Publications

On issues of corporate accounting organization, financial accounting, management accounting, preparation of annual reports and taxes

About corporate accounting and tax issues

Construction of a fixed asset with support from Altum

Company “A” has entered into a loan agreement with “Altum” for 70,000 euros for the creation of a fixed asset. The agreement provides for a co-financing contribution from “A”.

Laila Kelmere

3 days ago

Is an insured debtor doubtful?

Can an insured client, for whom the insurance company pays out only 85% of the debt, be considered a doubtful or uncollectible debtor?

Laila Kelmere

3 days ago

Automatic gas station receipt for VAT deduction

Is a receipt for an amount exceeding 30 euros, issued at an automated fuel filling station, valid for the deduction of value-added tax (VAT)?

Laila Kelmere

3 days ago

Accounting for energy produced and used by solar panels

A tourist accommodation facility has installed solar panels. How should the energy generated and consumed be recorded?

Laila Kelmere

3 days ago

Documents to prove the movement of goods

Given that the core activity of a warehouse involves receiving, storing, and dispatching goods, it is essential to maintain an inventory of goods, which helps...

Laila Kelmere

3 days ago

VAT input tax deduction – automatic gas station receipt?

Is a receipt from an automated filling station for an amount exceeding 30 euros valid for the deduction of input VAT?

Laila Kelmere

3 days ago

Movement of goods in warehouses

We have previously looked at how to organize warehouse work to make it convenient to store, preserve, and distribute goods.

Laila Kelmere

3 days ago

How to effectively organize warehouse processes?

The method of organizing warehouse operations reflects an understanding of company processes—for example, the identification of cost items, inventory accounting, and inventory...

Laila Kelmere

3 days ago

Can paid leave be granted in the event of the death of a loved one?

Can an employer grant an employee paid leave in connection with the death of a loved one? What are the conditions for paying for such leave?

Laila Kelmere

3 days ago

Events after the balance sheet date

Events after the balance sheet date are business transactions or other events that are assessed by the company's management and accountant in the period between the last day of the reporting year (in most companies this is December 31)

Laila Kelmere

3 days ago

Salary, choosing to pay PIT at 23%

The employee has submitted their salary tax booklet and has opted to have personal income tax (PIT) applied in the calculation of their remuneration.

Laila Kelmere

3 days ago

Easily hand over documents to an accountant

Currently, outsourced accountants receive client documents in various ways—via cloud-based platforms like Google Drive, through email, and...

Laila Kelmere

3 days ago

What should be considered when selling electricity produced by solar panels?

A company has solar panels installed. The electricity they produce, which is not used for self-consumption, is fed into the grid. Should an electricity trader be invoiced for the sale of electricity?

Laila Kelmere

3 days ago

Stolen money – business expenses?

Money in the amount of 200 euros is stolen from a company bank card. The bank has been informed about the incident but refuses to return the money, because...

Laila Kelmere

3 days ago

Possibilities to write off debts without tax burden

A company may choose to sell products or provide services while receiving payment at a later date, which means that a debtor arises for the company.

Laila Kelmere

3 days ago

New procedure for preparing the annual report

We are gradually beginning to plan and consider autumn tasks. The amendments to Cabinet Regulation No. 652, adopted in August, have also served as a catalyst for these considerations.

Laila Kelmere

3 days ago

Accounting control measures

Many people are either afraid of the word “control” or are quite indifferent to it. In practice, accounting control is necessary for a company to be aware of accounting processes and to be able to gain a full understanding of the benefits.

Laila Kelmere

3 days ago

How to make a receipt if the cash register is not working?

What to do and correctly prepare supporting documents if the cash register in a retail store suddenly stops working?

Laila Kelmere

3 days ago

On accounting and tax issues of budgetary institutions

Budgetary institution: costs of renovation and repair of fixed assets

A budgetary institution owns real estate (a fixed asset) on which repair works have been carried out, including the following: the roof has been replaced, and...

Laila Kelmere

3 days ago

Annual report of a budgetary institution: events after the balance sheet date

Budget institutions have submitted their separate annual reports to the consolidating institutions (for example, a local government or a ministry) and

Laila Kelmere

3 days ago

News about the annual report of budgetary institutions

Budget institutions will prepare the annual report for 2023 in accordance with Cabinet of Ministers Regulation No. 652 of 28 September 2021 "Procedures for the Preparation of the Annual Report"

Laila Kelmere

3 days ago

Current events in the preparation and provision of annual inventory for budgetary institutions

The basic requirements for annual inventory-taking in public sector institutions are set out in the Accounting Law and the Cabinet of Ministers [regulation] of 21 December 2021

Laila Kelmere

3 days ago

Current events in the preparation and provision of annual inventory for budgetary institutions

The basic requirements for annual inventory for budgetary institutions are set out in the Accounting Law, Cabinet of Ministers Regulation No. 877 of 21 December 2021 "Regulations on Accounting" (hereinafter - Cabinet Regulation No. 877),

Laila Kelmere

3 days ago

Video and audio recordings

Recommendations for cooperation between a manager and an accountant

Employee benefits

Basic principles for preparing the annual report of a micro-company

Basic principles for preparing the annual report of a small company

Basic principles of calculating wages

Internal control and accounting control measures

For budgetary institutions: New amendments to the regulations

Taking and documenting inventory

Materials available here

Accounting Law - audio recording
(for the version of the law in force until 16.10.2024.)
On 17.10.2024, amendments to Articles 17, 18, 31, 34 and 36 entered into force.
On 01.01.2025, amendments to Section 1, Section 1, Section 9 and Section 10 entered into force, supplemented by Section 11.

01_01_Grāmatvedības_likums_Saturs

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01_02_Grāmatvedības_likums_2-3p

00:00 / 02:37

01_03_Grāmatvedības_likums_4-6p

00:00 / 05:05

01_04_Grāmatvedības_likums_7p_Vērtības_mērs_grāmatvedībā_eiro

00:00 / 02:52

01_05_Grāmatvedības_likums_8-9p_Grāmatv_reģ_kārtošanas_vispārējie_not_valodas_lietojums

00:00 / 01:53

01_06_Grāmatvedības_likums_10p_Divkāršā_un_vienkāršā_ieraksta_sistēma

00:00 / 03:45

01_07_Grāmatvedības_likums_11p_Attaisnojuma_dok_iedalījums_ietveramie_rekvizīti_un_informā

00:00 / 15:01

01_08_Grāmatvedības_likums_12p_Preču_pieades_dokumenti

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01_09_Grāmatvedības_likums_13p_Attaisnojuma_dokumentu_iegramatošanas_termiņš

00:00 / 03:30

01_10_Grāmatvedības_likums_14p_Īpaši_noteikumi_par_skaidras_naudas_uzskaiti

00:00 / 03:49

01_11_Grāmatvedības_likums_15-17p_Inventarizācija

00:00 / 03:23

01_12_Grāmatvedības_likums_18p_Gada_parskats

00:00 / 02:45

01_13_Grāmatvedības_likums_19p_Saimnieciskās_darbības_pārskats

00:00 / 01:54

01_14_Grāmatvedības_likums_20p_Slēguma_fin_pārskats_reorganizācija

00:00 / 01:45

01_15_Grāmatvedības_likums_21p_Slēguma_fin_pārskats_darbības_izbeigšana

00:00 / 01:35

01_16_Grāmatvedības_likums_22p_Parādnieka_bilance_Fin_pārsk_jurid_pers_maksātnespējas_proc

00:00 / 02:33

01_17_Grāmatvedības_likums_23p_Īpaši_not_saimnieciskās_darbības_veicējiem

00:00 / 02:28

01_18_Grāmatvedības_likums_24-26p_Pārskata_gada_sākums_beigas_un_ilgums

00:00 / 03:12

01_19_Grāmatvedības_likums_27-29p_Grāmatvedības_dokumentu_glabāšana

00:00 / 07:06

01_20_Grāmatvedības_likums_30p_Finanšu_ministrijas_kompetence_grāmatvedības_jomā

00:00 / 01:23

01_21_Grāmatvedības_likums_31-33p_Uzņēmuma_vadītāja_pienākumi_tiesības_atbildība_pienākums

00:00 / 07:35

01_22_Grāmatvedības_likums_34p_Grāmatvedis_vai_ārpakalpojuma_grāmatvedis

00:00 / 05:37

01_23_Grāmatvedības_likums_35p_Uzņēmuma_vadītājs_kurš_tiesīgs_pats_kārtot_grāmatvedību

00:00 / 01:44

01_24_Grāmatvedības_likums_36-37p_Persona_kura_nav_vai_kurai_aizliegts_būt_par_ārpak_grāma

00:00 / 02:02

01_25_Grāmatvedības_likums_38p_Ārpakalpojuma_grāmatvežu_licencēšana

00:00 / 08:33

01_26_Grāmatvedības_likums_39p_Ārpakalpojuma_grāmatvežu_reģistrs

00:00 / 02:04

01_27_Grāmatvedības_likums_40p_Ārpakalpojuma_grāmatveža_civiltiesiskās_atb_apdrošināšana

00:00 / 01:21

01_28_Grāmatvedības_likums_41-45p_Administratīvie_pārkāmumi_grāmatvedības_jomā_un_naudas_s

00:00 / 04:08

Publications

About corporate accounting and tax issues

Construction of a fixed asset with support from Altum

Is an insured debtor doubtful?

Automatic gas station receipt for VAT deduction

Accounting for energy produced and used by solar panels

Documents to prove the movement of goods

VAT input tax deduction – automatic gas station receipt?

Movement of goods in warehouses

How to effectively organize warehouse processes?

Can paid leave be granted in the event of the death of a loved one?

Events after the balance sheet date

Salary, choosing to pay PIT at 23%

Easily hand over documents to an accountant

What should be considered when selling electricity produced by solar panels?

Stolen money – business expenses?

Possibilities to write off debts without tax burden

New procedure for preparing the annual report

Accounting control measures

How to make a receipt if the cash register is not working?

On accounting and tax issues of budgetary institutions

Budgetary institution: costs of renovation and repair of fixed assets

Annual report of a budgetary institution: events after the balance sheet date

News about the annual report of budgetary institutions

Current events in the preparation and provision of annual inventory for budgetary institutions

Current events in the preparation and provision of annual inventory for budgetary institutions

Video and audio recordings

Recommendations for cooperation between a manager and an accountant

Employee benefits

Basic principles for preparing the annual report of a micro-company

Basic principles for preparing the annual report of a small company

Basic principles of calculating wages

Internal control and accounting control measures

For budgetary institutions: New amendments to the regulations

Taking and documenting inventory

Materials available here

Accounting Law - audio recording (for the version of the law in force until 16.10.2024.) On 17.10.2024, amendments to Articles 17, 18, 31, 34 and 36 entered into force. On 01.01.2025, amendments to Section 1, Section 1, Section 9 and Section 10 entered into force, supplemented by Section 11.

Accounting Law - audio recording
(for the version of the law in force until 16.10.2024.)
On 17.10.2024, amendments to Articles 17, 18, 31, 34 and 36 entered into force.
On 01.01.2025, amendments to Section 1, Section 1, Section 9 and Section 10 entered into force, supplemented by Section 11.