Lithuania
Finance & Accounting services in Lithuania
Service packages specifically for the Lithuanian market, designed around the Bank of Lithuania's regulatory framework, IFRS requirements, and the real financial challenges of Vilnius-based fintechs, scaling SMEs, and foreign companies with Lithuanian entities.
Bookkeeping, Reporting & Compliance
Core finance operations for Bank of Lithuania-licensed entities and EU-regulated SMEs that need accurate, regulator-ready numbers every month, without a full-time finance team.
IFRS management accounts
Monthly P&L, balance sheet, and cash flow statement prepared under IFRS — formatted for Bank of Lithuania submissions and investor review.
VAT OSS returns
EU One Stop Shop VAT filing for digital services sold across EU member states. Fully compliant with current OSS scheme rules.
Intrastat reporting
Monthly or quarterly Intrastat declarations to Statistics Lithuania (Stat.gov.lt) for goods movement across EU borders.
Sodra payroll compliance
Lithuanian social insurance (Sodra) contribution calculations and submissions. GPM (income tax) withholding and VMI declarations.
VMI tax compliance
Lithuanian tax authority (VMI) filings: corporate income tax, VAT returns, annual financial statements, and transfer pricing support.
Bookkeeping & year-end close
Day-to-day transaction recording, bank reconciliation, and full year-end close on Xero or QuickBooks migrated from Rivile if required.
Virtual CFO
Strategic finance leadership for startups and SMEs scaling faster than their finance function. Senior CFO support, without the €120K+ salary, available weekly and reporting directly to you.
Financial strategy & long-term planning
Annual financial roadmap aligned to business goals. Pricing model validation, unit economics design, and multi-scenario planning.
Budgeting & rolling forecasts
Dynamic monthly budget builds and rolling 12-month forecasts updated with actuals. No more stale year-old budgets.
KPI dashboards & board packs
Custom KPI framework (MRR, CAC, LTV, burn rate, runway) and a monthly board pack your investors will respect.
Cash flow management
Weekly cash visibility, 13-week rolling forecast, working capital optimisation, and early warning on liquidity risk.
Cost control & margin engineering
Vendor contract analysis, cost-per-unit modelling, margin optimisation across revenue lines, and monthly cost review.
Cross-border finance oversight
Consolidated reporting across multiple EU entities, multi-currency treasury, and intercompany reconciliation for Baltic group structures.
Finance Setup
A complete finance function build-out for new Lithuanian entities, foreign companies entering Lithuania, and founders who have outgrown their current setup. Done once, properly, from the start.
Chart of accounts build
IFRS-aligned chart of accounts configured in Xero or QuickBooks including Lithuanian VAT codes, Sodra payroll accounts, and multi-currency setup.
Data migration to cloud
Secure migration from Rivile, spreadsheets, or legacy systems into Xero or QuickBooks with full balance verification and opening trial balance.
GDPR data processing agreement
Standard DPA prepared and executed before any financial data is shared, compliant with EU GDPR Chapter V requirements for cross-border data transfers.
Third-party system integration
Connect CRM, payroll (Sodra-compliant), inventory, and POS tools into Xero/QBO for a single real-time financial view.
Opening IFRS baseline report
First full month of IFRS-compliant management accounts establishing the financial baseline for audit, investor review, or VMI submissions.
Team onboarding & SOPs
Finance team training on cloud platform, approval workflows, and month-end close procedures, plus written SOPs for handover or audit readiness.
Ready to get your finances in order?
We always take the time to understand your business first. Reach out, learn how we can help, and decide for yourself if it's the right fit.
