Single-entry bookkeeping for sole traders

We keep single-entry books for sole traders and smaller entities that are not legally required to use double-entry. It is administratively lighter and, at lower income levels, cheaper.

Who it suits

A sole trader registered in the Commercial Register may use single-entry bookkeeping only under certain conditions; outside the register there is no such limit. Some non-profit organisations and homeowners' associations use it as well.

At the first consultation we go through your situation and tell you whether single-entry bookkeeping or flat-rate expenses works out better for you.

What we handle

cash journal recording income and expenditure
register of receivables and payables
register of fixed assets and inventory
social fund book, if you maintain one
personal income tax return
statement of income and expenditure and statement of assets and liabilities

Flat-rate or actual expenses

Flat-rate expenses pay off when your actual costs are low. With higher costs — rent, materials, transport — keeping books with actual expenses is usually the better option.

We can calculate the difference in advance from last year's figures. The choice is made once a year and cannot be changed mid-year.

Social and health contributions

Your tax return determines the assessment base for social and health insurance. We tell you in advance how your contributions will change so the amount does not come as a surprise.

Pricing

From €40 a month for up to fifty entries. For seasonal businesses we can agree a price based on the actual volume in individual months.

Questions about this service

When is simple (single-entry) bookkeeping worth it instead of flat-rate expenses?

When actual costs are higher — rent, materials, transport. We can calculate the difference in advance from your figures for the previous year.

Can any self-employed person use single-entry bookkeeping?

An individual not registered in the Commercial Register can use it without restriction; one registered in the Register only under certain conditions. We'll go through this at the first consultation.

How much does it cost?

From €40 per month for up to fifty entries. For seasonal activity, we can agree a price based on actual volume in individual months.

How will my levies change?

The assessment base for social and health insurance is derived from your tax return. We'll flag this in advance so the amount doesn't catch you off guard.