The UKKO Entrepreneur Limited Company service is not suitable for you if:
- The company has not joined Tax Administration's Prepayment Register
- The company has a chart of accounts that deviates from the service's standard.
- The company's business involves animals and related acquisitions (e.g., dog breeding, cat breeding, stable operations, etc.), unless the activity can be classified as business income. The customer is obliged to verify the income classification from the Tax Administration.
- The company is engaged in agriculture and forestry. The service does not cover the bookkeeping of agricultural income sources.
- The company engages in active investment activities or securities trading.
- The company has a complex balance sheet structure and/or numerous balance sheet items (such as multiple machines, equipment, or buildings on the balance sheet).
- The company has one (1) person with representation rights granted by the board.
- Marginal taxation applies to the services or products sold by the company (e.g., trade-in of used cars or flea markets).
- The company's business requires a large inventory.
- The company regularly imports goods from outside the EU (please note that the UK is no longer part of the EU).
- The company sells products to consumer customers worldwide through an international platform.
- The company sells products outside the EU or to Åland.
- The company is located in Åland.
- The company issues sales invoices in a currency other than euros.
- The company requires regular payroll processing for its employees, and you cannot use third-party payroll services for payroll calculation and payment.
- The company's bookkeeping includes more than a bit of equipment or real estate.
- The company's annual turnover exceeds 500,000 euros.
- The company's bookkeeping cannot be done on a cash basis.
- The company is subject to an audit obligation.
- The shareholder, board member, or other responsible person of the company is under 18 years old.
You can check the suitability of your accounting with our customer service.
Other considerations:
- The service fee does not include the completion of undone bookkeeping.
- Receipts must be added to the service monthly, by the 15th of the following month at the latest (you can also add receipts to the service while the month is still ongoing, based on transaction data). Later-submitted receipts must be separately agreed upon with our customer service at the undone bookkeeping price.
- For interaction with the Tax Administration, we require users to have Suomi.fi authorization.
- To establish a limited company through us, you must be at least 18 years old.
- The Patent and Registration Office does not allow minors to establish a company electronically.
- If you have an existing business ID for a company that was established, and subsequently terminated, you must activate this business ID yourself to use the service.
- International invoicing is an additional paid service. It often requires the customer's readiness to clarify bookkeeping requirements independently, especially if you sell products worldwide to consumer customers through an international platform.
- Sales invoices can only be sent in euros, so your customer must be prepared to pay invoices in euros, or you must generate accounting entries based on the euro amount received.
- We perform accrual accounting, where the payment date determines the accounting date for income or expense. The accounting is converted to cash basis during the financial statements.