Is the UKKO Entrepreneur service suitable for me?

The UKKO Entrepreneur service may be suitable for you if you operate as a private trader and are allowed to use single-entry bookkeeping. You can be a full-time or part-time entrepreneur – the service may also be suitable for you if you are a student or a pensioner.

The service is intended for entrepreneurs who mainly work on their own and want an easy way to manage invoicing and bookkeeping in one service.

Check whether you can use single-entry bookkeeping

A sole trader may use single-entry bookkeeping if no more than one of the following conditions is met in both the completed financial year and the immediately preceding financial year:

• the balance sheet total exceeds EUR 100,000
• net sales or comparable revenue exceeds EUR 200,000
• the company has an average of more than three employees.

If at least two of these conditions are met, you must use double-entry bookkeeping. A private traders financial year is generally the calendar year. If your financial year differs from the calendar year, the UKKO Entrepreneur service is not suitable for you. 

How UKKO Entrepreneur makes your everyday work easier

The UKKO Entrepreneur service may be particularly suitable for you if you do not want to track your business income and expenses yourself, for example in Excel, and need an easy way to invoice your customers.

The service includes:

• invoicing without document limits
• cash-basis bookkeeping, where the payment date determines the bookkeeping date of the income or expense
• tracking income and expenses in one service
• the official notifications included in the service.

How to manage your bookkeeping through the service

1. Add your business-related receipts to the service every month.
2. Check that the receipt information is correct and complete any missing details.
3. Mark an invoice as paid when your customer has paid it.
4. Follow your business income, expenses and financial situation in the service.

The service reads information from receipt images automatically. You usually only need to check the information and complete any missing details.

The UKKO Entrepreneur service may be suitable for you if

• you operate as a private trader
• your business is relatively small-scale
• you mainly work on your own
• you can use single-entry bookkeeping
• you want an easy way to invoice your customers
• you want UKKO to manage your bookkeeping and the official notifications included in the service.

If you need help

If you are unsure whether you can use single-entry bookkeeping or whether the UKKO Entrepreneur service is suitable for your situation, contact customer service at asiakaspalvelu@ukkopro.fi.

For example, include the following information in your message:

• your business sector
• your estimated turnover
• the number of people working in your business
• whether your financial year is the calendar year
• which part of the service’s suitability you are unsure about.