Switching accountants in Lithuania without disruption

When is it worth switching accountants?

Companies usually change accountant when tax returns are filed late, answers are hard to get, it is unclear who is responsible for what, or the accounting no longer keeps up with a growing business. You can switch accountants at any time, but it should be done in an orderly way so that no tax deadline is missed. Our full range of accounting services in Lithuania covers bookkeeping, tax returns, payroll and annual financial statements, so every task your previous accountant handled is covered.

How does the accounting takeover work?

1. We discuss your business, the current state of the accounts and the nearest deadlines with the State Tax Inspectorate (VMI) and Sodra, Lithuania’s social insurance fund.
2. We agree the list of documents, accounting ledgers and system access to be handed over.
3. We check the opening balances, debts and unfinished work from the previous period.
4. We agree the routine for monthly documents, tax returns and reports.
5. From the agreed date we take over the accounting and the responsibility for it.

Which documents are needed when switching accountants?

• General ledger and trial balance data, or an export from the accounting software.
• The latest tax returns and financial statements filed.
• Lists of fixed assets, debts and balances.
• Employee, payroll and leave data.
• Authorisations in the VMI EDS and Sodra EDAS online systems.

If some documents are missing, we first assess the situation and present a separate clean-up plan.

How much does an accounting takeover cost?

A standard takeover is included in the monthly service price, which starts from €80 per month. Clean-up of previous periods, where needed, is quoted separately. Indicative plans are listed on our accounting prices page, and the pages on MB accounting, UAB accounting and individual activity accounting describe what the service covers for each legal form.

Frequently asked questions about switching accountants

Do I need to wait until the end of the year?

No. You can change accountant mid-year as well; what matters is that the balances are handed over properly and it is agreed who files the next tax returns.

Can you take over the accounting remotely?

Yes. Document handover and system access are organised digitally, so we work with companies across Lithuania.

What if the previous accountant does not hand over the documents?

We assess what can be reconstructed from bank statements, VMI and Sodra data and the documents you hold, and draw up a recovery plan.