Is there a completely free accounting program in Latvia?

There are free tools for issuing invoices and simple record-keeping, plus open-source packages. But full-cycle accounting with VAT, payroll and VID reporting is rarely free — either the functionality is limited or you maintain it yourself. Bilenta offers a 40-day free trial with no card required.

What is the most popular accounting software in Latvia?

Locally installed packages have historically dominated Latvia, but cloud platforms are growing quickly because there is no server to maintain and tax changes are applied automatically. “Most popular” isn't the same as “right for you” — the answer differs for a freelancer, a small company and an accounting firm.

What matters most when choosing?

That it knows Latvian tax rules and updates them itself, supports e-invoicing and VID reporting, lets you export your own data, and offers support in Latvian. Price usually matters less than how much manual work it removes.

Does accounting software replace an accountant?

No. Software automates calculations, documents and reports, but decisions about tax regime, which expenses are deductible and unusual transactions are still best discussed with an accountant.

bilenta

Accounting software in Latvia: how to choose in 2026

Name: Bilenta
Author: Bilenta

Latvia has legacy desktop packages, cloud platforms and free tools. This is an honest guide: what “free” actually gets you, what a limited company needs versus a freelancer, and the questions to ask before you commit.

What “free accounting software” really means

Genuinely free tools are usually either very limited (invoices only, no ledger or payroll) or open-source packages you host and maintain yourself.
Many “free” options are a free trial or a free tier with caps — a few invoices a month, or a single user.
Count the hidden costs: Latvian-language support, e-invoicing, VID reporting, data migration, and updates when tax rules change.
If your activity is small, a free tool may be enough. Once VAT, payroll or multiple users appear, the saving usually disappears.

What to look for in Latvia

Latvian taxes, built in: PIT 25.5%, social 10.5%/23.59%, €550 non-taxable minimum — does it know these and update itself?
VAT and VID reporting: VAT return, EDS export, SAF-T readiness.
E-invoicing: B2G mandatory since 2025; the B2B mandate moved to 2028. Does it support EN 16931 / Peppol?
Payroll: Payslips, SEPA payment files, vacation and sick-pay calculations.
Bank integration: Statement import (camt.053) and matching transactions to invoices.
Language and support: A Latvian interface and Latvian support — not just a translated menu.
Data ownership: Can you export everything if you move to another system?
Pricing that scales: Is it per user, per company, or per document?

What you need, depending on who you are

Self-employed

Invoices, expense tracking, bank statements and the annual income declaration. No payroll or inventory needed.

Small limited company

Double-entry accounting, VAT, payroll for a few employees, e-invoicing.

Growing business

Multiple users with roles, project tracking, API, audit trails.

Accounting firm

Many clients in one account, task workflow, a client portal.

Frequently asked questions

Is there a completely free accounting program in Latvia?: There are free tools for issuing invoices and simple record-keeping, plus open-source packages. But full-cycle accounting with VAT, payroll and VID reporting is rarely free — either the functionality is limited or you maintain it yourself. Bilenta offers a 40-day free trial with no card required.
What is the most popular accounting software in Latvia?: Locally installed packages have historically dominated Latvia, but cloud platforms are growing quickly because there is no server to maintain and tax changes are applied automatically. “Most popular” isn't the same as “right for you” — the answer differs for a freelancer, a small company and an accounting firm.
What matters most when choosing?: That it knows Latvian tax rules and updates them itself, supports e-invoicing and VID reporting, lets you export your own data, and offers support in Latvian. Price usually matters less than how much manual work it removes.
Does accounting software replace an accountant?: No. Software automates calculations, documents and reports, but decisions about tax regime, which expenses are deductible and unusual transactions are still best discussed with an accountant.

Pricing →Latvia →Salary calculator →E-invoicing →

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