Freelance Accounting in Bulgaria — Self-Service with Firmify

Is accounting mandatory?

Freelancers in Bulgaria are not required to maintain double-entry books. You need to keep a simple income and expense register. Firmify handles this automatically.

Module setup

1. Log in to Firmify → Accounting → Setup
2. Choose your VAT registration type (none / Art. 97a / standard)
3. Select your NPR percentage (25%, 40%, or 60%)
4. Set your insurable income (BGN 933–3,750/month)
5. Confirm — the system automatically:
   • Creates a simplified chart of accounts for freelancers
   • Generates deadlines for VAT, income tax, and social insurance
   • Sets up reminders

Recording income

1. Go to Invoices → New invoice
2. Fill in client, description, amount
3. The system records the income in account 703 "Freelance income"

Recording expenses

1. Go to Purchases → New purchase
2. Enter the invoice or receipt (transport, internet, office supplies, etc.)
3. The system records it in account 602 "External service expenses"