Monthly accounting checklist for EOOD

Why does the monthly checklist matter?

A small company has recurring obligations that repeat every month. Missing them leads to fines and administrative problems. This checklist covers the obligations of an EOOD with no employees, registered or not for VAT.

Monthly checklist (1st–14th)

By the 5th — collect documents

• Collect all supplier invoices for the previous month
• Collect expense documents (receipts, utility bills, service invoices)
• Download the bank statement for the previous month

By the 10th — enter into Firmify

• Open Firmify → Purchases and record each supplier invoice
• Verify all your issued invoices (sales) are recorded
• If needed — run a bank import (CSV from your bank)

By the 14th — VAT (if registered)

• Go to VAT → open the period for the previous month
• Check the sales ledger and purchase ledger
• Download the XML file → submit to the NRA portal
• Return to Firmify and mark the period as Submitted

By the 25th — social insurance (if you are a manager/self-insured)

• Pay social insurance contributions for the manager
• For employees — pay personal income tax and staff social insurance

Month end — close the period

• Check the Journal for DRAFT entries — post them
• Go to Periods → close the accounting period
• Open a new period for the next month
• If VAT-registered — open a new VAT period

Quarterly checklist (additional)

• Review the Trial Balance — debit = credit?
• Check the Income Statement — do revenues cover expenses?
• Archive paper documents

Annual checklist (for GFO and annual tax return)