Invoicing Tool
Merit Aktiva
Estonia's standard accounting software, priced like an afterthought
Tartu, EstoniaFounded 1991
Start
Free trial with full Premium features fo...
Free
Standard
Core accounting, invoicing and VAT decla...
€19
/month
Pro
Adds payroll, fixed assets and inventory...
€39
/month
Premium
Full feature set for higher transaction ...
€49
/month
Merit Aktiva is the accounting software most Estonian companies actually run on — 83,000+ of them. It files your KMD VAT declaration directly with the e-Tax Board, exports the annual report in XBRL, and pulls transactions straight from LHV, Swedbank, SEB and Coop. This is software, not a service: there is no accountant attached. It suits e-Residents who want to keep their own books cheaply instead of paying a full-service provider every month.
Pros & Cons
Pros
- Files the Estonian KMD VAT declaration directly with e-MTA — not just a report to hand off
- €19-49/mo ex VAT for payroll, fixed assets and inventory undercuts every full-service provider
- Direct bank feeds from LHV, Swedbank, SEB and Coop, free for Aktiva users
- Genuinely long free trial — up to 6 months with full Premium features
- Owned by Visma since its acquisition; the company has operated since 1991
Cons
- No Wise or Revolut integration — the two accounts most e-Residents actually use, so you import statements manually
- It is software, not a service: no accountant is included, and hands-on help costs €90/h ex VAT
- Support and documentation are Estonian-first; English coverage is thinner
- E-invoices cost extra on top of the subscription
- Reviewers describe the interface as dated and the API as limited — no Stripe or Zapier