There are 1 Companies in Finland
that provide Financial Accounting Services!

Finland’s IT sector is one of the most advanced in Europe and the second-largest IT hub in North-Europe. The country has been through a strong digitalization process in the early 2000’ and skilled specialists are more and more attracted to discover the digital and tech possibilities the country has to offer. 

Among other things, Finland ranked 1st globally in the happiness index 4 years in a row, which gives another reason for skilled IT specialists to enter the local market, and the native Finnish professionals to remain and continue to develop the country IT and the entire business ecosystem. 

Finland’s contribution to the world digitalization is huge - they brought the SMS, 5G, and Linux OS. This highlights, even more, the capabilities of Finnish tech workers in the field. 

Why working with Finnish IT companies

Finnish IT companies made their way through the European IT market in 2008-2010 but at that time the market only started to grow and didn’t provide enough possibilities to Finnish companies in getting a world-name. However, in 2015’ IT companies from Finland managed to break the market with improved UI/UX solutions, high performance in software and web development, and also numerous startup incubators that relaunched the country’s IT sector and made it one of the most famous in the world. 

From Finnish IT companies and digital agencies, you can expect everything between excellent and outstanding services. The 3400+ IT companies provide high-quality services for the local market via public-private partnerships, and for the international market via BPO, and direct services due to the open European Market. 

Most Finnish IT companies are SME’s which are supported and facilitated by the government and local policies. In Finland, companies usually join IT parks and tech communities that help businesses find and benefit from local digital services. 

What you should be aware of when working with Finnish IT companies

According to Glassdoor, the average salary in the Finnish IT sector is 3.055 Euro, which also makes it higher than the average salary and as well hourly rate. In these regards, you may want to pay attention to prices before working with a digital agency from Finland. 

Everything else from project management and dev skills should not be a reason for concern since Finnish skilled workers are enough, and everywhere in the local companies. 

Are Finnish companies reliable?

The most known thing about Finnish IT companies is high-quality services and products. This is why reliability is not a question for local digital agencies and companies from Finland. Also, due to market stability and reliability, foreign investors and IT companies are choosing Finland as their next location for new offices. 

How does the Finnish IT sector relate to the neighboring countries?

Across Europe, there are traditional IT sectors and more innovative ones. Finland focuses more on innovation and tries to bring digitalization in new sectors of the economy. There are eight pillars of Finnish digital economy, and all of them connect each part of the economy and society to the web: 

• Digital Trust

• AI

• Intelligent Connectivity

• New Space Economy

• Smart Mobility

• Data Centers

• Retail Tech and Ecommerce

• Financial Technology. 

Some of these pillars are present in the traditional IT sectors such as FinTech, E-commerce, and Data Centers. The neighboring Sweden for example focuses more on e-commerce and FinTech but lacks other digital directions that Finland has. 

The latest Finnish sector that goes through digital transformation is the medical one. Finnish digital agencies and IT companies focus now on providing a comfortable place for doctors and patients using digital technologies. This comfort touches aspects like interior design, acoustic, access to information, entertainment and expands up to neural networks and involving AI in the surgery processes.

Financial accounting services are the backbone of sound financial management for businesses. These services encompass the recording, reporting, and analysis of financial transactions, ensuring accuracy and compliance with regulations.

IT companies have expanded their services to include financial accounting through specialized software solutions. Some well-known IT companies offering financial accounting services include Intuit (QuickBooks), Sage, and Xero. These companies provide accounting software and cloud-based platforms designed to streamline financial processes, but other smaller service providers are also a good option to take into consideration, as their price range may be lower and the quality of their services could be the same or even better.

IT companies offering financial accounting services are generally reliable. They provide robust software solutions that simplify financial record-keeping and reporting. However, the effectiveness of these services depends on the specific needs and complexities of the business. For more intricate accounting requirements, many businesses still seek the expertise of traditional accounting firms or certified public accountants (CPAs).

Financial accounting service providers utilize a range of tools and technologies, including accounting software such as QuickBooks, Sage 50, and Xero. They also rely on financial modeling and forecasting software, data analytics tools, and financial reporting platforms. Cloud-based accounting solutions have become increasingly popular for remote access and real-time financial insights.

Financial accounting is closely related to various financial and advisory services, including:

• Auditing

• Taxation Services

• Financial Consulting

• Bookkeeping

• Financial Reporting

Financial accounting focuses on routine financial record-keeping, reporting, and compliance with accounting standards. On the other hand,  audit services involve independent reviews of financial records to verify their accuracy and completeness. At the same time, due diligence services are comprehensive assessments conducted before business transactions to assess risks and opportunities. That's why you should always make a difference between these services and choose the right one for your business. 

While on this pages you can find financial accounting service providers, we strongly recommend visiting the Audit and Due Diligence dedicated pages where you can explore relevant vendors in case you need their services in addition or combined with the Financial accounting services. 

Selecting the best IT company for financial accounting services involves evaluating the software's features, ease of use, scalability, and integration capabilities with existing systems. Additionally, consider the provider's reputation, customer support, and the availability of industry-specific solutions.

Financial accounting providers are essential for various projects and business needs, including:

• Small Business Accounting: Managing financial records and payroll.

• Financial Reporting: Preparing financial statements for shareholders and regulators.

• Budgeting and Forecasting: Creating financial plans and projections.

• Tax Compliance: Ensuring accurate tax reporting and payments.

• Investor Relations: Providing transparent financial information to investors.

• Mergers and Acquisitions: Consolidating financial data during business transactions.

Of course, besides these projects and business needs, financial accounting can be used for other purposes as well. It depends on the particular business needs in general. 

Also, financial accounting services are critical for companies of all sizes and industries, including the one from the list below, but, of course not limited to them:

• Small and Medium-sized Enterprises (SMEs): Managing day-to-day finances efficiently.

• Corporations: Ensuring accurate financial reporting and compliance.

• Startups: Establishing sound financial practices from the outset.

• Nonprofit Organizations: Managing donations and grants transparently.

• Government Agencies: Maintaining accurate financial records and reporting.

As for the cost of financial accounting services, they can vary widely depending on the complexity of financial processes, the volume of transactions, and the chosen software or service provider. In the US for example, small business accounting software subscriptions can start at around $20 per month, while customized accounting solutions for larger businesses can range from several hundred to thousands of dollars per month. Costs in the UK and Australia follow a similar range, with variations based on specific business needs and software features. It's advisable to obtain quotes and assess the suitability of the chosen solution or service provider for your business's financial requirements.