Import your financial history

Move your Estonian OÜ to Arvello with opening balances pre-filled from filed annual reports, plus board members imported from the Business Register.

If your OÜ has been trading for a while and is moving to Arvello from another tool — or another accountant — this step brings its past with it: filed annual reports, board members and shareholders from the äriregister (the Estonian Business Register), and the opening balances that make your reports correct from day one.

If you've just founded a brand-new company with no transactions behind it, you can skip all of this. There's nothing to import, and your balances start at zero.

What Arvello imports from the Business Register

Straight after the setup wizard, Arvello checks the Business Register for annual reports filed under your registry code and imports what it finds:

Annual reports — every available report, with its fiscal year and status (confirmed or submitted). The most recent one feeds the pre-filled opening balances below.
Board members and shareholders — imported as people records, ready for when you run payroll or declare dividends. You can edit their details later under Pay yourself.

The import runs automatically and takes a moment. If it fails, you can retry — or skip and enter opening balances by hand. And if no reports are found, manual entry is the fallback, not a dead end.

One question, not a date

You no longer pick a "cutover date". Instead Arvello asks a single question and works out the dates for you:

Who is preparing this financial year's annual report?

Your answer separates two things that matter: when Arvello starts keeping your books (always today — VAT and payroll run forward from now in either case), and which financial year is the first one Arvello will file an annual report for.

Arvello prepares this year

Choose this if you want Arvello to file this year's annual report. Arvello picks up from your last filed accounts, so your opening balances come from that report and this year's figures are rebuilt with you. You'll see a note sizing the work — roughly how many months of transactions you'll review since your last accounts. If that span is long (a stale or missing report), Arvello flags it and you might prefer the other option.

This year is filed outside Arvello

Choose this if this year's report is being prepared the way it always has been — by you or by your accountant. Arvello goes live now and takes over the next financial year. Two consequences:

Opening balances are deferred. There's nothing to enter now — they'll be set later from this year's filed report.
Annual-report generation is paused for this transition year. Your annual reports page shows a note explaining that this year is filed outside Arvello; Arvello's first report starts the following year.

A brand-new company

If there's no filed annual report behind your company, Arvello skips the question and starts your books from incorporation. Enter your starting balances — for most new OÜs that's just the share capital.

Opening balances

Opening balances are your account balances at the point Arvello takes over: bank balances, unpaid invoices in both directions, fixed assets, loans, share capital and retained earnings. How you set them depends on where the figures come from.

From a filed report (read-only). When the balances come from your last filed annual report, they already balance — so they're shown read-only, badged with the report they came from. You don't edit the totals. If one reported line (say a single "cash and bank" total) needs splitting across several of your accounts, switch on Split totals across your accounts and distribute it — the total stays fixed. There's deliberately no "plug to balance" button here: if something doesn't add up, that's an import problem to fix, not a number to invent, and Arvello blocks saving until it's resolved.

By hand (new company or no report). With no filed report to lean on, you enter the figures yourself, grouped into assets, liabilities and equity, with a hint on each line about where to find it (your bank statement, your last KMD return, a loan statement, the Commercial Register). Here two helpers apply:

The form must balance before it saves — total debits equal total credits.
The Auto-balance to Retained Earnings button plugs any difference into retained earnings, which is usually the balancing figure for a new company.

⚠️Corrections become prior-period adjustments

Once balances come from a filed report, don't change them to "fix" a number — both your books and the Business Register describe the company at the same point in time. Record any correction later as a prior-period adjustment, so this year's opening still matches last year's closing and your balance sheet stays consistent.

One last note: once an annual report has been submitted through Arvello, that fiscal year is locked, and its opening balances can't be changed without unlocking the year first.