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Sumly vs an accounting firm in Cyprus

A firm bills a retainer plus a fee per return, and keeps your books in its own system. Sumly's AI does the bookkeeping for €39 a month, in books you see live. Base customers save about €3,000 a year.

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  • 30-day free trial
  • Free migration
  • Fixed monthly prices

Sumly and an accounting firm in Cyprus, side by side.

Sumly compared with A typical firm
FeatureSumlyA typical firm
Built for Cyprus taxYesYes
Your books, liveYesRarely
AI does the monthly data entryYesNo
VAT and VIES preparedFrom your booksBy hand
Answers to your questionsIn secondsIn office hours
Price€39 / monthThousands a year
Free trial30 daysRarely

Where they part ways.

A firm sells its time. Sumly takes the typing off the bill and leaves the judgement with you, or with your Sumly certified bookkeeper.

The AI does the typing.

It reads every document, books it on the right Cyprus VAT code and reconciles the bank. You review and approve.

Returns from your books.

Sumly prepares the VAT return and VIES, the monthly report of your sales to EU businesses, straight from the live books. Nobody retypes them each quarter.

Answers in seconds.

Ask Sumly what you owe and when, at any hour. No waiting on an email.

What it costs.

A firm's bill grows with your paperwork. Sumly's plans have fixed monthly prices, with no charge per document.

Do it yourself

  • Sumly Base

    €39/ month

    The full platform. Sumly prepares VAT, VIES and tax returns from your books, and you file them.

  • Year-end only

    Quoted

    An annual fee for the year-end accounts, with each return billed on top.

Done for you

  • Sumly Premium

    €190/ month

    Your own Sumly certified bookkeeper keeps the books and files every return. The audit is extra, from €950.

  • Monthly retainer

    Thousandsa year

    A bookkeeping retainer, plus separate fees for VAT and VIES, the year-end accounts and the tax return. The audit is extra.

See all three plans

Firm fees vary with the firm, the city and the workload, so we don't quote an exact figure. Sumly prices exclude VAT.

Pick the one that fits.

Both lists are true. If the second sounds more like you, we'd rather you knew now than three months in.

  • Pick Sumly if

    • You'd rather not pay a person to type in receipts
    • You want to see your books, and what you owe, at any time
    • You want a fixed monthly price, not a bill for time
    • You want 30 days to try it on your real books

  • Stay with your firm if

    • Your firm gives advice you'd pay for anyway, beyond data entry
    • You want the person who knows your history to carry on
    • The fee doesn't worry you and the service is good
Try 30 days free

Switch any month. We move you for free.

Watch the full demo of Sumly, and we'll move your books across from your firm for free. Your opening balances come with you, so mid-year is fine.

Get a demoTry 30 days free
  • How Sumly runs the books, start to finish
  • What moving from your firm involves
  • Which plan fits, and what it costs

Your questions, answered.

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It varies with the firm, the city and the workload. A small company usually pays a monthly bookkeeping retainer plus separate fees for VAT and VIES, the year-end accounts and the tax return, so the yearly bill runs into the thousands. The audit is extra. We don't publish firm prices, but ours are public, and Base customers save about €3,000 a year on average.

Most of a retainer pays for data entry, typing receipts and matching bank lines. Sumly's AI does that part, and that's where the difference in price comes from.

Less review is risky. Less typing isn't. What protects you is a full audit trail and a person who reviews before anything is filed. In Sumly each entry carries a link to the document behind it, and you choose who reviews, you or a Sumly certified bookkeeper.

Sumly prepares your VAT, VIES and tax returns from your books, and a person submits them. On Base that's you. On Plus, Sumly files every return except the year-end accounts. On Premium, your Sumly certified bookkeeper files every return.

Yes. Start on Base and invite your accountant into your books. Their dashboard is free, so they keep the advice and Sumly takes the data entry off the bill.

Yes. Your opening balances come across, so you can switch in any month and the books carry on from there. The migration is free.

No. Your balances and history come across, and from then on every document lives in Sumly, linked to its entry. Ask your firm for your original records too. That's standard when you switch.

Yes. Every Cyprus limited company needs an independent auditor to approve its accounts. Sumly doesn't do the audit itself, but you can order one through us, from €950, and books that arrive reconciled take fewer hours to audit.

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