Definra

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Definra is a business solutions and consultancy company that specializes in outsourcing finance and accounting specialists to medium-sized and larger organizations in Europe.

✈️ Business trips are a routine part of work for many companies. But from 1 October 2026, several changes will affect ho...
24/08/2026

✈️ Business trips are a routine part of work for many companies. But from 1 October 2026, several changes will affect how daily allowances for employee business trips are calculated and paid.

Definra's Chief Accountant Gintarė Bartninkienė highlights three key updates employers should prepare for:

→ No daily allowance for one-day business trips within Lithuania: daily allowances will only be paid when a domestic business trip lasts longer than one day;

→ 20% allowance for short first or last days: if the first or last day of a business trip lasts less than 4 hours, including travel time, only 20% of the applicable daily allowance will be paid;

→ New rules for reduced daily allowances: where reductions are agreed in a collective agreement, allowances may be reduced to no less than 50% of the government rate. Without a collective agreement, internal company rules may provide for a reduction only for trips lasting 7 days or more, and the allowance cannot be lower than 65% of the government rate.

There is also an important procedural change: when reduced daily allowances apply, employees must be informed in writing before each business trip begins.

📢 All these changes take effect on 1st October 2026 - so now is a good time for Lithuanian companies to review their business travel policies and internal procedures.

Some finance red flags don't show up in the numbers first. 🚩Sometimes, you hear them in everyday conversations:🚩 “We don...
21/08/2026

Some finance red flags don't show up in the numbers first. 🚩

Sometimes, you hear them in everyday conversations:

🚩 “We don't really know who owns this process.”
🚩 “We've always done it this way.”
🚩 “The numbers should be approximately right.”
🚩 “We'll reconcile it later.”
🚩 “Only one person knows how this works.”

None of these necessarily means there's a serious problem. But they can point to unclear responsibilities, inconsistent processes or risks that tend to grow as the business grows. Because in finance, small warning signs are usually worth paying attention to early as “we'll fix it later” has a habit of becoming much more complicated later.

More revenue doesn't always mean more money. 📊Revenue growth looks great on a report, but on its own, it tells only part...
18/08/2026

More revenue doesn't always mean more money. 📊

Revenue growth looks great on a report, but on its own, it tells only part of the story. If costs are growing at the same pace - or even faster - the business may be selling more without actually becoming more profitable.

That's why understanding margins matters. They show how much value is left after the costs behind that growth are taken into account.

🚀 Growth is important - but healthy growth isn't just about increasing the top line: it's about making sure the business actually benefits from it.

Payroll often looks straightforward - until something goes wrong.Many business leaders underestimate just how much respo...
13/08/2026

Payroll often looks straightforward - until something goes wrong.

Many business leaders underestimate just how much responsibility sits behind every payroll cycle. It's not only about paying employees on time. It's about protecting sensitive data, keeping up with changing legislation and ensuring every detail is accurate. Even small mistakes can affect employee trust, create compliance risks and take significant time to resolve.

A seamless payroll process may go unnoticed, but it's one of the clearest signs of a well-managed business.👌

"Accounting is only there for the tax authorities." 😑It's an outdated perception that still exists in many organisations...
10/08/2026

"Accounting is only there for the tax authorities." 😑

It's an outdated perception that still exists in many organisations. In reality, accounting is one of the most valuable sources of business insight. Accurate financial data helps leaders understand performance, identify risks early and make informed decisions with confidence.

Compliance and tax reporting are, of course, an important part of the job. But they're only one piece of the bigger picture. At its best, accounting doesn't just explain what happened yesterday - it helps businesses make better decisions about tomorrow. 💪

👀 Check out these Excel confessions every finance professional can relate to: 👇VLOOKUP or XLOOKUP?Dark mode or light mod...
07/08/2026

👀 Check out these Excel confessions every finance professional can relate to: 👇

VLOOKUP or XLOOKUP?
Dark mode or light mode?
18 Excel files open at the same time.
And, of course: Final_final_v3_REAL.xlsx

Quite often, Excel becomes less of a tool and more of a daily companion.
Be honest: how many versions of the same file do you currently have open? 🤭

Many businesses still build their budget once a year and rarely revisit it until the next planning cycle. However, somet...
04/08/2026

Many businesses still build their budget once a year and rarely revisit it until the next planning cycle. However, sometimes it is worth remembering that business doesn't stand still.

Markets shift, costs fluctuate, customer demand changes and new opportunities emerge throughout the year. Therefore a budget created months ago may no longer reflect today's reality.

That's why more organisations are complementing annual budgeting with regular forecasting and budget reviews. It helps leaders make decisions based on current data, not outdated assumptions. It should not be just a document created once a year but be a tool that helps your business adapt and grow. 💪

Behind every confident business decision is accurate financial data, reliable processes and people who make sure everyth...
30/07/2026

Behind every confident business decision is accurate financial data, reliable processes and people who make sure everything runs smoothly.

Here at Definra, we help businesses simplify and strengthen their finance operations - from accounting and payroll to financial reporting and back-office support. So your team can spend less time managing processes and more time focusing on growth.

🔎 Looking for a trusted partner to support your finance operations?

Explore our services and discover how we can help: https://definra.lt/

Keeping up with regulatory changes is just as important as keeping up with technology.Our Senior Accountant, Gintarė Bar...
27/07/2026

Keeping up with regulatory changes is just as important as keeping up with technology.

Our Senior Accountant, Gintarė Bartninkienė, recently attended a professional training session covering the latest updates related to company vehicles and shared two practical reminders that many businesses should keep in mind.🔽

→ Vehicle depreciation rules now depend on CO₂ emissions

Since January 2025, the amount of a passenger vehicle's acquisition cost that can be deducted for tax purposes depends on its CO₂ emissions. This means that two vehicles with the same purchase price may have very different tax treatment depending on their environmental impact.

For companies investing in or renewing their fleet, this is an important factor to consider alongside the purchase price.

→ Fuel and electricity consumption must be technically justified

Businesses can base consumption norms on the manufacturer's specifications, but they may also establish their own methodology, for example through test drives under real operating conditions. Whatever approach is chosen, the consumption standards must be technically supported. This directly affects how fuel and electricity expenses are treated for tax purposes.

Small regulatory changes like these can have a significant financial impact over time. Staying informed helps businesses make better decisions and avoid unnecessary costs.

Is profit the most important number in your business? The simple answer is: not always. 👀While profit is an important me...
23/07/2026

Is profit the most important number in your business? The simple answer is: not always. 👀

While profit is an important measure of performance, it rarely tells the whole story. Looking at a single metric can hide challenges (or opportunities) that become visible only when you consider the bigger picture.

For example:
→ Cash flow shows whether the business has enough liquidity to operate and grow.
→ Gross margin reveals how efficiently products or services generate value.
→ EBITDA helps assess operational performance by excluding financing and accounting effects.

No single KPI can tell the full story; the best business decisions come from understanding how the numbers work together and not from focusing on just one.

Address

Karaliaus Mindaugo Prospektas 35
Kauno
44307

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 15:00

Telephone

+370 654 81936

Website

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