Accounting software has become a crucial tool for businesses of all sizes and types, with a wide variety of vendors to choose from. Finding the right accounting software package that suits your company’s needs is essential for efficient financial management.
To assist you in making this important investment, here are the top 5 accounting software providers for small businesses in the UK:
1. Sage
Sage offers dedicated support for small businesses, making it a popular choice among entrepreneurs. With 90% off for the first 12 months, Sage Accounting is HMRC-recognized and Making Tax Digital (MTD) compatible. Say goodbye to endless admin tasks with Sage Accounting’s cloud solution powered by AI automation, allowing you to manage your finances from anywhere. Pricing starts from £18 per month (excluding discount).
2. Moss
Moss provides automated accounting with over 100 integrations to streamline your workflows. By seamlessly integrating Moss with your existing systems and tools, you can simplify your bookkeeping and close each month on schedule. Pricing for Moss is available on request.
3. Xero
Xero offers 24/7 support and automatic CIS reports, making it a reliable choice for small businesses. With 90% off for six months, Xero’s intuitive interface allows you to handle bills, track expenses, and reclaim VAT with ease. Clear dashboards and dynamic graphs make managing your finances a pleasure. Pricing starts from £16 per month (excluding discount).
4. Tide
Tide provides automated profitability insights and simplifies your bookkeeping and daily admin tasks. Connected directly to your Tide business account, Tide makes it easy to submit returns, generate reports, and manage your finances in one place. Pricing for Tide starts from £5.99 per month.
5. FreshBooks
FreshBooks offers an intuitive user experience with unlimited quotes and invoices, even on the basic plan. With automated banking and tax support, FreshBooks allows you to manage all your bookkeeping and client needs efficiently. Pricing for FreshBooks starts from £7.50 per month.
When selecting an accounting software provider, consider your business form, the number of billable clients, your budget, and integration with other software. Important functions to look for include a bank link for importing statements, sending payment reminders, linking with Tax Authorities, mobile app support, time registration, and more.
For further resources, check out the best accounting software for sole traders, medium-sized businesses, and myths about Making Tax Digital. Choose the accounting software provider that best fits your business needs and budget to streamline your financial management processes.