Top 5 accounting software providers for UK small businesses in 2021

Looking for a new accounting software provider for your UK small business? Here are 5 accounting software providers to choose from

Check out this list of the top 5 accounting software providers for UK small businesses in 2021.

 

How is this top 5 composed?

These accounting software providers are selected based on the business type for which they were developed, (expert) reviews and the possibilities and functions.

Important functions include pending payment reminders, linking with the Tax Authorities (for electronic VAT and IB returns), the use of mobile apps for submitting receipts and other documents, and time registration.

Choice for accounting software providers: what should I take into account?

The range of accounting software providers is wide. How do you make a wise choice? There are a number of things that you have to take into account when choosing.

1. Your business form

Accounting programs aim for specific business forms. Some are more suited for self employed people and some are better for those handling more complex financial challenges for bigger companies. So look for software suppliers that have a broad customer base within your business form.

2. Number of billable clients

Take a good look at the number of billable clients that can be used within the program. With a number of providers this is limited and you have to pay more if you want to send more.

3. Your budget

Usually you pay about 10 to 20 euros per month for a good accounting program. For a complex administration in which, for example, you also do stock management and have a lot of depreciation, you can look at an SME accounting program.

4. Integration with other software

Do you also use software for, for example, payments on your website or do you keep track of your customer contacts in a CRM package? If so, see if a link is possible. That makes it much more convenient.

Important functions

In addition to the above, you can select an accounting program based on the functions that are important to you. For example, think of:

  • Bank link (for importing bank statements and linking to, for example, outstanding invoices)
  • Sending payment reminders
  • Link with the Tax Authorities (for electronic VAT and IB returns)
  • Mobile app for submitting receipts and other documents
  • Time registration (pay attention to how many ‘hour lines’ you can save
  • Journey registration
  • Profit and loss account
  • Create quotations and convert them to invoices

Related Topics

Accounting