Small Business Accounting Software HMRC is the free software that ensures small businesses stay compliant and pay less tax. Available online, this accounting software provides a hassle-free way for small firms to record income and expenses, save money using powerful tax-saving tools and submit their tax return with the click of a button. HMRC recommends this for UK business.
Free accounting software for small business in UK. HMRC Small Business Online Assessment, free small business accounting software from HMRC to help you run a more efficient and profitable business and get you to grips with bookkeeping best practices.
Xero: Best for Growing Businesses
XeroXero offers more than 700 app integrations to manage all aspects of your business.You get support via email and live chat 24 hours a day.Xero isn’t as well known as QuickBooks, which may affect your accountant’s learning curve.COMPARE QUOTES
Although many businesses start small, they don’t always stay that way. You want accounting software that can grow alongside your business, and Xero does exactly that.
Xero might grab your attention with its low-cost Early plan account but look closely and limitations soon become apparent – like being restricted to sending a maximum of five invoices, entering five bills, or reconciling only 20 bank transactions.
Still, if you can live with those restrictions there are some pluses here. The service offers smart expense tracking and management, optionally on your mobile with Xero’s excellent app for Android and iOS. There are dozens of configurable reports, simple budgeting, and no limits at all on additional users or the accountants you might want to access the data.
If the invoice, bank or billing issues are a problem then the Xero Growing plan looks like a better deal. It’s a lot more money, but you can issue as many invoices and enter as many bills as you like.
Xero offers plenty of functionality for any small business, including a handy “convert your QuickBooks files” service to help you get started, and it’s certainly easy to use. But if you don’t quite need all that power, there’s better value to be had elsewhere.
Xero – Best SMB accounting software for extra features
Xero has built up its cloud-accounting services substantially in recent years and how has an easy to use package that can be tailored to suit the needs of small business owners, accountants and bookkeepers alike. Central to its universal appeal is a simplistic dashboard design that lets multiple users makes use of its many and varied features and functions. The accountancy package is additional appealing thanks to several extra features that include expense and project tracking. Start a 30-day free trial.
Editor’s score: 8.5/10
ZarMoney: Best for Transparent Pricing
ZarMoneyThe ZarMoney website clearly lays out pricing.ZarMoney connects with more than 9,600 banks in the U.S. and Canada to automatically import bank transactions.You can’t send recurring invoices yet.COMPARE QUOTES
With ZarMoney, there are no secrets about pricing. The company’s website states exactly how much you’ll pay monthly, which is why we chose it as our pick for the best accounting software for transparent pricing. Far too often, it’s hard to determine how much an accounting program will cost, making it difficult to comparison-shop. ZarMoney, by contrast, prides itself on being straightforward, and that’s reflected in the clearly laid-out pricing plans.
Editor’s score: 8.25/10
“Although the program is very easy to download and use by students it is by no means just a learning tool. It is being used seriously by hundreds of clubs, trusts, and businesses of all sizes around the world to maintain their general ledger accounts“. LedgerLite
**Update** – Ledger has now changed to LedgerLite. You can still download the software immediately, and use it as an unregistered user for 30 days, and then pay a $50 one-time fee, no more charges after that, the ongoing cost is free.
This program is fantastic for learning double-entry bookkeeping because you have to manually enter both sides of each entry.
LedgerLite is compatible with all versions of Windows including Windows emulators for the Mac.
It is a very good, simple and unique program for small businesses and for students wanting to practice entering debits and credits. You can upgrade to LedgerPlus for invoicing, stock control, customer accounts.
What you get with LedgerLite
- A cashbook: where you enter the transactions off your bank statement.
- Chart of Accounts: that you can change to suit your business.
- Entries: a second way you can enter transactions showing on your bank statement, or for journaling entries from one account to another if you have made a mistake.
- A ledger: that lays out the detail of each account that you have made entries to
- Income statement report: showing if the business has made a profit or a loss
- Balance sheet: showing the worth of the business.
- Cash flow statement: showing the flow of cash in and out of the business
- Online help and support
- The option to unlock, for a small fee, some of the locked features such as a ledger listing, trial balance and other. A new, small business can get by without these options – it is not necessary to unlock them.
- The option to upgrade, for a price, to LedgerPlus which has everything a business can use from sales invoicing, accounts receivable and payable, stock control, asset schedule, depreciation etc.
You will see the download icon on their home page – just click on it to install the software to your computer’s hard drive.
Most comprehensive accounting software for small business
REASONS TO BUY
+Even basic plan is well-featured+Lots of extras available+Free trial
REASONS TO AVOID
-Several versions-Deals change frequently-Lots to learnAdvertisement
QuickBooks is an instantly recognizable name in the world of accountancy and bookkeeping. It’s owned by Intuit, which also has other options for small business and large ones too, with a diverse portfolio that includes Turbotax, Mint and Proconnect. QuickBooks also comes in numerous different varieties, from desktop editions through to the hugely popular Online edition.
Depending on your requirements, you can choose from QuickBooks Online, QuickBooks Self-Employed, QuickBooks Online Advanced, QuickBooks Live Bookkeeping, QuickBooks Desktop for Mac, QuickBooks Desktop Pro, QuickBooks Premier and QuickBooks Enterprise. However, it is possible to create a custom package using the help of the QuickBooks team if you need a more bespoke option.
Due to the sheer expanse of QuickBooks-based products it’s best to check out the website in order to get the latest update on pricing, versions available and also any deals that Intuit has on this vast range of accounting solutions.
QuickBooks – Best accounting software for all SMB needs
QuickBooks benefits from having the muscle of Intuit behind it, a large software company that has helped it become one of the leading lights in the world of accountancy software. While there’s cloud-based convenience there are also variations on the theme, depending on what kind of business accounting needs you have. Small and medium-sized businesses will find it comes bristling with lots of features and there’s also 50% off for 3 months.
Best small business accounting solution for multiple users
REASONS TO BUY
+Good value proposition+Neatly presented and easy-to-use+Impressive customer support
REASONS TO AVOID
-Basic options quite limited-Paid for means more to learn-Steepish learning curveAdvertisement
Sage Accounting makes a good first impression with its clear and gimmick-free pricing. The top Sage Accounting plan offers decent value and there is also a 30-day free trial.
For this, you get modules to manage quotes, invoices, handle and submit VAT online, smart bank feeds and reconciliation, cash flow forecasting, some detailed reports, multiple currency support, project tracking and more, all available from your desktop or via a mobile app.
All this is well presented and generally easy-to-use. If you run into trouble, detailed web help and video tutorials are only a click or two away, with the offer of “free unlimited 24/7 telephone and email support” that should help make any newbie comfortable.
Sage also has a more basic offering called Accounting Start. This doesn’t include support for quotes, estimates or vendor bills, and has no cash flow forecasts, but it could be enough for start-ups as well as small businesses.
Read our full Sage Accounting review.
Sage – Best SMB accounting solution for multiple users
Sage delivers a slick but simple to use accountancy package that will appeal to small businesses. The British company has been for 40 years or so, and as a result has evolved its software to suit the needs of a very diverse portfolio of customers. The great thing about this package is its flexibility and can be configured so that multiple users can make use of its many and varied accounting tools. Buy now and save 70%.
Small Business Accounting Software HMRC is a revolutionary accounting software solution, providing all of the features you need in order to effectively manage your small business. With absolute simplicity at its heart, HMRC software makes managing your accounts simpler than ever before.