Top 5 Accounting Software Providers for UK Small Businesses in 2021

Originally written by Nick Ismail about Small Business

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

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How are these top 5 composed?

These accounting software providers are selected based on the type of business for which they are designed, (expert) reviews, and the capabilities and features.

Important functions are outstanding payment reminders, the link with the tax authorities (for electronic VAT and IB returns), the use of mobile apps to submit receipts and other documents, and time registration.

Accounting Software Vendor Choices: What Do I Need To Consider?

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

1. Your business form

Accounting programs target certain types of business. Some are more suitable for the self-employed, while others are better suited for those dealing with more complex financial challenges for larger companies. So look for software suppliers who have a broad customer base on your business form.

2. Number of billable customers

See the number of Billable Customers that can be used within the program. A number of providers have limits on this and you have to pay more if you want to send more.

3. Your budget

Typically, you will pay around 10 to 20 euros per month for a good bookkeeping program. For complex administration where you also do warehouse management and have a lot of depreciation, for example, you can look at an SME accounting program.

4. Integration with other software

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

important functions

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

● Bank details (for importing bank statements and for linking, for example, outstanding invoices)

● Sending payment reminders

● Link with the tax authorities (for electronic VAT and IB declarations)

● Mobile app for submitting receipts and other documents

● Time registration (pay attention to how many hour lines you can save

● Travel registration

● Income statement

● Create offers and convert them into invoices

Top 5 Accounting Software Providers for UK Small Businesses in 2021

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