What Software Do Most Accountants Use?

Today’s accountants rely on software to manage finances efficiently. Whether it’s bookkeeping, tax reporting, or payroll, the right tools make it easier to stay accurate and compliant. Here's a brief look at the most widely used platforms in the accounting world:

1. Xero

A favourite among small businesses and accountants, Xero is known for its user-friendly interface and strong integrations. It supports invoicing, bank reconciliation, payroll, and VAT submissions.

2. QuickBooks Online

QuickBooks is widely used by sole traders and small business owners. It includes features like expense tracking, invoicing, payroll, and Making Tax Digital (MTD) compliance. Many accountants are certified in it.

3. Sage Business Cloud

Sage has a long history in UK accounting. The cloud version is popular with firms managing compliance, payroll, and reporting. It’s a solid choice for established small businesses.

4. FreeAgent

FreeAgent is tailored for freelancers and micro-businesses. It includes self-assessment tools, time tracking, invoicing, and simple dashboards. Many accountants recommend it for self-employed clients.

5. Dext (formerly Receipt Bank)

While not accounting software on its own, Dext is often used alongside tools like Xero and QuickBooks. It captures and organises receipts, simplifying data entry and record-keeping.

Summary

Most accountants use cloud-based tools like Xero, QuickBooks, Sage, and FreeAgent, depending on the client’s needs. These platforms streamline financial tasks and make collaboration easier between accountants and businesses.