Choosing accounting software is one of the most important early decisions for any business. The right tool can save hours of admin, improve accuracy, and help you stay compliant with Making Tax Digital (MTD).
Here’s what to consider before choosing your platform.
1. Key Features to Look For
When comparing options, focus on:
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- Cloud access – work anywhere, anytime.
- Bank feeds – automatic transaction import.
- VAT compliance – MTD-ready submissions.
- Invoicing – create, send and chase invoices.
- Reporting – understand performance at a glance.
2. Popular Accounting Platforms Compared
| Software | Good For | Key Strengths |
| Xero | SMEs & growing businesses | Powerful automation, wide integrations |
| QuickBooks Online | General small business use | Simple interface, strong reporting |
| FreeAgent | Freelancers & contractors | Built for one-person businesses |
| Sage Business Cloud | Established firms | Strong traditional features |
| Zoho Books | Budget-conscious startups | Affordable, integrates with Zoho suite |
3. Common Mistakes to Avoid
- Overpaying for features you don’t need – choose software that fits your size.
- Ignoring scalability – will it still work when you grow?
- Not syncing with your accountant – ensure your advisor can access your data easily.
4. Our Recommendation
At GMT Accounting, we support Xero, QuickBooks, FreeAgent and more, helping clients get the best from their systems. Whether you’re just starting out or ready to migrate from spreadsheets, we can handle setup and training.
Thinking about switching systems?
Talk to us before you commit — we’ll match you with software that fits your business and your budget.