๐Ÿ‡ฌ๐Ÿ‡ง UNITED KINGDOM EDITIONUK context. Clear evidence. Better decisions.
system | compare.Choose software with confidence.Cost calculator โ†—

UK SOFTWARE PROFILE

FreeAgent

UK accounting organised around business type, with tax timelines and direct filing workflows.

Evidence checked 15 Oct 2026 ยท Product-level research, not a hands-on review

One product. Different jobs.

Each score uses that category's criteria. Compare products within a category, rather than comparing scores across unrelated tasks.

Pricing & practicalities

Model your total cost โ†—

Published starting point

Accounting software

ยฃ19.00

Sole trader ยท business/month ยท monthly billing
excl. VAT

Ordinary sole-trader ยฃ19 monthly; limited company ยฃ33. Eligible bank customers may receive the subscription free.

Check current price โ†—

Consider before choosing

  • Receipt capture above ten documents needs an add-on.
  • Cash-basis setup omits stock and payroll features.

Connected workflows

  • Stripe
  • GoCardless
  • PayPal
  • Amazon UK

Confirm the integration's direction, permissions, plan and sync behaviour with the supplier.

BEHIND THE AI CLAIM

AI capabilities

Smart Capture extracts receipt data and matches transactions; broader generative AI was not verified.

Documented capabilities

  • Receipt extraction
  • Transaction matching
  • Smart categorisation

Plans, limits & questions

  • Ten captured files monthly included; unlimited capture costs extra.
  • No verified AI assistant controls in this review.
AI evidence โ†—

Feature-by-feature evidence

Accounting software โ€” 20 scored checks

Inside the feature comparison

โœ“ Supported ยท โ— Limited ยท โˆ’ Not supported ยท ? Not verified

Accounting software: feature evidence and contribution to the score
Capability & demo questionFreeAgent35โ€“100/100 documented fit
Core workflowSales invoicing5.0 points available
Ask in the demo

Create and send a VAT invoice with customer details, line items and a due date.

โœ“ Supported

Automated invoicing listed.

5.0 / 5.0 pointsEvidence โ†—
Core workflowBank feeds and reconciliation5.0 points available
Ask in the demo

Import your bank's transactions and reconcile a transfer, fee and customer payment.

? Not verified

Bank feeds verified; the detailed reconciliation workflow was not checked.

0.0โ€“5.0 / 5.0 pointsEvidence โ†—
Core workflowMTD VAT submission5.0 points available
Ask in the demo

Prepare a return for the relevant VAT scheme and show the submission receipt.

โœ“ Supported

Generate and submit MTD VAT returns.

5.0 / 5.0 pointsEvidence โ†—
Core workflowSupplier bills and payment tracking5.0 points available
Ask in the demo

Enter a supplier bill, allocate its VAT and show its outstanding balance.

? Not verified

Not verified in the reviewed material; confirm supplier bills and payment tracking.

0.0โ€“5.0 / 5.0 points
Core workflowFinancial reports and dashboards5.0 points available
Ask in the demo

Drill from a monthly report into its underlying transaction.

โœ“ Supported

Dashboard covers profit, cashflow and tax.

5.0 / 5.0 pointsEvidence โ†—
Core workflowEmployee expense recording5.0 points available
Ask in the demo

Submit a receipt and show its allocation to the right expense category.

โœ“ Supported

Mobile expense recording.

5.0 / 5.0 pointsEvidence โ†—
Core workflowAccountant collaboration5.0 points available
Ask in the demo

Invite an accountant without sharing the owner's credentials.

? Not verified

Not verified in the reviewed material; confirm accountant collaboration.

0.0โ€“5.0 / 5.0 points
Workflow depthRecurring invoices and reminders5.0 points available
Ask in the demo

Schedule a repeat invoice and inspect the reminder history.

โœ“ Supported

Automatic invoices and reminders.

5.0 / 5.0 pointsEvidence โ†—
Workflow depthForeign-currency bookkeeping5.0 points available
Ask in the demo

Invoice in euros and show the realised exchange difference when paid.

? Not verified

Not verified in the reviewed material; confirm foreign-currency bookkeeping.

0.0โ€“5.0 / 5.0 points
Workflow depthProject profitability5.0 points available
Ask in the demo

Allocate time, expenses and invoices to a job and inspect its margin.

? Not verified

Not verified in the reviewed material; confirm project profitability.

0.0โ€“5.0 / 5.0 points
Workflow depthBudget versus actual reporting5.0 points available
Ask in the demo

Set a departmental budget and investigate a variance.

? Not verified

Not verified in the reviewed material; confirm budget versus actual reporting.

0.0โ€“5.0 / 5.0 points
Workflow depthConstruction Industry Scheme workflow5.0 points available
Ask in the demo

Process a subcontractor deduction and show the CIS return or export.

? Not verified

Not verified in the reviewed material; confirm construction industry scheme workflow.

0.0โ€“5.0 / 5.0 points
Workflow depthStock quantities and cost tracking5.0 points available
Ask in the demo

Sell a stocked item and inspect quantity and cost-of-sales changes.

โœ“ Supported

Available with accrual setup; omitted in cash basis.

5.0 / 5.0 pointsEvidence โ†—
Workflow depthFixed-asset lifecycle5.0 points available
Ask in the demo

Add an asset, post depreciation and record its disposal.

? Not verified

Not verified in the reviewed material; confirm fixed-asset lifecycle.

0.0โ€“5.0 / 5.0 points
Workflow depthRole restrictions and period locks5.0 points available
Ask in the demo

Prevent an ordinary user changing a closed period or privileged setting.

? Not verified

Not verified in the reviewed material; confirm role restrictions and period locks.

0.0โ€“5.0 / 5.0 points
Workflow depthTransaction audit history5.0 points available
Ask in the demo

Find who changed an invoice and review the previous values.

? Not verified

Not verified in the reviewed material; confirm transaction audit history.

0.0โ€“5.0 / 5.0 points
Workflow depthData export or documented API5.0 points available
Ask in the demo

Export ledger detail or retrieve invoice data through a documented integration.

? Not verified

Not verified in the reviewed material; confirm data export or documented api.

0.0โ€“5.0 / 5.0 points
AIAI document extraction and categorisation5.0 points available
Ask in the demo

Upload an unfamiliar receipt, review suggested fields and correct a wrong category.

โœ“ Supported

Smart Capture extracts, matches and categorises documents.

5.0 / 5.0 pointsEvidence โ†—
AIAI financial queries or anomaly detection5.0 points available
Ask in the demo

Ask a financial question or inspect a flagged anomaly and verify it against the ledger.

? Not verified

Not verified in the reviewed material; confirm ai financial queries or anomaly detection.

0.0โ€“5.0 / 5.0 points
AIReview and permission controls for AI5.0 points available
Ask in the demo

Use a restricted role and show how AI output is reviewed before an accounting action.

? Not verified

Not verified in the reviewed material; confirm review and permission controls for ai.

0.0โ€“5.0 / 5.0 points

โ€œNot verifiedโ€ means the recorded evidence does not settle this specific check. It does not mean the feature is absent. Read the scoring method.

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