Accounting software is one of the most widely used digital business tools. About 80% of UK SME employers that use digital tech use accounting software (source: GOV.UK), although the smaller the business, the less likely that is. Only a third of the UK’s solo self-employed use accounting software. Some don’t realise the benefits accounting software can bring or they mistakenly believe it to be expensive and difficult to use. Other business owners won’t be shifted away from ma

Accounting software remains one of the most widely used digital tools among UK SMEs. When it comes to those with employees that use digital technologies, an estimated 80% use accounting software (source: GOV.UK), but that figure plummets to just 33% for the solo self-employed. UK businesses are required by law to keep detailed accurate records of their income and costs. HMRC can conduct compliance checks and fine businesses for poor record-keeping. About a quarter of small