FreeAgent Alternative

More than free. Better than free.

FreeAgent is solid if you're with NatWest. Accounted works with every bank and adds AI.

Feature	Accounted	FreeAgent
AI Bookkeeper	Penny — named AI, proactive guidance, all tiers	Basic auto-categorisation only
Messaging Receipt Scanning	Telegram/SMS at launch	Not available
Bank Feeds	Included	Included
Receipt OCR	Included	Included
Invoicing	Professional tier £24	Included
Bulk Invoice Operations	ZIP download, bulk email, bulk mark paid	Not available
MTD VAT Submissions	Starter £14	Included
MTD Income Tax (ITSA)	Included	Included
CIS Management	Professional £24	Basic CIS support
Corporation Tax	Business £34 — in-product with marginal relief	Basic limited company accounts
Payroll with RTI	Complete £44	Basic payroll
Free Accountant Portal	Free forever — practice suite, KYC/AML, tax calendar	Practice portal with HMRC agent submissions
HMRC Submission Receipts	PDF receipt download, confirmation email	Not available
Section 24 Tax Intelligence	Business £34 — Penny surfaces S24 tax consequence	Record finance costs only, no tax intelligence
Founding Member 50% Off for Life	50% off locked for life	Not available

AI Bookkeeper

Accounted

Penny — named AI, proactive guidance, all tiers

FreeAgent

Basic auto-categorisation only

Messaging Receipt Scanning

Accounted

Telegram/SMS at launch

FreeAgent

Not available

Bank Feeds

Accounted

Included

FreeAgent

Included

Receipt OCR

Accounted

Included

FreeAgent

Included

Invoicing

Accounted

Professional tier £24

FreeAgent

Included

Bulk Invoice Operations

Accounted

ZIP download, bulk email, bulk mark paid

FreeAgent

Not available

MTD VAT Submissions

Accounted

Starter £14

FreeAgent

Included

MTD Income Tax (ITSA)

Accounted

Included

FreeAgent

Included

CIS Management

Accounted

Professional £24

FreeAgent

Basic CIS support

Corporation Tax

Accounted

Business £34 — in-product with marginal relief

FreeAgent

Basic limited company accounts

Payroll with RTI

Accounted

Complete £44

FreeAgent

Basic payroll

Free Accountant Portal

Accounted

Free forever — practice suite, KYC/AML, tax calendar

FreeAgent

Practice portal with HMRC agent submissions

HMRC Submission Receipts

Accounted

PDF receipt download, confirmation email

FreeAgent

Not available

Section 24 Tax Intelligence

Accounted

Business £34 — Penny surfaces S24 tax consequence

FreeAgent

Record finance costs only, no tax intelligence

Founding Member 50% Off for Life

Accounted

50% off locked for life

FreeAgent

Not available

What Accounted does that FreeAgent doesn’t

Works with every bank

FreeAgent is free with NatWest/RBS. Accounted works with every UK bank via Open Banking.

Penny AI bookkeeper

Proactive AI that categorises, creates invoices, and reminds you about deadlines — not just auto-categorisation.

Messaging receipt scanning

Send receipts via Telegram or SMS and Penny handles the rest. No app required.

HMRC submission with proof

Every filing returns an HMRC reference number you can download as a PDF receipt.

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Accounted vs FreeAgent FAQ

FreeAgent is free with NatWest, RBS, and Ulster Bank business accounts. Otherwise it requires a paid subscription. Accounted starts at £14/month with an AI bookkeeper included.

Yes — sign up in under 2 minutes, connect your bank via Open Banking, and Penny imports and categorises your transactions. Your accountant joins for free.

Yes — Accounted is HMRC-recognised MTD software. We file VAT returns, Self Assessment, CIS monthly returns, and RTI payroll directly to HMRC. Every submission returns a reference number you can download.

No. Your accountant gets a free portal with full client visibility, AI workpapers, and bulk operations. No partner programme, no certification, no per-client fees. Ever.

From £14/month for Starter. Professional is £24/month. Business is £34/month. Complete with payroll is £44/month. No add-on fees for CIS, Corporation Tax, or accountant access.