Everything you need to run your business.
From bank connections to HMRC submissions, Penny handles your entire bookkeeping workflow — whether you're a sole trader, limited company, landlord, or contractor.
1
Connect your bank
Link via Open Banking in 60 seconds. Transactions sync automatically.
2
Let Penny do the work
AI categorises 95%+ of transactions. Send receipts via any channel.
3
Submit to HMRC
VAT returns and Self Assessment filed direct. One click to submit.
CORE BOOKKEEPING
The foundation. Built properly.
Transactions
Every transaction categorised before you log in.
All bank transactions synced automatically via Open Banking. Penny categorises, splits, and reconciles with AI assistance. Full audit trail on every change. You review exceptions only — not every line.
Receipts
Snap it. Send it. Penny does the rest.
Photo on any channel or forward an email. Penny extracts merchant, amount, date, and VAT automatically — then matches it to the right transaction. No manual data entry. Ever.
Bank Connections
Connected in 60 seconds. Syncing forever.
Connect your existing bank via Open Banking instantly. No need to switch banks. Transactions sync automatically with health monitoring that alerts you if a connection drops.
Invoicing
Professional invoices in seconds.
Create professional invoices with VAT calculated automatically. online payment links let clients pay instantly. Batch PDF download — something no other UK bookkeeping platform offers.
TAX & COMPLIANCE
HMRC never catches you off guard.
Tax Position
Your tax bill. Live. Right now.
Income Tax, National Insurance Class 2 and Class 4, and VAT calculated in real time as transactions flow in. No year-end surprises. No spreadsheet guesswork. Penny flags shortfalls before they become problems.
HMRC Submissions
Direct digital handshake with HMRC. No manual re-keying.
Submit VAT returns, Self Assessment (SA100), and Corporation Tax (CT600) direct to HMRC from Accounted. PAYE employment income supported alongside self-employment. Fraud prevention headers, pre-submission anomaly checks, and full audit trail on every submission.
VAT MTD
Quarterly VAT returns that build themselves.
Fully MTD-compatible VAT filing. Every VAT rate covered — standard, reduced, zero, exempt, reverse charge, CIS domestic, EC goods, flat rate. Returns prepared automatically from categorised transactions and submitted direct. HMRC recognised software.
Self Assessment ITSA MTD
The most hated form in the UK. Handled.
SA100, SA103S, SA102, SA105, and SA110 auto-detected and pre-populated from your records. Enter PAYE employment income and it combines automatically. Quarterly updates and end-of-period statements for MTD for Income Tax. HMRC-recognised software. File yourself or with your accountant.
CIS Management
Built for UK contractors and subcontractors. Nothing missing.
Track CIS deductions, verify contractors, calculate labour vs materials split, and generate monthly CIS returns direct to HMRC. Integrates with Self Assessment automatically. If you work in construction, this alone is worth the subscription.
Submissions Dashboard
Every HMRC filing. One calendar. Nothing missed.
A central hub for every HMRC filing — VAT returns, MTD quarterly updates, Self Assessment, CIS monthly returns, and Corporation Tax. Interactive calendar with colour-coded deadlines, status badges, overdue alerts, and filters by type or status. Your accountant sees the same view across all their clients. No other platform at this price includes a dedicated submissions dashboard.
AI & AUTOMATION
Penny never stops working.
Penny AI Bookkeeper
95%+ accuracy. Plain English explanations. Always learning.
Penny categorises transactions using three-tier reasoning — rules, retrieval-augmented generation, and LLM. She explains every decision in plain English and gets smarter the longer you use her. No other platform at this price includes an AI bookkeeper like this.
Messaging Interface
Your books managed from Telegram. No new app needed.
Send receipts, ask questions, log mileage, and manage your books via Telegram, SMS, or Web Chat. The channel you already use every day. No training. No new login. Just message Penny.
Receipt OCR
Even faded handwritten receipts. Penny reads them all.
Advanced optical character recognition powered by AI. Extracts merchant, amount, date, category, and VAT from any receipt. Handwritten, faded, crumpled — if you can photograph it, Penny can read it.
Invoice OCR
Photograph a supplier invoice. Penny creates the expense.
Photograph a supplier invoice or forward it by email. Penny extracts all details automatically and creates a draft expense entry. Smart field mapping, VAT split, supplier matching. Just confirm and file.
Confidence Scoring
You always know exactly how certain Penny is.
Every AI categorisation comes with a confidence score. 98%? Applied automatically. 65%? Flagged for review with full reasoning shown. Nothing gets miscategorised silently. You stay in control without doing the work.
Exception-First Workflow
Spend minutes on bookkeeping. Not hours.
Penny handles every routine transaction automatically. Only exceptions — low confidence categorisations, unusual amounts, unmatched receipts — are surfaced for your review. The average Accounted user spends less than 10 minutes a week on bookkeeping.
Auto Invoice Matching
Payment arrives. Penny matches it. You do nothing.
Penny automatically matches incoming payments to outstanding invoices. Partial payments, overpayments, and multi-invoice settlements all handled. Your invoice list stays clean without you touching it.
Auto-Categorisation
Three layers of AI. 95%+ accuracy. Every time.
Three-tier reasoning: rules engine handles 95% of transactions instantly, retrieval-augmented generation handles 4%, LLM handles the remaining 1%. The right tool for every transaction type. Fast where it can be. Smart where it needs to be.
LIMITED COMPANY & CONTRACTORS
Built for how limited companies actually work.
Corporation Tax
Know your CT bill every single month. Not just at year end.
Real-time corporation tax calculation with marginal relief applied automatically. Submit your CT600 return direct to HMRC from within Accounted. Penny tells you exactly how much to set aside each month. No year-end shock. No scrambling for cash when the bill arrives.
Dividends
Always know your distributable reserves before you pay yourself.
Track dividend payments, generate proper vouchers with unique references, and see your distributable reserves in real time. Penny models the most tax-efficient salary and dividend combination for your situation every tax year.
Director's Loan Account
Section 455 warnings before they cost you money.
Track money between you and your company with a clear running balance. Penny flags when your loan account approaches the £10,000 benefit-in-kind threshold and calculates Section 455 tax exposure on overdrawn balances automatically.
IR35 Assessment
Contractors only get one chance to get IR35 right.
Built-in IR35 status checker aligned to HMRC's actual CEST criteria. Assess each contract individually. Inside, outside, or borderline result with full reasoning shown. Renewal reminders before each new contract starts.
PROPERTY & LANDLORDS
Section 24 catches most landlords off guard. Penny doesn't let that happen.
Property Management
Multiple properties. One dashboard. Nothing missed.
Manage multiple rental properties, track income and expenses per property, handle Section 24 finance cost restriction automatically. Furnished Holiday Let detection. Foreign property with currency conversion. Dedicated landlord tools — not a workaround.
Rent-a-Room Relief
£7,500 tax-free. Penny tells you if you qualify.
Earn up to £7,500 tax-free by renting a furnished room. Penny compares the Rent a Room Scheme against actual expenses and tells you which saves you more. Calculated automatically — no spreadsheet needed.
CALCULATORS & TOOLS
The tools your accountant uses. Now yours.
Work From Home Calculator
Simplified or actual. Penny picks the larger claim.
Compare simplified expenses (£6/week) vs actual costs and claim whichever saves you more. HMRC-compliant calculations with Penny's recommendation shown clearly. Updated automatically as your costs change.
Mileage Tracking
45p a mile. Log it in seconds. Claim every mile.
HMRC approved rates — 45p for the first 10,000 miles, 25p after. Log trips by message to Penny or in the app. Every mile tracked and included in your Self Assessment automatically.
Business Task Manager
Tell Penny your tasks. She tracks them.
Natural language task creation via message. Due dates, reminders, and daily digest. Financial tasks created automatically from your bookkeeping — overdue invoices, upcoming deadlines, missing receipts. Your whole business organised.
Smart Reminders
The right reminder. The right channel. The right time.
Daily morning digest, HMRC deadline reminders, transaction nudges, and bank connection alerts. Delivered via Telegram, SMS, email, or push notification — whichever you prefer. Never miss a deadline again.
Multi-Business Support
Sole trader, limited company, and landlord. One login.
Manage multiple business entities under a single login. Separate books, separate tax positions, separate deadlines — all in one place. Switch between entities in one click. Penny knows which business she's working on.
Payroll Documents
P45, P60, payslips, dividend vouchers — all generated.
Payslips, P45 leavers, P60 year-end summaries, and dividend vouchers — all generated directly from your Accounted data. Export as PDF. Every document your employees and HMRC expect, ready in seconds.
Seasonal Tax Nudges
Pension top-up before April. Use-it-or-lose-it allowances. Penny reminds you.
At key points in the tax year, Penny automatically prompts you about time-sensitive actions — pension top-ups before April 5th, payment on account reminders, annual allowance windows. The prompts most people miss. Penny never misses them.
Tax Efficiency Recommendations
Penny finds the savings. You keep the money.
Penny reviews your financial position throughout the year and proactively flags tax-saving opportunities — pension contributions, allowable expenses you may have missed, timing of income and expenditure. Proactive. Automatic. Included.
Supplier Spend Analysis
See exactly where your money is going.
Every supplier, every category, every pattern — visible in one view. Identify your top spend categories, spot unusual patterns, and get Penny's recommendations on where you could reduce costs. Knowledge is the first step to saving money.
REPORTS & ANALYTICS
Reports your accountant will actually respect.
Profit & Loss
FRS 102 compliant. Updated in real time.
FRS 102 Section 1A compliant P&L reports. Compare periods, drill into categories, and export to PDF or Excel. Not a static snapshot — updated live as every transaction is categorised.
Balance Sheet
Assets, liabilities, equity. Always current.
Full balance sheet with assets, liabilities, and equity. Period comparisons, drill-down capability, and export to PDF or Excel. Your accountant sees the same view in real time.
Trial Balance
One-click export. Your accountant will thank you.
Complete trial balance report with debit and credit columns, period filtering, and one-click export. Everything your accountant needs for year-end, ready before they ask for it.
Cash Flow Statement
See where your money went.
Monthly cash flow statement showing income, expenses, and running balance. Compare periods, spot trends, and understand your cash position at a glance. Export to PDF or Excel for your accountant.
Export to Accountant Software
No lock-in. Export anytime. Leave anytime.
Export your data in Xero, Sage, or QuickBooks format at any time. Moving to Accounted is easy. If you ever want to leave, your data leaves with you. We're confident enough not to need lock-in.
ACCOUNTANT PORTAL
A complete practice management platform. Free. Forever.
Every accountant whose clients use Accounted gets full practice management tools at no cost. No per-seat charges. No add-ons. No surprises.
Practice Dashboard
Every client. Every health score. One view.
A single dashboard showing all clients, their health scores, outstanding exceptions, and upcoming deadlines. Penny surfaces what needs attention — you don't go looking for it. It comes to you.
Review Queue
Every exception across all clients. One prioritised queue.
Every transaction Penny flags across your entire client base lands in one queue. Accept, reject, or override with one click. Full audit trail on every decision. Critical items surface automatically — routine items handled by Penny.
Practice Manager
Every job tracked. Nothing falls through the cracks.
Full job tracking across your practice. Kanban board with To Do, In Progress, Review, and Complete columns. Time estimates, overdue alerts, and team workload distribution. Xero charges extra for Practice Manager. Ours is free.
Workpapers
Workpapers that fill themselves.
Year-end working papers auto-populated from client records. Penny fills in the figures, flags anomalies, and generates a review-ready pack. What used to take hours takes minutes. Xero charges extra for workpapers. Ours are free.
Year-End Pack
One click. Complete year-end pack. Done.
Cover Page, P&L, Balance Sheet, Trial Balance, Accountant's Report, Notes to Financial Statements, and bank statements. Professional PDF, up to 20 pages. Generated in seconds. Sage charges for this. We include it.
Cross-Client Submissions Dashboard
Every client filing. One view. Nothing slips.
See every HMRC submission across your entire client base — VAT, ITSA quarterly, SA100, CIS, CT600 — in one calendar and table view. Filter by client, filing type, or status. Overdue filings surface automatically. No other accountant portal includes a cross-client submission tracker at this level.
Tax Calendar
Every client deadline. Colour-coded. Nothing missed.
Practice-wide deadline tracking across every client — VAT returns, Self Assessment, CIS, PAYE RTI, Corporation Tax. Colour-coded by urgency. Automated alerts before anything goes overdue.
Engagement Letters
Unlimited engagement letters. Sage charges per document. We don't.
Generate compliant engagement letters in minutes using six templates. Auto-populated from client data, editable, e-signature tracking, renewal alerts. Unlimited. Included. Free.
KYC & AML Assessments
AML compliance that doesn't take all day.
Structured AML risk assessments with auto-calculated risk ratings — Low, Medium, or High. Five-section form. Verified against Companies House. PDF export. Clients flagged automatically when reassessment is due.
Bulk Client Communications
Message all your clients in one action.
Send messages to all clients or filtered segments via Telegram, SMS, or email simultaneously. Deadline reminders, seasonal nudges, practice updates. All tracked and logged per client.
Multi-User Access
Your whole team. The right permissions. Nothing leaks.
Invite your entire team with role-based access control. Owner, Partner, Manager, and Staff roles. See workload distribution across the team on the Practice Dashboard. Junior approval workflow ensures nothing files without senior sign-off.
Document Request Tracking
Send the request. Track the response. Stay organised.
Send document requests to clients via Telegram, SMS, or email directly from the portal. Track sent, viewed, uploaded, and overdue status at a glance.
Smart Alert Routing
Critical items go to the right person instantly.
Penny routes alerts intelligently — critical items go directly to the responsible partner, routine items to the assigned team member. Nothing falls through the cracks. Nothing lands with the wrong person.
See how we stack up.
Feature-by-feature comparisons against Xero, FreeAgent, QuickBooks, Sage, Coconut, and ANNA.
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