The honest answer: Any HMRC-approved software will work. But some are better than others depending on what you do.
FreeAgent
Best for: UK freelancers and sole traders who want the most hand-holding.
- Cost: From £8.33/month (paid annually) — free with NatWest/RBS
- Pros: UK tax calendar built in, simple interface, great for beginners
- Cons: Less powerful if your affairs get complicated
Xero
Best for: Freelancers with multiple income streams, landlords, people who like clean interfaces.
- Cost: From £30/month
- Pros: Very intuitive, handles multiple business types, great mobile app
- Cons: More expensive, overkill for simple freelancers
QuickBooks
Best for: Freelancers who want powerful features at a mid-range price.
- Cost: From £22/month
- Pros: Powerful, good mobile app, mileage tracking built in
- Cons: Interface takes getting used to
Wave
Best for: Absolute beginners who want to spend nothing upfront.
- Cost: Free
- Pros: Genuinely free accounting software, good invoicing
- Cons: Fewer features, less UK-specific support