Better Business Advice has published its 2025 assessment of digital bookkeeping tools used by UK enterprises and highlighted QuickBooks as one of the leading solutions supporting financial management and regulatory compliance for small and medium-sized businesses. This showcases the role of cloud-based systems in providing streamlined processes, comprehensive reporting, and up-to-date financial visibility for UK businesses.

QuickBooks - a cloud-based accounting software that helps UK businesses manage bookkeeping, VAT compliance, and financial reporting

Bookkeeping and financial administration remain core functions for UK businesses of all sizes. As activity shifts from spreadsheets and manual entry toward automated, cloud-native systems, tools that provide integrated visibility across income, expenses, compliance, and reporting are becoming central to business operations. QuickBooks, developed by Intuit, offers features tailored to the needs of users across sectors from sole traders to limited companies.

Better Business Advice evaluated automation of financial tasks, support for HMRC-mandated digital filing requirements, integration with accounts and third-party applications, reporting capabilities, and scalability for growing businesses. QuickBooks excelled across these areas, offering features that streamline administrative tasks and support compliance with Making Tax Digital for VAT. QuickBooks is recognized by HMRC for MTD and allows users to prepare and submit VAT returns electronically.

QuickBooks integrates bank feeds directly with accounting records, enabling automatic import and categorization of transactions. Transaction matching and coding reduce manual effort and help maintain up-to-date records. Open banking connections allow real-time synchronization with business bank accounts.

The software streamlines compliance processes for VAT-registered businesses, calculating tax liabilities, checking for errors, and enabling direct submissions to HMRC. It also helps organize receipts, manage invoices, and categorize expenses to support audit-ready records and quarterly reporting cycles.