26 January 2026 | Monday | News
Picture Courtesy | Public Domain
Better Business Advice has published its 2025 assessment of digital bookkeeping tools used by UK enterprises, highlighting QuickBooks as one of the leading solutions supporting financial management and regulatory compliance for small and medium-sized businesses. The recognition underscores the growing importance of cloud-based accounting systems in helping UK businesses streamline processes, maintain accurate records, and gain real-time financial visibility.
As bookkeeping and financial administration continue to shift away from spreadsheets and manual workflows, UK businesses are increasingly adopting automated, cloud-native platforms that provide integrated oversight across income, expenses, compliance, and reporting. Developed by Intuit, QuickBooks offers a comprehensive set of tools designed to support businesses ranging from sole traders to limited companies.
In its evaluation, Better Business Advice assessed platforms based on their automation of financial tasks, support for HMRC-mandated digital filing requirements, integration with bank accounts and third-party applications, reporting capabilities, and scalability for growing organizations. QuickBooks performed strongly across these criteria, particularly for its ability to streamline administrative workloads while supporting compliance with Making Tax Digital (MTD) for VAT. The platform is officially recognized by HMRC and enables users to prepare and submit VAT returns electronically.
Automation, Compliance, and Reporting
QuickBooks integrates directly with business bank accounts through secure bank feeds and open banking connections, allowing transactions to be automatically imported, categorized, and matched in real time. This reduces manual data entry and helps businesses maintain accurate, up-to-date financial records.
For VAT-registered businesses, the software simplifies compliance by calculating tax liabilities, checking for potential errors, and supporting direct submission to HMRC. Additional features, including receipt capture, invoice management, and expense categorization, help businesses maintain audit-ready records and support quarterly reporting requirements.
The 2025 assessment highlights QuickBooks’ role in helping UK SMEs modernize their financial operations, improve visibility into cash flow and performance, and stay aligned with evolving regulatory standards through reliable, cloud-based bookkeeping technology.
Fintech Business Asia, a business of FinTech Business Review
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