FreeAgent vs QuickFile

FreeAgent is accounting software for business administration, invoicing, expenses, tax reporting and business reports. It builds real-time accounts from bank statements, invoices and expenses, with Profit and Loss, Balance Sheet and Trial Balance reports. Users can create recurring invoices, automate late-payment reminders, turn estimates into invoices and accept payments through Stripe and PayPal. FreeAgent can generate MTD-compatible VAT returns and file them directly to HMRC; payroll calculates PAYE and National Insurance and can submit Real Time Information payroll to HMRC. Its iOS and Android apps cover expense recording, time tracking, invoice management and bank transaction reconciliation. It supports bank feeds from most UK banks via Open Banking and connections to HMRC for MTD VAT. The software is designed for small businesses, accountants and bookkeepers. A free plan is listed, alongside paid plans such as Sole trader at £10 a month and Limited company at £33 a month. Smart Capture includes up to 10 receipts and bills per month as standard; a paid Unlimited add-on removes that cap.

QuickFile is an accounting service with Android and iOS mobile apps. It provides bank feeds, automated reconciliation, invoice creation, receipt capture and accountant access. Inventory tracking is not included. The Free (XS) plan costs nothing and allows up to 200 ledger entries. Accounts with 201 or more ledger entries use the Paid (S–XL) plan at £60 a year, billed annually; the pricing page shows £60 plus VAT per year, and account sizes and feature access vary. An optional Automated Bank Feeds plan costs £15 a year, also billed annually, with £15 plus VAT shown on the pricing page. The mobile apps cover both listed mobile platforms, while the accounting features focus on routine ledger, invoice, receipt and bank-feed work. The entry limit separates the free and paid tiers.