Countingup – Everything you need to know

Countingup is a UK-based fintech platform that combines business banking with accounting tools, specifically designed for freelancers, sole traders, and small business owners. Launched in 2017, Countingup aims to simplify financial management for entrepreneurs by integrating essential banking services with automated bookkeeping, all within a single app.

Moreover, at the core of Countingup’s offering is its business current account, which includes features such as real-time transaction tracking, expense categorization, and invoice creation. This banking service is seamlessly integrated with accounting tools, allowing users to manage their finances efficiently. Entrepreneurs can handle day-to-day banking, monitor cash flow, and organize their financial data in one place, eliminating the need to switch between separate banking and accounting systems.

Likewise, Countingup’s standout feature is its automated accounting capabilities. The platform automatically categorizes transactions, generates profit and loss statements, and even prepares tax estimates, helping users stay organized and compliant with tax regulations. This reduces the time and effort required for bookkeeping and allows small business owners to focus more on growing their business rather than managing administrative tasks.

Additionally, Countingup offers features tailored to the needs of small businesses, such as VAT calculations, expense tracking, and invoicing. The platform also integrates with various accounting software, enabling businesses to export financial data easily and collaborate with accountants.

Countingup distinguishes itself by offering a comprehensive solution that merges business banking with smart accounting tools, making it a valuable resource for freelancers and small business owners looking to streamline their financial management and simplify their operations.