Countingup - Business Account 40.3.0

The Countingup app is a comprehensive financial management tool designed for small business owners. It integrates a business current account with robust accounting and tax features, aiming to simplify finance management.

Here are some noteworthy benefits of the service:

• Streamlined Account Opening: Users can apply for a business current account in under four minutes, allowing for prompt access to their funds.
• Integrated Accounting Software: The app effectively consolidates transactions, receipts, invoices, and more, streamlining bookkeeping tasks. Key features include:
  • Receipt capture and attachment to transactions, enabling on-the-go management.
  • Automatic categorization of transactions for better financial oversight.
  • Comprehensive financial insights through profit and loss reports and balance sheets.
• Efficient Payment Processing: Users can create and send invoices, receive notifications for payments, and set payment reminders easily. The app also supports card payments via Stripe, allowing users to add branding to invoices.
• Proactive Tax Management: The app provides real-time tax estimations and automates the transfer of funds to a designated tax pot upon receiving payments. Personalized reminders ensure deadlines are never missed.
• Responsive Customer Support: Countingup offers UK-based support with a commitment to respond within an hour, providing assistance whenever necessary.
• Flexible Pricing Model: A three-month free trial adds value for users, along with a subscription model that adapts to business performance.
• Seamless Accountant Integration: For those who require an accountant, the app facilitates easy data sharing for efficient financial management.

The design of Countingup caters specifically to self-employed individuals, allowing them to focus more on business operations rather than financial admin. Its intelligent features—such as automatic expense categorization and personalized tax reminders—aim to enhance user experience significantly.

The app is accessible by downloading it and following straightforward instructions; users need a valid UK mobile number, email address, and photo ID to get started.

Eligible users include:

• Sole traders and self-employed individuals
• Limited companies with one or two directors
• Freelancers
• Entrepreneurs
• Contractors
• Startups

The Countingup app seeks to empower small business owners to take control of their finances efficiently. Many have found success with its features—evident from the growing user base among small business owners in the UK.