Get your 14-day free trial now!

Professional Accounting Software for Sole Traders

Sharing responsibilities of small businesses to help them grow!

White tick Automate time-taking tasks White tick Track business performance White tick Manage suppliers and customers White tick Manage multiple projects

Sign Up
starstarstarstarstar

trustpilot star Trustpilot
Excellent Reviews

Accounting Software for sole trader hero accounting for accountants hero
starstarstarstarstar

trustpilot star Trustpilot
Excelent Reviews

Simplify Billing

Revamp your business billing with best accounting software for sole traders.

All-in-one Billing Solution for sole traders icon
All-in-one Billing Solution

Moneypex handles invoicing, due and paid amount records, and automated payment reminders professionally.

Sync Bank Statements with accounting for sole traders
Sync Bank Statements

All of your bank and credit card transactions are synced with Moneypex, allowing you to keep track of your earnings and expenses with ease.

Simplify Billing for sole traders

Forecast Your Cash Flow

Experience the easiest way to forecast your cash flow.

View Financial Resources icon
View Financial Resources Better

Cash flow predictions based on regular expenses and transactions give a view into the future.

Real-time Reporting for sole traders icon
Real-time Reporting

Moneypex's financial reports illustrate the profitability, cash flow, and overall performance of your business.

Cash Flow Forecast for sole traders

Manage Suppliers & Manufacturers

We help you create a better relationship with your suppliers & manufacturers.

Complete Supplier Records icon
Complete Supplier Records

Keep detailed records of paid or due payments and stocks, plan supplier advances, and more.

Strong Supplier Relationship icon
Strong Supplier Relationship

Automating invoice handling and payment helps businesses maintain healthy supplier relationships with on-time payments.

Manage Suppliers _ Manufacturers with accounting software

Tackle Tax Time

Making your tax life easier with valuable features.

MTD Compliance icon
MTD Compliance

Accounting software for sole traders in UK to assemble a self-assessment tax return with confidence by keeping each and every track of your transactions.

Errorless VAT Returns for sole traders icon
Errorless VAT Returns

All tax deductions are automatically calculated. You'll have exact figures of VAT to submit to HMRC in UK.

Start Your Free Trial
Tackle Tax Time with moneypex accounting

Believe Words of Our Customers

Trustpilot review 1 Maaz Sajid
starstarstarstarstar

trustpilot star Trustpilot

I am using this software for my bookstore to keep track of my expenses and budget. I love it!

Trustpilot review 3 Muhammad Sabeel
starstarstarstarstar

trustpilot star Trustpilot

I can make free invoices with moneypex and that saves me huge costs over Quickbooks.

Trustpilot review 2 Robert Jackson
starstarstarstarstar

trustpilot star Trustpilot

Moneypex is easy, affordable and files my tax in a breeze with HMRC. I love it!

Explore more
on our Blog!

FAQs

Sole traders pay tax on self-employment income. You pay income tax based on the profitability of your business. Every UK citizen gets a tax-free exemption before their income is taxed, so deduct it from your total income to calculate your taxable income.

You'll have to pay “Self Assessment Income Tax” if you're a sole trader. Currently, in UK, you have to pay income tax of “Class 2 and 4 National Insurance” on all of your business profits that are taxable.

Moneypex accounting software for sole traders can assist you to do basic things like tracking performance, sending invoices, keeping track of expenses, and filing your tax returns to HMRC in line with the latest Making Tax Digital rules in UK.

Both terms are often used interchangeably, but there is a slight difference between the two. A sole trader is someone who works for himself, but not everyone who works for himself is a sole trader.