VT Software
VT Software Limited is a privately-held UK provider of Windows desktop accounting software, offering HMRC-recognised Making Tax Digital tools for VAT and Income Tax, iXBRL Companies House filing, and bookkeeping for small businesses, bookkeepers, accountancy practices, sole traders, and property landlords.
- Company typePrivate
- Founded1998
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What VT Software does
VT Software Limited is a privately-held UK company, founded in 1998 and registered in England (company number 2598775), that develops and distributes desktop accounting software for Windows. Its product portfolio comprises two subscription packages — VT Transaction+ (£90 + VAT per user per year) and the premium VT Accounts Suite (£175 + VAT per user per year) — built around bookkeeping (VT Transaction+), free cash accounting (VT Cash Book), an Excel add-in for accounts production (VT Final Accounts), Companies House electronic filing (VT Filer), an iXBRL viewer (VT Fact Viewer), an MTD bridging spreadsheet (VT Report), and an Excel-based MTD add-in (VT MTD for Excel). The software is not cloud-based; all data is stored locally on the user's PC, with internet access required only for HMRC and Companies House submissions.
The company's go-to-market is product-led: a 60-day free trial is downloadable directly from vtsoftware.co.uk, supported by user guides, video guides, FAQs, a blog, and phone/email support. Pricing is annual subscription per named user, with free tiers (VT Cash Book, VT Report without MTD) acting as a top-of-funnel freemium entry point. Distribution is exclusively direct-to-consumer via the company website; there are no third-party resellers, marketplaces, or institutional investors.
VT Software serves UK small-to-medium businesses, bookkeepers and accountancy practices, sole traders and the self-employed, and property landlords, with particular emphasis on customers needing HMRC Making Tax Digital (MTD) compliance for VAT and (from April 2026) Income Tax, and Companies House iXBRL filing. Native integrations with HMRC (MTD VAT and MTD Income Tax APIs), Companies House, Excel, and CSV/.xlsx file imports are central to the offering. The company is bootstrapped and self-funded through subscription revenue, with no disclosed funding rounds, acquisitions, or leadership changes in the source data.
VT Software firmographics
Firmographics- Name
- VT Software
- Legal name
- VT Software Limited
- Website
- https://vtsoftware.co.uk
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- VT Software Limited is a privately-held UK provider of Windows desktop accounting software, offering HMRC-recognised Making Tax Digital tools for VAT and Income Tax, iXBRL Companies House filing, and bookkeeping for small businesses, bookkeepers, accountancy practices, sole traders, and property landlords.
- Ownership category
- akta.pro rank
VT Software industry classification
Industry- Product category
- Desktop Accounting Software
- NAICS
- Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- PC/Desktop Software Stores (BPAMADAB)
Keywords
Where VT Software is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
VT Software business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- Software Subscription - VT Transaction+: Annual subscription model at £90 + VAT per year per user for the VT Transaction+ package, which includes bookkeeping software VT Transaction+, VT Cash Book, VT Report, VT MTD for Excel, and VT Calculator with full MTD functionality.
- Software Subscription - VT Accounts Suite: Annual subscription model at £175 + VAT per year per user for the VT Accounts Suite, which includes VT Final Accounts, VT Filer, VT Fact Viewer, VT Transaction+, VT Cash Book, VT Report, VT MTD for Excel, VT Calculator, plus Agent Services Account submissions functionality.
- Additional User Licenses: Additional user licenses priced at £90 + VAT per year each, available for both VT Transaction+ and VT Accounts Suite packages.
- Free Tier - VT Cash Book: VT Cash Book is provided free of charge for basic cash accounting without MTD features. MTD features require a VT Transaction+ license.
- Free Tier - VT Report: VT Report spreadsheet program is free without MTD functionality. MTD features require a VT Transaction+ or VT Accounts Suite subscription.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | VT Transaction+ package - Single user annual subscription |
| Subscription | Annual | VT Accounts Suite - Single user annual subscription |
| Subscription | Annual | Additional user license |
| Freemium | Pay-as-you-go | VT Cash Book - Free tier |
| Freemium | Pay-as-you-go | VT Report - Free tier |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
VT Software product offering
Product offeringCore offering
VT Software sells low-cost, desktop-based accounting software for the UK market, packaged as the VT Transaction+ annual subscription (£90+VAT per user) and the VT Accounts Suite annual subscription (£175+VAT per single user). The software provides bookkeeping, VAT return submissions, Making Tax Digital (MTD) for Income Tax quarterly updates directly to HMRC, iXBRL financial statement production, and electronic filing with Companies House, targeted at small to medium-sized businesses, bookkeepers, accountants, sole traders, and property landlords.
Product overview
VT Software provides a portfolio of desktop accounting software with two subscription packages. The VT Transaction+ Package (£90/year per user) includes VT Transaction+ bookkeeping software, VT Cash Book free cash accounting, VT Report spreadsheet/bridging tool, VT MTD for Excel, and VT Calculator. The VT Accounts Suite (£175/year single user) adds VT Final Accounts Excel add-in, VT Filer for Companies House filing, and VT Fact Viewer. All products are desktop applications requiring Windows OS with no cloud connectivity. MTD functionality integrates directly with HMRC for VAT and income tax submissions.
Differentiator
Problem solved
Functional benefit
Brands
- VT Transaction+: Bookkeeping software with MTD functionality for VAT returns and income tax quarterly updates
- VT Final Accounts
- VT Cash Book
- VT Report
- VT Filer
- VT MTD for Excel
- VT Fact Viewer
- VT Calculator
Products and services
- VT Accounts Suite Premium annual subscription package priced at £175 + VAT per year for a single user (£90 + VAT per additional user). Includes all programs in the VT Transaction+ subscription plus VT Final Accounts (Excel add-in for accounts production and iXBRL generation), VT Filer (Companies House electronic filing), and VT Fact Viewer (iXBRL viewer), plus Agent Services Account submission functionality for submitting MTD VAT returns and quarterly income tax updates for multiple clients.
- VT Transaction+ Package Annual subscription package priced at £90 + VAT per year per user. Includes VT Transaction+ (bookkeeping software with MTD), VT Cash Book, VT Report, VT MTD for Excel, and VT Calculator. Supports unlimited invoices, transactions, VAT returns, and businesses per license. Enables direct submission of VAT returns and income tax quarterly updates to HMRC via MTD.
- VT Transaction+ Desktop bookkeeping software for Windows for UK small businesses. Records transactions in ledger accounts, supports sales invoicing with email capability, bank reconciliation, multi-currency bank and cash accounts, Universal Input Sheet for CSV imports, and financial reporting including profit & loss and balance sheet. Submits VAT returns and income tax quarterly updates directly to HMRC via MTD.
- VT Cash Book Free desktop cash accounting software for Windows that records bank or cash payments and receipts on a cash basis. Includes bank reconciliation and financial reports. MTD features (including creating VAT returns) require a VT Transaction+ license key after 60 days.
- VT Report Standalone Windows spreadsheet program and MTD bridging tool. Includes VAT return templates and quarterly income tax update templates for self-employment, UK property and foreign property. Supports data import from Excel .xlsx, CSV, and text files, and serves as bridging software for non-VT accounting systems. Free without MTD; MTD features require a VT Transaction+ or VT Accounts Suite license.
- VT Final Accounts 32-bit Microsoft Excel add-in for preparing and producing financial statements for UK companies. Imports or accepts trial balance entry and generates iXBRL-tagged accounts for Companies House filing using the integrated VT Filer program. Supports FRS 105 micro-entity, FRS 102 small/medium/large company, LLP, and sole trader templates, plus corporation tax computations. Included with VT Accounts Suite.
- VT Filer Electronic filing program for submitting iXBRL-tagged accounts to Companies House. Integrated with VT Final Accounts to enable end-to-end accounts production and filing. Included with VT Accounts Suite.
- VT Fact Viewer Free Windows iXBRL file viewer for displaying and reviewing iXBRL files generated by VT Final Accounts or received from other sources. Included with VT Accounts Suite.
- VT MTD for Excel Microsoft Excel add-in for submitting MTD quarterly updates and VAT returns from Excel spreadsheets. Performs similar function to VT Report but is designed for short-form quarterly updates only. Included with VT Transaction+ Package and VT Accounts Suite.
- Digital Record Sheet Free VT Report spreadsheet template for keeping digital records as part of HMRC Making Tax Digital requirements. Enables accountants and agents with a VT license to submit quarterly updates for clients who maintain their own digital records without a client license.
Quantifiable outcome
- Annual subscription from £90 + VAT per user with unlimited transactions and businesses
- +2 more outcomes
Companies that use VT Software
Customer profileSegments4 records
Ideal customer profiles4 records
VT Software technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature6 records
VT Software partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights6 records
VT Software competitors and assessment
Company assessmentDirect peers
- FreeAgent: UK-focused cloud accounting platform popular with freelancers, sole traders, and small accountants. Competes with VT Cash Book/Transaction+ for the same sole-trader and micro-business MTD-for-Income-Tax cohort.
- KashFlow: UK cloud accounting software targeted at small businesses and accountants, now part of the Iris Software group. Direct competitor to VT in the UK SMB MTD-compliant bookkeeping segment.
- Clear Books: UK cloud accounting platform built for small businesses and accountants, HMRC MTD-recognised. Overlaps directly with VT's target customer base and MTD functionality, though delivered as cloud SaaS.
- Xero: Cloud accounting platform widely adopted by UK SMBs, bookkeepers, and accountants. Competes head-to-head with VT Software on the same customer use cases (MTD VAT, bookkeeping, accountant collaboration) but delivers them via a cloud-native, mobile-friendly SaaS model.
- Intuit QuickBooks: Global SMB accounting product with a strong UK presence and HMRC MTD recognition. Competes directly on price-sensitive SMB and sole-trader bookkeeping, with deeper AI and bank-feed automation than VT Software.
Emerging players
- Reckon: Provider of Reckon One cloud accounting and legacy Reckon APS desktop accounting — the desktop line is a particularly close functional analogue to VT Transaction+ for SMBs.
- Wave Financial: Freemium cloud accounting platform serving very small businesses and sole traders — overlapping with VT's freemium positioning on VT Cash Book and VT Report but delivered as free cloud SaaS.
Broad incumbents
- IRIS Software Group: UK-headquartered provider of accounting, payroll, and practice software (IRIS Accounts, KashFlow, PTP). Competes with VT Software in the UK accountant and SMB segments and is a likely partner or acquirer given the overlapping compliance-focused customer base.
- Sage Group: UK-headquartered incumbent in SMB accounting software (Sage 50, Sage Business Cloud). Closest large-scale competitor to VT Software in the UK SMB/bookkeeper segment, but offers a much broader, cloud-led portfolio versus VT's desktop focus.
- MYOB: Accounting software provider with both desktop (AccountRight) and cloud offerings, primarily in Australia/New Zealand but with comparable SMB/agent use cases. Comparable as a regional desktop-plus-cloud accounting suite player.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
VT Software social profiles
Digital presenceVT Software financial estimates
Financial estimateRevenue estimate
Valuation estimate
VT Software leadership team
Management profileNumber of profiles
VT Software funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VT Software M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VT Software
What does VT Software do?
VT Software sells low-cost, desktop-based accounting software for the UK market, packaged as the VT Transaction+ annual subscription (£90+VAT per user) and the VT Accounts Suite annual subscription (£175+VAT per single user). The software provides bookkeeping, VAT return submissions, Making Tax Digital (MTD) for Income Tax quarterly updates directly to HMRC, iXBRL financial statement production, and electronic filing with Companies House, targeted at small to medium-sized businesses, bookkeepers, accountants, sole traders, and property landlords.
Is VT Software a public or private company?
VT Software is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was VT Software founded?
VT Software was founded in 1998. It employs 1 to 10 people.
Where is VT Software based?
VT Software is headquartered in London, United Kingdom, in the Europe region.
How does VT Software make money?
Five revenue lines are on record. Software Subscription - VT Transaction+ is the primary driver. The others are software Subscription - VT Accounts Suite, additional User Licenses, free Tier - VT Cash Book and free Tier - VT Report.
Who are VT Software's main competitors?
Direct peers on record are FreeAgent, KashFlow, Clear Books, Xero and Intuit QuickBooks. Emerging players are Reckon and Wave Financial. Broad incumbents are IRIS Software Group, Sage Group and MYOB.
Does VT Software have an API?
No public API is recorded for VT Software.
What industry is VT Software in?
VT Software's product category is Desktop Accounting Software. Its primary akta.pro industry code is BPAMADAB, PC/Desktop Software Stores. Its NAICS code is 51321 and its SIC code is 7372.