VT Software

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.

Name

VT Software

Legal name

VT Software Limited

Website

https://vtsoftware.co.uk

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 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

Product category

Desktop Accounting Software

NAICS

Software Publishers (51321)

SIC

Services-Prepackaged Software (7372)

akta.pro industry

PRIMARYBPAMADAB

PC/Desktop Software Stores

Business & Public Services/Web, Mobile & Digital Platforms/App Stores, Distribution & Developer Platforms

Keywords

• Desktop accounting software
• MTD compliance software
• Bookkeeping software
• VAT submissions software
• IXBRL filing software

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. 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.
2. 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.
3. Additional User Licenses: Additional user licenses priced at £90 + VAT per year each, available for both VT Transaction+ and VT Accounts Suite packages.
4. 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.
5. 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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core 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

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct 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

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Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VT Software