CountingUp app will automatically do your accounts and bookkeeping | City & Business | Finance


Founded by entrepreneur Tim Fouracre, who is best known for setting up accounting software group ClearBooks, CountingUp will offer free accounts to its first 250 users.

He said that users will be able to open a business current account within five minutes, which comes with a UK sort code, account number and a contactless Mastercard.

Fouracre said he set up CountingUp to make life easier for entrepreneurs and small businesses.

Its app will not only do users’ accounts, but it will also submit VAT returns, create invoices and generate profit and loss reports.

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