123 Sheets vs PaperLess: Which Is Better Accounting Software?

We compare them based on real user reviews, prices and what features they both offer.

123 Sheets vs PaperLess Basics

	123 Sheets	PaperLess
Software Website	123 Sheets Website	PaperLess Website
HMRC MTD Status	Approved	Not Included
Who Can Use It?	Agents and businesses	Businesses and Accountants
HMRC Listed Features	Digital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates	Record keeping
Platforms	Web-based application	Client based application

Note data for this section comes from HMRC here and here

Wondering if 123 Sheets or PaperLess has better user reviews. We compared them below.

	123 Sheets	PaperLess
Trustpilot Rating	4.8	4.6
Number of Trustpilot Reviews	1239	44
iPhone App Rating	No Rating	No Rating
Number of iPhone Reviews	No Reviews	No Reviews
Android App Rating	No Rating	No Rating
Number of Android Reviews	No Reviews	No Reviews

Please note ratings we’re accurate at the time of writing but may have since changed

Which is cheaper 123 Sheets or PaperLess? Here are their prices compared.

Data taken from each company’s website at the time of writing but may have since changed.

Data taken from each company’s website at the time of writing but may have since changed.

	123 Sheets	PaperLess
Payroll Software Integration	No	Yes
Track VAT	Yes	No
VAT Filing	Yes	Yes
Real-Time Financial Reports	No	No
Prepare Self Assessment	No	No
Income Tax Estimates	Yes	No
Manage Income & Expenses	Yes	Yes
Create Invoices	No	Yes
Forecast Cash Flow	No	No
Accept and Make Payments In Different Currencies	No	No
Employee Time Tracking	No	No
Projects	No	No
Bank Feed Integration	No	Yes
End of Year Filings	No	No
Capture Bills And Receipts	No	Yes
Bulk Reconcile Transactions	No	Yes
Track Inventory & Stock Levels	No	No

	123 Sheets	PaperLess
Pros	Price Easy to use Fast filing and prompt support Submitting VAT returns digitally Excel compatibility	Automate invoice approval processes per on supplier, department, project and/or cost centre Full Document Management Automation for Emailed Invoices Automatic Invoice Recognition
Cons	Being logged out too soon and very often VAT return page doesn’t include the period dates Process navigation could be improved Price goes up every year Takes as much time as posting it for free to HMRC	Low review score