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123 Sheets vs Wolters Kluwer: Which Is Better Accounting Software?


Last Updated: 20 March 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better 123 Sheets or Wolters Kluwer?

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

123 Sheets homepageWolters Kluwer homepage
 

123 Sheets vs Wolters Kluwer Basics

123 SheetsWolters Kluwer
Software Website123 Sheets WebsiteWolters Kluwer Website
HMRC MTD StatusApprovedIn Development
Who Can Use It?Agents and businessesBusinesses and Accountants
HMRC Listed FeaturesDigital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updatesNone
PlatformsWeb-based applicationWeb-based application, Android, iOS
Note data for this section comes from HMRC here and here

123 Sheets vs Wolters Kluwer Reviews

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

123 SheetsWolters Kluwer
Trustpilot Rating4.81.9
Number of Trustpilot Reviews123915
iPhone App RatingNo RatingNo Rating
Number of iPhone ReviewsNo ReviewsNo Reviews
Android App RatingNo RatingNo Rating
Number of Android ReviewsNo ReviewsNo Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

123 Sheets vs Wolters Kluwer Prices

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

123 Sheets pricingWolters Kluwer pricing

Free Plans & Trials

123 SheetsWolters Kluwer
Free Plan?NoNo
Free Trial?NoNo
Free Trial Length?NoNo
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

123 SheetsWolters Kluwer
Cheapest Plan Cost Per Month£1.65Not Listed
Mid-Tier Plan Cost Per Month£9.96NA
Top Plan Cost Per Month£69.95NA
Data taken from each company’s website at the time of writing but may have since changed.

123 Sheets vs Wolters Kluwer Features

123 Sheets featuresWolters Kluwer features

123 Sheets Basic Features

  • Helping VAT returns run smoothly for MTD
  • Simplifying the MTD process for self employed
  • Simplifying the MTD process for Landlords
  • Simplifying the MTD process for Accountants

123 Sheets Software Integrations

  • Sage
  • Quickbooks

Wolters Kluwer Basic Features

  • End-to-end accounting
  • Advisors and clients share real-time information
  • Scalable software that copes with business growth
  • Multi-company, multi-language, multi-currency
  • Time saving report drill-down
  • Seamless API integration
  • Access source documents
  • First class security

Wolters Kluwer Software Integrations

  • Payescape
  • Kleos
  • Xero
  • Quickbooks
  • Exact
  • FreeAgent
  • Sage

Common Feature Comparison

123 SheetsWolters Kluwer
Payroll Software IntegrationNoYes
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsNoYes
Prepare Self AssessmentNoYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesNoYes
Forecast Cash FlowNoYes
Accept and Make Payments In Different CurrenciesNoYes
Employee Time TrackingNoYes
ProjectsNoNo
Bank Feed IntegrationNoYes
End of Year FilingsNoNo
Capture Bills And ReceiptsNoYes
Bulk Reconcile TransactionsNoYes
Track Inventory & Stock LevelsNoNo

123 SheetsWolters Kluwer
Pros
  • Price
  • Easy to use
  • Fast filing and prompt support
  • Submitting VAT returns digitally
  • Excel compatibility
  • End-to-end accounting solution
  • Submit VAT returns online direct to HMRC (MTD compliant April 2019)
  • Import and automate bank statement processing
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
  • No pricing on website
  • Low review score
  • Low rating score

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