TaxFiler vs 123 Sheets: Which Is Better Accounting Software?

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

TaxFiler vs 123 Sheets Basics

	TaxFiler	123 Sheets
Software Website	TaxFiler Website	123 Sheets Website
HMRC MTD Status	In Development	Approved
Who Can Use It?	Businesses, Accountants, and Self-employed	Agents and businesses
HMRC Listed Features	None	Digital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates
Platforms	Web-based application	Web-based application

Note data for this section comes from HMRC here and here

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

	TaxFiler	123 Sheets
Trustpilot Rating	3.8	4.8
Number of Trustpilot Reviews	153	1239
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 TaxFiler or 123 Sheets? 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.

	TaxFiler	123 Sheets
Payroll Software Integration	Yes	No
Track VAT	Yes	Yes
VAT Filing	Yes	Yes
Real-Time Financial Reports	No	No
Prepare Self Assessment	Yes	No
Income Tax Estimates	Yes	Yes
Manage Income & Expenses	Yes	Yes
Create Invoices	No	No
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	No
End of Year Filings	No	No
Capture Bills And Receipts	Yes	No
Bulk Reconcile Transactions	No	No
Track Inventory & Stock Levels	No	No

	TaxFiler	123 Sheets
Pros	Ease of use of the system Easy to generate SA302 forms Easy to set up new clients Value for money	Price Easy to use Fast filing and prompt support Submitting VAT returns digitally Excel compatibility
Cons	Laggy Could be more flexible Not explicitly HMRC MTD tax compliant Limited accounting functions	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