Liquid Accounts

Established in 2005, Liquid Accounts Limited is a UK-based financial software company that provides cloud-based accounting solutions. The firm's directors include Colin Maher and Anthony Boggiano. Liquid Accounts targets its services toward small and medium-sized enterprises (SMEs), as well as bookkeepers and accountants. With over 1,200 businesses using its products, the company positions itself as one of the originators of cloud business software in the UK.

The company operates on a subscription-based model, offering scalable packages that allow clients to pay for the specific functionality they require. This model includes options for adding unlimited users for a monthly fee. Revenue is generated through these pay-as-you-go subscriptions, which cover software access, technical support, automatic backups, and upgrades. The core offering is a web-based accounting and bookkeeping software designed to automate financial tasks. Hosted in UK data centers, the platform provides remote access to financial data for an unlimited number of users. Key features of the software include invoicing, expense tracking, bank reconciliation, multi-currency support, tax management, and payroll management. The system also offers functionalities for purchase and sales order processing, inventory management, and financial reporting through customizable dashboards. For businesses with more complex needs, Liquid Accounts provides optional advanced modules such as a five-level segmented ledger, bill of materials, and company consolidation. Additionally, it offers e-commerce integrations with platforms like Shopify and Magento.

The software is designed to be scalable, catering to a range of users from sole traders to larger corporations. It facilitates VAT compliance by automating calculations and enabling direct filing with HMRC. One of its notable features is the ability to handle payments in both home and foreign currencies, ensuring accurate financial tracking. The platform also streamlines the quoting process, allowing users to create, send, and track quotes, with an option to convert them into invoices. The company emphasizes its UK-based support team and its experience in the business software industry. Liquid Accounts also has the capability to develop bespoke add-on software for clients with specific needs.

Keywords: cloud accounting, online bookkeeping, SME financial software, SaaS accounting, UK accounting software, payroll management, VAT filing, multi-currency accounting, invoicing software, expense tracking, bank reconciliation, financial reporting, inventory management, purchase order processing, sales order processing, company consolidation, e-commerce accounting integration, Shopify integration, Magento integration, subscription accounting software