Accounting software records sales and purchase invoices, matches bank transactions and prepares VAT returns and year-end reports. Tax and e-invoicing rules differ by country, so European small businesses usually choose a tool built for their own country, ideally from a vendor that keeps the books in Europe. The strongest European options are Sage Accounting (United Kingdom) for UK and Irish small businesses, Exact (Netherlands) for Dutch and Belgian SMEs working with an accountant and Odoo (Belgium) for companies that want CRM tied to invoicing and ERP.
Best first. Headcount and founding year come from LeadWave's database; prices, hosting and G2 ratings from each company's own pages and G2, checked in November 2026.
| Alternative | Headquarters | Founded | Employees | G2 rating | Free plan | Paid plans from | Your data | Open source |
|---|---|---|---|---|---|---|---|---|
1 Sage Accounting | Newcastle upon Tyne, United Kingdom | 1981 | — | 4.2 (71 reviews) | No | £20/account/month | — | No |
2 Exact | Delft, Netherlands | 1984 | 1,001–5,000 | — | No | €49/account/month | — | No |
3 Odoo | Grand-Rosière, Belgium | 2005 | 1,881 | 4.1 (205 reviews) | Yes | Free | EU region available | Yes |
4 Pennylane | Paris, France | — | — | 4.0 (6 reviews) | No | €7/account/month | In Europe | No |
5 sevDesk | Offenburg, Germany | 2013 | 143 | — | Yes | €11.90/account/month | — | No |
6 Lexware Office | Freiburg, Germany | — | — | — | No | €7.90/account/month | In Europe | No |
7 Holded | Barcelona, Spain | 2016 | 123 | 4.2 (25 reviews) | No | €34/account/month | — | No |
8 FreeAgent | Edinburgh, United Kingdom | 2007 | 279 | 4.3 (43 reviews) | No | £19/account/month | In Europe | No |
9 Fortnox | Växjö, Sweden | — | — | 4.2 (5 reviews) | No | SEK 238/account/month | — | No |
10 e-conomic | Copenhagen, Denmark | — | — | — | No | DKK 249/account/month | In Europe | No |
11 bexio | Rapperswil, Switzerland | 2013 | 98 | 3.5 (15 reviews) | No | CHF 35/account/month | In Europe | No |
12 Moneybird | Enschede, Netherlands | — | — | 4.5 (14 reviews) | No | €3/account/month | — | No |
13 Indy | Lyon, France | 2016 | — | — | Yes | €9/account/month | In Europe | No |
14 Tiime | Paris, France | — | — | — | Yes | €9.99/account/month | — | No |
15 Fiken | Oslo, Norway | — | — | — | No | NOK 219/account/month | — | No |
16 Clear Books | London, United Kingdom | 2008 | 27 | 4.8 (20 reviews) | Yes | £5/account/month | — | No |
17 QuickFile | York, United Kingdom | 2010 | 1 | 4.3 (22 reviews) | Yes | £60/account/year | — | No |
Each page ranks the European options for that tool's users and says how each one compares.
Cloud accounting for UK and Irish small businesses
Online accounting from the UK's Sage Group with invoicing, bank feeds, VAT returns and reports for sole traders and small companies. Sage also sells larger finance products such as Sage Intacct.
Exact Online accounting for Benelux businesses
Dutch software company whose Exact Online covers bookkeeping, invoicing, bank links and VAT returns, with add-ons for projects, trade and payroll. Majority-owned by US investor KKR since 2019.
Open-source business suite with a CRM app
Odoo's Accounting app handles invoicing, bank reconciliation, VAT and reports, and links to its inventory, sales and payroll apps. One app is free for unlimited users.
French accounting shared with your accountant
Accounting, invoicing and supplier payment platform that business owners and their accountants use together, registered for France's e-invoicing reform. Includes an optional Pro business account.
Invoicing and bookkeeping for German small businesses
Online invoicing, e-invoicing and bookkeeping for freelancers and small firms in Germany and Austria, with receipt scanning, bank sync and VAT pre-returns sent to the tax office. Runs on AWS.
Online bookkeeping from Germany's Haufe-Lexware
Formerly lexoffice. Online bookkeeping, invoicing, VAT returns and payroll for German small businesses, sold in modules, from Haufe-Lexware in Freiburg. Data is kept in data centres in Frankfurt.
All-in-one accounting and business software from Spain
Cloud tool combining invoicing, accounting, bank reconciliation, inventory, CRM, projects and payroll for small Spanish businesses, with Verifactu e-invoicing included. Part of Visma since 2021.
Accounting for UK freelancers and small companies
Online accounting for UK sole traders, partnerships, landlords and limited companies, with invoicing, bank feeds, Making Tax Digital filing and payroll. Owned by NatWest Group since 2018.
Swedish accounting, invoicing and payroll
Cloud accounting, invoicing, payroll and business cards for Swedish companies and their accounting firms. Taken private in 2025 by Swedish investors EQT and First Kraft.
Danish online accounting from Visma
Online accounting for Danish small businesses with invoicing, bank reconciliation, VAT reporting, expense users and a company card. Run by Visma e-conomic A/S in Copenhagen; data is hosted in the EU.
Swiss business software with accounting and payroll
Online accounting, invoicing, contacts, expenses and payroll for Swiss small businesses, with Swiss bank links. Part of the Swiss Mobiliar insurance group; customer data is stored only in Switzerland.
Simple bookkeeping and invoicing for Dutch businesses
Online bookkeeping and invoicing for freelancers and small firms in the Netherlands and Belgium, with receipt scanning, bank links and a payment account.
Automated bookkeeping for French sole traders
Accounting app for French freelancers, sole traders and small companies that sorts bank transactions, prepares tax returns and issues e-invoices, with a business account included and a free plan.
Invoicing, accounting and business account for French firms
French app for invoicing, e-invoicing and accounting shared with an accountant, with a free invoicing plan and paid plans that include a Tiime business account.
Simple accounting for Norwegian small businesses
Online accounting and invoicing for Norwegian sole traders, small companies and associations, at one monthly price with no lock-in.
UK accounting with a free MTD plan
Online accounting for UK sole traders, landlords and small businesses, with bank feeds, invoicing, receipt scanning and HMRC-recognised Making Tax Digital filing, including a free sole-trader plan.
Low-cost UK bookkeeping, free for small volumes
UK online bookkeeping with invoicing, bank feeds, Making Tax Digital VAT returns and multi-currency, free up to 1,000 ledger entries a year and a flat yearly fee above that.
LeadWave's database has 126 companies headquartered in Europe that our Accounting list matches, most of them in the United Kingdom (45), Belgium (8), France (7), Germany (7) and Sweden (7). Here are the 15 largest; all 126, with their CEOs' contacts, are in the Europe SaaS companies list.
| Company | Country | Employees | Funding | CEO |
|---|---|---|---|---|
1 Cegidcegid.com | France | 3,934 | — | Pascal Houillon |
| 2Exactexact.com | Netherlands | 1,001–5,000 | — | irfan verdia |
| 3Odooodoo.com | Belgium | 1,881 | $104.1M | Fabien Pinckaers |
4 AccountancyManageraccountancymanager.co.uk | United Kingdom | 300 | — | Stephen Murdoch |
| 5FreeAgentfreeagent.com | United Kingdom | 279 | $10.7M | Roan Lavery |
6 Agicapagicap.com | France | 268 | $118.9M | Sebastien Beyet |
7 Rydoorydoo.com | Belgium | 224 | $9.5M | Sebastien Marchon |
8 Codatcodat.io | United Kingdom | 181 | $19.6M | Peter Lord |
9 Silverfinsilverfin.com | Belgium | 168 | $34.5M | Tim Vandecasteele |
10 Blue Dotbluedotcorp.com | Netherlands | 146 | $82M | Isaac Saft |
| 11sevDesksevdesk.de | Germany | 143 | $77.4M | Fabian Silberer |
12 TIE Kinetixtiekinetix.com | Netherlands | 136 | $3.3M | — |
13 Crunchcrunch.co.uk | United Kingdom | 136 | $1.6M | Darren Fell |
14 Siftsift.co.uk | United Kingdom | 51–200 | $5.3M | Tom Dunkerley |
15 HRworkshrworks.de | Denmark | 51–200 | — | Markus Schunk |
Showing the 15 largest of 126. Headcount is the latest known figure.
A company counts as European if it's headquartered in Europe: the EU, the EEA, Switzerland, the UK, or elsewhere in geographic Europe, never Russia or Belarus. Headquarters means where it's run from, not a registered office. Companies founded in Europe but headquartered elsewhere today are listed separately, and a non-European owner is always named.
Each company was checked against its own legal notice, pricing page and data-processing terms, and its G2 page. The order weighs how fully each one replaces the US leaders, its track record and its ratings. No company paid to be listed or ranked.
Sage Accounting (United Kingdom) for UK and Irish small businesses, Exact (Netherlands) for Dutch and Belgian SMEs working with an accountant and Odoo (Belgium) for companies that want CRM tied to invoicing and ERP. Each is headquartered in Europe; the table compares their hosting, prices and G2 ratings.
Odoo, sevDesk, Indy, Tiime, Clear Books and QuickFile have a free plan with no time limit.
Pennylane, Lexware Office, FreeAgent, e-conomic, bexio and Indy store customer data in Europe by default. Being European doesn't make a tool GDPR compliant on its own: check its data processing agreement too.
Yes: Odoo, which you can also host on your own servers.
LeadWave's database lists 126 European Accounting software companies, most of them in United Kingdom (45) and Belgium (8). All of them, with their CEOs' contacts, are in our list of 4,000+ European SaaS companies.
Not really, because VAT, e-invoicing and filing rules are national. Sage and Odoo sell in many countries, but most European tools focus on one market: sevDesk and Lexware Office on Germany, Pennylane, Indy and Tiime on France, Holded on Spain, Exact and Moneybird on the Netherlands, Fortnox on Sweden, e-conomic on Denmark, Fiken on Norway, bexio on Switzerland, and FreeAgent, Clear Books and QuickFile on the UK.
Clear Books has a free Making Tax Digital plan for UK sole traders, QuickFile is free up to 1,000 ledger entries a year and Indy's Essentiel plan for French sole traders costs €0. sevDesk and Tiime have free invoicing-only plans, and Odoo's One App Free plan covers one app for unlimited users.
Pennylane hosts on AWS in Ireland, Lexware Office in data centres in Frankfurt, FreeAgent in Ireland, e-conomic in the EU and Indy on AWS in Germany, France and Ireland. bexio stores customer data only in Switzerland.
