Comparison
Finovo vs FreeAgent
Both serve UK small businesses — but only one handles France and Germany too. Here’s the full side-by-side.
| Feature | Finovo | FreeAgent |
|---|---|---|
| Starting price | £15/mo | £19/mo (£9.50 first 6 months via NatWest/RBS) |
| UK VAT (MTD) | All plans — direct MTD submission | All plans — direct MTD submission |
| French TVA (DGFiP) | Included — direct API submission | Not supported |
| German VAT (ELSTER) | Included — ERIC API submission | Not supported |
| UK Payroll | From Professional plan | Included — RTI filing to HMRC |
| French Payroll (DSN) | From Professional plan | Not supported |
| German Payroll (DATEV) | From Professional plan | Not supported |
| Open banking | 2,400+ UK & EU banks — daily sync | UK banks via Yapily — daily sync |
| Multi-currency invoicing | 50+ currencies with live ECB/BoE rates | Yes — limited currency support |
| SEPA batch payments | Yes — pain.001 XML generation | No |
| Fixed assets & depreciation | Yes — straight-line, declining balance | Basic — no automated depreciation |
| Client portal | Yes — branded portal, online payment | Yes — invoice viewing and payment |
| Mobile app | iOS + Android (coming soon) | iOS + Android |
| Free trial | 30 days — no card required | 30 days — no card required |
| Accountant access | Included on all plans | Free for NatWest/RBS/Ulster customers |
Our honest take
FreeAgent is a strong choice if you’re a UK-only sole trader or contractor — especially if you bank with NatWest, Royal Bank of Scotland or Ulster Bank, where FreeAgent is included free with your business account.
Finovo is the better fit if you operate across UK, France or Germany, need multi-country payroll, or want a more modern interface. Starting at £15/mo vs FreeAgent’s £19/mo, it’s also less expensive at full price.
The biggest differentiator is international compliance. No other tool at this price point gives you MTD, DGFiP TVA and ELSTER VAT filing in one platform.
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