Countingup is a UK app that combines a business bank account with accounting and tax tools. Transactions are categorised automatically, receipts can be captured with the phone camera, and invoices are created, sent and matched to payments, including card payments. The app shows an estimate of tax owed and supports VAT returns under the UK's Making Tax Digital rules. An accountant hub lets users share data with their accountant. The service is intended for small businesses, including limited companies.
Countingup is operated by Counting Ltd, whose registered office is in London. The accounts are provided by Griffin Bank Ltd, a UK bank authorised by the PRA and regulated by the FCA and the PRA; eligible deposits are covered by the UK's FSCS. The United Kingdom is outside the EU, so both the company and the bank are subject to UK law. The software is proprietary and available only as a managed service. For European organisations the service is mainly relevant to UK business entities.