The Business Toolkit
Accounting and bookkeeping for your business account
Supercharge your business banking
Wouldn’t it be great to have a part-time bookkeeper? One who’s always reliable, totally invisible and only £7 a month?
Whether it’s sorting through receipts, figuring out how much tax you owe or keeping track of invoices, all the extra admin can feel like a job in itself when you’re your own boss. So we designed the Business Toolkit to help with bookkeeping for freelancers, self-employed and small businesses. Available exclusively on online banking, you’ll get all the same powerful features of our original free account, but with extra bells and whistles for accounting and VAT.
Get your first month for free!
Features of the Business Toolkit
Create and seamlessly send invoices directly from your desktop, and connect your online banking to your email. When you get paid, just match your invoices in a single click.
View a dashboard of all of your invoices to stay on top of your cash flow.
We’ll automatically categorise your transactions with useful spending categories and tax allocations. See handy hints in the category description to help you understand what is and isn’t allowable for tax.
No more tax surprises
Good news for sole traders: see an up-to-date estimate of the money you need to save for the self employment part of your tax return. You can then set it aside with just one tap.
We calculate an estimate using cash accounting. This is suitable for most self-employed sole traders earning less than £150,000 per year.
Record and submit VAT
Record VAT on your transactions, and set defaults if you’re happy to automate some of it. Connect to HMRC and submit your returns through Making Tax Digital.
✓ Cash Accounting Scheme
✓ Flat Rate Scheme (cash basis)
We don’t currently support other VAT schemes.
Sort your bills
The Business Toolkit lets you upload bills as soon as you receive them and schedule payments to help you manage your cash flow.
Never lose track
No more sleepless nights over invoices, tax or VAT. Starling will always show you what needs to be done in a handy interactive to-do list, so you can stay on top of your admin.
The Business Toolkit could be great for you if you...
Are a freelancer
Sole trader, contractor, chief wearer of many hats – however you describe what you do, your life could be made easier by the Business Toolkit.
Feel overwhelmed by admin
Spend less time sorting through invoices and receipts – and more on what you’re good at.
Want to keep everything in one place
Manage things like bookkeeping, bills, VAT and self-assessment tax, directly from your bank account.
Like the idea of automated bookkeeping
But don’t want the expense or commitment of a separate accountancy package.
Do your VAT on a cash basis
Good news for those of you on the Cash Accounting Scheme or the Flat Rate Scheme (cash basis): both are compatible with the Business Toolkit.
Want to do your books on the big screen
For the time being, the Business Toolkit is available in online banking only. This means you can log in to your account on your desktop or laptop and manage your books from there.
Head over to our Toolkit FAQs.