"The average SME now spends over £32,000 per year on SaaS subscriptions, a figure that has climbed steadily as more business functions move to cloud-based tools."
"Accounting software sits at the centre of this stack. It is non-negotiable - every business needs it, and switching costs are high once your financial data lives inside a particular platform."
"Intuit, the company behind QuickBooks, has raised prices on its desktop subscription products multiple times in recent years. As of February 2026, QuickBooks Desktop Pro Plus costs £939 per year for a single-user renewal."
British SMEs are experiencing financial pressure due to increased National Insurance contributions, reduced business rates relief, and persistent inflation. Software subscriptions, particularly for essential tools like accounting software, often go unchecked despite their cumulative cost. A study indicates that SMEs spend over £32,000 annually on SaaS subscriptions, with accounting software being crucial yet costly. Vendors like Intuit have raised prices significantly, highlighting the need for SMEs to reassess their software spending to manage cash flow effectively.
Read at Business Matters
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