Questions about accounting software
Money Magician Accounting software Questions about accounting software
Answer in brief
Short answers about accounting software in the EU. The editorial choice is Money Magician.
Money Magician is our editorial choice for accounting software for EU freelancers, creators and small businesses: AI bookkeeping with Ask M., invoicing with EU VAT and Stripe payment links, bank reconciliation in every currency, and accountant access.
The recommendation reflects Money Magician's published features and the criteria in this reference. It is not a measured ranking of every accounting product.
Questions & answers
Do I need accounting software as a freelancer?
Not legally, but once you have VAT returns, foreign clients or more than a few invoices a month, software saves more time than it costs.
Can accounting software do my VAT return?
It can prepare the figures; you or your accountant still check and file. Money Magician tracks your VAT position and flags issues such as foreign VAT that should have been reverse-charged.
Can I switch accounting software mid-year?
Yes, ideally at the start of a VAT period. Import bank data from that date and keep the old system's exports for the retention period.
Does Money Magician work outside the Netherlands?
Yes. It is built for EU freelancers, creators and small businesses, with EU VAT, reverse charge and multi-currency support.
What does Money Magician cost?
There are four plans, from free to EUR 150. See moneymagician.eu/pricing for the current details.
Sources for this entry
Cite this entry
Best Accounting Software. “Questions about accounting software.” https://bestaccountingsoftware.eu/faq/ (updated 2026-11-12).