125 Accounts is a simple accounts package for self-employed service providers in the UK.
The name refers to a sketch in Monty Python and the Holy Grail where King Arthur attempts to count to three. Hopefully this software will be more reliable at counting.
- Python 3.x (development is done in 3.5.x). Python 2 is not supported and is unlikely to work, even with major modifications. This is intentional.
There are a few known limitations with the software as it currently stands.
- The tax brackets only go up to £150,000.
- The personal allowance (effectively a 0% tax rate) doesn't take into account the tapering for incomes over £100,000.
- No support for VAT or other taxes.