Knyt Accounts
Double-entry bookkeeping with FRS 102 reporting, Irish VAT management, and Companies Act 2014 compliance. Built for accountants and business owners who need accurate, auditable financial records.
Features
Double-Entry Bookkeeping
Enforced at database level — every transaction balances debits and credits automatically.
FRS 102 Reports
Balance sheet, profit & loss, trial balance, and cash flow statements mapped to FRS 102 line items.
Irish VAT Management
All four rates (23%, 13.5%, 9%, 0%) with T1–T4 return generation ready for Revenue ROS submission.
Audit Trail
Immutable audit log capturing every change — who, what, when — compliant with ISA 230.
Period Locking
Lock financial periods after filing to prevent backdating. 6-year retention per Companies Act 2014.
Bank Reconciliation
Import bank statements and match transactions to journal entries with automated suggestions.
Knyt Accounts vs Xero
How Knyt Accounts compares to Xero for Irish businesses.
| Feature | Knyt Accounts | Xero |
|---|---|---|
| Built for Irish compliance | FRS 102 native | Adapted from NZ |
| Irish VAT returns | T1–T4 ROS ready | Supported |
| Companies Act 2014 | Period locking, 6yr retention | Basic |
| Double-entry enforcement | DB-level constraint | Application only |
| Payroll included | Yes (bundled) | Separate product |
| Scheduling included | Yes (bundled) | No |
| Encryption at rest | AES-256-GCM | Platform-level |
| Starting price | €39/mo (with payroll) | €33/mo (accounting only) |
Who uses Knyt Accounts
Sole traders
Track income and expenses, generate invoices, and file VAT returns without hiring an accountant for day-to-day bookkeeping.
Small retail businesses
Manage stock purchases, supplier invoices, and sales VAT across multiple rate categories. Bank reconciliation matches card terminal settlements.
Professional services firms
Bill clients with detailed invoices, track time against projects, and generate FRS 102 reports for your annual audit.
See Knyt Accounts in action
Get started with Knyt Accounts
No setup fees. No lock-in. Start using Knyt Accounts today.