Crunch gains industry recognition as online accounting software invoices over £1bn

Hove-based Crunch Accounting is today named a PCG Selected Accountant – the first and only purely online accountant to be formally recognised and endorsed by the freelance industry association.

Crunch also announces its clients have collectively invoiced over £1 billion through the Crunch online accounting software, with daily invoicing now averaging over £1 million.

The PCG is the leading authority on freelancing and the EU’s largest association for independent professionals, with over 21,000 members. Crunch provides accountancy services for more than 5,500 freelancers, contractors and micro businesses across the UK.

PCG CEO Chris Bryce said: “The Selected Accountants scheme was designed to recognise accountants that go above and beyond to look after freelancers and contractors, and we’re incredibly pleased to see a purely online service created specifically for this group.”

Darren Fell, managing director of Crunch added: “We are delighted to be recognised as one of the PCG’s Selected Accountants. Many of our clients are PCG members, and vice versa, so to get their stamp of approval is an important achievement for us at Crunch.”

“We’re now seeing an average of £1 million per day pass through our online accounting software, and at the end of March our clients billed £7.5 million in 24 hours. Freelancers and contractors are making a tremendous contribution to the UK’s economic recovery, and this recognition from the PCG shows that online accounting is now truly a mainstream alternative to costly traditional firms.”

Crunch combines cloud software with expert accountants to provide a complete accountancy service for freelancers and micro businesses for a flat monthly fee.