Twinfield

Twinfield is a web-based accounting system that a Dutch company founded in 2000. Wolters Kluwer Tax & Accounting bought it in 2011, and it now sells the product mainly in the Netherlands, with a UK presence as well. Its two main buyers are accounting firms, which run many client administrations from one environment, and small and mid-sized businesses that keep their own books. The core is a double-entry ledger. Around it sit PSD2 bank feeds for most major Dutch banks, sales invoicing with automatic payment reminders, direct VAT filing to the Belastingdienst, and up to 48 standard reports. There are also options for multi-currency, currency revaluation, inter-company postings and group consolidation. For businesses there are three tiers: Extra Boekhouden at 58 euros a month, MKB Boekhouden at 78.50 euros and Compleet Boekhouden at 114.50 euros. Each includes five administrations and unlimited bookings. Extra users cost more, and there is a separate invoicing-only plan. Accountants buy under a separate Accountancyregeling, priced per administration. The first contract year cannot be cancelled. The marketplace lists over 300 integrations, including Nmbrs for payroll, Dext for receipt scanning, Mollie for payments and Teamleader for CRM, though many carry their own fees. The main limitation is cost. Twinfield is clearly more expensive than Dutch rivals such as Moneybird, e-Boekhouden or SnelStart, and reviewers also point to the lack of a mobile app and to receipt scanning being available only through a paid add-on.