We use GnuCash to run the accounts for our small business in the UK, which currently consists of me working through a contract and my wife building an automated income through an affiliate marketing site. I had used it when I was a contractor a few years ago and had no hesitation to use it for when my new contract started on 1st June 2016.
If you are starting a new business in the UK, I hope this article will help you decide if GnuCash will satisfy your requirements for an accounting application. Here I will provide our experience of GnuCash as one of the accounting tools we are using to run our small business.
I am not an Accountant so anything I write here is not advice. This is the first article I have written on this subject and I know I will write more on specific details as I gain more experience with the hope it will be useful to others.