Fortnox vs Holded (2026): which should you pick?

Pick Fortnox if

• Fits if you run a Swedish company and want bank-connected books
• Makes sense if you start a new company and can use the free half year

Look elsewhere if

• Skip it if you are outside Sweden, because it links to Swedish banks and the tax agency
• Pricey if you send a lot of invoices: 4.90 kr each through the invoice service, 39 kr each when you send them yourself on the simple tier
• Watch out: the Access base fee of 9 to 199 kr a month goes on every package
• Watch out: a 3-month term adds 15% to every list price
• Tight if you want to try before you pay, since there is no trial and the free half year is for new companies only

Pick Holded if

• Fits if you're a Spanish freelancer who needs invoicing with Verifactu
• Makes sense if you want inventory and a CRM next to your books

Look elsewhere if

• Tight if you stay on the free plan: 20 invoices and 50 scanned expenses a year
• Watch out: Basic allows 2 users and Standard 4, and extra users cost €12 a month each
• Watch out: Inventory starts at €25 a month and HR is €3 per employee, both as add-ons
• Not for you if you're outside Spain, unless you've checked the tax forms for your country
• Pricey if you need full accounting: that starts at Standard, €69 a month

Fortnox

• Built for Swedish businesses: it links to Swedish banks and the tax agency, and prices are in kronor.
• Every customer pays the Access base fee: 9 kr a month under 40 vouchers a year, 99 kr at 100 to 999, 199 kr at 1,000 or more.
• Invoices cost extra: 4.90 kr each through the invoice service, and 39 kr each by sending yourself on the simple tier.
• A 3-month term adds 15% to every list price; the prices shown are for a 12-month term.

Holded

• Prices are in euros, exclude VAT, and the page does not say whether the figures assume monthly or annual billing.
• Each plan caps users (2 on Basic, 4 on Standard); extra users cost €12 a month each.
• Inventory starts at €25 a month and the HR module is €3 per employee a month, both as add-on Gems.
• Tax forms and e-invoicing features listed on the page are Spanish; check coverage for other countries.

Fortnox

Bookkeeping

Reads transactions from connected bank and tax accounts and books most of them automatically, with suggested postings for supplier invoices.

Invoicing

Create and send invoices, track which are paid, and let Fortnox handle distribution, matching and reminders for a per-invoice fee.

Company card and receipts

A free company card sends each purchase and receipt into the books; receipts can also be photographed in the mobile app.

Payroll

A payroll program and a simpler pay-run option both pay out salaries and send payslips, with e-ID sign-in.

Payments from the platform

Pay suppliers inside Fortnox by signing with e-ID; payments are matched and booked automatically.

Mobile app

The Fortnox app, for Android and iOS, handles supplier invoices, mobile invoicing and receipt capture.

Holded

Invoicing and quotes

Unlimited invoices on paid plans, with quotes, proformas, recurring invoices, a client portal, multi-currency and Verifactu.

Accounting

Standard and above add automatic journal entries, analytical accounting and annual accounts that an accountant can work from.

Bank connections and Wallet

Connect bank accounts to match transactions with invoices and expenses; Holded Wallet adds supplier payments and team cards.

Expense scanner

Scans receipts and extracts their data, with a fair-use limit tied to the plan's AI usage.

Spanish tax forms

Lists VAT models 303, 347, 349, 369 and 390 and IRPF models, with corporate tax forms 200 and 202 from Standard.

Inventory, CRM and projects

Inventory and HR are paid Gems; the CRM and project profitability tracking are part of the plans.

Fortnox

• Mini209 kr

  per month on a 12-month term, plus the Access base fee

  Bookkeeping package. A 3-month term adds 15%. New companies pay the first half year free.

• Liten349 kr

  per month on a 12-month term, plus the Access base fee

  Bookkeeping plus Fakturering Plus, the fuller invoicing program.

• Mellan+659 kr

  per month on a 12-month term, plus the Access base fee

  Adds payroll, supplier-invoice approval and unlimited integrations. A Mellan package without the plus lists at 490 kr.

• Stor+919 kr

  per month on a 12-month term, plus the Access base fee

  Adds fixed-asset register and two reporting programs. A Stor package without the plus lists at 710 kr.

Holded

• Light€0

  Free invoicing with Verifactu for 1 user, limited to 20 invoices and 50 scanned expenses a year.

• Starter€19

  per month, excluding VAT

  1 user with unlimited invoices and expense scanning, 1 connected bank, VAT and income tax returns and a sales funnel.

• Basic€34

  per month, excluding VAT

  2 users, 5 connected banks, cash flow, 10 recurring invoices, recurring purchases and 1 free point-of-sale store.

• Standard€69

  per month, excluding VAT

  4 users, full accounting, unlimited banks, SEPA remittances, corporate tax forms and user roles.

• Advanced€115

  per month, excluding VAT

  7 users, custom roles and fields, payment reminders, cash flow scenarios and priority support.

• Premium€229

  per month, excluding VAT

  15 users, unlimited recurring invoices, multi-country VAT and 100,000 API calls a month.

Fortnox

• Startups

  First half year free for new companies

  Fortnox says a newly started company's first six months with the service cost nothing.

Holded

• Other savings

  50% off the first 3 months

  New customers get 50% off paid plans for their first 3 months, then the regular price applies, per the pricing page.

• Other savings

  Black Friday: 70% off for 3 months

  For new customers until 30 November 2026, every paid plan is 70% off for the first 3 months, in place of the usual 50%.