Finance management is not a walk in the park for most small business owners. Fortunately, there are several accounting software tools that can help. The best part? Many of these tools are available for free, which is useful for small business owners.
Free accounting software for your small business
Each small business accounting software includes its own set of features. In the case of many free tools, users can access the features needed to balance books, create financial reports, and prepare for the tax season.
Of course, some of the more advanced features related to inventory management and revenue and expense tracking may not be available in the free version. But this may not be true for all options.
Best Free Accounting Software
With so many free accounting software options available, it can be a bit confusing to choose the right one for your business. Let’s take a look at some of the best accounting software tools available.
1. Wave of accounting
Many companies rely on Wave to keep up with their accounting needs. What makes it popular among small business owners is its ease of use. It also includes options such as unlimited revenue and expense tracking. That is, for a small business with limited resources, Wave is a good choice for managing your accounting.
One of the drawbacks of using this tool is that it does not allow users to keep track of accounts payable. It also doesn’t have an advanced mobile app, which can make it less accessible than other free software tools.
Some of its main features include:
- Unlimited number of users
- Exportable accounting reports
- Limited integrations of third-party applications
2. BrightBook
Many freelancers and independent contractors rely on BrightBook as the accounting solution for their business. There are many features that are offered. Some of these include financial reporting, billing, and assistance with financial statements. There is a downside, though. BrightBook has no mobile support.
Some of its main features include:
- The full range of features is available free of charge
- Comprehensive business visibility
- Limited reporting features
3. GnuCash
GnuCash is a free desktop accounting software for small businesses. It can be downloaded to Windows, Mac OS X and Linux. It doesn’t have a great interface, but once installed it can support many of your accounting needs. The software is specially designed for sole proprietors who need help with day-to-day accounting.
Some of its main features include:
- Budget management tools
- Supports internationalized dates and currencies
- No customer support
4. Zoho Books
Designed for businesses with less than $ 50,000 in annual revenue, Zoho Books is a solid solution that includes a number of accounting features. On their platform, companies can find a simple solution for managing invoices and sales orders.
Some of its main features include:
- End-to-end accounting functions
- Mobile application
- No payroll management resources
5. TurboCASH
With TurboCASH, businesses can access free open source accounting software. Your TurboCASH 4 plan is completely free. The program allows you to set up your accounting system and quickly adjust it to your needs.
Some of its main features include:
- Cloud based
- 24/7 customer service
- Ease of managing documentation
6. Akaunting
Akaunting is popular with small business owners and the self-employed. Many of its key features are available for free, which explains its strong user base. Some of these useful features include transaction categories, cash flow management, and expense tracking. In addition, the platform is cloud-based, allowing users to access it from anywhere and from any device.
Due to its massive reach, Akaunting is available in more than 50 languages. On the other hand, Akaunting does not have a solid customer service.
Some of its main features include:
- Open source software
- Single window with extensive accounting functions
7. Fiverr workspace
Fiverr Workspace is free accounting software for freelance and freelance contractors. It is not a complete accounting solution, but it has a number of basic features to offer. These features are useful for companies to perform basic tasks such as sending invoices, tracking expenses, managing contacts, and tracking time.
On the downside, the free plan allows companies to bill a single customer. To add more customers, companies need to upgrade to a payment plan.
Some of its main features include:
- Basic reports
- Project management tools
- Brand turnover
Free accounting software
Accounting and bookkeeping go hand in hand. This is why almost all accounting software tools include an accounting feature.
Let’s look at some free small business accounting software solutions.
8. Alba
Sunrise is one of the best free accounting software for accounting. It is a great tool for companies looking to classify their expenses. Its completely free plan offers companies various functions and flexibility to manage accounting efficiently.
Some of its main features include:
- Supports unlimited invoices
- It allows users to generate profits and losses
- Payment integrations are missing
9. ZipBooks
ZipBooks is another feature-rich accounting and accounting solution. It offers a free plan called ZipBooks Starter that includes features such as basic accounting and balance sheet reporting. It also includes certain bases related to budgets and invoices.
Some of its main features include:
- Unlimited invoices
- Supports digital payments via PayPal and Square
- Allow users to sign in to only one bank account
10. NCH Express Accounts
For businesses with less than five employees, NCH Express Accounts is a simple yet highly efficient accounting solution. An accounting and desktop accounting software solution, NCH Express Accounts enables businesses to prepare tax returns with financial reporting, save time with sales tax tracking, and document all incoming and outgoing cash flows.
Some of its main features include:
- Ease of use
- Option to chat with representatives
What is the best free small business accounting software?
While there are many solutions available for free, Akaunting is the best. It comes with a number of features and has been a free accounting software for small businesses around the world.
What is the best free accounting software?
When it comes to accounting, Sunrise is the best option available. It is designed to make accounting easier for small businesses and its simple self-service plan is ideal for business owners with cash difficulties who are interested in managing their business finances.
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