Are you an entrepreneur, freelancer, or graphic designer searching for the best free accounting software that can help you manage your business better? Every business owner understands how important it is to manage finances, tax and cash flow but this may be quite challenging for business owners who have little or no knowledge of accounting.
However, there are so many free accounting software packages available online which enables business owners who are on a budget to manage their finances easily and accurately. These software packages come with some advanced features and user-friendly interface; they are also compatible with different devices like Linux, Mac, and Windows.
Some of these free accounting software sites look very dated as they do not have the budget to building flashy front ends. If the look puts you off, go for one of the freemium accounting tools.
What are freemium accounting tools?
Freemium refers to a business model where companies offer a product with minimum functionality, you can then upgrade anytime as your business/invoicing grows. For example Slickpie Online accounting’s free starter package lets you add 10 clients. Once you get more clients, you then upgrade top their pro package.
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Known for its top-notch features, Money Manager Ex is an easy to use and open-source accounting software. It features a portable android app that can be downloaded, saved and used from a USB stick without installation; you can also create, and update your account while on the go. Due to its simplicity, the Money Manager Ex remains the best choice for sole traders.
With over 2 million users, wave accounting is a web-based free accounting software perfect for students, small business owners, freelancers, churches, entrepreneurs and non-profit organizations. It helps users to generate financial statements, create receipts, invoices and connect an unlimited amount of credit cards and bank accounts. People who need technical support must upgrade to paid services; payroll is also exempted from free services.
GnuCash is a free accounting software perfect for small business owners, individuals, and non-profit organizations. It helps users create payroll, employee expenses, credit notes, invoices, account receivable and payable with support for different types of currencies and credit cards. GnuCash supports devices like Android, Windows, Linux operating systems and Mac OS X, Android. Due to its flexibility, GnuCash remains the best accounting software for kitchen table businesses.
This is an open source software perfect for small and medium scale businesses. It allows the user to connect all bank accounts and credit cards needed to track and manage account receivable and payable. However, the major drawback of this software is that it isn’t cloud-based. The software must be downloaded to a system before making use of it.
SlickPie is free online accounting software for small business and people with little or no experience in bookkeeping. It provides online invoices, quotations, automatic receipts, tax, expenses tracking, financial reports and a built-in app known as MagicBot which allows users to add bills and receipts automatically. It supports multiple currencies and payment processing like PayPal, Stripe and credit cards. With SlickPie, users can also manage accounts payable by entering bills and marking them paid manually.
Developed in 1985, TurboCash is free accounting software for people who need something more useful than a cash book. It is also perfect for small and medium scale enterprises who do not want to spend much on accounting software like QuickBooks. It offers a wide range of features which include purchase orders, spreadsheet integration, VAT calculation, inventory and invoicing management, and purchase orders. At present, it has over one hundred thousand users.
ZipBooks is a free accounting software that features a modern and user-friendly interface, invoicing, expense management tools, bookkeeping functionality, color-coded reports, balance sheet reporting, unlimited invoicing, auto-reconciliation, billing, intelligent insights, and other advanced features for people who choose to upgrade to the paid version. ZipBooks makes accounting easy and provides unlimited bookkeeping, unlimited invoicing and also accepts payment through PayPal and credit cards. It has a limit if one user and one connected bank account with the starter plan.
With over 300, 000 users, Adminsoft Accounts is a free accounting softwares for small businesses. It does not only handle invoicing, receipts and statements but also helps out in some HR functions, stock control remittance advice, budgeting, purchase orders. One beautiful thing about this software is that it is a genuine freeware software that does not bore the user with unnecessary adverts. Although Adminsoft Account is a UK program, it works perfectly well with other currencies.
NCH Express InvoiceKnown as a front end software for web-based service, NCH Express Invoice is designed for organizations with less than five employees. With this free accounting tool, small scale businesses can create invoices, quotations, orders and automate recurring once. This amazing accounting software is available for MAC, Ipad, Androids, and PC.
VTS Cash Book is a fast and easy to use accounting software that can be used to prepare VAT returns, create profit and loss, ledgers and balance sheet and record day to day cash transactions. This amazing accounting software makes use of auto-complete to support multiple banks account, prepare VAT, speed up data entry and allows you to create profit and loss balance sheet. Also, it is installed alongside its companion which is the paid for VT transaction+. However, you don’t need to buy the paid version before using the VT Cashbook.
Quickfile is solely a cloud-based free accounting software which can be accessed only with internet connected devices. It features automatic invoicing quotes, purchase and receipt management, and supports the use of multi-currency like Bitcoin, PayPal, Sagepay, and Strip. This software is designed specifically for non-accountants.
Finally, the free accounting softwares listed above can help you manage your finance efficiently and carry out business processes with little or no stress.