Free accounting software is one of the best accounting software for your laptop, desktop, or office. If you are searching for offline accounting software free download then no need to worry about that because this accounting software does not require any internet connection but it ensures you the best services at your business.
The best accounting software is free with user-friendly accounting software, small businesses can enjoy details in day-to-day accountancy. The magic of this offline accounting software is that it enables the users to access the reports at any point in time for a particular month or year.
This accounting software is completely free and available in all parts of the world.
Wave
Designed with the small-business owner in mind, Wave—which was acquired by H&R Block for around $400 million in July of 2019—prides itself on its simplicity and ease of use. Its intuitive user interface keeps the most important financial data front and center, accessible immediately after signup via any device with a web browser.
The idea here is that keeping things simple relieves much of the stress associated with accounting software. But don’t be deceived by this bare-bones approach; for a free piece of software, Wave is rich in features. This includes informative user dashboards, unlimited income, and expense tracking, and customizable invoicing and sales tax processes.
Other features include:
- Fast setup
- Bulk transaction updates
- Exchange rate conversions
- PayPal, Shoeboxed, and Etsy integrations
- Unlimited bank and credit card accounts
- Bill and invoice reminders
While the accounting app really is free, accepting payments (2.9% + 30 cents per credit transaction, or 1% per bank transaction) and running payroll ($20 per month plus $4 per employee) are paid, optional features.
Wave also appears on our Accounting FrontRunners list for 2021.
ZipBooks
If you are looking for an uncomplicated way to manage your business accounts, then ZipBooks is your answer. It is an all-inclusive, intuitive bookkeeping software with a design that pleases your eyes. You can move around the system and perform robust functions without getting lost, even when you are using it for the first time.
One of the handy lifetime free accounting software, ZipBooks maintains a flawless record of your business accounts. It takes care of everything – right from your balance sheet and general ledger to the income statement, trial balance, taxes, and reports.
You can track your day-to-day transactions, keep a check on the funds you owe and the money people owe you, apart from determining your business revenues.
The solution offers a hassle-free linking and reconciliation of your business bank accounts (even multiple) in just a few clicks. Moreover, you get synced details of your transactions right on your screen, eliminating the need to maintain paper registers altogether.
The highlight is its ability to categorize recurring data entries automatically through machine learning. That helps you save a lot of your precious time. In addition, you can assign a budget to your projects and track time for automated invoice conversion.
SlickPie
Best for: Small businesses with little experience in bookkeeping
SlickPie is an easy-to-use software for those who lack bookkeeping experience. A huge perk of SlickPie is its automation features, which include auto-recurring invoices and a built-in app called MagicBot that allows you to automatically add bills and receipts. You can also manage accounts payable by manually entering bills and marking them paid.
GnuCash
If you’re looking for free desktop accounting software for your small business, then GnuCash is a solid contender. To access this free accounting software option, all you have to do is go to the GnuCash site and download it for free—simple as that. Though GnuCash doubles as a personal and small business accounting software, it offers small business-specific features customer and vendor tracking, job costing, and invoicing.
QuickBooks
QuickBooks Self-Employed accounting software is our top choice for part-time freelancers and independent contractors who primarily want to track their income and expenses for their tax returns. This software is designed for business owners who file a Schedule C on their individual tax returns.
Without keeping up with business activity using software like this, freelancers would need to dig through all of their bank and credit card statements to add up their income and expenses at the end of each year, which can be quite daunting. QuickBooks Self-Employed will total up all business transactions automatically.
Pros
- Cloud-based
- Mobile app
- Track mileage
- Differentiate between business and personal expenses
- Syncs with TurboTax
Cons
- Data cannot be easily transferred to other accounting software
- Limited reporting
- Limited invoicing functionality and customization
QuickBooks Self-Employed is an Intuit product with a cloud-based online interface and a mobile app. This software was created to help freelancers stay organized each year for tax season. Features of QuickBooks Self-Employed include tracking mileage, sorting expenses, organizing receipts, sending invoices, and estimating and filing taxes seamlessly through TurboTax.
Users can choose between three plan options: Self-Employed at $15 per month, Self-Employed Tax Bundle at $25 per month, and Self-Employed Live Tax Bundle at $35 per month. There is a 50% discount for the first three months. The two tax bundles include a TurboTax subscription for income tax filing. The Self-Employed Live Tax Bundle also gives you access to a CPA to answer questions throughout the year and during tax season. The CPA will also perform a final review of your tax return in TurboTax prior to filing.
The mobile app makes it easy to track mileage while driving and capture photos of receipts for business expenses. Most accounting software is not designed to separate business transactions from personal transactions, but a special feature of QuickBooks Self-Employed provides an option to mark each transaction as business or personal. This is helpful for freelancers who don’t have a separate bank account for their business activity.
Akaunting
The curiously named Akaunting had its first stable release in 2018 and has been growing steadily ever since, with 180,000 downloads, 80,000 cloud users, and 10,000 project contributors, according to the Akaunting website. It is available in almost 50 different languages.
Akaunting aims to remove the stigma of open source software being difficult to use, claiming to get users up and running and fully functional in less than five minutes. Users can download the main accounting core, which includes all the standard accounting features small businesses will need, and add optional features as app downloads. Some of these optional apps include contract management, documents management, white-label customization, and some integrations are paid.
If you run into trouble, free support comes through extensive online documentation, and community forums, and chat rooms. The project is also monetized through a paid, dedicated support service, starting at $99/month if you really need help and don’t mind spending to get it.
Core features include:
- Modern, intuitive, mobile-ready interface
- Free updates for life
- Advanced reporting
- Customer and vendor management
- Recurring billing and invoicing
- Categorization and bulk actions
Conclusion:
From credit card handling, expense management to money management, these free accounting software can handle it all. With features such as an advanced payment tracker and electronic invoicing/statements, these free accounting software are equipped with everything you need to grow your small business.