Need accounting software? Wondering if free accounting software is the same as free accounting software download? Wondering why you should use accounting software at all? Read on to find out.
We need to do our accounting works properly. Whether you are running a small business or an enterprise, without proper accounting nothing makes sense. You also would want to know how to do your accounting works properly like ensuring tax deductions, deal with budgets and expenses etc. Accounts are not only for businesses; there are personal financial accounts too. But, what is the best way to keep your accounts? Do you know about free online accounting software download? Yes, this is it.
Wave
Best for: Sole proprietors and small businesses
Wave offers an extensive list of features for free – and they’re free forever. It’s a web-based software, and information is automatically backed up in the cloud. Wave allows you to manage accounts receivable, generate financial statements, and connect an unlimited amount of credit cards and bank accounts.
One downside of Wave? It doesn’t allow you to track accounts payable – the money a business owes to its suppliers or creditors. But that’s offset by great software design, simple setup, and included email support.
GnuCash
GnuCash is another renowned free financial accounting software, ideal for small business and personal accounting. The freely licensed solution works across operating systems, including Windows, Mac, Linux, and Solaris.
Purposely designed as a simple-to-work-around software, GnuCash still packs in the desired level of scalability and powerful features. Using this software can enable you to manage your bank accounts, income, expenses as well as mutual funds from a single platform.
To make things familiar and more convenient for a layman, its register resembles a checkbook type design. And you can even customize its appearance.
Based on the principles of professional accounting, GnuCash provides you with error-free reports and balanced books at all times. Your transactions get recorded as per the double-entry accounting system. Plus, you can schedule repetitive transactions and set automatic reminders too. In fact, postponing scheduled transactions is also possible with GnuCash.
That’s not all. The solution can present accurate information about your financial position in the form of graphs, such as piecharts and bar charts, and standard, custom reports. There is bank reconciliation, invoicing, tax terms, vendor, and customer tracking as well.
It also supports multiple currencies, budget, and payroll management.
Akaunting
You should also consider a free accounting software called Akaunting. This option offers many of the most necessary features that a small business accounting software should. Within this technology, you’ll be able to invoice, sync accounts, track expenses, set up recurring bills, manage customers, and manage vendors. However, to access more advanced features like online payments, for example, you’ll have to download third-party apps that will cost you a yearly fee on top of whatever fees you have to pay for this third-party account.
Long story short, creating an Akaunting account won’t cost you anything, but as you navigate this software, you’ll realize that all the capabilities that you might expect to be ready-to-use will rely on your purchasing these third-party apps.
SlickPie
Best for: Small businesses with little experience 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.
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.
CloudBooks
With the free version of CloudBooks accounting software, you’ll be able to add unlimited users, invoice, create projects, perform integrated time tracking, track expenses, and provide estimates. That said, you’ll have to upgrade from the free version—and pay at least $10 a month—to be able to send more than five invoices per month, brand your invoices, and offer online payments on your invoices.
Sunrise
Best for: Small and medium-sized businesses
Sunrise provides bookkeeping software for small businesses. Users can easily search and categorize their business expenses, send customized invoices, and receive online and recurring payments. Their self service plan is free and allows users to send unlimited invoices, process unlimited transactions, and run cash flow reports. Sunrise also offers bookkeeping services for additional support.
Free accounting software is a great way to manage finances and simplify business processes. Looking to streamline your sales process? Check out this article on best sales tools for small businesses.
Zoho Invoice
If you’re looking for the best free accounting software to automate your invoicing workflows, then Zoho Invoice will be a top option. With the free version of Zoho Invoice, you’ll be able to invoice customers and manage payments through a single account. You’ll also be able to customize and brand invoice templates, track expenses, and interact with customers through a client portal. Not to mention, you can run integrated time tracking for yourself and employees for project billing.
NCH Express Accounts
With NCH Express Accounts, you can bid farewell to your business accounting woes. Counted among the top free accounting software, NCH Express Accounts is a reliable solution to document, organize, and monitor the cash coming in and going out of your firm. Although the system is useful for businesses of any size, it can be an ideal choice for companies with a team of fewer than five.
The Express Accounts simplifies the tracking of your accounts receivables and sales. You no longer have to make entries of recurring invoices or orders as the system has the functionality to automate those tasks. Furthermore, there are tools to generate invoices and professional quotations.
What about accounts payable? It takes care of it in the same way with transaction tracking, purchases order generation, and check creation and printing.
The bookkeeping software offers seamless analysis and reporting of your financial standing with 20+ types of report generation. The list includes sales reports, P&L statements, and balance sheets; preparing you to be tax-ready.
It supports multiple users and multiple businesses.
What’s more is, the solution is accessible online, as well as on your local network. With its mobile-friendly interface, you can access it from any device.
Conclusion:
At one time or another, most virtually everyone needs to use some sort of computerized accounting software. Many business owners have used a free online accounting software program in order to keep track of their enterprise’s financial performance. However, with so many different programs available, choosing the right free accounting software can be a nightmare!