Many companies that want to purchase accounting software for small business. However, many small businesses have a hard time finding one for free. In fact, most accounting software is not designed with small businesses in mind. And if they are, the cost is simply too much. But at Accounting Software Free Download for Small Business, we have a variety of software applications that can solve all your problems!
So, if you are planning to start a small business and looking for an accounting software then check out the article below:
Wave: Best for Sole Proprietors and Small Businesses
Best for Sole Proprietors and Small Businesses
Wave Accounting is one of the more tested, reliable options listed here. It’s an accessible, intuitive program that doesn’t require much — if any — training to understand.
Its entire suite of accounting features is available for free — including unlimited income and expense tracking, the ability to run multiple businesses from a single account, and unlimited bank and credit card connections.
Most of Wave’s issues are relatively nit-picky. For one, it doesn’t allow users to track accounts payable. It also doesn’t have a comprehensive mobile application for its accounting features.
Still, the program is one of the sounder, more robust free accounting applications available, and it’s scalable enough to accommodate everyone from independent contractors to sole proprietors to small business owners.
Wave’s Key Benefits
- Accessible setup and interface
- Unlimited bank and credit card connections
- Unlimited income and expense tracking
- Exportable accounting reports
Wave’s Key Drawbacks
- Can’t track accounts payable
- No comprehensive mobile application
ZipBooks: Best for Small Businesses Looking to Upgrade From Spreadsheets
Best for Small Businesses Looking to Upgrade From Spreadsheets
ZipBooks is a web-based financial software with a solid suite of accounting features. The company offers a free plan called ZipBooks Starter — an option that includes basic bookkeeping functionality, along with profit, loss, and balance sheet reporting.
It also covers certain invoicing and quote-related bases — plus the ability to accept payment via credit card or PayPal. It’s a powerful, easy-to-use solution, but its free plan is extremely free plan-ish.
The program’s features you can access with a free plan are restricted to the point that it might be easy to outgrow. You can only link one bank account and view basic reports with its starter option. Should your needs extend beyond that, you’ll need to upgrade to one of its premium plans.
And while those upper-tier plans are reasonably priced, they’re obviously not what someone who wants a free plan is looking for. Again, the solution itself is sound, but if you want a free program that will remain free as you scale, you should look elsewhere.
ZipBooks’ Key Benefits
- Unlimited Invoices
- Ability to manage unlimited vendors and customers
- Accepts digital payments via Square and Paypal
ZipBooks’ Key Drawbacks
- Only allows you to connect one bank account
- Only lets you view basic reports
GnuCash: Best for Sole Proprietors
Best for Sole Proprietors
GnuCash is a free, open-source accounting solution that can be downloaded for Linux, Windows, and Mac OS X. It offers double-entry accounting resources, a checkbook-style register, scheduled transactions, and customizable visual reporting.
GnuCash’s initial setup and somewhat dated-looking interface might turn a lot of potential users off. But if you’re willing to tough out its tricky installation and don’t need your accounting solution to be particularly pretty, you’re left with a solid application that covers a lot of bases for free.
That said, it’s not much of a long-term solution for businesses anticipating a lot of growth. It’s better suited for sole proprietors who need a program to get them through their day-to-day. If you fit that bill, check GnuCash out.
GnuCash’s Key Benefits
- Double-entry feature ensures books balance
- Budget management tools can help plan financial strategy
- Works on a variety of operating systems
- Can handle internationalized dates and currencies
GnuCash’s Key Drawbacks
- Installation is less straightforward than most other platforms
- Interface isn’t particularly accessible or visually appealing
- No customer support
CloudBooks: Best for Freelancers and Small Businesses
Best for Freelancers and Small Businesses
CloudBooks is a free accounting and invoicing solution tailored to accommodate small businesses and freelancers. The program boasts a user base of over 2 million subscribers and has a suite of capabilities that cover invoicing, time-tracking, reporting, and payment needs — among others.
The platform is an invoice management solution, above all else — and that can be a benefit or drawback in its own right, depending on what you need.
While CloudBooks has features extending beyond that functionality, invoicing appears to be its main selling point — meaning it’s not quite as fully fleshed out with accounting functionality as other programs listed here.
So if you’re looking for exceptional invoice creation and management software, you should check out Cloudbooks. If you need a more robust accounting-specific solution, you might want to look elsewhere.
CloudBooks’ Key Benefits
- Allows for unlimited users
- Features email support
- Offers free cloud data storage
- Upgraded plans are reasonably priced
CloudBooks’ Key Drawbacks
- Only lets you bill one client
- Caps your number of invoices at five
- Lacks phone or chat support
Sunrise: Best for Small Businesses Looking for a Bookkeeping Solution
Best for Small Businesses Looking for a Bookkeeping Solution
Sunrise is one of the more prominent bookkeeping applications available for small businesses. Users can leverage the program to easily search and categorize business expenses, send customized invoices, and receive recurring payments.
It offers a free, self-service plan that provides businesses with a decent suite of features and a fair amount of flexibility when it comes to bookkeeping — allowing for unlimited invoices and transactions.
Sunrise sets itself apart from other bookkeeping solutions with its dedicated bookkeeper services, but those services come at a hefty premium. As I mentioned, its free plan is self-service — which works for small businesses but might not be sustainable as your business expands.
Ultimately, Sunrise is a straightforward, effective bookkeeping software with a free plan that can suit the needs of several small businesses. If you need a relatively short-term bookkeeping solution with a reasonable upgrade fee, Sunrise’s free plan is worth checking out.
Sunrise’s Key Benefits
- Lets you manage income and expenses
- Lets you send unlimited invoices
- Lets you generate profits and losses
Sunrise’s Key Drawbacks
- Suite of features is pretty restricted, relative to that of its paid plan
- Lacks payment integrations
- No cash flow insights or alerts
Vyapar
Free GST Billing App for Accounting & Invoicing
Vyapar accounting software for android is available free. It helps in managing GST reports and stock inventory management. This is one of the best billing apps for accounting, which provides all basic functionalities without any limitation. It also keeps data secure while simplifying the process of making GST bills and sharing them with your clients.
Features
- Professional GST Invoice templates
- Organizes products into categories to ensures that you never run out of stock
- The auto backup functionality to keep your business data secure
- Critical business reports like Profit and Loss reports, Inventory Reports, and more
- Allows sharing invoices and business reports digitally.
Pros:
- Designed especially for small businesses to manage their invoices, receipts, payments and inventory on the go.
- It works even when you are offline
- Fulfils all basic accounting needs of SMBs
- Businesses can also generate financial reports and calculate taxes automatically with this free accounting app.
Cons:
- Doesn’t provide the advanced features for project accounting and payroll management.
Pricing: Its premium plans start at Rs 99 per month.
Wave Accounting Software
Free Online Accounting Software for Small Businesses
Operating the Wave Accounting Software is as easy as signing up on Google. As soon as you sign up on Wave, you get unlimited features to manage your finances, capture receipts and get paid from your clients on time. You can send unlimited invoices and estimates with your clients to ensure timely payment with this free GST accounting software.
Features
- Helps automate income and expense tracking
- Ensures record accuracy
- Helps stay compliant with the latest GST rules
- Easily sync transactions from online bank account
- Promotes error-free bookkeeping
Pros:
- It doesn’t save your bank account and password details, thus making data secure
- Allows creating the perfect invoice for generating payment
- This free GST software also helps manage bills, receipts, and vendors.
Cons:
- The software cannot be used to put money in or withdraw money from bank accounts
- Its payroll feature is only available for the US and Canadian businesses.
Pricing: It’s a completely free accounts software.
Zoho Invoice
GST Invoicing Software for Mid-Sized Businesses
Zoho Invoice, is the best for managing invoicing workflows. Attached to this best accounting software, you would find time tracking features, invoicing templates and expense reporting. All these features make project and billing management related tasks a breeze.
Businesses with the turnover of less than 1.5 Crore can benefit significantly from the free GST billing software plan of Zoho Invoice and sign up directly through their GSTN.
Features:
- Expense tracking functions
- Client portal to interact with customers
- GST invoicing with GSTIN, place of supply and HSN/SAC codes
- Reporting & GST filing
- Inventory & e-Way bill
Pros:
- 5 Automated Workflows
- SSL Encryption
- Two-factor authentication
- Snail Mail
- Timesheets and other time tracking tools
- Multi-currency Support
- Recurring Invoices
Cons:
- You can send invoice only up to 5 customers, so it’s not apt for large enterprises.
Pricing: Zoho Invoice comes with three different pricing plans per organization per year – Standard at Rs 2499, Professional at Rs 9,999 and Premium at Rs 19,999.
Go GST Bill
Free GST billing software designed especially for Indian businesses
The free version of Go GST Bill software provides many essential features, such as, sales and purchase invoice and payment receipt. It also helps with stock management. You can further generate sales/ purchases as much as 3000 per year.
Features:
- Simple reporting features
- Send invoice and quotation via email
- Helps keep track of expenses
- You can easily create unlimited products
- Allows managing the stock with one click
Pros:
- Email support & 15 days phone support
- You can add as much as 25 items in a single document
- Fewer advertisement
Cons:
- You cannot import products and customers from Excel
- Provides limited invoice templates
Pricing: Go GST Bill’s one-year premium plan is available at Rs 999 per month.
Sleek Bill
Online Invoicing Software for Modern Businesses in India
With Sleek Bill, you can create beautiful invoices and GST documents in a simplified manner. You can also create tax invoice, export invoice and delivery note. This free GST billing software is compliant with the latest GST rules and is a great tool for tax management. It provides many unique invoice templates to help your business stand out.
Features:
- Attractive user interface
- GST tax calculation
- Smart tax reports
- You can make purchase orders & bills
- Allows you to print invoices and share through email
Pros:
- Ensures data safety on the PC
- Helps manage billing & accounting as per the latest GST rules
- Provides GST optimized reports
Cons:
- There’s a limit of 10 documents per month
- No dedicated support
Pricing: You can opt for its online or offline premium plan is available at Rs 1999/ year.
Conclusion
Free accounting software is a tool which helps you in managing your business by providing you with the all the necessary information. The tool saves time and provides you with various options when it comes to recording the transactions in your files.