Are you looking for an easily managed accounting software that meets your every need? If you are, then you don’t have to look any further. Free Small Business Accounting Software South Africa is everything you are looking for.
Free small business accounting software south africa – Keeping your business successful for years to come doesn’t have to be hard. With the right small business accounting softwares, managing your finances can be one of the easier tasks you accomplish today.
FNB instant free accounting software
This accounting software is free for FNB business account holders. One of the best all-round free software in South Africa, FNB instant accounting has a variety of features to help you run your day to day business finance.
The software is capable of storing all your clients and creditors and it is linked to your business account. Whenever you make a payment to a third-party you can record the transaction instantly. It helps with managing your employees’ salaries so you can perform monthly debit orders for employees’ salaries and make automatic data captures to relevant accounts.
The software also helps with your VAT calculations, using this function you will cut off your VAT accounting costs and do it yourself. You will be able to pay all your SARS bills using this software such as paying PAYE, Skills Development Levy, and UIF for employees and directors.
GnuCash Free Accounting Software
GnuCash is open-source accounting software and it is freely available to anyone who wants to make use of it. GnuCash is available for Linux, Microsoft, and Mac OS. GnuCash can be optimized to fit South African standards of accounting and has built-in IFRS and GAAP functions. There is more to benefit from using this software and the benefit is not only monetary but also the quality of output that the software offer. Further benefits include
- Double-Entry Accounting
- Stock/Bond/Mutual Fund Accounts
- Small-Business Accounting
- Reports, Graphs
- QIF/OFX/HBCI Import, Transaction Matching
- Scheduled Transactions
- Financial Calculations
If you are looking for multicurrency free accounting software that is linked to your business bank account and offers flexibility then GnuCash is for you.
ZipBooks
ZipBooks offer three accounting sofware solutions and only one is for free. For a very small business with no sophisticated accounts needed to operate your business you might consider ZipBooks as your accounting software choice.
The free ZipBooks software is easy to use and all you to link your business bank account and PayPal account to the software to make accounting easier. However, on a free ZipBooks website, you will have to make reconciliations for yourself since the plan doesn’t cover such. With ZipBooks you will be able to manage unlimited customers and make unlimited invoices for free.
Money Manager EX
Money Manager EX is an open source accounting software that is delivered for free. The software is very easy to use especially for your everyday use.
The software helps you keep track of your cash flow and budget. You can import a CSV document to the software from your bank to get started.
Bokio For UK Businesses
Bokio Bookkeeping software is for small businesses in the United Kingdom.
Their software is compliant with Making Tax Digital and it’s mobile friendly.
Creating a user account is fast and easy.
What You Get with Bokio Accounting
- After signing-up for your free account you will be emailed a downloadable handbook called Introduction to Accounting in Bokio which explains how to get started with your bookkeeping and all the things that come with it such as double-entry bookkeeping, chart of accounts and much, much more.
- You can access a Help center from your user account and you can contact Bokio directly for help.
- You can track VAT if you are registered and use the software to file your digital tax return.
- Create and send invoices to customers with a few clicks and receive notifications for overdue invoices. They can be sent by email or downloaded as a PDF. You can also manage credit invoices.
- Enter and track bills from suppliers so that you are never late again to pay (so long as you have the funds in your bank account!)
- Scan and Upload receipts from your phone so you always have a copy of your receipt within the system (rather than have them floating around in your bag!).
- You can see and manage all the ledgers which is specifically helpful for reconciling your bank account ledger (make sure it balances with your actual bank account).
- See important business reports such as the Profit and Loss and Balance Sheet.
- A to-do list is auto updated to help you keep on track with payments.
- Give access to your Accountant or employees.
The above features are all completely free but for £10 a month you can get priority support.
What You Don’t Get with Bokio
- They do not provide a live feed from your bank account so transactions will not be automatically added to your bookkeeping records.
- There is no payroll feature.
- You cannot keep a fixed asset register or multi-currency bank accounts.
- VAT cannot be filed without Making Tax Digital.
Bokio are continuously working behind the scenes and you can be added to their email list to be notified when any new features are integrated.
An interesting alternative to Bokio is the free accounting software called QuickFile. It is MTD compatible, has bank feeds, sales invoicing, rich reports and much more.
Brightbook: Best for Creative Professionals and Freelancers
Best for Creative Professionals and Freelancers
Brightbook is a web-based accounting solution tailored to suit the needs of independent contractors, freelancers, and small business owners — though it tends to work better for the former two.
The program is essentially designed to democratize accounting software. It has an extensive suite of features available for free — including resources for invoicing, visibility into your cash flow, financial reporting, and drafting financial statements — along with some paid features available for one-time fees.
One area where Brightbook struggles is its lack of mobile support. The program doesn’t have a mobile application, and it can’t be accessed via mobile browsers. And the application itself isn’t quite as sophisticated as some of the more well-established options.
Still, Brightbook is a solid option for freelancers or independent contractors — specifically creative professionals. It’s a little bare-bones, but it still covers a lot of bases that other options on this list might have stuck behind paywalls.
If you’re looking for a comprehensive suite of accounting features and don’t mind working with a relatively stripped-back program, consider checking Brightbook out.
Brightbook’s Key Benefits
- Can be used for multiple companies
- Interface gives you solid visibility into most aspects of your business
- Full suite of features is free
Brightbook’s Key Drawbacks
- Fairly bare-bones — lacking some more sophisticated features
- Can’t be accessed via mobile
- Reporting features are limited
Conclusion
Smaller businesses in South Africa often adopt individual accounting software, which is most likely provided by their accountant. However, if they don’t work with an accountant, most small businesses stick to QuickBooks Self-Employed . It is widely regarded as the best accounting software for freelancers and micro-businesses. But, not everyone knows about these free alternatives.