Hi there! Are you looking for Free Accounting Software South Africa? We provide accounting softwares which are recommended by top experts. Account is very good and useful accounting software for small businesses in South africa .
If you want to start your own business and need to know basic accounting and invoicing softwares, then you are at the right place!
Xero
Xero is a program that both small business owners and accountants utilize. This online program can be utilized through mobile devices, like Kashoo, as well as via computer.
Users can process invoices and send out billing statements directly online. These can be done through pre-set templates or custom creation. You can handle payroll, including payroll taxes through the program. Xero does also have the capability to convert data directly from QuickBooks. Over 500 tools are available to allow the user to customize the program to their company’s specific needs.
Users can also reconcile multiple bank or credit accounts. Data is offered through a single ledger, which is a feature that makes it easy for users and accountants to collaborate and work together. Xero also supports multiple currencies.
BEST FOR PART-TIME FREELANCERSQuickBooks Self-Employed
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 return. This software is designed for business owners who file a Schedule C on their individual tax return.
Without keeping up with business activity using a 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.
xTuple PostBooks
PostBooks is a free accounting software developed by xTuple. This software is best suited for manufacturing companies so if you are a manufacturer than PostBooks is for you.
With PostBooks you will not only be able to manage your accounting entries but you will also be able to manage your inventory and debtors with are the most key factors to your business success. You will also be able to manage your purchases and work in progress inventory so that you can run your manufacturing process efficiently.
XTuple PostBooks has value-added features that are offered at a price such as a customer relationship management and sales management.
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.
Akaunting
Talking about free, Akaunting is all free accounting software with no subscriptions involved. Akaunting will help your company to track.
- Cashflow- you will be able to track your company cashflow and how liquid your business is at any given point.
- Invoices- you will be able to track paid and unpaid invoices so that you can make follow-ups if necessary.
- Expenditure – all your expenses will be tracked and you will be able to know where you spend most of your money and if there are any cuts that need to be made.
- Clients – you will be able to track each client and know how much they owe you. This will help your business in making future decisions to borrow certain debtors.
Akaunting is a powerful software and can be used by many businesses. You can’t link business bank accounts on Akaunting.
BEST FREE SOFTWARE
Wave
Wave is an ideal accounting software platform for a service-based small business that sends simple invoices and doesn’t need to track inventory or run payroll. For many freelancers or service-based businesses, Wave’s free features will cover all of their accounting needs and is the best free software in our review. At year-end, accountants can pull the necessary reports from Wave to prepare a business’ tax return.Pros
- Free accounting, invoicing, and receipt scanning
- No transaction or billing limits
- Run multiple businesses in one account
- Unlimited number of users
- Mobile app
Cons
- Limited third-party app integrations
- Higher fees for credit cards and ACH payments
- Full-service payroll is limited to only 14 states
- No inventory management
Wave was founded in 2010 and is based in Toronto. The company has over 250 employees and was recently purchased by H&R Block. The foundational accounting features that most small businesses need, such as income and expense tracking, financial reporting, invoicing, and scanning receipts, are all included with this free software. These features can be accessed online or on the mobile app. Customer payment processing and payroll are considered premium services that cost extra, but all of the bookkeeping, invoicing, and reporting features are completely free.
Wave makes its money on its payment gateway. To process payment from a customer, Wave charges 2.9% plus 30¢ per transaction for Visa, Mastercard, and Discover, and 3.4% plus 30¢ per transaction for American Express. These fees are slightly higher than other accounting software. Additionally, to process an ACH payment, rather than a credit card, Wave charges 1% per transaction with a $1 minimum fee. This is unique to Wave, as the majority of accounting software does not charge a fee for ACH payment processing.
Wave offers two payroll plans as an add-on service. The first plan is $20 per month plus $6 per employee or contractor. In this plan, Wave will process payroll and prepare payroll tax calculations, but the user is responsible for manually completing payroll tax forms and submitting tax payments. The second plan is $35 per month plus $6 per employee or contractor. In this plan, payroll is full-service, which means that all tax filings and payments are completely managed by Wave. This full-service payroll option is only available in 14 states.
Kashoo
Kashoo is an accounting software program offered through the Apple App Store for iPad, iPhone, and web use. The format of this program is through the cloud and is widely used by smaller businesses already using any Apple product. The program allows small business owners to send invoices, manage finances, enter in expenses, and generate reports from the comfort of their own mobile device.
Accounts receivable and accounts payable are available through Kashoo, as well as cash management, CPA firms, and bank reconciliation. Users will be able to track expenses and income, and they will also be able to bill and invoice customers directly online. Payroll services are available, as well as spend and tax management services. One especially unique feature is Kashoo’s ability to enter handle multi-currency expenses.
Apple does offer a free trial for this program, with the starting monthly cost of $12.95 per month. Training is offered live online as well as through webinar format. Support is available online during business hours.
Conclusion
ZipBooks is the most reliable, low-cost accounting software that fits the needs of small businesses accounting software for small businesses free Convenience is everything when it comes to ease of use. Most importing features Convenience is everything when it comes to ease of use. Most importing features, simple user interface, ease of use, all in one package.