At the initial stage of any business, entrepreneurs are often busy with critical tasks, such as creating brand awareness and attracting new prospects to their offerings.
While taking care of their critical to-do-list, they often end up ignoring the need of having a separate accounting function. Accounting is critical for enabling transparency in business operations and can be handled efficiently with the right set of technologies.
Manager Accounting software is a free solution that allows users to work seamlessly even when they are offline. While you are working offline on desktop and laptop, it ensures uninterrupted access to the financial data and programs.
Features:
- It is available for Windows, Mac OS X and Linux
- The software ensures project-based accounting
- Facilitates accrual-based accounting
- Profit & loss statement
- Fixed asset management
Pros:
- It provides all additional features you’d expect from any customized accounting software.
- The software provides no time limit, usage limit, or any advertisement.
Cons:
- Reporting features can be further improved.
CodeAchi Easysell is one of the easiest options to manage your accounts, inventory and GST. This accounting software free download full version, offline version provides smart interface to manage business income and expenses.
Features
- Compatible with any kind of retail business
- Helps manage your Inventory with barcode
- Provides multiple billing and invoice templates
Pros:
- Helps track sale and purchase easily
- Allows creating cost estimates
- Safeguards data from unauthorized access
Cons:
Features are quite limited depending on the needs of retail 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
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.
Giddh is an online accounting software used for bookkeeping purposes and managing finances. The accounting management system helps with invoicing, GST compliances, inventory management, bank reconciliation, data management and more.
The GST software performs the best when used for imparting the data, sharing it, and collaborating with others. The cloud-based GST accounting software allows you to access your books from anywhere. Further, Giddh software facilitates Tally integration along with in-depth reporting and analytics.
Giddh Accounting Software Features
- Create inventory & track inventory expenses
- Create professional-looking invoices
- Multi-currency support
- Bank reconciliation to analyse cashflow
- Helps file GST returns
- Manage contact details of vendors & customers
- Bank level security of financial reports
- Advanced finance reporting tools
- Easy sharing of financial data
Pros:
- Customizable dashboard for assessing your financial health
- Mobile application support
- Highly secured because of its bank-level security
- Friendly and supportive customer services team
Cons:
- Can have more reporting types.
Akaunting is an online accounting software for small businesses to manage their invoicing and online payments details with ease. With this free best accounting software, you can keep track of expenses online. Further, it’s tablet and mobile ready, making it possible to work on the go.
Features:
- Billing expenses
- Bank accounts
- Powerful reporting
- Transaction categories
- Client portal
- Customer summary
- Inventory management
- Vendor management
Pros:
- Easy-to-use Interface
- Multilingual admin & client panel
- Complete data ownership
Cons:
- You need to be a bit wary about the privacy of your financials as it’s an open source software.
CloudBooks is a free accounting software for small businesses, which allows them to manage unlimited users and invoices with ease. It also helps create estimates and track expenses to have a better control over the company’s cash flow. Also, finances can be handled as per your ongoing projects.
Features:
- Client management
- Invoice management
- Email support
- Unlimited staff users
Pros:
- It ensures secure data storage on the cloud
- Complete email support
Cons:
- You can send only five invoices per month
- With the free version, you dent get branding features
ZipBooks bookkeeping software helps record payments easily in just a few clicks. Also, you can create invoices according to projects and share them with as many clients as you want. Not just that, its free version makes digital payment easier and is ideal for traders, e-commerce sellers and wholesalers.
With this software, you will not have to bother at the time of tax filing. As, all your finance data will be available in an organized manner.
Features:
- Send unlimited invoices
- Manage unlimited vendors & customers
- Accept digital payments with PayPal
- Generates Basic Reports
- Allows connecting with one bank account
Pros:
- Provides several invoice templates which can be customized
- There is no limit to sharing invoices with the free version
- For start-ups, managing transactions online becomes quite easy.
Cons:
- It doesn’t allow scheduling recurring bills
- Also, you cannot automate reminders for payment.
SlickPie is a free accounting software which is helping many SMBs manage their finances efficiently. With its free version, you can manage 10 different accounts on a single account and will also get the email support. Also, there isn’t any limit to receipt entries.
Craeting professional invoices is another benefit of SlickPie accounting software free. You can create unlimited quotes and estimates and also get paid from your clients easily via PayPal.
Features:
- Set-up recurring invoices
- Creates quotes and estimates
- Provides live bank feeds
- You can send online invoices
- You can also track sales tax
Pros:
- You can manage your business finances through any device
- It provides bank-grade security to your financial data
- Generates invoices for multi-currency
Cons:
- It doesn’t provide advanced built-in reporting features
GnuCash free accounting software for small business financial accounting. It’s a powerful yet flexible software, with an easy user interface. Using this software, you can ensure accurate reports and balanced accounts books.
Features:
- Double-entry accounting
- Stock/bond/mutual fund accounts
- Provides reports and graphs feature
- Allows scheduling transactions
- Makes financial calculations hassle-free.
Pros:
- GnuCash is also available for Android app.
Cons:
- Provides limited features for basic accounts management.
Pricing: It’s a free software.
Conclusion:
No matter whether you are running a small or a mid-sized business, keeping your accounting functions organized is a necessity. The better is your control on your company’s cash flow, the more successful you can be. And, the secret to growing your business from mid-sized to a large enterprise also lies in streamlined accounting.