Our free accounting tools make it easy to keep track of your cash. These small business accounting software packages ensure that your records are always available, no matter where you are. Microsoft small business accounting software allow you to see all of your income and expenses from wherever you may be. All this is possible using business offline accounting software download or Microsoft business accounting software free download.
Free business accounting tools for small businesses. Accounting software download can be free with 60 day money-back guarantee! Small business accounting software allows you to control your expenses and generate quotes and invoices online. All in one offline, desktop and web-based small business accounting software combinations available at a very affordable price. For Windows, Mac and Linux operating systems available.
Wave
Wave is one of the best options available for sole proprietors, freelancers and small businesses. It’s a simple and straightforward option for managing cash flow and keeping your finances in order.
You can connect Wave to an unlimited number of bank accounts and credit cards to track your expenses. Wave also makes it easy to create customizable invoices. And Wave partners with OnDeck to provide small business financing options.
ZipBooks
Pros:
- Ability to send unlimited invoices, manage unlimited vendors and accept digital payments.
- Task, time and project tracking.
- Can work with third-party online payment platforms.
Cons:
- Payments and payroll integrations cost extra.
- Overall lack of integrations with other platforms.
- Lack of advanced features.
Why we like it:
ZipBooks provides a great set of features at a price that works for small-scale businesses or companies in their early stages that don’t necessarily need much in order to manage their finances. ZipBooks’ Starter plan is free, with two higher-level tiers that include more sophisticated features for a flat monthly fee, as well as a custom-priced Accountant plan. The ZipBooks Starter plan includes unlimited and customizable invoices, estimates and price quotes. You’ll also get a virtual dashboard to keep track of your business’s outstanding and paid invoices, as well as your overall finances. Plus, if you like ZipBooks Starter, you can always upgrade to a more feature-laden plan as your business grows.
There are a few downsides to ZipBooks, however. You’re limited to one bank account connection, unlike other free accounting software platforms that are more generous. If you want to use ZipBooks’ integration with Square and PayPal, you’ll have to pay credit card processing fees, just as you would with Wave.
Quickbooks Online
It’s considered to be a standard tool when it comes to small business accounting and bookkeeping. It offers many features and functionalities that most businesses require in running their day to day operations. Some of the tasks that Quickbooks perform include invoicing, inventory tracking, payroll, expense tracking and managing all bills from suppliers and vendors.
If you connect your bank account to Quickbooks online, the account activity is downloaded and then categorized in Quickbooks which saves time that could be taken to reconcile and compare all records with the actual account activity.
Odoo
Odoo accounting is part of Odoo’s open source business applications suite. The suite also contains customer relationship management (CRM), e-commerce, inventory, point-of-sale (POS) and project management functionalities. Odoo is suitable for organizations of all sizes. Some of its key features are accounts receivable and payable, customer portal, interactive dashboards and reporting.
An example of Odoo’s configuration and invoicing features.
Key Advantages
Odoo consists of several unique benefits that help it stand above its contenders.
- Free Version: The cloud-hosting version is completely free.
- Advanced Customer Statements: Access customer statement reports that enable you to navigate particular files to comprehend client use cases quickly.
- QR Codes: Scan QR codes on PDF invoices with the banking app to make payments. You can also use QR codes on the payment screen for quotes and invoices.
- Bill Digitalization: Manage artificial intelligence (AI) to automate PDF creation or image formatting files that are scanned and uploaded to vendor bills.
- Customizable KPIs: Adjust your KPIs following attributes: total earnings, client retrieval fees, product growth rates and more.
- Endless Yearly Closes: Implement prompt profit and loss calculations according to selected days. You may also pick pick days for other users.
- Country-Specific Statements: Manage country specifics such as Intrastat reports, VAT statements, profit and loss and balance sheets that list the country and more.
- Easy Tax Audit Reporting: Initiate tax report checking all auditing types. Odoo also audits journal items on tax reports.
- Advanced Taxes Management: The tax engine offers diverse tax computations such as included or excluded prices, percentages, grids, taxed taxes, partial exemptions and more.
- Budget Tracking: Track budgets and compare actual performances with several budgets. This tool also manages financial accounting or analytic account budgeting.
- Revenue Dashboard: Superintend various subscription-as-a-service (SaaS) metrics including MRR, Churn, CAC, CAC ratio, growth forecasts, ARR, CLT and CLTV in one centralized dashboard.
Deep Analytic Accounting
You can employ the accounting component to construct logical accounts that align with tasks, conditions and departments. It instantly records rational entries found in timetables, vendor invoices, manufacturing orders and more. You can distribute one value across several accounts with adjustable distribution and distinct tags.
Prompt Invoices
The invoicing tool permits you to inaugurate repetitive invoicing, transactions and restoration notifications.You can activate recurring revenues with contracts and receive notifications when contracts need renewal. This accessory enables you to create customer invoices and adjust payment terms, multiple taxes, discounts and price lists. You can also add several payments and cash discounts to an invoice and generate bills based on sales orders, timesheets and delivery orders. The invoicing accessory enables you to create prompt repetitive invoices, payments and renewal alerts.
Initiate Bill Payments
You receive a proposition of supplier bills to pay and print checks in batches thanks to Odoo’s billing module. This component keeps a record of your deposit tickets to execute bank reconciliations. You have access to instant wire transfers because this accessory automates payments to suppliers with single euro payments area (SEPA) restrictions on the correct payment deadline. The European Union established SEPA to simplify bank transfers that occur in Europe.
Other Mentionable Features
Odoo has plenty of other bookkeeping features to keep your finances afloat. These tools are:
- Numerous Forms of Payment Acceptance: Accept various forms of credit card payments such as Authorize.net, Ingenico, PayPal, Adyen and more while automatically sending emails, follow-up letters and tasks to supervise the credit collection process.
- Prompt Bank Feeds: Automate bank feeds from 15,000 banks and import statements from unsupported banks using OFX, QIF, CSV or Coda files.
- Modify Permissions: Set up several users with different access permissions.
- Variety of Reports: Leverage numerous account charts and reports such as profit and loss, cash flow statements, cash balance, executive summary and aged payables and receivables.
- API Conversion: Connect third-party applications with the web service, application program interface (API). Java, Python, PHP, c#, Ruby and other languages are supported.
Limitations
It’s critical to observe a program’s limitations as you shop. Odoo is no exception. Some of its shortcomings include:
- It doesn’t include a payroll module.
- Experiences technical bugs and glitches.
- The support team needs improvement.
Zoho Invoice
Zoho Invoice is one of the best options available when it comes to automating your invoicing workflow. The free version allows you to invoice up to five customers and create five different invoicing workflows.
You can use the software to create customized invoice templates, set up recurring invoices and set automatic payment reminders. But the free version is only available for one user, so it’s a better option for small businesses with limited bookkeeping needs.
Conclusion:
Offline accounting software are cost-effective computerized financial tools that are commonly used for small business accounting needs. The basic task of these free accounting tools is to maintain accounts of the income and expenses of a business. Offline accounting software is available in the form of manual software or desktop-based or website-based software that is easily accessible with an internet connection.