When you’re starting a small business or keep a personal financial record, it is quite essential to use accounting software as it makes the bookkeeping task easier as compare to manual bookkeeping. In this post, we have been discussing about various best offline accounting software for your pc, which you can download and use free of cost. These accounting software for pc are available in both paid and free version. When it comes to choosing the right accounting software offline, there exist few key requirements which you should consider.
Do you need small business accounting software but are worried about paying for expensive software? Do you want to know your best options for free offline accounting software? Look no further because in this post I’ll share my insight on the best programs to download.
FreshBooks
FreshBooks is one of the best accounting software for small businesses that are based on the cloud, enabling access to accounting functions and data from anywhere anytime on any device. FreshBooks’s functionality spans over the areas of basic accounting, billing and invoicing, payment and expense management, and payroll, allowing small scale businesses to serve their accounting needs.
Pros
- Includes invoicing automation
- Cloud-based
- Offers a dashboard and reporting
Cons
- Not able to authorize external access
- Limited features for big business
QuickBooks Desktop Pro
QuickBooks helps you organize your business finances all in one place so you can complete your frequent tasks in fewer steps. Easily get set up, learn and use. No accounting knowledge is necessary and you can quickly import your data from a spreadsheet. Easily create invoices and manage expenses. And, QuickBooks ensures you’ll have reliable records for tax time. Have questions? Step-by-step tutorials show you how to create invoices, record expenses and more. Includes a 60 day money-back guarantee.
Sage Intacct
Gain real-time financial and operational visibility throughout your business. Leverage comprehensive financial controls to ensure security and compliance. Streamline your business processes using extensive automation to reduces labor, and save costs. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.
Tally
Much more than simple accounting software Tally ERP 9 is a complete business management software solution that also covers taxation, inventory, payroll and more business functions. Tally is perfect for businesses of all sizes to take control of their accounting and improve their business resources.
The simple, user-friendly interface allows for robust management of income, expenditure and cash flow with a range of accounting-minded key features including multiple company management capabilities, account payables management, unlimited cost and profit centers, credit management, budget and controls view, and many more accounting functions.
The program’s banking functionality makes automation and fast-banking a workable reality for businesses.
Pros
- Quick and simple installation
- Reliable and fast data transactions
- Definable user rights
- Data encryption
- Data back-up functionality
Cons
- Lack of customer service options
- Slow running on some functions
- Double entry required on certain functions
Xero
Xero is a beautiful, intelligent small business platform designed to make life better for small businesses and their advisors, and to help them grow and thrive. Xero’s online accounting software platform provides the foundation on which businesses can build a complete business solution. It connects businesses with their bank, accounting tools, their accountant, payment services and third-party apps, so everything is securely available at any time, on any device. Additionally, with Xero, accounting and bookkeeping practices gain access to efficient compliance tools, smart practice management software, and a cloud-based single accounting ledger for every client, in one place. Product features for small business: – Automatic data entry – Xero can eliminate data entry by pulling records of sales and expenses directly from banks, invoicing apps, point-of-sale systems, ecommerce sites and receipt scanners. – Bank connections – business transactions are copied directly out of the business bank account over a secure online connection so no one has to key in data. – Smart bank reconciliation – the software learns how users classify certain expenditures and makes suggestions. This can make bank reconciliation a simple click-to-confirm process. – Online billing – the software can be used to send invoices and offer customers multiple payment methods (such as credit/debit card and direct debit). It can also send automatic payment reminders for unpaid invoices. – Automated financial reporting – balance sheets and financial statements can be produced with the push of a button. Tax returns can also be pre-populated in some regions. – Business dashboards – vital stats in real-time such as money in, money out, money due, and money owed are constantly available on a visual dashboard. – Integration with other apps – Xero integrates with hundreds of other third-party business apps to help run a business with their unique industry and business administration challenges. Business apps include options to build a customised experience from inventory and logistics to cash flow, project management, customer relationship management, e-commerce and more.
SAP
SAP aims to simplify global accounting operations through fast, accurate, and automated processes and it largely achieves its goals.
The SAP ERP Financial Management software (running on Windows platforms) offers a range of accounting applications for general ledger, project accounting, managing budgets, financial reporting and multi-currency transactions. This effective software allows full control over many accounting functions including financial tracking, reporting, compliance, and collaboration processes.
Pros
- Includes a wide range of functions and options
- Easy to expand the program for company requirements
- Synchronizes with Microsoft programs like Word and Excel
- User-friendly
- Simple data-sharing
Cons
- Slow and complicated set-up
- Often needs third-party additions to get the full experience
- Many steps needed to complete each transaction
Sunrise
Sunrise is a hassle-free accounting platform for entrepreneurs who don’t want to get a degree in accounting just to run their business. Our easy user interface lets users complete their tasks in fewer clicks than any other accounting platform out there so they can focus on what matters, their customers. We offer full double-entry accounting for easy tax preparation, automatic bank-syncing, invoice customization and receipt capture tools.
Wave
Wave is another popular cloud-based free accounting software that is being used by over 2 million freelance accountants and small businesses. It’s used to manage day-to-day accounting, invoicing and payment, bookkeeping, payroll and reporting. Its powerful features and appealing design make it one of the most popular accounting and bookkeeping software. It provides exceptional navigation tools and user interface.
Pros
- Can connect with bank and credit cards
- Includes a dashboard and reporting function
- Offers receipt scanning
Cons
- Not suitable for larger businesses
- Has limited features
- No desktop software and mobile apps
QuickBooks Online Advanced
QuickBooks Online Advanced is the most powerful QuickBooks Online solution, designed for growing mid-size businesses with more complex finance and accounting needs. QuickBooks Online Advanced offers deeper insights, peace of mind and higher productivity to focus on key decisions to hit the next level. QuickBooks Online Advanced is cloud-based, SaaS accounting software designed to simplify accounting for mid-size and growing businesses. QuickBooks Online Advanced includes all the core accounting features of QuickBooks – and is enhanced with powerful tools like customizable business analytics, visual cashflow and revenue dashboards, custom user roles for 25 users, and online back-up and restore. Automated workflows and batch invoicing help save time and reduce cost. The mobile app gives employees real-time data access across multiple locations, and mileage tracking. Premium care, on-demand training and 24/7 U.S.-based technical support is included with Priority Circle membership.
Conclusion:
A number of accounting applications for small business could be found. These applications help the entrepreneurs and the managers, who run a small business to track sales and expenses and to work out their taxable income. The application has simplified the accounting procedure by providing some simple accounting software programs for easy collection of data