Top 8 Free Accounting Software for Business Owners
Tags: Accounting, Financial Reporting, Bookkeeping, Invoicing Software

Top 8 Free Accounting Software for Business Owners

List of Top 8 Free Accounting software:

1) Moneypex

2) ZipBooks

3) TurboCASH

4) Cloudbooks

5) SlickPie

6) GnuCash

7) xTuple Postbooks

8) Wave

With the advent of accounting software, organizing business finances has superseded past thresholds of efficiency. The laborious task of manually adding every transaction is no longer required, freeing much needed time and effort to improve business performance.

But with this enhanced efficiency comes a dilemma: What software should you choose among the countless options available? The easier part about his choice is that you are looking for an accounting software that isn’t only effective but free. This significantly narrows your options.

Here are the top 8 FREE accounting software you can choose between:

1. Moneypex

Ideal for: Medium-sized businesses looking for a powerful and simplistic software

Moneypex is a free accounting software. Despite providing an extensive range of features, Moneypex is highly easy to use with its simplistic interfere. You can learn to navigate the app the first time you use it.

Aside from unlimited invoices, tracking expenses and bills, supplier management, Moneypex allows you scan unlimited documents and has a swift customer support system.

Drawback: Free version only allows you to create 20 bills.

2. ZipBooks

Ideal for: Small business not only wanting to record transactions but make basic inferences from those recordings.

The free version of Zipbooks allows you to make unlimited invoices, manage unlimited vendors & customers, and view basic reports about your performance. One of the major positives is that it allows you to accept payment via credit card or Paypal.

Drawback: Limitation of only one user and one bank account can be connected to the software.

3. TurboCash

Ideal for: Medium-sized business

TurboCash offers a range of features such as spreadsheet integration, inventory and invoicing management. It can also support multiple companies and users.

The reason it is ideal for medium-sized business is that it offers several advanced features those familiar to bookkeeping users.

4. CloudBooks

Ideal for: Freelancers

The free version offers sufficient features for freelancers but would be inadequate for small businesses.

It offers invoice management, email support, and, unlimited users. Moreover, you can create reports and directly send them to your clients.

Drawback(s): Invoicing feature limits you to one client and five invoices and an unfriendly user interface.

5. SlickPie

Ideal for: People with little experience navigating digital software

SlickPie undoubtedly is ‘slick’ in operation. The interface is simple which makes this software extremely easy to navigate. Moreover, the ‘automation’ feature makes SlickPie stand out — it allows you to automatically create auto-recurring invoices. An in-built app called MagicBot also allows you to automatically add bills and receipts. The automation and easy to use operation does not reduce functionality or features of this app.

If you have trouble using software in general, SlickPie is the right option for you.

6. GnuCash

Ideal for: Sole proprietors and small businesses

GnuCash supports a wide variety of platforms: Linux, Windows, and MAC OS X. Its flexibility extends to multiple languages and currencies. Some of the key features are managing invoices, employee expenses, accounts payables and receivables, and some payroll features.

One defining positive of GnuCash is that it allows you to combine personal and business account into one account while saving their information in separate files. You can access them separately but keep track of the components that interchange between both accounts.

Drawback(s):

1. Lack of integration with tax software.

2. Only one user can access the data file at one time.

7. xTuple PostBooks

Ideal for: Medium-sized businesses

Being an enterprise resource planner, xTuple allows you to track sales, integrate inventory, and take benefit of the customer management system alongside the usual accounting features. Moreover, you can connect unlimited bank accounts and credit cards since xTuple is an open-source software.

Drawback: No cloud access since the software is downloaded to your computer.

8. Wave

Ideal for: Medium-sized businesses looking for a powerful and simplistic software

Despite providing an extensive range of features, Moneypex is highly easy to use with its simplistic interfere. You can learn to navigate the app the first time you use it.

Aside from unlimited invoices, tracking expenses and bills, supplier management, Moneypex allows you scan unlimited documents and has a swift customer support system.

Drawback: Free version only allows you to create 20 bills.