5 of 12 Best Free Accounting Software A Comprehensive Guide

softwarebuck April 25, 2021 0 Comments

List of Top 12 Best Free Accounting Apps & Software

Product | Unique Selling Point | Pricing —|—|— Vyapar| Free GST billing app for accounting & invoicing | Its premium plans start at Rs 99 per month Wave Accounting Software | Free online accounting software for small businesse | It’s completely Free Zoho Invoice | GST invoicing software for mid-sized businesses | Standard at Rs2499, Professional at Rs 9,999 and Premium at Rs 19,999. Go GST Bill | Free GST billing software designed especially for Indian businesses |Go GST Bill’s one-year premium plan is available at Rs 999 per month. Sleek Bill | Online invoicing software for modern businesses in India | You can opt for its online or offline premium plan is available at Rs 1999/ year. ZipBooks Bookkeeping Software | Ensures accurate bookkeeping in three simple steps | Its premiumversion start at Rs 1000 per month. SlickPie | Online accounting software with easy-to-use interface | Its Pro plan starts at Rs 2800 onwards. Akaunting Software | Open source and free accounting software to track expenses with ease | It’s completely free to use CloudBooks | Free bookkeeping & invoice software for time tracking and expensemanagement | Pro for Rs 700 per month and Agency for Rs 1400 dollar per month. GnuCash | A powerful & flexible software to track bank accounts, income and expenses | Available for free Manager Accounting Software | It’s a fully-featured accounts softwaresupported by Windows, Mac, and Linux | All features are available for free CodeAchi Easysell | GST software, which includes sales, purchase and inventoryfunctions | It’s a free software for small businesses. Best Free GST Accounting SoftwareGST accounting software has become the need of the hour, as it helps SMBs andlarge enterprises manage their finances as per the latest guidelines. With asoftware to make bookkeeping and tax calculation tasks easier, businesses canfocus on offering the best to their customers.

1 of 12 Best Free Accounting Software: A Comprehensive Guide

> Free GST Billing App for Accounting & InvoicingVyapar accounting software for android is available free. It helps in managingGST reports and stock inventory management. This is one of the best billingapps for accounting, which provides all basic functionalities without anylimitation. It also keeps data secure while simplifying the process of makingGST bills and sharing them with your clients.Features * Professional GST Invoice templates * Organizes products into categories to ensures that you never run out of stock * The auto backup functionality to keep your business data secure * Critical business reports like Profit and Loss reports, Inventory Reports, and more * Allows sharing invoices and business reports digitally.Pros: * Designed especially for small businesses to manage their invoices, receipts, payments and inventory on the go. * It works even when you are offline * Fulfils all basic accounting needs of SMBs * Businesses can also generate financial reports and calculate taxes automatically with this free accounting app. Cons:Pricing: Its premium plans start at Rs 99 per month.

2 of 12 Best Free Accounting Software: A Comprehensive Guide

> Free Online Accounting Software for Small BusinessesOperating the Wave Accounting Software is as easy as signing up on Google. Assoon as you sign up on Wave, you get unlimited features to manage yourfinances, capture receipts and get paid from your clients on time. You cansend unlimited invoices and estimates with your clients to ensure timelypayment with this free GST accounting software.Features * Helps automate income and expense tracking * Ensures record accuracy * Helps stay compliant with the latest GST rules * Easily sync transactions from online bank account * Promotes error-free bookkeepingPros: * It doesn’t save your bank account and password details, thus making data secure * Allows creating the perfect invoice for generating payment * This free GST software also helps manage bills, receipts, and vendors. Cons: * The software cannot be used to put money in or withdraw money from bank accounts * Its payroll feature is only available for the US and Canadian businesses. Pricing: It’s a completely free accounts software.

4 of 12 Best Free Accounting Software: A Comprehensive Guide

> Free GST billing software designed especially for Indian businessesThe free version of Go GST Bill software provides many essential features,such as, sales and purchase invoice and payment receipt. It also helps withstock management. You can further generate sales/ purchases as much as 3000per 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 clickPros: * Email support & 15 days phone support * You can add as much as 25 items in a single document * Fewer advertisementCons: * You cannot import products and customers from Excel * Provides limited invoice templatesPricing: Go GST Bill’s one-year premium plan is available at Rs 999 per month.

5 of 12 Best Free Accounting Software: A Comprehensive Guide

> Online Invoicing Software for Modern Businesses in IndiaWith Sleek Bill, you can create beautiful invoices and GST documents in asimplified manner. You can also create tax invoice, export invoice anddelivery note. This free GST billing software is compliant with the latest GSTrules and is a great tool for tax management. It provides many unique invoicetemplates to help your business stand out.Features: * Attractive user interface * GST tax calculation * Smart tax reports * You can make purchase orders & bills * Allows you to print invoices and share through emailPros: * Ensures data safety on the PC * Helps manage billing & accounting as per the latest GST rules * Provides GST optimized reportsCons: * There’s a limit of 10 documents per month * No dedicated supportPricing: You can opt for its online or offline premium plan is available at Rs1999/ year.Best Free Accounting Software for Small BusinessesAccounting software is the key to the growth of small businesses who often endup compromising with manual processes. A single mistake in financialbookkeeping can impact your cashflow significantly. It’s time to go with oneof the best accounting software for small business and get the most of it. * ZipBooks Bookkeeping Software

6 of 12 Best Free Accounting Software: A Comprehensive Guide

> Ensures accurate bookkeeping in three simple steps.ZipBooks bookkeeping software helps record payments easily in just a fewclicks. Also, you can create invoices according to projects and share themwith as many clients as you want. Not just that, its free version makesdigital payment easier and is ideal for traders, e-commerce sellers andwholesalers.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 accountPros: * 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.Pricing: Its premium version starts a Rs 1000 per month.

7 of 12 Best Free Accounting Software: A Comprehensive Guide

> Online accounting software with easy-to-use interface.SlickPie is a free accounting software which is helping many SMBs manage theirfinances efficiently. With its free version, you can manage 10 differentaccounts on a single account and will also get the email support. Also, thereisn’t any limit to receipt entries.Craeting professional invoices is another benefit of SlickPie accountingsoftware free. You can create unlimited quotes and estimates and also get paidfrom 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 taxPros: * You can manage your business finances through any device * It provides bank-grade security to your financial data * Generates invoices for multi-currencyCons: * It doesn’t provide advanced built-in reporting featuresPricing: Its Pro plan starts at Rs 2800 onwards.

8 of 12 Best Free Accounting Software: A Comprehensive Guide

> Open source and free accounting software to track expenses with ease.Akaunting is an online accounting software for small businesses to managetheir invoicing and online payments details with ease. With this free bestaccounting software, you can keep track of expenses online. Further, it’stablet 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 managementPros: * Easy-to-use Interface * Multilingual admin & client panel * Complete data ownershipCons: * You need to be a bit wary about the privacy of your financials as it’s an open source software. Pricing: It’s completely free to use.

10 of 12 Best Free Accounting Software: A Comprehensive Guide

> A powerful & flexible software to track bank accounts, income and expensesGnuCash free accounting software for small business financial accounting. It’sa powerful yet flexible software, with an easy user interface. Using thissoftware, 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 softwareFree Offline Accounting Software to Download? Find HereStart your financial management journey by downloading accounting softwarefree with an intuitive interface. This is a few offline accounting software,which will let you work even when you are not connected to the internet. * Manager Accounting Software

11 of 12 Best Free Accounting Software: A Comprehensive Guide

> It’s a fully-featured accounting software supported by Windows, Mac, and> LinuxManager Accounting software is a free solution that allows users to workseamlessly even when they are offline. While you are working offline ondesktop and laptop, it ensures uninterrupted access to the financial data andprograms.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 managementPros: * 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. Pricing: It’s completely free.

12 of 12 Best Free Accounting Software: A Comprehensive Guide

> GST software, which includes sales, purchase and inventory functionsCodeAchi 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 andexpenses.Features * Compatible with any kind of retail business * Helps manage your Inventory with barcode * Provides multiple billing and invoice templatesPros: * Helps track sale and purchase easily * Allows creating cost estimates * Safeguards data from unauthorized accessCons:Features are quite limited depending on the needs of retail businesses.Pricing: Its free for small businessesHow to Evaluate the Best Free Accounting Software OnlineAs a small business owner, it’s important to keep an eye on the cash in andcash out. Tools like accounting software helps in recording payments andtracking expenses. With the help of software, you can get an insight into thefinancial health of your business and take necessary steps.However, all this is possible if you get the right accounting software thatmeets your business requirement. A software that helps analyse financialhealth of your business from different sources.You can get the best one for your business by taking care of these importantfactors: * Costs: Whether you are looking for the best free accounting software for small business with basic but essential features, or a paid application with additional features. It depends on your budget and capabilities that you expect from the software. * Usability: The choice of right accounts software also depends on your team size and your current infrastructure setup. A cloud-based accounting solution requires no internal IT setup and the subscription charge is comparatively low. On the contrary, the desktop-based accounting software requires an internal setup and server for data storage and sharing. You might also need an app-based accounting software for your remote employees who often update accounting status on the go. * Features: What functions you need to perform with the accounting software? Do you just need to manage account payable & receivable or need bank reconciliation function also? Top free accounting software along with the paid ones provide many additional features like inventory management, time tracking, payroll, project management, and more. * Compatibility: The accounting software you choose must be compatible with the operating system and other computer applications you are currently using. An incompatible accounts software will only disrupt the existing function rather than serving any purpose. Your IT team can help in figuring out a compatible accounting software with your existing system. * Security: Your financial data is vulnerable to cyber threats.So, go for an accounting software which ensures data security and confidentiality with advanced safety features. Look for security features beyond data encryption and restricted access. Top Alternatives to the Best Free Accounting SoftwareProduct | Pricing —|— Busy Accounting Software | The basic plan comes at Rs 7200 Tally ERP 9 | Its Silver plan starts with Rs 18,000 per month and its Goldplan is available for Rs 54,000 on monthly basis. ProfitBooks | It starts at Rs 3500 per month for one user. QuickBooks | The first-year subscription for QuickBooks starts at Rs1,500/Year. Zoho Books | It starts at Rs 2499 per year. Busy accounting software is quite popular among small and medium businesses asit’s simple to use and easy to configure. With this software, you can managepayroll processes and tax calculations efficiently. It’s especially useful forGST billing and filing. All GST related processes can be streamlined with oneof the best accounting software.Pricing: The basic plan comes at Rs 7200.Tally.ERP 9 saves a considerable amount of time and effort in managing GSTtransactional information. Everything is managed as per the books and thelatest GST rules with Tally Accounting. Further, this top accounting softwarehelps identify discrepancies and fill GSTR-9 efficiently.Tally ERP 9 Price: Its Silver plan starts with Rs 18,000 per month and itsGold plan is available for Rs 54,000 on monthly basis.OR Check Tally erp 9 educational version free downloadProfitBooks account management software is one of the professional accountingsoftware, which makes tasks like invoice generation and payment much easier.This software further helps track day-to-day expenses and record bankingtransactions.Pricing: It starts at Rs 3500 per month for one user.Quickbooks accounting software ensures quick payment from your clients withreduced need of follow ups. Every process is automated and customizedaccording to specific customers. Further, your customers can search forinvoice easily with PO number.Pricing: The first-year subscription for QuickBooks starts at Rs 1,500/Year.Zoho Books is an online accounting software, which is used for sendingprofessional invoices and receiving payments online. It also tracks andrecognizes expenses to give you a better control over your cash flow. Byconnecting Zoho Books with your bank account, you can have a better controlover your income and expenses.Pricing: It starts at Rs 2499 per year.FAQs About Best Free Accounting SoftwareQ. Is Wave Accounting free?Wave is a completely free accounting software, with no limit on the number ofinvoices you can create or contacts you can save. However, the features forpayroll, bookkeeping and payment processing comes with its premium versiononly.Q. Is there a free version of Quickbooks?There isn’t any free version of Quickbooks. However, depending upon yourrequirement and country where you are operating your business, the price andtrial period vary. You can opt for different promotional offers to get thebest deal. Also, Quickbooks accounting software plans often come with 30-daytrial for free.Q. What is the cheapest accounting software?With different accounting software options available, you may find itdifficult to get the one which suits your budget. Fret not! There are so manyfree accounting software options available, which will help you have a bettercontrol over your company’s cash flow. Some of the most popular freeaccounting software are: * ZipBooks bookkeeping software * Wave accounting * Easy accounting software * Microsoft small business accounting software * QuickFileQ. Which is the easiest accounting software?Accounting doesn’t have to be a cumbersome task anymore. There are manyfeature-rich accounting software solutions which are also easy to use.Depending upon the experience level of your accounting team, you can opt forany of these popular accounting programs: * QuickBooks * FreshBooks * Zoho Books * GoDaddy Bookkeeping * FreeAgentIt’s advised to go for online demo and trial of a few accounting software forsmall business to find the right one for your business needs.Q. Which is the best accounting software for a mid-sized business?No matter whether you are running a small or a mid-sized business, keepingyour accounting functions organized is a necessity. The better is your controlon your company’s cash flow, the more successful you can be. And, the secretto growing your business from mid-sized to a large enterprise also lies instreamlined accounting. You can opt for any of these top best accountingsoftware systems to manage your finances: * Xero * Sage 50Cloud * Zoho Books * FreshBooks * Intuit QuickBooksBest Free Accounting Software for NonprofitsNonprofit organizations are often on tight budgets. Every dollar spent must bethought out and accounted for. Not every nonprofit can afford to hire aprofessional accountant, and many nonprofits rely on in-house accountingmethods. If you don’t have the funds to hire a professional, free accountingsoftware can help guide your organization in the right direction.

Free Accounting Software Options for Nonprofits

When considering a free accounting program for your nonprofit organization,keep in mind what tasks you need the program to perform and if there are anyspecific reports you are interested in producing. Every program has somethingdifferent to offer so choose the one that will best match your needs.

Leave a Reply

Your email address will not be published. Required fields are marked *