The 12 Best Free Accounting Programs for Small Businesses

by admin

Shoebox Accounting (putting everything in one box and sorting later) can be crippling to your business. Small businesses today need an accounting software that is cost-effective, current, and capable of handling all financial tasks needed to run their business. Consider using these free accounting systems if you are unhappy with your existing system or want to set up one.


1. GnuCash(r)

GnuCash offers a simple and organized bookkeeping solution for businesses. GnuCash can be downloaded for Android (r), Linux (r), Windows (r), OS X (OS X), FreeBSDm(r), GNU (r), and OpenBSD(r). This software includes accounting tasks such as invoice management, accounts receivable and payable along with payroll and expense tracking.

Capterra (r) is a review site that says:

It is easy to use, and can be used by most people immediately. It’s free and free of malware. Users can expand their use of the software to include more complex accounting steps (year end closing, splitting across accounts, etc.). As much as they want.

2. CloudBooks(r)

CloudBooks provides a cloud-based solution for small business and freelancers. The software includes features such as billing, invoicing, project management, and time tracking. CloudBooks offers a 30-day free trial, after which it costs $10 per month. reviews features:

CloudBooks (r), which tracks how and where users spend their time, ensures that invoices will be generated accurately. Expenses can also be tracked in real-time and added to invoices. Clients can choose to pay by credit card, PayPal(r), checks, cash, or on a one-time or recurring basis.

3. Wave(r)

Wave is the perfect solution for small businesses and sole proprietors. Accounting, receipts and invoicing are all free. Payroll features are not available and you will have to pay for personal technical support if needed.

Wave is rated 4 stars out of 5. Here you can read the pros and cons of actual users.

4. Forward AI Predictor

Predict uses artificial intelligence to forecast cash flow for small businesses to avoid disruptions. This platform allows you to compare and set up cash flow forecasts. It can generate forecasts for up to a year in advance. This tool connects directly to your existing accounting software including QuickBooks (r), Xero(r), and others. AI uses this data to make intelligent predictions about future expenses. This tool is free.

5. Inv24(r)

Inv24 provides online invoice software that includes Excel and PDF templates. Basic accounts are completely free. Easy-to-use, convenience and security are the pros. The main goal is to “make invoicing more comfortable”.

6. Brightbook(r)

“Hate accounting? Brightbook is a free online accounting system for small businesses, freelancers and contractors. The program is web-based and has unlimited usage. It claims to require no accounting knowledge. You can see your current financial situation as soon as you log in. This includes who you owe, who you owe, and how much cash you have. Cloudwards, an online review site, identifies two weaknesses: Brightbook lacks many advanced features and it does not have bank feeds. Cloudwards has more information about the pros and con of Brightbook.

7. Adminsoft (r) Accounts

Adminsoft is more feature-rich than other free accounting software. It describes itself as “a money-management toolkit designed for small business owners”. This 100% free program, which does not include advertising like other programs, has been used by more than 300,000. Adminsoft does more than just invoicing and statements. Adminsoft also has stock control, purchase orders and budgeting capabilities, as well as some HR features.

8. ZipBooks(r)

The ZipBooks site states: “Not fake news: ZipBooks users save 15% of their time doing mundane bookkeeping tasks”. This accounting software was created to help small business owners succeed. We don’t know how they calculated the percentage. The software includes unlimited invoicing and bookkeeping. It also allows you to manage and connect one bank account. Pay plans ranging from $15 to $125.00 per month can give you more features.

9. Akaunting(r)

Akaunting, an open-source accounting solution for small businesses. Akaunting is available as a platform that can be downloaded. Akaunting claims 270,000 users have chosen this option. Akaunting also offers free cloud-based accounting software to another 150,000 users.

Akaunting has many exciting features.

  • Customer Management You can easily create files for every customer with Akaunting and give them easy access to the client portal. The client can pay and receive your invoices.
  • No fees for invoices. You won’t be charged any fees when you send your invoices via Akaunting.
  • Automated Invoices You may automate invoices, bills and other revenue-related activities to maintain your cash flow.
  • Financial Reporting Akaunting provides comprehensive reports that keep your business finances under control.
  • Open source software design. Because Akaunting’s code is open-source you can modify it to enhance your data security or structure the platform as you wish.
  • Multilingual and multi-currency. You can use Akaunting in any language and with any currency.

Akaunting is a powerful tool because it has all of the features listed above. Its main strength: its versatility. The only downside is that it can be harder to reach a customer service agent than paid platforms.

10. Zoho(r) Invoice

Zoho, a free accounting software designed for small businesses, focuses on invoicing. It allows small business owners to create and send invoices that are professional and to remind clients who have not paid you. Zoho invoice includes features such as expense and time tracking.

Zoho Invoice has many features that make it stand out.

  • Customizable Invoice Templates. Zoho invoices offers a gallery with templates that you can use to create your invoices. These templates can be customized to your liking and you can add your own logo.
  • Multiple channels for sending invoices You can send invoices through Zoho Invoice via SMS, Email, or the Zoho Client Portal.
  • Tracking your status Zoho will tell you if an invoice has been received, sent, paid, followed up, or re-sent.
  • Automated invoicing, payments and reminders. You can save time by automating your invoices and payments.
  • Zoho Invoice supports multiple payment methods. You can choose from cash, check, credit card, and ACH.
  • Multiple languages and currencies. Zoho allows you to work in many different languages and currencies, allowing you the flexibility to collaborate with clients around the world.

Zoho is known for its modern, user-friendly interface. Also, it is easy to integrate with other Zoho products such as Zoho Books and Zoho Inventory. These extra tools are not free, and Zoho Invoice is no exception.

11. Express Accounts (r)

Express accounts by NCH Software (r) is an accounting platform that focuses on accounts payable, receivables, and financial reporting. It is divided into four different silos.

  • Accounts receivable and sales. Automate your financial reports, recurring orders and invoices. Express Accounts also allows you to create quotes.
  • Financial Analysis and Reports Create up to 20 different types of reports. Generate balance sheet and Income statements.
  • Accounts Payable Track your debts and pay them. You can create check and purchase orders.
  • Advanced accounting features. When you purchase the commercial version instead of the free version, you will get advanced features like multi-business accounting. Free tier includes automatic data backups and integration with Inventoria (r) inventory management platform.

Express Accounts is the best choice for small-business owners who only need basic accounting features. Express Accounts may not be the best choice if you require more advanced features. The somewhat clunky, outdated interface may prove difficult to use for all business owners.

12. Sunrise(r)

Sunrise offers a free self-service software, but it is primarily an accounting consulting service. Sunrise can be used to:

  • Track and categorize all of your transactions. As soon as you link your bank accounts and credit cards to Sunrise, it will begin tracking them.
  • Importing transactions manually and automatically. You can add new entries at any time, in addition to automating the expense and revenue automation.
  • Track and customize invoices Add a logo to visually appealing, organized invoices Often, you can create and send invoices in just a few simple clicks.
  • Accept online and mobile payment. With Sunrise’s SunPay(r) tool you can accept payments from clients via mobile and internet. This means that there are fewer barriers to your clients when it comes time for payment.

Sunrise offers small businesses a comprehensive accounting package that is free and easy to use. Sunrise’s only way to get in touch is via an online form. This could leave you stuck if you need help urgently.

Accounting resources for small businesses

Are you ready to start using a free accounting platform for small businesses? Read the SmartBiz Loans (r) accounting guides before you sign up to prepare yourself:

  • What’s the difference between a balance sheet and an income statement? These forms are important for small business accounting. You should know how they overlap.
  • Small business accounting tips every small business should use.
  • Tips for Small Business Accounting With these tips, you will be more prepared to handle any accounting challenges.

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