10 Free Accounting Software for Small Businesses

Are you looking for free accounting software for your small business? If yes, find here in this article, a list of the top 10 most popular free business accounting software for small and medium businesses.

Firstly, before finalizing accounting software, one must be clear about the requirement. If you are a startup and the accounting needs are not much, go for free accounting software or free version of the premium software. As your business grows you can opt for the paid version.

Small business owners in starting phase generally don’t need a feature-rich software for their accounting processes. Simple accounting software with basic features is normally enough for day to day financial operations for a small business.

List of Top 10 Free Accounting Software for Startups

top free accounting software

1. ZipBooks

Zip Books is an accounting software created by the California State Library and the NorthNet Library System. ZipBooks is free accounting software that sends invoices, tracks time and expenses, integrates with your bank & lets you process credit cards. ZipBooks helps in creating and deliver beautiful invoices and accept credit cards with the click of a button.

Who can use ZipBooks: ZipBooks is suitable for contractors, small businesses and accountants.

2. Money Manager Ex

Money Manager Ex is an OpenSource software created by Nikolay Akimov and Stefano Giorgio. Money Manager Ex is a free, open-source, easy-to-use personal finance software. Money Manager Ex is a portable app. You can use it straight from a USB stick without even installing it. For the Latest Price check at Amazon.

Who can use Money Manager Ex: This accounting software can be used for home and small business owners.

3. GnuCash

GnuCash is part of the GNU Project. GnuCash is personal and small-business accounting software, freely licensed under the GNU GPL. You can create invoices, credit notes, accounts payable and receivable, employee expenses. It’s available for Linux, GNU, OpenBSD, Solaris, Android, macOS, and Windows.

Who can use GnuCash: Professionals and business owners.

4. TurboCash

TurboCASH is a free accounting software created by a project team headed by Philip Copeman. TurboCASH is in a continuous development mode since April 1985. This free accounting software is highly popular in the US, Europe, Canada, and Australia. It can handle VAT, purchase orders, debtors and creditors, multiple companies and can be used by multiple users. This software is not suitable for home use or for personal use.

Who can use Turbo Cash: Turbocash is primarily aimed at small and medium-sized businesses.

5. QuickFile

QuickFile based in London is basically a free small business accounting software aimed at people who are not good at accounting. It is a cloud-based software and as a result, no desktop software installation is needed. You can use it online. The software helps in creating automatic invoicing, purchase/receipt management, quotations and supports multi-currency features.

Who can use QuickFile: It can be used by anyone who is not comfortable with accounting processes.

6. Wave

Wave is completely free accounting software. It is cloud-based and invoicing and receipts can be generated for free online. Wave accounting software is a very popular accounting software currently used by more than two million people. It is very user-friendly software.

Who can use Wave: It is most suited for the self-employed, traders, and freelance professionals.

7. SlickPie

SlickPie started in Vancouver, British Columbia and launched in August 2015. It is a simple expense management software packed with features like invoicing and billing, automated data entry, live bank feeds, financial reports, and much more. However, if your demand more features, they provide you with a paid plan.

Who can use SlickPie: The software is aimed at catering to the needs of small business owners.

8. SQL-LEDGER

SQL-Ledger is a free open-source double-entry accounting/ERP software. The entire system is interlinked through a chart of accounts. Each item in inventory is connected to income, expense, inventory and tax accounts. When items are sold and purchased the accounts are automatically updated. This free software can be customized globally.

Who can use SQL-LEDGER: It is aimed at small and medium-sized businesses.

9. Akaunting

Akaunting is an open-source completely free accounting software. It requires no setup fees and there are no hidden charges. Akaunting can be installed on your host. In addition, you can manage your accounts on cross-platforms like Mac, PC, Mobile Phone, etc. Your financial data remains secure while sending or receiving payments online through this software.

Who can use Akaunting: Suitable for small and medium-sized enterprises.

10. LedgerSMB

LedgerSMB is another open-source free accounting software.  It enables businesses to track invoices, payments, inventory, and day to day operations smoothly. The user interface is easy to use and can be customized as per your specific needs and requirements.

Who can use LedgerSMB: The software is mainly aimed at small and medium scale business companies.

In conclusion, choosing the right accounting software largely depends on your specific requirements. It is advised to take a hard look at your business needs and choose the most-suited free accounting software listed above.