Best Open Source and Free Accounting Software

Why Free Accounting Software?

A freelancer, a graphic designer, a startup, or whatever profession you are involved in if you are running any kind of business, you need some kind of accounting software to stay on top of things.

But it’s not always necessary to invest huge sums or learn something complicated. There is some fantastic free accounting software available in the market, and we have listed 10 of them that will help you take your business to the next level.

Top 10 Free Accounting Software Options for You

List of the Best Free Accounting Software

1. Akaunting

Akaunting is an open-source design, especially for small and medium-sized businesses. This free accounting software covers everything from invoicing to expense tracking. It is built using modern technologies such as Laravel, Bootstrap, jQuery, SwiftMailer, API, etc.

Features

• Customer Management: Create clients as well as send invoices to them.
• Vendor Management: Create vendors and then assign them bills and payments
• Add non-billable expenses to keep bank, and cash account balances up to date
• Tracks inventory
• Create unlimited bank and cash accounts and track their balances.
• MULTI-CURRENCY support
• Create finances of multiple companies from a single admin panel.
• Robust financial reporting to visualize the information
• Give discounts to your clients from the usual cost
• View your customer profile, address, list of transactions, and overdue totals at a glance.
• Add unlimited attachments.
• Set different names for different taxes and then attach specific taxes to specific products.

Pricing

Free. No hidden charges, no setup fees.

2. Manager

A manager is the most comprehensive accounting software available in the market. It is a free accounting tool available on Windows, Mac, and Linux platforms.

Features

• Supports multiple languages, local tax codes, local currency, and date formats.
• It doesn’t require an internet connection all the time; your work can be done offline on your laptop without losing access to your data or program.
• The software has a universal database, meaning the accounting file can be created on windows and then transferred to Mac OS X or Linux if the need arises.
• Manager Server uses ultra high-frequency Intel Processors with turbo speed up to 3.3 GHz, which makes data processing faster.
• It doesn’t require installation; you can access your accounting data from anywhere with a web browser.
• Its server version can be installed on your on-site server to store all your accounting data on a machine you manage.
• Create as many users and as many businesses as you want. There are no limits, no tier on the amount of data that can be stored on a single server.

Pricing

• Desktop Edition: Free
• Cloud Edition: 39 USD/month
• Server Edition: One-Time Purchase of Server License for 390 USD

3. ZipBooks

Zipbooks is a simple, beautiful, powerful, and free accounting software that will provide you with tools and intelligence to take your business to the next level.

Features

ZipBooks tracks account receivables to keep an eye on your customer’s accounts and identify where they take longer to pay.

With ZipBooks, there will be no paper check register, just enter your bank information and decide which account you want to pull information from. Once ZipBook verifies the report, it will automatically ensure all your transactions are streamlined.

Invoices, bills, and other transactions created within ZipBooks will be transferred automatically to your accounting records. Besides this, you can also input other transactions made outside ZipBooks to keep your records perfect.

ZipBook uses Machine learning to make bookkeeping simple.

Pricing:

• Starter Package: Free
• Smarter: $15/month
• Sophisticated: $35/month
• Services: $125/month

4. Slickpie

Slickpie is designed primarily to fit modern small business needs, and it is efficient enough to do all the heavy lifting work to deliver the most delightful expense management experience.

Features

• Send your invoice automatically at any time and anywhere and track it whenever your clients have opened or viewed it.
• Multi-currency support
• Allows your customers to pay their invoices using major credit cards in the market, such as Visa, MasterCard, and American Express. You can also choose payment gateways like PayPal and Stripe.
• Keeps the information safe and secure by using encryption during transactions.
• Manage all your business taxes- municipal, state, regional, provincial, Federal, etc. into your company account.
• Import Data from your bank accounts, credit card, and Paypal transactions to ensure that your business books and accounts are always synchronized and up-to-date.
• It brings you Financial reports such as Aged Payable, receivable, General ledger, Journal Report, Trial Balance, etc.
• Add as many companies and users as you want to your account using this free accounting software.
• With SlickPie, all the communication within the servers will be encrypted using military-grade 256-bit encryption.

Pricing

• Starter Package: Free with support for 10 accounts
• Pro Package: $19.95 per month with support for 50 accounts plus additional phone support

5. BrightBook

Brightbook is an ideal accounting solution for small business owners, freelancers, sole traders, startups, etc. It’s free accounting software; you can come and go whenever you want.

Features

• Send professional emails, branded quotes, and Invoices in the currency you want
• Instant insights about the money you are owed, money that you owe, and your cash flow via the dashboard.
• Extremely safe and secure, their servers are SSL certified with a daily backup.
• Keeps you updated with all the data related to accounting by providing Financial Reports, Profit and Loss Statements, Tax Reports, etc.
• Upload receipts and Supplier bills in PDF, JPEG, or PNG format.
• Supports PayPal Payments.
• Pre-written emails to chase overdue invoices.
• Gives selective access to your colleagues, clients, and accountants.
• Single Login for Multiple Businesses.

Pricing

• Free. They charge additionally if you want to add a few extra features.

6. Express Accounts

Express Accounts is a professional and free accounting software specially designed for small businesses who want to document their incoming and outgoing cash flow, including sales, receipts, payments, and Purchases.

Features

• Creates sales orders, invoices, and professional Quotes.
• Automatically updates account Receivable, and other similar reports as invoices are paid.
• It generates around 20 financial reports, profit and loss statements, etc to help you prepare your tax returns quickly.
• Multi-user Web access.
• Secure mobile access with support for both IOS and Android Platforms.
• Takes care of the inventory data.
• Automatic Backup facility.
• Operates multiple businesses using a single Login, including businesses operating with different currencies.

Pricing

• Free for businesses with less than 5 employees
• Express Accounts Plus: $59.95
• Express Accounts Basic: $49.99

7. GnuCash

It is a personal and small business financial accounting software that will allow you to track bank accounts, stocks, income, and expenses. GnuCash is available on Linux, BSD, Solaris, Mac OS X, and Microsoft Windows.

Features

• Supports Double entry to ensure book balance.
• Checkbook Register provides a custom, convenient, and familiar interface for entering Financial Transactions.
• Provides standard and customizable reports such as Balance sheets, Profit and Loss Statements, Portfolio Valuation, etc.
• Supports Account Reconciliation
• Multi-currency support for more than 50 languages.
• Updates the Portfolio automatically by getting the stock and mutual Funds Quotes from various websites.
• Stores Financial data in SQL database using SQLite3, MySQL, or PostgreSQL.
• Supports the Open Financial Exchange protocol (OFX).

Pricing

• Free

8. Bullet

The bullet is smart workflow-based accounting software that will allow you to get paid online, upsell products, etc.

Features

• Reports generated can be imported easily into Excel.
• Provides Invoice headers to upsell your services.
• Supports payments via Stripe, credit card, debit card, and Paypal.
• Reconciliation of your bank statement with Bullet.
• Supports iPhone, Android, Windows Phone, and Tablets.
• Multi-currency Accounting Software.
• Synchronize your DropBox or Google Drive Account to Bullet and import the necessary documents there.
• A free receipt scanner software that supports both Android and iPhone.

Pricing

• Free

9. SleekBill

This Free accounting and invoicing software do everything a small business needs- from calculating to formatting to emailing invoices. SleekBill has many features, making it an ideal choice for small enterprises and Freelancers.

Features

• Create complete purchase orders using the premium inventory option.
• Creates detailed reports on customers, services, payment history, etc
• Robust data backup function.
• Generates personalized invoices and prints them directly from SleekBill’s user-friendly interface.
• Doesn’t requires any plugins. Use Sleek Bill with all its features immediately after installation.
• Supports Advanced Documents Options such as showing the total amount in words, the Signatory field, or rounding off of the final amount.

Pricing

• Offline Free with limited features and support
• Offline Premium: 1999 INR/year
• Offline Premium + Inventory: 3199 INR/year
• Online Premium: 1999 INR/year

10. Odoo

Free accounting software will help you do more in less time. Odoo has all the time-saving tools that are necessary to grow your business.

Features

• Generates sharp and professional invoices manage recurring bills, and tracks payments easily.
• Its innovative Reconciliation tool will save time and automate 95% of reconciliation.
• Automatic reminders to your debtors to get paid quickly.
• Creates earnings reports, balance sheets, and cash flow statements.
• Automatically create invoices based on sales and delivery orders based on time and material.
• Manages your bills and expenses and helps you forecast future bills to pay.
• Synchronizes your bank statements directly with your bank account.

Pricing

• The accounting and invoicing apps are free if you don’t use other apps or hosting options.