Every business, no matter how small it is, needs free software for accounting. This is an excellent way to manage a business’s finances. Many accounting software come with excellent features such as financial reports, expense tracking, invoicing, and so on.
Free software may not have the entire features offered by the paid version. However, free software can still be a very valuable tool for businesses to manage their finances. Among many confusing options out there, the free software on this list is the most recommended one.
Best Free Software For Accounting
Small, medium, and large businesses need to use quality accounting software that will ease everyone in managing business finances. Below are the best free software designed to help manage businesses’ finances.
1. NCH
This one is perfect for small businesses that have 5 employees or less. The free version of this software will be enough for small businesses. However, NCH’s free version lacks some awesome features needed by larger enterprises. If you own a bigger enterprise, get the paid version.
The free version of NCH software some with easy-to-use interface. It also includes over 20 financial reports and is available for free for small businesses.
Unfortunately, the free version doesn’t offer a bank connection feature. Also, NCH will give priority support to paid users.
2. ZipBooks
If you’re looking for free accounting software for invoicing, ZipBooks is an excellent software to consider. It comes with a customer portal and time-tracking features for users. This app offers unlimited invoicing. It is an excellent option if your enterprise heavily relies on invoicing for revenue.
Some other features are also available, including basic reports, digital payments through PayPal or Square, customer and vendor management, and so on.
If you want more features, the pair version of ZipBooks is just USD15 per month. This paid version will include more advanced features such as time tracking, reminders, auto-billing, and so on. Service-based businesses that will send many invoices will need this app.
3. Sunrise
People love this free software for accounting because of its loss and profit statements. Sunrise is going to help businesses generate profit and loss statements. Also, users of this software can manage expenses, send invoices, send quotes, manage income, process payments, and others.
Sunrise also comes with only one paid plan. The price is just USD19.99 per month. If you use the paid version of Sunrise, you will be able to enjoy some outstanding features from this accounting app for PC. Some of them are cash flow insights, payment integrations, and auto-categorizing expenses.
The free version of Sunrise is perfect for businesses that are going to generate detailed loss and profit statements.
4. TrulySmall Invoices
Unlike the previous apps, TrulySmall Invoices doesn’t come with a customer portal and time tracking features. This app is designed for freelancers so the features may not be as comprehensive as other apps’.
But with this free software for accounting, you will be able to store data, track invoice status, get reminders for automatic payments, and get professional templates. The accounting plan from this app allows users to send invoices, generate reports, track income, track sales and sales tax, and others.
TrulySmall Invoices is a wonderful software with chat support designed for freelancers and small businesses. However, the free plan of TrulySmall Invoices comes with very limited features.
Those looking for free accounting and inventory software need to consider getting Wave Accounting. This app doesn’t offer a customer portal and time-tracking features. However, this software is the easiest one to use.
With this software, users can track expenses and income, create reports, track sales tax, and do many other things. Users can also run multiple businesses from one account, check their dashboard to see how the business is doing, and even collaborate with unlimited accountants and partners.
If you want to access some other features like double-entry bookkeeping, payment tracking, receipts, invoicing, and others, get the paid plans that start at USD20 per month. People love this software because of the clean user interface and cloud-based storage system.
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Choosing the best free software for accounting isn’t easy. But the five options above should be the main priority before considering some other options. Also, managing your business isn’t the only thing to be done. Promoting your products and services is also essential.
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