5 Best Free Accounting Software For Small Business

Computers have surely made our lives easier. In my opinion, one should use computers wherever possible because that would only make things better.

Computers have become an integral part of any business. And if you ask me, why should it just be restricted to medium scale and large scale hospitals. If you are running a small scale business, then you can surely look for some cheap or may be help from technology to get your business move smoothly.

Accounting and managing finance is THE MOST critical part of any business. And regardless its size, one has to make sure that his accounts hit the bull’s eye everytime.

And here I am, compiling a list of some best free accounting software for small business. Since these software are free, the only thing that could cost you is some time and efforts to get used to it, and there would on doubt about the fact that this will only do good to your business.

5 Best Free Accounting Software For Small Business

5 Best Free Accounting Software For Small Business

Free Accounting Software

As the name suggests, this is a free accounting software. It is developed by Icebergo and contains all the fundamental modules which are the Purchase, Sales and Admin Module and this surely makes it a one solid package.

So whether it would be Billing, Ordering, Managing Inventory or Controlling the finance, this open source tool makes a great deal for any Business Unit and even Malls, Stores and warehouses. Give it a try.

GNU Cash

Apparently, GNU Cash is an approved software package licensed under GNU meant for personal and small-business financial-accounting software. It is compatible on Linux, Windows, Solaris, Mac OSX.

Below are some of its highlighting features:

  • Double-Entry Accounting
  • Stock/Bond/Mutual Fund Accounts
  • Small-Business Accounting
  • Reports, Graphs
  • QIF/OFX/HBCI Import, Transaction Matching
  • Scheduled Transactions
  • Financial Calculations
  • Much More

It even has an Android app which lets you keep a track of all your business transactions on the move.


The name of this free finance managing software does suggest that it could prove to be your favorite manager than your actual appointed Manager. It covers all the required modules to run any business which include creating receipts, recording payments, creating Invoices, creating Purchase Invoices, maintaing a Contact Directory, maintaing a Chart of Accounts, making Journal Entries, and creating number of Reports which would help you drive your business.

Simple Accountz

This is a simple in used and rich in features sort of application. Below are some of its features:

  • Lets you enter transactions in a single form
  • Lets you generate reports on Cash Register, Bank Register, Journal Register, Purchase Register and Sales Register
  • It also lets you create Trial Balance, Profit & Loss Account and Balance sheet
  • Create purchase orders and get them printed
  • Generate bills / invoice

Turbo Cash

Its a pretty solid open source accounting software and is surely on of the top in the list of free ones. Its available in 25 different languages and covers over 80 different tax regimes which makes it a pretty solid answer to your accounting needs. In addition to all the conventional features of any accounting package, it has a forum of its own, lets you backup your data and restore the same, create links between multiple orders and much more.

Filed under: Software
July 4, 2013 by: Prasanth Chandra

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