5 Best Free Accounting Software for Small Business #FreeAccountingSoftware Number 1. Manager. Manager is an accounting solution that caters to small businesses across various industries such as retail, food and beverage, non-profit, education, consumer services and more. Key features include fund accounting, bank reconciliation, expense tracking, fixed asset management and payroll management. Manager supports multiple languages and currencies and provides users an offline mode that helps to manage their business operations when no internet connection is available. The solution can either be deployed on-premise on Windows, Mac and Linux based devices or hosted in the cloud. Pros and Cons. +The ease and simplicity of the software. +Ease of working and user-friendly, good support. +One of the easiest software to use and it is free. -From my point of view, it's excellent. -No integration to my online tax program. Number 2. Money Manager Ex. Another superb open-source tool, Money Manager Ex is well designed and packed with enough features to rival premium software. It's easy to understand, and you'll have your accounts and transactions set up in no time. Money Manager Ex's simplicity makes it a particularly good choice for sole traders or your own home finances. This free accounting software is a portable app, so you can save and use it straight from a USB stick without even needing to install it. There's an Android app for updating your accounts on the move, too. Pros and Cons. +Impressively user-friendly. +Plenty of features. +Can be used straight from a USB stick. Number 3. Adminsoft Accounts. Adminsoft Accounts is a software accounting package that's powered by advertising to generate revenue, making it free to download and use. According to the website, more than 300,00 people have taken advantage of what is a surprisingly thorough free accounting system (and an refreshingly honest set of terms and conditions). It can handle not just invoicing and statements but remittance advice, stock control, purchase orders, budgeting and some HR functions too. It's a UK program so the default is pounds sterling, but it works happily in other currencies too. Pros and Cons. +Free with no strings attached. +Handles stock control and more. +Even has some HR capabilities. Number 4. GnuCash. GnuCash is accounting software designed for individuals and small businesses and was initially conceived as an open-source alternative to apps such as Intuit's Quicken. This app has been around since the late 1990s, and the most recent version is GnuCash 3.4. It's available for Linux, GNU, OpenBSD, Android, macOS, and Windows. Pros and Cons. +Hugely flexible software. +Boasts some payroll features. +Handles multiple currencies. Number 5. NCH Express Invoice. With versions for PC, Mac, iPad, and Android, NCH Express Invoice cater for most kinds of businesses - and if you have fewer than five members of staff, you can have it for free without time limits or other restrictions. It's designed to create invoices, quotes, and orders easily, to automate recurring ones and to send them by email or fax, and there's a decent range of reports to pore over. The free accounting software is really just a front-end for a web-based service, but that's no bad thing unless your business struggles to get a decent internet connection. Pros and Cons. +Support for a diverse range of platforms. +Useful range of reports. +Only free for firms with fewer than 5 employees.

• published: 18 Jan 2020
• views: 111285