Here, we are writing about the 5 best free accounting software for Windows and other platforms. These free finance managing software apps are the best choice for small and medium business owners to maintain their business and financial records books for free.
What is Accounting software?
The accounting software is used to maintain different records of business owners or accounting professionals. It helps them to manage the day-to-day transactions and financial records. including payable or receivable accounts, journal, general ledger, billing, payroll, and trial balance, etc. It is also used to automatically control and track profit and loss, debit and credit, stock items, balance sheets, purchase orders, sales orders, bookkeeping, etc.
Best free accounting software:
Here are the 5 free accounting software for Windows computers.
The Wave is another web-based free accounting software and one of the best services for small businesses that offer accounting, invoicing, and receipts for free. It is award-winning free software that offers several professional features.
On Wave, you can connect unlimited bank accounts and other accounts like a credit card account, etc. Using Wave, you can track income and expenses, sales tax on income and expenses, scanning receipts, etc for unlimited times, and also add unlimited partners and collaborators, manage multiple businesses in one account, scan multiple receipts all at once, etc. It is also available on mobile platforms like Android and iOS. And most importantly, you will get all the above features for free. Wave neither requires any setup fees or monthly fees nor has any hidden charges. It is one of the great free software to manage accounts for entrepreneurs.
Visit the Wave website here.
Money Manager Ex
Money Manager Ex is an open-source free accounting tool to manage personal financial accounts. This cross-platform application is packed with several great tools and features that help users to use this software as a free substitute for premium accounting software.
The interface of this application is very simple and easy-to-use which helps individuals to organize their accounts and track their debit and credit reports, way of expenditures, transactions, etc.
Features of Money Manager Ex:
Money Manager Ex has an impressive, simple, fast, and user-friendly interface so that users can manage this app easily. Using Money Manager Ex, you can check credit card account, bank accounts, savings, assets accounts, investment in stock, etc. The reports can be seen using graphs or piecharts in no time. It can import data from any CSV (Comma-Separated Values) formats, QIF (Quicken Interchange Format), HTML, and XML formats so that the user can open their previous reports in Money Manager Ex.
The Money Manager Ex is a cross-platform application that can be installed on different operating systems such as Windows, Mac OS, Linux, Android, etc. The windows version has both 32-bit and 64-bit installers available. Additionally, it is available in 24 international languages to help users of different regions. There also is a portable version available of this app that does not require to install on a PC and can be run from an external USB drive.
ZipBooks is another accounting application initially released in 2015. This cloud-based program has several great features that let business owners basically small business to manage their accounts and help them to take their business forward. It has all the necessary account management features like billing, managing expenses, creating reports and invoices, etc.
ZipBooks provides an easy-to-use user interface and several powerful tools and options. The ZipBooks starter edition or free edition offers some essential features like Sending unlimited invoices, Viewing basic reports, allowing you to connect and manage one bank account, managing unlimited vendors & customers, unlimited bookkeeping, and it lets you accept digital payments from Square or PayPal.
Visit the ZipBooks website here.
The Manager is another cross-platform free software suitable for small businesses and individuals. It is available for Windows, Mac, and Linux operating systems. It is comprehensive free accounting software that has all the required features that an accounting application should have. The developer of the Manager still working on adding more features.
features of Manager:
It has almost all types of accounting and financial features. Some of the most important features of Manager are:
Preparing general ledger, cash management, managing both receivable and payable accounts, preparing estimates & quotes, purchase orders, billing and invoicing, sales orders, manage stock and inventory, fixed asset management, profit & loss statement, managing the balance sheet, VAT, GST or sales tax, Multi-currency, payroll management, manufacturing management, and many more.
This application is absolutely free. Anyone can use this software without any charges as long as they want to use and most importantly there is no time and use limit on Manager. That means users can enter unlimited data without any time and other restrictions. It doesn’t even show any ads.
Visit the Manager website and download it here.
GnuCash is another open-source free software for desktop computers to manage all types of personal and small business accounting needs. GnuCash is a very powerful, easy-to-use, flexible finance and account managing software that allows you to track and manage bank accounts, financial calculations, stocks, income, and expenses, prepare reports & graphs, accounting, double-entry accounting, etc. It is also used to manage invoices, payable and receivable accounts, payroll, employee expenses, etc.
GnuCash free accounting software is available for Windows, Mac OS X, Android, Linux operating systems. You can download GnuCash using the below download link.
Additional accounting software:
Tally Prime (Paid software)
Tally Prime is a popular comprehensive accounting and planning software for Windows computer systems. Tally is used to recording financial transactions and inventory management. It is suitable for all types of business whether an individual or small and medium-sized company. You can download Tally.ERP latest version for Windows and can install it on Windows, 10, 8, and 7 on 32 bit and 64 bit PC. It is also available for Windows XP operating systems.
You can download the latest version of Tally Prime here.
Tally Prime is a product of Tally Solutions, which also developed other account and finance related software like Tally.Server, Shoper, Tally.Developer, etc. Tally is a paid software, but you can also try this popular software for free. It offers a 7 days trial period. In this trial period, you can use this program without any charges. But if you want to continue using the software, then you have to buy an activation license.