Here, we are writing about the 5 best free accounting software for Windows and other platforms. These free accounting 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 accounts payable, accounts receivable, journal, general ledger, billing, payroll, and trial balance, etc. It is also used to automatically control and tracking profit and loss, debit and credit, stock items, balance sheet, purchase order, sales order, 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 service for the small business that offers accounting, invoicing, and receipts for free. It is award-winning free accounting software that offers several professional features.
Wave allows you to connect unlimited bank accounts as well as credit card accounts. Using Wave, you can track income and expense, sales tax on income and expenses, scanning receipt, 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 require any setup fees or monthly fees nor has any hidden charges. It is one of the great free accounting software for entrepreneurs.
Visit the Wave website here.
Money Manager Ex
Money Manager Ex is open-source free accounting software. It is a great tool to manage personal financial accounts. This cross-platform, easy-to-use personal finance software is packed with different essential features and tools so that it can be used 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 tracking their debit and credit report, 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. It allows you to manage your checking account, credit card account, bank accounts, savings, stock investment, assets accounts, etc. You can view the reports using a graph or piecharts instantly. 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.
This is cross-platform accounting software that is available for different operating systems and devices such as Windows 32 bit and 64 bit, Mac OS, Linux, Android, etc. It supports 24 international languages. This software is also available in the portable mode which does not require an install and you can run from a USB or pen drive.
ZipBooks is free accounting software that allows small business owners to manage their business accounts and helps them to move their business to the next level. It has all the necessary account management features like billing, manage expenses, create 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, View basic reports, allows you to connect and manage one bank account, manage unlimited vendors & customers, unlimited bookkeeping, and it lets you accept digital payments from Square or PayPal. If you want to pay your invoiced customers via ZipBooks online, you will need to pay through Square or PayPal.
Visit the ZipBooks website here.
The Manager is another cross-platform free accounting software suitable for small businesses and individuals. It is available for Windows, Mac, and Linux operating systems. It is a comprehensive free accounting software that has all the required features that an accounting application should have. The developer of 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 uses 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 accounting software for desktop computers to manage all types of personal and small business accounting needs. GnuCash is a very powerful, easy to use, flexible accounting 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 also used to manage invoices, payable and receivable accounts, payroll, employee expenses, etc. This application uses professional accounting principles so that users can use it as a checkbook register to maintain balanced books and accurate reports. It provides a simple and easy solution to bookkeeping and accounting for small businesses.
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 record 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.
Tally Prime is a product of Tally Solutions, which also developed other accounting-related software like Tally.Server, Shoper, Tally.Developer, etc. Tally is a paid software, but you can also try this popular accounting 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.
You can download the latest version of Tally Prime here.