10 Best and Free Small Business Accounting Software Of 2020

Accounting is an essential thing for any business out there. No matter if your business is a small or a large one, accounting is something that you need to get done with. However, most of the small business owners do not wish to invest in accounting software—instead, they look for free small business accounting software to get done with their accounting job.

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In case if you are too looking for the best yet free small business accounting software, then let me help you with a couple of suggestions.

So here we go:

Free small business accounting software

  1. ZipBooks
  2. Gnucash
  3. Wave Financial
  4. SlickPie
  5. CloudBooks
  6. Akaunting
  7. NCH Express Accounts
  8. Brightbook
  9. Zoho Invoice
  10. ProfitBooks

1. ZipBooks

zipbooks

ZipBooks is one of the best yet free online accounting software that you can use. With the help of ZipBooks, you will be able to send invoices, tracks time and expenses. Also, it gets integrated with your bank account, so you process credit cards.

Also, the tool is pretty simple to use and comes with powerful functionalities. Also, you will get access to tools and intelligence that will help you to take your business to the next level.

Talking about the features, with this one, you can send professional invoices in seconds. Also, it allows you to receive payments via all the major cards and other payment gateways.

Also, it has automated payment reminders. Even, you will also allow your customers to leave their reviews and helps you with smart insights.

Talking about the pricing, it comes with 4 different pricing plans. However, it offers you a free plan that gives you access to view basic reports and lets you connect 1 bank account and offers you a few other features.

2. Gnucash

gnucash

Gnucash is also the best yet free small business accounting software that comes with lots of amazing features. The software is designed to be easy to use while being powerful and flexible. It also allows you to track your bank accounts, stocks, income, and expenses. Also, the software is based on professional accounting principles to ensure balanced books and accurate reports.

As far as the features are concerned, with this one, you will get double entry accounting, Stock/Bond/Mutual Fund Accounts, Small-Business Accounting, Scheduled Transactions, Financial Calculations, and so on.

Moreover, the software is available for you to download on your Windows, Mac, and Linux computers. As well as there is an Android app available too. You can download the software free of cost too. As it is an open source software falls under the GNU GPL license.

3. Wave Financial

wave

Wave Financial is an award winning financial software designed for entrepreneurs. With this one, you will get to features like free invoicing and accounting software with credit card processing and payroll services.

Also, with this one, you will be able to connect your bank accounts, sync your expenses, and balance your books. Moreover, it also helps you with free invoicing. Invoicing software is pretty easy to use. Also, you can customize it as per your needs.

What’s more? This service is absolutely free to use, and there is no premium plans available as of now. Just go to the official website and signup for an account, and you are good to go.

4. SlickPie

Free Small Business Accounting Software

SlickPie is another free small business accounting software that you can have a look at. The software is designed to back the modern small business needs by offering all the essential features.

Also, the good part is that it comes with tons of amazing features. For example, with this software, you will be able to process payments from PayPal, Stripe, and Credit cards. Also, it supports multi currency.

You can also use the software to track your expenses, manage bills, track sales tax, see financial performance reports, set up recurring invoices, and so on. In short, it has all the features that you expect an accounting software to have.

Moreover, this accounting software has two different pricing plans. The first one is Starter and it is free to use. And the Pro plan costs you $39.95/month. Both of the plans have similar features. However, with the free plan, you can only manage 10 companies.

5. CloudBooks

cloudbooks

CloudBooks is also one of the best online free small business accounting software you can check out. Also, the good part about this software is that you can use it for both product and service based businesses. Also, it supports a wide range of accounting software tasks.

You can use the software to accept online payments, customize your invoices online, and comes with a bunch of invoice templates.

Moreover, you can also use the software to track your experiences. Also, it offers you a time tracking feature. So you can send estimates and drive the best business prospects. You can also manage payments and helps you with smart reporting.

However, the software is not completely free. Instead, it comes with a 30 days trial. After the trail, you can switch to a $10 or $20 month plan.

6. Akaunting

akaunting

Akaunting is an online open source yet free accounting software for small businesses. You can use this software for managing your money, get invoices paid, track expenses, and so on.

The software also comes with an easy to use interface. Plus, it has a mobile and tablet ready interface. So you can access the accounting software from any platform. As well as you will be getting lifetime free updates.

The software can also be used for multiple companies and helps you with powerful reporting. You can also accept online payments, and it supports multi currency. As well as there are a bunch of other features too.

7. NCH Express Accounts

NCH Express Accounts

You can also have a look at the NCH Express Accounts. This one is a desktop based free small business accounting software with a professional approach. It is a great option for small businesses that helps you to track your incoming and outgoing cash flow. It can track sales, receipts, payments, and purchases.

Also, you will be able to view balances and reports to see how your business is doing. You can also easily generate over 20 essential financial reports at any time.

However, compared to other accounting software, it has some missing features. Like you cannot accept payments, connect bank accounts. But still this one is a worth software to try out.

8. Brightbook

Brightbook

Brightbook is also one of the best online accounting software, and you can download it for free. Even, it is one of the most loved free accounting software used by creative professionals and companies. It is a web based software which comes with lots of amazing features.

With this one, you can access your reports from anywhere and any device. It also allows you to create and send an unlimited number of invoices. Also, you can export your data.

You can also import your bank statements, view insights, view profit and loss, and tax reports. Also, it supports multi currency and multi users.

9. Zoho Invoice

Zoho Invoice

If you are looking for something that helps you with invoicing, then Zoho Invoices is the best option available for you. With this one, you will be able to create professional invoices, automatically send payment reminders, and get paid faster online.

Also, you will get some other features like payments, estimates, time tracking, expenses. And it comes with a web and mobile app.

However, there is no accounting software that you will be getting with this one. But you can get started for free. The free version lets you invoice up to 5 customers and lets you create 5 automated workflows.

10. ProfitBooks

Free Small Business Accounting Software

In the end, I have the ProfitBooks.  This is also the best yet free small business accounting software. Also, the software is extremely easy to use. And you will easily be able to create beautiful invoices, track expenses, manage inventory. Also, the best part, you do need accounting knowledge to get done with all of these.

Moreover, you can also share the transaction data with your accountant for further taxations. Plus, you will be able to receive online payments using a payment gateway, Record advance payments, Track accounts receivables with sales reports, and so on.

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