Accounting software is important to keep a track of your business money. It's non-negotiable for SMBs because relying solely on Excel and Google Sheets can be a time-consuming and tiresome process. Luckily, there are several free accounting software available in the market that makes it easy to keep a record of profits, losses, and tax liabilities. While you may need to pay for accessing some premium features, most of the features are free to use. Check out the list of free accounting software along with their features, prices, reviews, and alternatives. You can also compare this software with other accounting tools and choose the ideal software for your business.
Wave pricing: Wave Offers Free-forever plan.
An accounting software meant to provide various accounting services to small scale businesses with professional expertise and quality. Wave provides services like Invoicing, Accounting and Receipt scanning without charging a penny to its clients, whereas, features like Payments, Payroll and all the other features that a company might be looking for in an online accounting software are provided at very affordable price. If used efficiently, it can help a company save a lot of money on its accounting activities. This is a very good option for any small business looking for an online solution to handle accounts. show more
Zoho Books pricing: Starts at $15.00. Offers Free-forever plan.
Zoho Books is a simple and affordable accounting software that specializes in keeping a detailed track of the cash flow of your business and helping you track your expenses and income. The software also provides you with multi-currency features that is helpful for an organization making transactions in multiple currencies across the globe. Zoho Books also offers professional invoice services along with a tax filing portal that allows you to directly file your returns. The software also provides other accounting services like Bank Reconciliation, and handling your general and accounts, letting you concentrate more on the core activities. show more
AlignBooks pricing: AlignBooks Offers Free-forever plan.
AlignBooks is a cloud-based online business accounting software enabled with GST. The software offers an extensive range of account management options and online business finance. It provides complete sale management by helping the user to manage the incentives and track the sales linked to every salesperson. The user can have full control over their businesses from anywhere because the software saves all the critical business data in real-time with regular updates and uninterrupted live systems. The software enables the user to connect sales, orders and accounting along with providing notifications for SMS alerts and emails. The integration abilities of the software allow the users to align the branches of their business. The users of the software will also get the modules for book-keeping, billing, purchasing, sales and invoicing, asset tracking, payroll integration, inventory, CRM and production. These modules help the user to schedule, plan and implement the various essential functions of the business. show more
KhataBook pricing: KhataBook Offers Free-forever plan.
KhataBook is an intuitive digital ledger app that helps micro, small and medium merchants to track and record their business transactions safely. It also allows users to send and receive online payments through UPI and QR code. Moreover, the app generated reports can be downloaded and shared by the users, with every transaction to maintain a proper schedule of debits and credits easily. It conducts automatic data backups, facilitating accurate protection against phone theft or loss. Khatabook automatically syncs all of the data, saving hours of users’ time. With the KhataBook QR, users can receive payments from any other app. They can send automatic payment reminders along with the payment links to customers and receive timely payments. The app provides 24x7 support available in 12 languages for any generated queries. More than 4 crore+ businesses have been registered for this app in 4000+ cities across India. show more
Akaunting pricing: Akaunting Offers Free-forever plan.
Akaunting, as an advanced online accounting software, assists businesses in various processes starting from invoicing to money flow monitoring. The software allows users to track their financials online as per convenience. They get to run businesses from anywhere and access information about their cash position in real-time. Akaunting also promises accurate data privacy, eliminating unauthorised third parties. Users can even categorise their income and expenses easily and monitor the flow at a glance. A dedicated client portal within the particular helps users share invoices and transactions with their clients besides accepting bulk payments. Accountants in charge can maintain the authenticity levels of generated bills/invoices by storing them within Akaunting. They can even enable, delete or disable records in batch mode. Admins get to utilise the software in 49 different languages. They can also enable permissions and simplify management tasks. show more
Gekko pricing: Gekko Offers Free-forever plan.
Gekko seeks to simplify the accounting tasks for accountants, entrepreneurs, and small businesses. Users can scan their receipts by clicking a picture and keep track of their expenses using the Gekko Costs app. They can also send invoices & quotations, create professional invoices with the invoice editor and add expenses and worked hours. Users will automatically get notified when payments are overdue and they can also track their hours via the Gekko Hours tool on both mobile and web accounts. This can either be done by registering their hours and activities manually or starting a timer to have a real-time overview of their current and previous tasks and the time put in. It also lets users log both their trips and routes via Gekko Trips along with GPS and manual input. Users can also connect the app with their bank accounts to import transactions and other accounting information. show more
Divvy pricing: Divvy Offers Free-forever plan.
Divvy is a finance management solution that is ideal for all types of enterprises and individuals in order to make financing easier and affordable for them. Divvy makes it easier to manage physical and virtual cards for a number of customers. It eliminates the need for a reconciliation process that is month-end based. Users can track everything in one place, in one account. Divvy is used for management solutions that give you the credits you need and the software to manage it. With Divvy, you will never go over budget and will make optimum utilization. Divvy is crafted for users to achieve financial wellness with budgeting and future visibility. With Divvy, users can eliminate manual processes, get real time visibility, and can easily pay attention to expert-level priorities, like budget forecasting, transactions can be easily monitored live, and also users can submit reimbursements directly in Divvy. At Divvy, they charge you the least and solely focus on managing your finances. They aim at putting an end to your need of buying higher amounts to the experts, and taking control of your budgets, and also managing your invoices and accounts. show more
OkCredit pricing: OkCredit Offers Free-forever plan.
OkCredit software is a platform used to track receivables and payables in minutes. The software offers timely reminders via free SMS and WhatsApp to make instant payments. Monitor transactions with reports and statements on any device. It supports Mobile Android and iOS. Small business make use of the software. show more
QuickFile pricing: QuickFile Offers Free-forever plan.
QuickFile is a cloud accounting software with a thoughtfully designed user-friendly interface. It is useful for small-scale investors to large-scale organizations, helping them to streamline their accounting related tasks with ease and manage customers on a fully automated system. Admins can put their invoice reminders on autopilot besides providing access to a completely branded portal, enabling seamless self-service on the go. The API of this software has been thoughtfully programmed to fit in with the various backend systems of an individual organization. Categories like Online payments, Rich Reporting, Bank Feeds, Backups, Estimates and Orders, Multicurrency etc are also of great help. This software even allows the creation of customised invoices for each of its clients, all of which are stored in the cloud and are easily accessible. The remote backup system runs every 15 minutes to ensure that no data is lost due to unforeseen technical disruptions. show more
RealBooks pricing: RealBooks Offers Free-forever plan.
RealBooks is accurate online accounting software that provides the required business intelligence to let clients keep up with the pace. RealBooks enables clients to analyse, plan and manage their business and finances like a well-established company. This platform provides clients with the edge that is required to make informed decisions, especially while working remotely. Clients can stay updated about their deliverables, receivables, payables and cash flow from anywhere, anytime. The document management feature enables accounting to happen without hassles, retaining every bit of information that is in store. GST filing allows clients to lodge their branches and generate the GSTIN bills almost immediately, as RealBooks works simultaneously for each branch. This saves on a lot of time that would have otherwise been invested in generating the bills manually or individually. The perfectly accurate GST calculations enable seamless accounting procedures and thereafter, smooth uploads to the GSTN. The GST portal is further integrated with cost-effective compliance to allow clients to generate invoices with zero additional charges. show more
Countingup pricing: Countingup Offers Free-forever plan.
Plectica is a niche tool for businesses and sole practitioners to map their ideas in real time. This allows them to access them in the future and even share with team members for efficient collaboration and synced brainstorming sessions. This makes it perfect for users such as strategists, educators, technologists, designers, policy makers, and innovators of all types. Users can create a database schema to depict how data will be handled and saved in the backend. They can even create mind maps to document their thought process for the most optimum outputs. Other modes, such as the ability to create customer journey maps, allows marketers to understand and collaboratively brainstorm about concepts. Moreover, Traffic Flow creation enables web managers to reach conclusions about the most optimum flow to handle traffic through the website. The tool comes with a free forever plan where users can start mapping with up to 250 cards. show more
Odoo Accounting pricing: Starts at $10.00.
Odoo Accounting as an intuitive accounting software comprises a variety of essential tools for growing businesses. For starters, a beautifully designed user interface greets all users, allowing them to navigate without hassles. Users can keep a track of their matters of interest and receive real-time notifications regarding the same. Since Odoo Accounting is accounting redefined, automation reduces a lot of actual paperwork that were previously required to prepare invoices, print them and maintain a record of bank statements as well. Further, payments with several invoices can be reconciled using an option for the same on the payment form. Odoo invoices for customers are detailed with essential inclusions like payment terms, service taxes and discounts, besides being compatible with multiple payment modes at the same time. Moreover, the Odoo pivot table provides real-time business insights and allows users to navigate through relevant information and multiple standard tables for a clear overview. show more
SlickPie pricing: Starts at $39.95. Offers Free-forever plan.
A software which provides a number of features that can help small businesses, freelancers, entrepreneurs and not-for-profit organization to issue invoices and accept payments online. With SlickPie, you can customize your invoice and issue it to your customers anytime. You can also keep a track of these invoices as to when your clients have viewed it and paid it. For making sure that you receive your payment in time, SlickPie offers your customers a number of payment platforms like PayPal, Stripe and credit card processing, so that your customers can make the payment using their preferred platform. show more
BuKu pricing: BuKu Offers Free-forever plan.
BuKu is an accounting and business management app that provide companies with an easy and effective way to manage various business processes. Some of these processes are related to sale/purchase, cash/wallet/bank and payables/receivables. It is a simple and easy to use app that does not require users to undergo any training operations. Further, Buku keeps users updated and informed all the time with its real-time analytics. It is capable of tracking all the key insights like cash in hand, net worth, bank/wallet balance, profit and loss, today’s reminders, total payables/receivables/expenses and budget overruns. With Buku, companies can create sales invoices, manage taxes and inventory on the go. It also provides users with insightful reports that help them to make better decisions and keep their business in full control. NBFC, AMC and other finance companies can also use the app for tracking loan records and opening new accounts. Furthermore, unmatched support is provided via mobile call, email and WhatsApp chat. show more
Sunrise pricing: Starts at $99.00. Offers Free-forever plan.
Sunrise is a smart account and transaction management software that facilitates easy and simple finance management for businesses, individuals, and enterprises. Sunrise is used for making business transactions easier, and so does the business. Sunrise aims at automating what you can and set up interrogations that allow you to see your full financial picture at once. As the name suggests, Sunrise makes transacting brighter and safer. It reminds you of your upcoming payments, bills, etc. Its unique software offers a better way for accepting payments, streamlining billing, and managing your database. If you own a small business then you definitely understand that accounting on your own is burdensome, but at Sunrise, they make this task easier and help you manage your accounts and finances quickly with efficiency. Sunrise integrates all of your financial systems into one flow; automates your invoices to free up time; and puts financial visibility in your inbox with recurring reports. Sunrise is user-friendly, it provides 24*7 customer assistance, and also provides a trial for new users along with a variety of premium plans to choose from. show more
MTDsorted pricing: MTDsorted Offers Free-forever plan.
MTDsorted is an HMRC compliant accounting software that takes care of the digital tax process in a secure way. The tools are built for businesses that are looking for a new way of submitting their tax filings and returns. Users can see their submission history and add their purchases to automatically calculate their VAT return. It’s built on a secured framework with SSL enabled to give users the most secured experience. Users can use their existing software and create their VAT returns through the software. The tools provided can be used to track their sales and automatically generate tax returns. Quarterly self-assessment can be completed digitally with ease. Saving and editing returns can be done whenever needed. VAT returns can be submitted directly to HMRC without leaving the software. Users can keep using their existing software and MTDsorted as a digital link to HMRC free. Entire finance teams can be invited to the platform to make submitting tax easier. show more
Moneypex pricing: Moneypex Offers Free-forever plan.
Moneypex is an accounting software designed for small businesses that helps you to manage your business accounts in an effective and cost-efficient way. Users can create and generate unlimited invoices and even auto-create them from your photos. This GDPR Compliant platform ensures you of high-level security and is recognised by HMRC. Right from bookkeeping, invoicing, filing tax returns, generating financial and expense reports to scanning bills, this software can assist you in managing your accounts affordably and swiftly. With Moneypex, users can migrate all their accounting data from other platforms like QuickBooks, Zoho, Excel, Xero and others. You can even scan and extract all relevant data from your invoices, create professional ones and automate you invoicing procedures through OCR technology. You can set recurring invoices to save time on creating bills for your recurring customers. You can view your reports anytime from any device and even customise them according to your brand personality. By setting payment reminders, you can make sure not to miss out any deadlines. You can link your bank accounts to automate your daily imports and create accurate reports. show more
Credflow pricing: Credflow Offers Free-forever plan.
AccooWare pricing: Starts at $29.00. Offers Free-forever plan.
AccooWare software is an online accounting tool to track business performances with income and expenses. Create and print your invoice and can engage your customers with email reminders. Manage cash flows with financial reports to automate workflows. Accountants, Entrepreneurs, Small companies make use of the software. show more
Zoho Daybook pricing: Zoho Daybook Offers Free-forever plan.
Zoho Daybook is a comprehensive cash book and cash ledger management app that enables businesses to record their credit and debit transactions accordingly. The app automatically records all the transactions and saves users’ time that they would have spent tallying transactions manually. It provides a unified interface to store all business-related transactions. Thus removing the need of maintaining multiple spreadsheets. Zoho Daybook enables users to download their records in PDF format and share those with individual contacts accordingly. The app sends automated SMS notifications to contacts whenever a transaction gets recorded under their name. Users can also send friendly reminders to their contacts to request timely payments. Zoho Daybook comes with a dashboard where businesses can take a quick look at their transactions. It ensures complete data security and stores all the transactions and related information accordingly. Moreover, automated backup initiated by the app eliminates all potential risks of data loss. show more