Best Free Bookkeeping Software for Businesses

Ansh Mehrey Ansh Mehrey Abhinav kumar Abhinav kumar
Nov 14, 2022 12 min read
Best Free Bookkeeping Software for Businesses

Business owners today like to keep most of their data on digital storage units, and rightly so. There are so many benefits of storing data on the Cloud such as availability, backup, and retention. Similarly, business owners these days also like to have a digital bookkeeping and accounting system, to make the job effortless and more efficient than traditional methods.

Owing to the many advantages of bookkeeping software, Business owners are in constant search of the perfect tool, tailored to their needs, which can best handle and adapt to their accounting system. Since there is much such software in the market today, this search might prove to be exhausting. However, to make this software hunt effortless, here we discuss the top free bookkeeping software, most recognized by the industry, so you can choose the one that suits your business.

Free Bookkeeping Softwares For Businesses

  1. Zoho Books
  2. Xero
  3. Akaunting
  4. Wave
  5. Lendio
  6. Zipbooks
  7. Manager.io
  8. SlickPie
  9. CloudBooks
  10. Brightbook
  11. Vyapar
  12. Sleek Bill
  13. Realbooks

Free Bookkeeping Softwares For Businesses

Zoho Books

Rating: 4.4/5

Zoho Books Accounting

Zoho books is loaded with all the essential functionality of bookkeeping software, it provides seamless integration with 50+ Zoho software. Integrating other Zoho apps and syncing data into Zoho books as per the requirement of the business is very easy. Moreover, its powerful and robust automation tool helps to eliminate repetitive tasks of business.

Features Offered by Zoho books

  • vendor portal allows your vendors to manage their business transactions, invoices, and payments. Through this portal, vendors can create invoices, and you can store those invoices as bills for your records. Vendors can also see all their transactions related to you in one place.
  • Give access to the software to your employees based on the different roles they do for you. Restrict them from customizing everything by limiting their access to any specific portion.
  • Manage your project and count every working minute to bill your client accordingly with the time-tracking feature of Zoho. Convert your billable minute to invoice in one click and send it to your client for payment.
  • Connecting your bank account to your Zoho account will help to fetch all your business banking transactions to your Zoho banking dashboard.
  • Leverage the access of multiple payment gateways to accept payment. You can also collect payments on a recurring basis.

Xero

Rating: 4.4/5

Xero Accounting Software

Xero is committed to providing an effortless accounting experience with its effective accounting software. It has more than 3 million subscribers worldwide who trust Xero. Day-to-day business compliance with zero errors has never been easy, but with Xero, it is possible to investigate financial documents in no time.

Features Offered by Xero

  • Scheduling the most important accounting work is the most influential feature of Xero. You can create a working paper using trial balance information on Xero and assign it to your staff to work on.
  • Capture your data automatically to your Xero account using hub doc. Now there is no need to waste your time by entering data manually. Just take photos, scan them, and upload them to Xero.
  • Multi-currency accounting in 160 currencies to pay and get paid. Only a few accounting software provide currency conversion to this extent with rate change updates.
  • Show your business professionally by utilizing the benefit of online quotes from Xero. Create a quote, send it to clients, wait for approval, and once approved change it to an invoice in a single click.
  • Record, update, and manage your assets and liabilities in one place and access anywhere using the internet.

Akaunting

Rating: 4/5

Akaunting Free Bookkeeping Software
Akaunting Free Bookkeeping Software

Akaunting is free online accounting software for invoicing, tracking expenses, and monetary management. It helps you view all your financials from any device and location, with an open-source system, which also ensures the safety of your data and finances. Akaunting offers tools for cash flow, invoicing, reporting, and transaction categories, along with a client portal to accept bulk payments.

Features Offered by Akaunting

  • Akaunting allows you to remotely view your financials from any device and location without risking data loss or theft owing to its open-source accounting.
  • Manage customers by sending them invoices and accepting online payments, and setting authorization for entering client portals.
  • Assign bills and payments to vendors that you create and filter transactions, and manage finances with bills and accuracy.
  • Akaunting allows deposits and transfers between accounts to keep an active account balance, and seamlessly manage taxes with convenient names, for specific products.
  • Add unlimited bank accounts and deal in different currencies and convert the balance to your currency.

Wave

Rating: 4.4/5

Wave Free Accounting
Wave Free Accounting 

Wave is one of the most popular accounting tools on the list of accounting software. It helps you manage, make, and move your money digitally. It helps you organize your income and expenses, and track monetary advances such as payrolls and invoices. Wave also lets you create professional invoices with its Invoice Software, with some advanced features. Moreover, Wave allows you to scan receipts anytime and anywhere with just your mobile phone.

Features Offered by Wave

  • Wave allows you to set up credit card payments and switch between automatic and manual payments. Wave sends an invoice or an email receipt accordingly.
  • You can also customize your invoices for recurring payments and schedule them for any frequency and time.
  • Wave offers customizable invoice templates to bill your clients for any services and add details for the clients to know what they are paying for.
  • Build invoices in Google Docs, Sheets, Word, PDF, and Excel format, and useful tips by customers for better interactions with them.
  • Wave also offers a smart dashboard and unlimited accounting and invoicing and syncing accounting records.

Lendio

Rating: 4.5/5

Lendio Accounting

Lendio is backed with multiple data centres and encryption, which provides top-notch security to all your financial data. Its beautiful and easy-to-interact user interface has made bookkeeping simpler. The automatic expense tracking feature of Lendio is a differentiating factor from other accounting software, which allows users to track all their expenses automatically.

Features Offered by Lendio

  • Powerful dashboard equipped with all the financial statistics of business in one single interface. This feature will help you analyze your business condition at a glance.
  • Hassle-free discount and refund processing feature to speed up your accounting work.
  • Data security is the key feature of Lendio and it allows you to export all your financial data from the cloud to your desktop in a matter of seconds.
  • The financial forecasting tool of Lendio helps you to do an in-depth cash flow analysis for better-taking business decisions.
  • Focus on your business and forget about preparing tax documents because the Lendio tax assist feature will do all this work for you based on your financial reports. The tax estimator of Lendio forecasts the estimated advance tax which you need to pay, this helps you to plan for your tax filing decisions.

Zipbooks

Rating: 4.5/5

Zipbooks Free Accounting Tool
Zipbooks Free Accounting Software

Zipbooks is a simple, robust, and free accounting software which offers you the tools to enhance your bookkeeping. It allows you to create professional invoices and get paid seamlessly with automated payment reminders, offers you smarter reporting and simple reconciliation with auto-categorization, as well as insights to retain the most loyal and profitable customers.

Features Offered by Zipbooks

  • Store immaculate accounting records and keep track of what you owe and who owes you, and with the help of smart feedback, know how much the revenue actually is.
  • Zipbooks lets you get paid the way you want. It accepts payments from credit cards to automated billing.
  • Calculate and record employee payouts, equipment expenses and other costs for running your business seamlessly.
  • Expense management is made easy with Zipbooks with the help of billable expenses, save receipts, and split categories.
  • Zipbooks offers data-driven intelligence and smart features to help retain customers and make faster payments.

All About Accounting Software for SaaS
How many of us really like dealing with the nitty-gritty of running the accounting [https://startuptalky.com/tag/accounting-tools/]and bookkeeping operations ofour companies? Unless you’ve got a passion for numbers (or you’re the founder ofan accounting startup), you probably look at accounting a…

Manager.io

Rating: 4.6/5

Manager.io Accounting Software

Manegar.io bookkeeping software comes with three editions: desktop edition, cloud edition, and server edition. Cloud edition and server edition are paid ones that store all your data on the cloud which you can access remotely from anywhere. The server edition will provide a dedicated server for your data which you can customize to increase security. But, since we are talking about free software, the desktop edition is best for small businesses for accounting.

Features Offered by Manager.io

  • The desktop edition provides all the essential features of basic accounting software completely free forever.
  • The free edition has all the accounting features but still migrating from the desktop edition to the cloud edition or server edition is a game of jokes. You can export all your data easily and import it to the cloud edition.
  • Dedicated forum to raise your concern related to software issues. The Manegar.io team is eager to solve your problem and release the software update as soon as they fix the problem.

SlickPie

Rating: 4.6/5

SlickPie Accounting Tool
SlickPie Accounting Tool

SlickPie is another addition to this list of Free Bookkeeping Software and has rightfully earned its place with its powerful invoicing, billing, and automated data entry tools. MagicBot, is an automated data entry tool that helps streamline businesses. Moreover, the Expense Management of SlickPie offers all the tools which you could possibly need to monitor finances. Also, SlickPie offers an intuitive and simple interface, which can be used effortlessly.

Features Offered by SlickPie

  • Get automated receipt data entry with MagicBot; all you need to do is save your bills or receipts in a dropbox.
  • Send online invoices, handle payments and payouts in different currencies, and integrate various payment processors such as Paypal, Stripe, or credit cards.
  • Create quotes and monitor expenses, manage bills and taxes, and get live bank feedback to track your expenses.
  • SlickPie allows you to set up recurring invoices and late payment reminders as well as creates financial reports for you to get insights.
  • SlickPie also allows for its use by multiple companies and users and offers bank-grade security with full support.

CloudBooks

Rating: 3.5/5

CloudBooks Bookkeeping and Invoicing Tool
CloudBooks Bookkeeping and Invoicing Tool

CloudBooks is a bookkeeping and invoicing application trusted by small businesses all around the world. It helps users manage invoices, expenses, and projects for SMEs as well as freelancers. Moreover, you can send automated payment reminders, accept faster payments, and offer your clients a professional experience like never before.

Features Offered by CloudBooks

  • Invoicing is made custom with tools which help you to brand, control, and accept recurring payments, all in one place.
  • CloudBooks' project management allows you to manage teams and communications, for seamless project management.
  • Track your employees' working hours and know where your time is majorly spent.
  • CloudBooks also allows you to track expenses and ensure they are spent wisely. Also, record your expenses and attach receipts to view later.
  • Get comprehensive reports for an all-around view of your business with expenses, profit/loss, payments, and invoicing tasks.

Best Accounting Software Options for SaaS Businesses
It’s not easy to check through all of the SaaS accounting software options.There’s a lot of platforms to choose from across every operational aspect ofyour company. Onboarding each of them requires a ton of setup and spending thetime to learn their nuances. Then, of course, there’s the cost of pu…

Brightbook

Rating: 4.4/5

Brightbook Accounting Software

Brightbook is the best accounting software for those business professionals who want to enjoy all the pleasures of accounting without spending a single penny. Β It is not that interactive but capable of handling all your basic accounting work.

Features Offered by Brightbook

  • Instant insight to keep your eye on how much you owe and how much you need to settle.
  • Track your business transaction by importing all the bank statements into your Brightbook account. This feature removes hurdles to looking into your bank statement frequently.
  • The company claims that data Security is as tight as banking security, and it adds an extra advantage to access the data online, using the Internet.

Vyapar

Rating: 4.4/5

Vyapar Accounting Software

Vyapar is the most lucrative accounting software with a bunch of features and has 1 crore+ happy customers. It stands out on top of modern-age accounting software because of its powerful and robust accounting mechanism. Its most highlighted feature is payment reminder which is capable enough to ensure timely payment from clients.

Features Offered by Vyapar

  • 37+ business reports to help you understand the in-depth financial health of your business.
  • Varieties of themes are available to make the brand image of your business look professional in invoices.
  • Auto tracking of the due date for every order and sending payment reminders to ensure timely payment
  • Make your quotations very easily and send them to your potential customers via WhatsApp, email, or SMS in a few clicks. It also allows you to convert your approved quotation into an invoice very efficiently.
  • Track your consignment just by the details of the delivery challan created by Vyapar. Easily convert your delivery challan into an invoice once it reaches the customer.

Realbooks

Rating: 4.7/5

RealBooks Accounting Software

Realbooks bookkeeping software deserves its place on our list because of its advanced accounting features. It offers the best GST compliance feature like GST automated calculation, which do all your GST-related work. Direct integration with the GST portal is a new characteristic that helps in creating e-invoices at no additional cost.

Features Offered by Realbooks

  • Manage most of your accounting work anytime anywhere with its prominent mobile app. Create and share the invoice at your fingertip.
  • Single platform to manage accounts for your multiple business locations. All your remote locations can upload the documents and you can manage them from a single location.
  • Permit users at different business locations to use the software and get a consolidated report of all the branches.
  • Dropbox facility to upload bills directly to the cloud. It also offers unlimited storage space to ensure paperless accounting.
  • Fully customizable dashboard to provide strategic insights that are valuable for your business.

Sleek Bill

Rating: 4.6/5

Sleek Bill Accounting Software

Sleek bill bookkeeping software has made invoicing and accounting effortless, even its tagline is "Invoicing made easy". To remove the complexity of running and managing the business, Sleekbill has designed its software to cater to small and medium businesses.

Features Offered by Sleek Bill

  • Proforma invoice maker to show your commitment towards your product to your purchaser.
  • Create invoices, debit notes, and credit notes seamlessly for a better supplier and customer experience.
  • Sleek bill uses TSL security encryption to ensure safe data transmission over the internet.
  • Multiple device accessibility with multiple users to manage the business accounts as a team.

FAQs

What is Bookkeeping Software?

It is an accounting software which assists bookkeepers and accountants in recording and reporting a firm's financial transactions.

What is the best accounting software for small businesses?

The best accounting software for small businesses will focus on being easy to use, simple, and low-cost. QuickBooks, FreshBooks, and Wave Accounting are leaders in small business accounting software.

What are the benefits of accounting software?

Some benefits and advantages of Accounting Software:

  • It saves time
  • It instantly generates key financial reports
  • It syncs all your financial data
  • It promotes data accuracy
  • It produces professional-looking financial statements

All About Accounting Software for SaaS
How many of us really like dealing with the nitty-gritty of running the accounting [https://startuptalky.com/tag/accounting-tools/]and bookkeepingoperations of our companies? Unless you’ve got a passion for numbers (or you’rethe founder of an accounting startup), you probably look at accounting a…

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