calculator and coffee mug on a tabletop
From managing bank accounts and cash flow to sending out invoices, these accounting tools are both helpful and cost-effective. — Getty Images/kiddy0265

As a business owner, you have a lot of things to prioritize during the day, so it’s easy to let accounting fall by the wayside. But with the right accounting software, bookkeeping can be easy and inexpensive. These 10 free accounting tools can help you get on track.

[Read More: A Guide to Small Business Accounting]

Wave

Wave is one of the best options available for sole proprietors, freelancers and small businesses. It’s a simple and straightforward option for managing your cash flow and keeping your finances in order.

You can connect Wave to an unlimited number of bank accounts and credit cards and provide bulk transaction updates for faster bookkeeping. You can also set up bill and invoice reminders, and the software connects to PayPal for free.

ZipBooks

ZipBooks Starter is completely free and is a good option for business with limited accounting needs. You’ll receive basic bookkeeping tools and you can manage unlimited customers and vendors.

With ZipBooks, you can send as many invoices as you want and receive payments through PayPal or Square. However, the free plan only allows you to connect to one bank account.

TurboCASH

TurboCASH 4 provides free accounting software and offers a variety of features, including invoicing and inventory management. Multiple users can access the software, and you can upgrade to TurboCASH 5 once your business is ready for something more advanced.

Zoho Invoice

Zoho Invoice is one of the best options available when it comes to automating your invoicing workflow. The free version allows you to invoice up to five customers and create five different invoicing workflows.

You can use the software to create customized invoice templates, set up recurring invoices and set automatic payment reminders. But the free version is only available for one user, so it’s a better option for small businesses with limited bookkeeping needs.

Akaunting

Akaunting provides free online account software for small businesses with no strings attached. There’s no limited trial or premium version for you to upgrade to; the software is always completely free.

The software comes with a variety of features, including open source accounting, secure deposits and transfers, vendor management and powerful reporting. However, to access many of the advanced features, you’ll have to download multiple third-party apps, which may not be free.

Learn more about how to manage your businesses cash flow during challenging times with our latest episode of CO— Blueprint.

Brightbook is a good option for sole proprietors, freelancers and small businesses.

GnuCash

GnuCash is free desktop accounting software, and to get started, all you have to do is download the app from the company’s website. With GnuCash, you can manage your bank accounts, cash flow and monthly expenses.

The software is actually designed for both personal and business use, but it contains many features that are beneficial for small businesses. For instance, you can track customers and vendors, send invoices and even manage payroll for your employees.

Brightbook

Brightbook is a good option for sole proprietors, freelancers and small businesses. The software is always free, and it’s a good choice for anyone who is new to bookkeeping.

The software lets you track your bank accounts, invoice clients in any currency and manage your bills and expenses. Also, you can grant access to multiple users, so it’s a great option for growing businesses.

Inveezy

If all you need is a way to send free invoices, then Inveezy may be the right choice for you. With Inveezy, you can add your logo to create customized invoices and send them to your clients. The software also allows you to send the invoice as a quote instead of a bill.

[Read More: Top 3 Ways to Improve Your Small Business Accounting]

SlickPie

SlickPie is online accounting software, and it comes with a free and paid version. The Starter version is free for up to 10 different companies on the same account.

The free version lets you send invoices, create quotes and estimates and track your expenses. And you can connect your Stripe and PayPal accounts to SlickPie for free.

Due

Due isn’t technically free, but it does come with a free 30-day trial. Once the free trial is up, you can get the most basic version of the software for only $7.99 per month. With Due, you can manage unlimited projects and up to 10 different clients, and accept payments through Stripe and PayPal. You also have the option to set up recurring invoices.

CO— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.

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Watch Now: CO— Blueprint, 8/12

Check out the video from our CO— Blueprint event that took place Wednesday, August 12, 2020, where the panel discussed everything you need to know about starting up and starting over during the pandemic.



Published July 07, 2020