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11 Best Business Accounting Software For Small Businesses

Are you a freelancer or small business owner looking for an application that can help you with everyday accounting tasks?

If so, you will surely benefit from business accounting software that you can readily download for free. To help you out on which application to use, we have listed ten of the popular choices available:

1. Wave

Wave has been featured in many different well-known publications, including The New York Times and Forbes. Wave is specifically designed for entrepreneurs, freelancers, consultants and small businesses with 9 employees or less. Wave provides a myriad of different features from creating professional reports to seamless invoicing and payroll, all for free. And for an added bonus, it only takes 60 seconds to sign up for Wave.

2. Momenteo

Momenteo is an invoicing software made especially for freelancers and self-employed workers. With the help of their calendar, they managed to break down the complexity of accounting to a single question: what have I done today? Add your work, work times, travels, and expenses and let Momenteo create invoices for you in just a few seconds. You can also try it for free!

3. FreshBooks

FreshBooks slogan is “accounting for you, the non-accountant”, and it was designed to make all accounting tasks easier and less time consuming for all individuals regardless of whether you have an accounting background or not. You can send invoices, track expenses, and get paid quicker than ever. FreshBooks also creates many reports that will help save you time during tax season.

FreshBooks is currently only free for 30-days and then after 30-days paid packages start as low as $19.95 a month.

4. Manager

Manager is known as the most comprehensive free accounting software out there. Manager provides over 40 different accounting features to help save you time and money all while providing a user-friendly design. Manager is available for download on Mac, Windows, or Linux.

5. Zoho Invoice

As you guessed it, Zoho Invoice primarily focuses on the invoicing and billing side of accounting. Designed to save you time and effort, Zoho Invoice is even available for download on your mobile device so it is always at your fingertips. Zoho Invoice is also integrated with PayPal so it makes receiving payments easier than ever.

Sign up for the “Forever Free Plan” to use all of the basic services for free, but for additional features paid plans start at just $15 a month.

6. xTuple PostBooks

xTuple PostBooks provides more than just accounting software, it is a fully-integrated business management system that was built to run on the cloud or on a local server. xTuple provides general accounting features, CRM, sales software and much more. It is said to be flexible and can be used by a wide range of businesses of any size.

If you want additional features from xTurple there are multiple upgrade options available.

7. Adminsoft Accounts

Unlike many other “free” accounting software, Adminsoft Accounts promises you more than just a free trial; you can use Adminsoft Accounts for free for ever without reduced functionality and no popup advertising. Adminsoft Accounts provides a full double entry accounting system. Developed by a small business owner for other small business owners, Adminsoft Accounts allows multi-user, multi-company, and multi-currency options.

8. TurboCASH

Known as the world’s leading open source accounting software for small businesses, TurboCASH is now available in 25 different languages and covers over 80 different tax regimes. When joining TurboCASH you become a part of a community that has over 100,000 members. TurboCASH was designed to help make your business more competitive and to improve profitability.

9. GnuCash

An open source application, GnuCash has continuously developed since it was first released in 1998. GnuCash is perfect for small business since it is designed to be easy to use, while still being powerful and flexible. It uses professional accounting principles to help ensure balanced books and accurate reports.

10. TAS Basics

Although it has some limitations, TAS Basic has numerous features that can be useful for basic accounting tasks. You can use it to maintain creditor and debtor records, manage multiple bank accounts, and record cash flow. It can also help you in VAT accounting.

However, one of the notable limitations of TAS Basics is that it has no tool for recording sales invoices. Enjoy all the features of TAS software by upgrading to its premium version.

11. VT Cash Book

If you’re looking for a solution to handle your basic accounting needs, then you can make do using the free VT Cash Book.

This software supports multiple bank accounts with bank reconciliation option. It can also help you with your VAT accounting.

VT Cash Book has a basic interface which allows you to enter daily transactions and then produce accounting reports when needed.

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