Keeping track of your finances is essential for any business, but not everyone has the budget to invest in expensive accounting software. That’s where free accounting software comes in. In this article, we’ll explore the best free accounting software options of 2016.
Features to Look For
1. User-Friendly Interface
Look for software that is easy to navigate, with a clear and intuitive interface. This will save you time and ensure accuracy.
2. Cloud-Based Capabilities
Cloud-based software allows access from anywhere with an internet connection, making it easier to work remotely and collaborate with others.
3. Invoicing and Billing
Choose software with invoicing and billing features to streamline your payment process. This will help you get paid faster and keep track of outstanding invoices.
4. Expense Tracking
Make sure the software you choose has a way to track expenses, such as categorizing them and attaching receipts. This will help you stay on top of your finances and make tax time easier.
5. Compatibility with Other Tools
Consider software that integrates with other tools you use, such as payroll or project management software. This will help you streamline your workflow and save time.
6. Customer Support
Make sure the software you choose has good customer support, whether it’s through email, phone, or chat. This will ensure that you can get help when you need it.
Top Free Accounting Software Options
1. Wave
Wave is a popular choice for small businesses, offering features such as invoicing, expense tracking, and payroll. It also has a user-friendly interface and good customer support.
2. GnuCash
GnuCash is an open-source accounting software option that offers features such as invoicing, expense tracking, and budgeting. It is compatible with Windows, Mac, and Linux operating systems.
3. ZipBooks
ZipBooks offers a range of features, including invoicing, expense tracking, and time tracking. It also has a client portal for easy communication with customers.
4. SlickPie
SlickPie offers invoicing, expense tracking, and financial reporting features. It also has a user-friendly interface and good customer support.
5. Manager
Manager is a free accounting software option with features such as invoicing, expense tracking, and financial reporting. It is also available in multiple languages.
6. TurboCASH
TurboCASH is an open-source accounting software option with features such as invoicing, expense tracking, and inventory management. It is compatible with Windows and Linux operating systems.
FAQ
What is the best free accounting software?
There are several good free accounting software options available, including Wave, GnuCash, and ZipBooks.
Can I use free accounting software for my business?
Yes, many free accounting software options are suitable for small businesses. However, be sure to check that the software has the features you need.
Is free accounting software safe?
Yes, as long as you choose reputable software from a trusted source. Be sure to research the software and read reviews before downloading.
Can I upgrade to a paid version of the software?
Yes, many free accounting software options have paid versions with additional features. You can upgrade if you need more advanced features.
Do I need accounting experience to use free accounting software?
No, many free accounting software options are designed for users with little or no accounting experience. However, it’s always a good idea to educate yourself on basic accounting principles.
Can I access free accounting software from multiple devices?
Yes, many free accounting software options are cloud-based and can be accessed from multiple devices with an internet connection.
What kind of customer support is available for free accounting software?
It varies by software, but many free accounting software options offer email, phone, or chat support. Some may also have user communities or forums.
Is there a limit on how many users can access free accounting software?
It depends on the software. Some free accounting software options have a limited number of users, while others allow unlimited users.
Pros
Free accounting software can save small businesses money.
Many free accounting software options have user-friendly interfaces.
Cloud-based software allows for remote access and collaboration.
Free accounting software can help streamline invoicing and expense tracking.
Tips
Research multiple free accounting software options before choosing one.
Make sure the software has the features you need.
Educate yourself on basic accounting principles.
Summary
Free accounting software is a great option for small businesses looking to save money. When choosing software, look for a user-friendly interface, invoicing and expense tracking features, and compatibility with other tools. Top free accounting software options include Wave, GnuCash, and ZipBooks. Be sure to educate yourself on basic accounting principles and research multiple options before choosing one.