What is the Best Free Accounting Software Download Available?

Let’s admit it…we all like free, right? What about when it comes to Accounting Software? What is the best free accounting software download available? Should we trust free accounting software? These are all good questions. Selecting the right accounting software package is important regardless if you are a small business or a large enterprise. Being able to easily run reports and see “snapshots” of the health of your business at anytime is very important.

Sometimes it is true that you get what you pay for. That being said, I would not rule out that cheaper automatically means inferior. For example, I used to run my webinars on the GoToWebinar platform that costs me $100 a month for 100 available spots. That is a $1200 yearly costs. I was okay with the expense because I was earning more than $100 a month for my webinars. However, AnyMeeting.com recently launched an update to their webinar software that rivals GoToWebinar. The best part about AnyMeeting is that it is completely free. So, do not just rule out that free means inferior.

Before diving in head long into downloading free accounting software there are some things to keep in mind:

  • Never use a free accounting software package that does not have a quality level of encryption service
  • Be sure there is an adequate level of support and help files
  • Be sure it is compatible with many different operating systems
  • While it may have the functionality, be sure it is user-friendly so it saves you precious time

Free Accounting Software for Small Business

Since mostly small businesses are on the hunt for free accounting software, I thought that I would write this post with them in mind. I will say up front that I have not personally used each of these free accounting packages nor do I recommend them. This is simply a compiled list to streamline your research time.

1. Choice Accounting – Since 2004, Choice Accounting has offered downloadable accounting software. Free download is available for their basic package. They boast that the basic package has all of the features you need to process accounting tasks, payroll and taxes. They earn their income when you decide to purchase some of the advance modules that they have available for purchase.  It comes with a set-up wizard that is said to be easy to use to get started.

2. Accounting Startup Edition – You can also download free accounting software directly on the Dynacom site. They have provided this free software since 2006. They only have one requirement that they ask in exchange. They would like for you to link to their website from your website. This is simple and easy to do.  The software includes all of the functionality that you would hope for in a free small business accounting software such as payroll, banking, sales, general ledger, and purchasing.

3. GnuCash – This free business accounting software has grown in popularity in recent years. It is available for free download on Linux, Windows, and Mac platforms. Some of the features include: small business accounting, double entry accounting, transaction matching, reports, and financial calculations.

Free Online Accounting Software

Image representing Wave Accounting as depicted...

Image via CrunchBase

The good news is that you do not have to download accounting software to your desktop if you do not want to. These days, there are more and more free online accounting software packages that are popping up everyday. There are also some great online services to help you stay organized with your receipts, invoices, and paperwork. Shoebox is one of my new favorites. I wrote a review of the Shoebox service a few months ago on this blog.

As far as free online accounting software goes my personal favorite is Wave Accounting. The developer of this nifty online software is very committed to making it the best. It is integrated in a way so that you do not have to do manual entries. You can link up your bank accounts and even your Paypal accounts in order to automatically import your transactions. I also like that it integrates nicely with Shoebox that I mentioned earlier. One of my favorite features is that it has two tabs. One labeled personal and one for business. This is ideal for the small business owner because they can manage both their personal finance and their business finances online in one place for free. Give it a try!

    Jonathan has been blogging since 2009 and is still in awe that the Creator of the Universe desires to have a relationship with him. His passions include spending time with his kids, reading, March Madness, surprise get-a-way trips with his wife, and watching funny YouTube videos.

    Please note: I reserve the right to delete comments that are offensive or off-topic.

    Leave a Reply