Free open source accounting software download

If you’re in need of accounting software for your business, it’s safe to say that you’ll be using that accounting software to examine every dime coming in and out of your banking accounts.

At some point, you’ll probably ask yourself “How much am I paying each month for this accounting software, and can I eliminate that expense?”

Yes, you can get free accounting software, and in this article we’ll look at four popular and totally free options (find out how we chose the featured products here), along with a few reasons that you might be better off paying for your accounting software even when there are free options available.

Here’s what we’ll cover:

 
Free accounting software:
Wave
ZipBooks

Open source accounting software:
Akaunting
GnuCash

Free accounting software

While it’s not too difficult to find free versions of some business software, truly free accounting software (not just a free trial) is something of a rarity, with most popular accounting vendors charging a monthly fee for even their most basic version. These two accounting solutions, while not as advanced as their paid counterparts, are built on a foundation of features capable of meeting the needs of most small or midsize businesses.

 

Wave

4.4/5.0
1,037 reviews

A screenshot of the main dashboard in Wave Accounting
The main dashboard in Wave Accounting (Source)

Designed with the small-business owner in mind, Wave—which was acquired by H&R Block for around $400 million in July of 2019—prides itself on its simplicity and ease of use. Its intuitive user interface keeps the most important financial data front and center, accessible immediately after signup via any device with a web browser.

The idea here is that keeping things simple relieves much of the stress associated with accounting software. But don’t be deceived by this bare-bones approach; for a free piece of software, Wave is rich in features. This includes informative user dashboards, unlimited income and expense tracking, and customizable invoicing and sales tax processes.

Other features include:

  • Fast setup
  • Bulk transaction updates
  • Exchange rate conversions
  • PayPal, Shoeboxed, and Etsy integrations
  • Unlimited bank and credit card accounts
  • Bill and invoice reminders

While the accounting app really is free, accepting payments (2.9% + 30 cents per credit transaction, or 1% per bank transaction) and running payroll ($20 per month plus $4 per employee) are paid, optional features.

Wave also appears on our Accounting FrontRunners list for 2021.

Not sure if Wave’s free accounting app is right for you? Check out this video walkthrough of how to set up recurring invoices:

 

ZipBooks

4.5/5.0
93 reviews

zipbooks
The main dashboard in ZipBooks (Source)

Like some other free accounting systems, ZipBooks offers a complimentary starter tier to its more robust paid options. The free version does offer notable useful features for small businesses.

For no cost, users can send unlimited invoices, process digital payments, and manage as many vendors and customers as they need. This cloud-based solution also boasts integration with third-party applications such as Square, PayPal, Slack, and Gusto, giving organizations the freedom and flexibility to do business on their terms.

Other features include:

  • Custom invoices, quotes, and estimates
  • Ability to toggle between cash- and accrual-based reporting
  • Vendor and customer detail tracking
  • VAT, taxes, and invoice discounts
  • 1099 payment and expense recording
  • Balance sheet and profit and loss reporting

Learn how to get started using ZipBooks with this tutorial:

Open source accounting software

If you need an accounting system that you can modify to meet your business’ unique needs, open source software is a great option to consider. Users can download the source code—usually for little or no cost—and mold it into their ideal accounting system.

Open source systems require a certain degree of development expertise. But if you have a dedicated IT department, employ a coding expert, or are willing to hire a third-party consultant, open source software offers a viable alternative to the more monolithic—and pricey—solutions on the market.

 

Akaunting

(No reviews yet)

A screenshot of the Accounts overview in Akaunting open source accounting software
The Accounts overview in Akaunting open source accounting software (Source)

The curiously named Akaunting had its first stable release in 2018 and has been growing steadily ever since, with 180,000 downloads, 80,000 cloud users, and 10,000 project contributors, according to the Akaunting website. It is available in almost 50 different languages.

Akaunting aims to remove the stigma of open source software being difficult to use, claiming to get users up and running and fully functional in less than five minutes. Users can download the main accounting core, which includes all the standard accounting features small businesses will need, and add optional features as app downloads. Some of these optional apps include contract management, documents management, white label customization, and some integrations are paid.

If you run into trouble, free support comes through extensive online documentation, and community forums and chat rooms. The project is also monetized through a paid, dedicated support service, starting at $99/month if you really need help and don’t mind spending to get it.

Core features include:

  • Modern, intuitive, mobile-ready interface
  • Free updates for life
  • Advanced reporting
  • Customer and vendor management
  • Recurring billing and invoicing
  • Categorization and bulk actions

Want to see Akaunting in action? Check out this video:

 

GnuCash

4.6/5.0
40 reviews

gnucash
Checkbook-style register in GnuCash (Source)

This on-premise accounting solution offers a robust set of features—recurring transactions, bank reconciliation, and financial reporting among them. What’s more, it’s as affordable as it gets (i.e., free) and endlessly customizable.

The GnuCash register is like a digital checkbook of sorts, with the ability to split transactions, display multiple accounts in a single window, and tailor the appearance to your liking. But the software’s signature quality is its “double entry” feature, which mandates that all transactions must debit and credit accounts in equal measure—keeping your books balanced at all times.

Other features include:

  • Track individual stocks and portfolios
  • Regularly updated stock and mutual fund quotes
  • Check printing
  • Payroll management
  • Auto-fill frequent transactions
  • Income and expense categorization

Check out the video below on GnuCash for an overview of how this free accounting software works:

Why you must consider paid solutions, too

While the systems outlined above might work for some organizations, they won’t work for all. In many cases—even yours, potentially—investing in a reputable paid solution will pay dividends in the long run.

So now that we’ve explored some free and open source options, you may also want to look at some top-rated paid systems, too, so you have the full picture. Check out our accounting software directory, where you can learn about common features, the products that are most recommended by our advisors, and the top rated products based on real user reviews.

A screenshot of the Software Advice accounting software Buyers Guide
The Software Advice accounting software Buyers Guide (Source)

How we chose featured products

To identify the systems featured here, we Googled the terms “free accounting software” and “open source accounting software” during the month of April 2021 in an incognito window with the location set to the U.S. Provided they met the following criteria, the top solutions on the first page of search results are presented/included above in alphabetical order:

  • Offer a free, standalone version of the software (not a trial version of the software where you must purchase a product after a limited amount of time).
  • Meet our accounting software definition: Accounting software enables accounting professionals in any type of organization to manage accounts and perform various accounting and financial operations such as record keeping, financial reporting, billing, and invoicing.

Dolibarr ERP – CRM

Open source ERP and CRM web software for business

Dolibarr ERP – CRM is an easy to use ERP and CRM open source software package (run with a web php server or as standalone software) for businesses, foundations or freelancers (prospect, invoicing, inventory, warehouse, order, shipment, POS, members for foundations, bank accounts…).Dolibarr is also available with auto-installers for users with no technical knowledge to install Dolibarr and all its prerequisites (Apache, Mysql, PHP) with just one package. Available platforms for such packages are: Windows, Debian, Ubuntu, Mint, Redhat, Fedora, OpenSuse, Mandriva, Mageia. Other platform can use the generic distribution.This is a modular product, than can be enhanced with tons of external modules (to provide you features not available by default) from https://www.dolistore.comDownload Dolibarr ERP – CRM here or sign up for 15-day free trial of the cloud-based application with free updates and support at one of the Cloud providers https://saas.dolibarr.org/

Accounting is an important part of everyday business operations. Small, medium and large-sized businesses need to handle financial data and information to ensure all financial resources end up in the right places. When using the right software, companies can perform simple and complex financial transactions.

Accounting can gather, summarize, analyze, and report financial data. Moreover, companies can automate bookkeeping processes that are difficult to handle manually. This means businesses can process their financial transactions and records at greater speeds.

Businesses also need to ensure that all of their financial records are accurate and up to date. For that reason, they have to use an application that can identify and correct errors.

In addition to facilitating faster and efficient accounting processes, accounting software helps companies reduce costs such as administrative and accounting department costs. Also, organizations can file their taxes with ease and generate accurate reports at any given moment.

You may like to read: How to Select the Best Accounting Software for Your Business

What are the Best Free Accounting Software: QuickBooks, FreshBooks, Wave, Pivot Accounting Pro, Akaunting, NolaPro Desktop Free Edition, Adminsoft Accounts, ZarMoney, VT Cash Book, Brightbook, QuickFile, NCH Express Accounts, WP ERP Accounting, Pandle, Manager, Momenteo Free Edition, ZipBooks Free Edition, Kiwili Free Edition, SlickPie Starter Edition are some of the best examples of Free Accounting Software.

What are the Best Open Source Accounting Software: GnuCash, SQL-Ledger, FrontAccounting, TurboCASH, LedgerSMB, Money Manager Ex, PhreeBooks, xTuple PostBooks are some of the best examples of Open Source Accounting Software.

You may like to read: Top Accounting Software

What are Accounting Software?

Accounting Software allow businesses to handle all of their bookkeeping and accounting activities. This includes storing financial data and performing various business transactions on a daily basis. Bookkeeping teams, accountants, and other accounting professionals use accounting software to gather accounting data and information, govern accounts, and automate recurring accounting tasks.

Since accounting is the main function of accounting software, users are able to handle general ledger, accounts payable, accounts receivable, bank reconciliation, and fixed assets.

Other important functions of accounting software include billing, invoicing, budgeting, forecasting, payroll management, project accounting, and inventory management. When it comes to choosing a suitable accounting software program, companies can choose from several categories depending on their business operations and needs.

You may like to read: Top Accounting Software

The most common categories of accounting software include billing and invoicing systems, payroll management systems, enterprise resource planning systems, and time and expense management systems. It’s up to the company’s accounting professionals to determine which accounting software program meets their needs.

You may like to read: Top Accounting Software, and How to Select the Best Accounting Software for Your Business

What are Accounting Software

  • Accounts Payable, Accounts Receivable, General Ledger, Billing, Invoicing, and Payments: Accounting software programs include a feature that allows users to track bills, record payments, and automate recurring payments. Companies use this feature to make multiple payments and create checks. Additionally, companies can invoice customers, send payment reminders, track invoice status, pay workers, and automate tax calculations.
  • Dashboard and Tracking: Companies can use the tracking feature to track income, expenses, all types of transactions (bank, card, and online), distance traveled during business trips, and billable hours by employee or client. This feature also helps businesses track various aspects of projects including time and financial resources. A customizable dashboard makes things easier by displaying real-time information.
  • Inventory Management: The inventory management module helps companies control stock availability and product delivery to avoid delivery issues like understock or overstocking. In addition, companies can track products, receive notifications, track costs, manage vendors, and create purchase orders.
  • Reporting: Accounting software comes with a feature that helps businesses generate customized reports. For example, businesses can create balance sheets and generate reports on profits, losses, and expenses. With such reports, businesses can make valuable decisions and track cash flow.
  • Mobile Access: The best accounting software programs on the market today allow users to access and manage accounting data and information via mobile devices.

Accounting Software Benefits

Some of the benefits include:

  • Accurate financial data
  • Reduced operational costs
  • Improved efficiency

Top Free Accounting Software

QuickBooks, FreshBooks, Wave, Pivot Accounting Pro, Akaunting, NolaPro Desktop Free Edition, Adminsoft Accounts, ZarMoney, VT Cash Book, Brightbook, QuickFile, NCH Express Accounts, WP ERP Accounting, Pandle, Manager, Momenteo Free Edition, ZipBooks Free Edition, Kiwili Free Edition, SlickPie Starter Edition are some of the Top Free Accounting Software.

Top Free Accounting Software

PAT Index™

SORT

        

 

QuickBooks

8.5

8.1

64

 

FreshBooks

8.4

8.5

60

 

Wave

9.2

6.0

95

 

Pivot Accounting Pro

8.7

7.8

80

 

Akaunting

9.5

6.9

70

 

NolaPro Desktop Free Edition

8.4

8.5

69

 

Adminsoft Accounts

8.1

8.2

69

 

ZarMoney

8.6

8.9

68

 

VT Cash Book

8.1

7.0

66

 

Brightbook

7.9

7.6

65

 

QuickFile

7.8

8.3

64

 

NCH Express Accounts

8.4

7.7

61

 

WP ERP Accounting

7.8

8.7

60

 

Pandle

7.6

8.5

58

 

Manager

7.8

8.3

53

 

Momenteo Free Edition

7.7

9.0

48

 

ZipBooks Free Edition

7.6

8.6

48

 

Kiwili Free Edition

7.7

8.9

47

 

SlickPie Starter Edition

7.7

8.3

45

1

QuickBooks

QuickBooks enables you to quickly design an invoice template to represent your brand, or modify one of pre-installed online invoice templates. It also allows you to send your invoices with a Pay Now link so your customers can make online credit card payments instantly and easily. You can also track when invoices are sent, viewed, and paid. QuickBooks lets you stay in-sync with your bank by automatically downloading, categorizing, and reconciling bank and credit card transactions. QuickBooks helps you track and record expenses making it easy to reference during tax reconciliation and filing. It allows you to take a photo…

Overview

Features

• Accounting software
• Invoicing software
• Cloud-based
• Online payments
• Mobile integration

Price

• Self-Employed – $4.99/month
• EasyStart– $10.40/month
• Essentials – $18.90/month
• Plus – $24.00/month

Website

QuickBooks

What is best?

• Inventory management
• Time tracking
• Reporting dashboards

What are the benefits?

• Get paid faster by accepting credit card, debit card, and bank transfer payments
• Track invoice status, send payment reminders, and match payments
• Create professional custom invoices with your logo

Bottom Line

QuickBooks is accounting software that provides accounting solutions for self-employed persons, accountants, and small businesses.

8.5

Editor Rating

8.1

Aggregated User Rating

5

ratings

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QuickBooks

2

FreshBooks

FreshBooks is a cloud-based accounting application that can be securely accessed from any device, anywhere. FreshBooks Invoicing software provides the tools you need to customize your invoices to reflect your brand. You can change colors, add logos, or even adjust currencies. Again, all your accounting activity is captured in FreshBooks, so you can easily transform an estimate, project or time sheet into an invoice. With FreshBooks, you can use invoice templates for regular clients so you do not have to create a new one every time.FreshBooks lets you accept credit cards so your clients can pay you via multiple online…

Overview

Features

• Invoicing software
• Expenses tracking
• Time tracking
• Project management
• Online Payments
• Clients’ contact info
• Reporting dashboards

Price

• Lite – $15/month
• Plus – $25/month
• Premium – $50/month

Website

FreshBooks

What is best?

• Invoicing software
• Expenses tracking
• Time tracking

What are the benefits?

•Track Your Business Expenses Without Lifting a Finger
•Easily Bill Your Client For Expenses
•Ensure Compliance With Accurate Reporting

Bottom Line

FreshBooks is accounting software that provides a simple, secure, and intuitive accounting solution to manage your business.

8.4

Editor Rating

8.5

Aggregated User Rating

7

ratings

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FreshBooks

3

Wave

Wave is an accounting software which covers the spectrum of a small business owner’s financial life, and helps businesses grow and thrive by providing access to capital (Lending), improving cash flow (Payments), delivering money to employees (Payroll), helping businesses get paid (Invoicing), preparing for tax time and providing business insights (Accounting, Receipts). Wave’s payment and credit card processing feature offers sub-features such as accept credit cards on the invoices users send, set up recurring billing for users’ repeat customers—charge a card and send a receipt without lifting a finger, customers pay faster where most invoices get paid in 2 business…

Overview

Features

• Payments
• Invoice Templates
• Credit Card Processing

Price

• Free

What is best?

• Payments
• Invoice Templates
• Credit Card Processing

Bottom Line

Wave lets users get paid, track expenses, manage their money and pay their team effortlessly.

9.2

Editor Rating

6.0

Aggregated User Rating

9

ratings

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Wave

4

Pivot Accounting Pro

Pivot Accounting Pro is an accounting software and tax package tool for self-employed sole proprietors operating anywhere in Canada. Pivot Accounting Pro offers the tax package tool that allows proprietors to determine what their GST/HST owing and taxable income is for the year. Pivot Accounting Pro supports every province in Canada and can handle taxation years where the GST, PST, or HST rates changed during the year. Pivot Accounting Pro provides influential accounting reports and summaries that can be exported to a PDF format and emailed to a tax practitioner. The accounting software and tax package tool are also created…

Overview

Features

• Determines the GST/HST owing and taxable income is for the year
• Provides powerful accounting reports and summaries
• Exports reports and summaries to a PDF format and emailed to a tax practitioner
• Uses 2GB RAM, 200 MB Hard Disk Space, and Windows 7 or Mac OS X 10.8.
• Works with an accounting professional is all embedded in the programming feature
• Performs the full range of bookkeeping tasks required to track all the business revenue

Price

Starting at : $20

What is best?

• Exports reports and summaries to a PDF format and emailed to a tax practitioner
• Uses 2GB RAM, 200 MB Hard Disk Space, and Windows 7 or Mac OS X 10.8.
• Works with an accounting professional is all embedded in the programming feature

What are the benefits?

• Supports every province in Canada and handles taxation years
• Uses a tax package tool to make easy tax processes
• Determines taxable income quickly

Bottom Line

Pivot Accounting Pro is an accounting software and tax package tool created for self-employee sole-proprietors that enables them to perform the full range of bookkeeping tasks required to track all the business revenue.

8.7

Editor Rating

7.8

Aggregated User Rating

3

ratings

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Pivot Accounting Pro

5

Akaunting

Akaunting is a free and online accounting software designed for small businesses to manage their finances and stay on top of their cash flow. Invoicing, accepting online payments and keeping track of expenses couldn’t be simpler. Akaunting is built with modern technologies such as Laravel, Bootstrap, jQuery, Swift Mailer, API etc. With Akaunting, access financials instantly from any device: Mac, PC, tablet or phone. Akaunting is an Open Source project with contributors from all over the world. Akaunting is hosted on GitHub and open for everyone to contribute. With Akaunting software, send professional invoices to clients and start accepting online…

Overview

Features

• Client Portal: Share the transactions and invoices with clients
• Unlimited attachments: Attach business files and/or receipts to invoices, expenses, payments for original evidence
• Billable expenses
• Multilingual Panel: Switch between languages easily, instantly
• Fine-grained permissions
• Deposits & transfers: Add deposits to and transfers between accounts

Price

• Free

What is best?

• Billable expenses
• Multilingual Panel: Switch between languages easily, instantly
• Fine-grained permissions

What are the benefits?

• Low System Requirements: Akaunting is able to run on affordable hosting with very basic requirements
• Out of the Box: Running and fully functional in no longer than five minutes
• Expense tracking: Keep track of mounting bills & expenses and the money flowing out

Bottom Line

Akaunting is a free, open source and online accounting software designed for small businesses and freelancers and built with modern technologies.

9.5

Editor Rating

6.9

Aggregated User Rating

65

ratings

You have rated this

Akaunting

6

NolaPro Desktop Free Edition

NolaPro is a powerful and fully customizable accounting software which offers over 100 add-ons and tons of setup choices. NolaPro offers features such as automatic updates, data backups, secure site, customer tracking, billing, payables, general ledger, international features, multiple languages, multiple users, multiple companies, inventory, payroll / timeclock, orders / POS and b2b web portal and add-ons like 12 month history of customer sales or units sold, block salesperson changes, create customer groups. NolaPro also provides customer item discounts, customer notes, customer page customizer, email center, employee notes, employee time tracking, employee-specific tax expense for GL, limit salesman access, VTIGER(tm)…

Overview

Features

• Contacts
• Ledger
• Order Management
• Billing
• Payables

Price

• Desktop – $0 Download
• MyBiz – $9.99 /MO
• Prosper – $39.99 /MO

What is best?

• Contacts
• Ledger
• Order Management

What are the benefits?

• Free Trial
• Inventory
• Payroll

Bottom Line

NolaPro is an accounting software for home business, small business and mid-size business
& corporations which lets users fit the specific needs of their business, add functionality for use with their industry and integrate with their existing 3rd-party applications or in-house development.

8.4

Editor Rating

8.5

Aggregated User Rating

4

ratings

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NolaPro Desktop Free Edition

7

Adminsoft Accounts

Adminsoft Accounts is a full double entry accounting system, complete with Accounts Receivable (Sales Ledger), Accounts Payable (Purchase Ledger), General Ledger (Nominal Ledger), Stock Control / Inventory, Purchase Order Processing, Invoice software, Human Resources, and even payroll software. It’s also multi-user, multi-company, and multi-currency. In addition, it contains special modules (which can also be used for free) for retail, cafe, and restaurant trade, and for point of sale and workshop operations in the autotrade. The software will run on just about any PC running Windows, from Windows 98 through to Windows 10. It will also run on iMac or Linux…

Overview

Features

• Customer Contact Diary
• EC Sales List, including Submission to HMRC
• Overdue account letters
• Bad Debt Write Off
• Balance Sheet Report
• Sales Analysis Codes
• Early Settlement Discounts

Price

• Free

What is best?

• EC Sales List, including Submission to HMRC
• Overdue account letters
• Bad Debt Write Off

What are the benefits?

• Customizable: Import data from a range of different file formats
• Secure: Set up passwords, allow login and backup operations, create login restrictions
• Track: Set up customer and supplier details and gather info about suppliers

Bottom Line

Adminsoft Accounts is an easy to use multi-user, multi-currency, and multi-company, double entry accounting system.

8.1

Editor Rating

8.2

Aggregated User Rating

3

ratings

You have rated this

Adminsoft Accounts

8

ZarMoney

ZarMoney is accounting software that has every aspect of its program designed to give businesses greater access and more command of information to accelerate and enhance the accounting process. ZarMoney is scalable and adapts to business quickly and provides comprehensive command over full inventory management, customized reports, and automated controls. With ZarMoney, businesses can enjoy the ultimate mobility and remote connectivity for optimum management agility and enhance access to their books from any device and any location. The built-in messaging and alerts feature offers businesses with an excellent platform to allow them to communicate at any time as well as…

Overview

Features

• Fax and email directly from the application without any fax line or email service
• Drag tasks to the calendar and sync with the Google Calendar
• Schedule delivers, customer call-backs or any important tasks
• Close control of the order processing workflow and automatically notifying customers when anything in their order changes
• Troubleshoot or update other team personnel
• Ultimate mobility and remote connectivity for optimum management agility

Price

• Entrepreneur – $0
• Small business – $29/month
• Enterprise – $350/month

Website

ZarMoney

What is best?

• Drag tasks to the calendar and sync with the Google Calendar
• Schedule delivers, customer call-backs or any important tasks
• Close control of the order processing workflow and automatically notifying customers when anything in their order changes

What are the benefits?

• Access your books from any device
• Enhance collaboration in teams
• Manage accounting with custom statuses

Bottom Line

ZarMoney is an accounting software that is scalable and adapts to a business easily and provides comprehensive command over full inventory management, customized reports, and automated controls.

8.6

Editor Rating

8.9

Aggregated User Rating

4

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ZarMoney

9

VT Cash Book

VT Cash Book can be used to record the day to day cash transactions for any size of business. VT Cash Book is extremely simple to use and data entry is very fast. VT Cash Book is a highly simplified version of VT Transaction+. VT Cash Book files can be opened in VT Transaction+ and vice versa. Support is only provided to VT Cash Book users if they have purchased a license for VT Transaction+. Five support enquiries can be made within a year of purchase at no additional charge. Reports in VT Cash Book are in windows. Switch between…

Overview

Features

• VAT returns
• Profit and loss account, balance sheet and ledgers reports
• AutoComplete: When entering a payment, an analysis account is automatically suggested if the paid to/received from details that have been entered match a previous transaction
• Fast data entry
• Supports multiple bank/cash accounts
• Split Analysis

Price

• Free

Website

VT Cash Book

What is best?

• AutoComplete: When entering a payment, an analysis account is automatically suggested if the paid to/received from details that have been entered match a previous transaction
• Fast data entry
• Supports multiple bank/cash accounts

What are the benefits?

• Backup: There are commands on the File menu of VT Cash Book to back up and restore data to a CD, memory stick or any other drive
• Drill down: Click on an account name to display the entries in the account
• Correcting mistakes: Any aspect of a transaction can be changed by clicking on it in an account or any other report window

Bottom Line

VT Cash Book is free accounting system that allows to enter income and expenses and reconcile bank and cash accounts producing profit and loss, balance sheets and ledger reports.

8.1

Editor Rating

7.0

Aggregated User Rating

5

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VT Cash Book

10

Brightbook

Brightbook is a completely free software that makes invoicing a very easy task. It offers invoicing, instant insights along with accounting software that allows you to import banking statements to see profit and loss. It also provides the feature of multiple users using the software with selective access according to hierarchy and requirement for extra security and privacy. Brightbook is the perfect bookkeeping solution for small business owners, freelancers and contractors. Brightbook makes bookkeeping an easier, less time-consuming and more enjoyable process. And because it’s online, use it anytime, anywhere. Brightbook has Bank-level security – it uses the same level…

Overview

Features

• Income tax preparation / planning
• Firewall, Network & Server Security
• Profit and Loss report (or financial statement) is a summary of sales, costs and bills/expenses
• Templates: Invoices can be emailed directly to clients from the Invoice page
• Fixed asset management
• Brightbook diary organizes bookkeeping activity

Price

• Free

What is best?

• Firewall, Network & Server Security
• Profit and Loss report (or financial statement) is a summary of sales, costs and bills/expenses
• Templates: Invoices can be emailed directly to clients from the Invoice page

What are the benefits?

• Banking: Track and reconcile money paid in and out against payments and bills
• Multi-currency: Invoice a client in any currency and Brightbook will automatically convert it back to home country’s currency
• Visual Reference: View bills and expenses as a list, or visually, in the Gallery View

Bottom Line

BrightBook is a very simple but completely free accounting solution tailored to small businesses that want to get their accounting out of the way quickly and easily.

7.9

Editor Rating

7.6

Aggregated User Rating

5

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Brightbook

11

QuickFile

QuickFile is a provider of cloud accounting software for businesses of multiple sizes. With affordable pricing and useful features, it’s popular with small and medium businesses. QuickFile provides a full suite of accounting features including professional invoicing, expense management, VAT, bank feeds and over 300 integrations. QuickFile was designed from the onset to be simple and intuitive. No steep learning curve. A simple, yet effective piece of software to aid businesses with their bookkeeping and accounting, QuickFile often implements new features based on community demand. QuickFile can create a branded online portal where clients can view, download, print and pay…

Overview

Features

• Invoice revision history, track changes to invoices and estimates
• Full reporting enables businesses to view their financial position at any given time
• CSS Designer for advanced invoice editing
• Automated overdue reminders by email
• Custom branded administration and client area
• 2 factor authentication with Google Authenticator

Price

• Free

Website

QuickFile

What is best?

• Full reporting enables businesses to view their financial position at any given time
• CSS Designer for advanced invoice editing
• Automated overdue reminders by email

What are the benefits?

• Backup: Minimize the risk of data loss
• Import: Upload bank data from online banking app in CSV format
• Digital Recordkeeping: Accounting records are kept in a digital format

Bottom Line

QuickFile is a quick bookkeeping and accounting package that includes unique features, making bookkeeping seem less discouraging

7.8

Editor Rating

8.3

Aggregated User Rating

2

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QuickFile

12

NCH Express Accounts

NCH Express Accounts is a professional business accounting software that offers an excellent platform to easily track payments and deposit transactions, view balances and reports to see how the business is doing, and email or fax reports directly to the accountants. NCH Express Accounts accounting software is also perfect for a small business needing to document and report on incoming and outgoing cash flow including sales, receipts, payments, and purchases. The key features offered by NCH Express Accounts include sales and accounts receivable, accounts payable, financial analysis and reports. The sales and accounts receivable feature facilitates tracking sales and accounts…

Overview

Features

• Multiple users with web access within the organization can securely log on and use the program on your network or online
• Secure mobile access to the program through the web interface (e.g., iPhone, Android)
• Integrates with Inventoria to maintain inventory data across all aspects of your business
• Run multiple businesses with a single installation, including businesses operating with different currencies
• Automatic integrated backup
• Generate over 20 essential financial reports at any time and analysing sales by customer, salesperson or item

Price

Contact for pricing

What is best?

• Secure mobile access to the program through the web interface (e.g., iPhone, Android)
• Integrates with Inventoria to maintain inventory data across all aspects of your business
• Run multiple businesses with a single installation, including businesses operating with different currencies

What are the benefits?

• Easily track payments and deposit transactions
• View balances and reports to see how your business is doing
• Email or fax reports directly to your accountant

Bottom Line

NCH Express Accounts is a professional business accounting software perfect for small business needing to document and report on incoming and outgoing cash flow including sales, receipts, payments and purchases.

8.4

Editor Rating

7.7

Aggregated User Rating

14

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NCH Express Accounts

13

WP ERP Accounting

WP ERP Accounting is accounting software that uses a graphical dashboard that allows businesses to view all vital information quickly. WP ERP Accounting is also flexible enough to accommodate all types of sales transactions and calculate any sales data the user inputs. WP ERP Accounting uses an intuitive and interactive system that makes it possible for beginners to understand and work smoothly with balance sheets, debit, credit, income statements, and cash flows. The sales transactions feature gives the actual scenario of everything such as total outstanding and received amounts, over dues, and partial payments. The sales transactions feature also enables…

Overview

Features

• Gives the actual scenario of everything such as total outstanding and received amounts, over dues, and partial payments
• Modify payment invoices quickly and add multiple accounts
• Keep a detailed track of the company’s expenses with the associated accounts and vendor files
• Provides payment vouchers that enable businesses to pay directly their vendors with cash from their savings or petty accounts
• Attach file documents with each voucher and allow the amount to be adjusted instantly
• Key journal entries into the system in a flash

Price

Contact for pricing

Website

WP ERP Accounting

What is best?

• Keep a detailed track of the company’s expenses with the associated accounts and vendor files
• Provides payment vouchers that enable businesses to pay directly their vendors with cash from their savings or petty accounts
• Attach file documents with each voucher and allow the amount to be adjusted instantly

What are the benefits?

• view all important information quickly by using graphical dashboard
• Accommodate all types of sales transactions
• Makes it possible for beginners to understand and work smoothly with balance sheets, debit, credit, income statements, and cash flows

Bottom Line

WP ERP Accounting is an accounting software that uses an intuitive and interactive system that makes it possible for beginners to understand and work smoothly with balance sheets, debit, credit, income statements, and cash flows.

7.8

Editor Rating

8.7

Aggregated User Rating

2

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WP ERP Accounting

14

Pandle

Pandle is a cloud-based accounting solution for small businesses across the UK. The platform helps streamline accounting activities including invoicing, quotations, receipt uploads, payroll services and tax estimations. Pandle supports multiple currencies and exchange rates for currency conversions. Accountants and business owners can create invoices as well as email bulk invoices to customers and suppliers. Users can also set up recurring invoices and send reminders for pending invoices. Pandle has banking features that enable users to upload transaction receipts and pull transaction history from bank accounts in real time. Pandle’s reporting capabilities allow users to view financial statements and analyze…

Overview

Features

• EU VAT/EC Sales lists: Automatically invoice customers in the EU by submitting EC sales lists to Pandle
• Cash flow forecasting report allows users to set future cash flow goals and view trends
• Bulk invoice emailing
• Stripe integration allows to automatically import transactions
• Transaction locking – Avoid entering transactions for a previous financial period
• VAT Handling

Price

• Free

Website

Pandle

What is best?

• Cash flow forecasting report allows users to set future cash flow goals and view trends
• Bulk invoice emailing
• Stripe integration allows to automatically import transactions

What are the benefits?

• Precision: Ensure the highest levels of accuracy
• Simple set up: Free up more time to focus on other aspects of your business
• Visibility at all times: Easily manage all the quotes created from Pandle’s intuitive interface

Bottom Line

Pandle is a free, intuitive, easy-to-use and efficient cloud accounting aimed at small businesses that removes the stress of bookkeeping by streamlining every process.

7.6

Editor Rating

8.5

Aggregated User Rating

4

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Pandle

15

Manager

Manager Accounting software is one of the most powerful and free accounting software for small businesses. This simple budget software has the best features that help in keeping track of credit notes, purchase orders, bank reconciliation, aged payables, journal entries, charts of accounts, etc. This software works great with Windows-based, Mac and Linux systems. In order to make sure that Manager runs very fast even if you have larger amount of data, all servers are using high frequency Intel Xeon processors with turbo up to 3.3GHz. Manager includes many features for customizing business’ look to the outside world. It also…

Overview

Features

• Accrual-basis accounting
• Bank statement importing
• Statement of changes in equity
• Cashbook describes accounting techniques for physical cash, bank accounts, credit cards, and other forms of money
• Time & service billing
• Delivery notes and goods receipts

Price

• Free

What is best?

• Bank statement importing
• Statement of changes in equity
• Cashbook describes accounting techniques for physical cash, bank accounts, credit cards, and other forms of money

What are the benefits?

• Ease of use: Simple enough to use without a manual
• Adaptable: Supports local tax codes, local date formats, local currency formats, country-specific tax reports
• Improved importing of QIF files so it supports ISO date format

Bottom Line

Manager is free accounting software for small business, available for Windows, Mac and Linux.

7.8

Editor Rating

8.3

Aggregated User Rating

2

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Manager

16

Momenteo Free Edition

Momenteo is accounting software that allows freelancers keep track of their work done, expenses, and travels in the provided beautiful calendar. Momenteo also allows freelancers to manage their clients, invoices, expenses and travels easily while having a clear portrait of their financial status. Momenteo is cloud-based and automated; therefore, the user’s data is stored in the safest way possible. The key features offered by Momenteo include invoices, clients, calendar, time tracking, estimates, reports, and expenses. The invoices allow the users to send beautiful invoices to their clients. The accounting software then allows tracking the status of the invoices and send…

Overview

Features

• The invoices allows the users to send beautiful invoices to their clients
• Track the status of the invoices and send them directly online
• The calendar feature also gives an overview of the month and shows if anything was not added
• Intelligent time trackers that easily track the work done in almost any context
• Convert estimates into an invoice immediately the estimate is approved by the client
• The report feature archives the previous years of activity to allow users to go back in time quickly and find some information from the reports
• Configure the reports with multiple filters

Price

• Free – $0
• Start – $4.50/month
• Explore – $7.50/month
• Plus – $12.50/month

What is best?

• The calendar feature also gives an overview of the month and shows if anything was not added
• Intelligent time trackers that easily track the work done in almost any context
• Convert estimates into an invoice immediately the estimate is approved by the client

What are the benefits?

• Manage clients, invoices, expenses, and travels easily
• Keep track of their work done, expenses, and travels in the provided beautiful calendar
• Stores data in the safest way possible

Bottom Line

Momenteo is an accounting software that allows freelancers to manage their clients, invoices, expenses, and travels easily while having a clear portrait of their financial status.

7.7

Editor Rating

9.0

Aggregated User Rating

3

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Momenteo Free Edition

17

ZipBooks Free Edition

ZipBooks is an accounting and invoicing software that simple, beautiful, and powerful and offers tools to make bookkeeping and reporting in accounting smarter. ZipBooks also offers tools that allow sending professional invoices in seconds and getting paid seamlessly. ZipBooks uses the data-driven intelligence that goes beyond the historical reports in other accounting software to automate, predict and advise. ZipBooks also offers actionable insights based on millions of data points to help businesses to make simple tweaks with an outsized impact. With ZipBooks, a business can automate everything with recurring auto-bills while integrating ZipBooks into their books. The key features offered…

Overview

Features

• Smart way to track all the transactions with minimal knowledge in accounting
• Keeps accurate accounting records by providing a trusted advisor to help in bookkeeping
• Connect to bank accounts and credit cards to save time and stay current
• Organize works into projects and tasks
• Tag any transaction with a customer, project, location, or other custom tag
• Manage team permissions on reports

Price

• Starter – Free
• Smarter – $15/mo
• Sophisticated – $35/mo
• Services – $125/mo

Website

ZipBooks Free Edition

What is best?

• Keeps accurate accounting records by providing a trusted advisor to help in bookkeeping
• Connect to bank accounts and credit cards to save time and stay current
• Organize works into projects and tasks

What are the benefits?

• Send professional invoices in seconds and get paid seamlessly
• Shows where your money goes by tracking accounts payable
• Retain your most profitable customers by using smart insights

Bottom Line

ZipBooks is an accounting and invoicing software that simple, beautiful, and powerful and offers tools that allow sending professional invoices in seconds and getting paid seamlessly.

7.6

Editor Rating

8.6

Aggregated User Rating

1

rating

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ZipBooks Free Edition

18

Kiwili Free Edition

Kiwili is accounting software that uses a uses a simple sign-up process that has the ability to access all functions through a single dashboard. Kiwili also allows businesses to view and administer business functions with commendable ease as well as enable creating multiple projects and assigning tasks. The key features offered by Kiwili include invoices management, creating projects and assigning tasks, time tracking and billing, and report generation. The project creation and tasks assignment feature provide an excellent platform to create numerous projects. The task assignment feature then allows creating multiple tasks within the projects which can be created and…

Overview

Features

• Create multiple tasks within the projects which can be created and assigned to the designated members
• Track the time spent on each tasks as the team members work on the assigned tasks
• Enables the time tracked to be viewable by everyone
• Create invoices using the application
• Deliver the invoices to their clients through the same interface
• Allows reports to be generated to summarize results in a single file

Price

• Free – $0
• Standard – $9.95/month
• Pro – $19.95/month
• Business – $49.95/month

Website

Kiwili Free Edition

What is best?

• Track the time spent on each tasks as the team members work on the assigned tasks
• Enables the time tracked to be viewable by everyone
• Create invoices using the application

What are the benefits?

• Access all functions through a single dashboard
• View and administer business functions with commendable ease
• Simple sign-up process and user friendly interface

Bottom Line

Kiwili is an accounting software that is allows businesses to view and administer business functions with commendable ease as well as enable creating multiple projects and assigning tasks.

7.7

Editor Rating

8.9

Aggregated User Rating

3

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Kiwili Free Edition

19

SlickPie Starter Edition

SlickPie is a basic expense management software offers all the basic tools for the start-up micro-business management. SlickPie is also ideal for the fresh to the market companies as well as established businesses. SlickPie is also designed to fit small business needs by doing all the heavy lifting work to deliver the most delightful expense management experience. SlickPie uses a MagicBot which acts as an automated receipt data entry tool that enables the business to streamline their expense by automatically pulling information from receipts and converting it into digital data. The expense management tool offers business accounting features starting from…

Overview

Features

• Streamline expense by automatically pulling information from receipts and converting it into digital data
• Send invoices in any currency
• The tracking expenses feature enables users to track their personal and business expenses by recording all their purchases in the software
• Categorize expenses in a number of pre-set categories or in custom ones
• Have control of what bills to pay and when to pay them
• Set invoices automatically to be sent at anytime from anywhere, and tracked whenever it is viewed or paid
• Send a complete outline of the sale, containing product name, product description, product price, and even taxes

Price

Starter- Free

What is best?

• The tracking expenses feature enables users to track their personal and business expenses by recording all their purchases in the software
• Categorize expenses in a number of pre-set categories or in custom ones
• Have control of what bills to pay and when to pay them

What are the benefits?

• Enjoy enough storage space to upload almost any type of file
• It does all the heavy lifting work to deliver the most delightful expense management experience
• Have strict control of all the company’s financial transactions

Bottom Line

SlickPie is a basic expense management software designed to fit small business needs by doing all the heavy lifting work to deliver the most delightful expense management experience.

7.7

Editor Rating

8.3

Aggregated User Rating

2

ratings

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SlickPie Starter Edition

Top Open Source Accounting Software

GnuCash, SQL-Ledger, FrontAccounting, TurboCASH, LedgerSMB, Money Manager Ex, PhreeBooks, xTuple PostBooks are some of the Top Open Source Accounting Software.

Top Open Source Accounting Software

PAT Index™

SORT

        

 

GnuCash

7.8

8.4

95

 

FrontAccounting

9.5

8.6

63

 

SQL-Ledger

9.5

8.0

62

 

TurboCASH

8.8

8.4

57

 

Money Manager Ex

7.5

9.0

55

 

LedgerSMB

8.7

8.8

48

 

PhreeBooks

8.0

8.4

47

 

xTuple PostBooks

7.9

8.4

45

1

GnuCash

GnuCash is an easy to use, yet powerful and flexible personal and small-business financial-accounting software, freely licensed under the GNU GPL and available for GNU/Linux, BSD, Solaris, Mac OS X and Microsoft Windows which allows the users to track bank accounts, stocks, income and expenses and also is a quick and intuitive to use as a checkbook register that is based on professional accounting principles to ensure balanced books and accurate reports. GnuCash offers features such as Small business accounting features, multiple currencies, stock/mutual fund portfolios, online stock & mutual fund quotes, experimental database support, QIF and OFX import, HBCI…

Overview

Features

• Double-Entry Accounting
• Stock/Bond/Mutual Fund Accounts
• Small-Business Accounting
• Reports, Graphs
• Statement Reconciliation
• Scheduled Transactions
• Financial Calculations
• Income/Expense Account Types

Price

• Free

Website

GnuCash

What is best?

• Double-Entry Accounting
• Stock/Bond/Mutual Fund Accounts
• Small-Business Accounting

Bottom Line

GnuCash is a freely licensed accounting software which simplifies managing a small business with customer and vendor tracking, jobs, invoicing and bill payment, and tax and billing terms.

7.8

Editor Rating

8.4

Aggregated User Rating

5

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GnuCash

2

SQL-Ledger

SQL Ledger is a web based ERP system that runs on any NIX, Mac, or Windows platform. Data is stored in SQL database server so that the displayed of any text or GUI browser can be uses. It is freely available an written in an easy readable perl code. There is intuitive interface so that the learning curve is kept to a minimum. It support foreign languages and no special programs is required make changes or add a new language. Installation takes only a few minute bit it is easy to do. It has a lot of features which makes…

Overview

Features

• Accounts Receivable and Payable
• Make Vouchers and General Ledger
• Make Inventory Control and Billing / Invoicing
• Payroll andTime Cards
•POS, Check Printing and make purchase / Sales Orders
• Customizable Taxes

Price

Free

Website

SQL-Ledger

What is best?

• Audit control and Access control
• Foreign Currency
• Internationalization

Bottom Line

SQL Ledger is an open service webbased ERP system that runs on any NIX, Mac, or Windows platform and has many major features that makes it unique.

9.5

Editor Rating

8.0

Aggregated User Rating

7

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SQL-Ledger

3

FrontAccounting

FrontAccounting ERP is a free, downloadable web-based accounting system designed for small and medium businesses. The software allows users to manage their accounts online whether it be for purchase orders, accounts payable, sales orders, deposits, customer invoices or credit notes. FrontAccounting ERP can be accessed from anywhere in the World and different companies can be set-up simultaneously. The software is a multi-user system, supports various languages and can handle a number of currencies, and subscription for remote accessibility is low-cost for open source accounting. FrontAccounting ERP comes with flexible tax configuration tools and works with all banking and general ledger…

Overview

Features

• Web-based accounting system
• Supplier
•Invoices/Credit Notes
• Accounts payable
• Flexible tax configuration tools
• Multi-user system
• Multiple currencies
• MS Excel/Open format
• Office Calc format
• Convert all reports into PDF files
• Journal and budget entries
• Supports multiple languages
• Can be accessed Worldwide
Reduces costs

What is best?

• Web-based accounting system
• Supplier
•Invoices/Credit Notes

Bottom Line

FrontAccounting ERP is a free web-based accounting system providing a system for purchase orders, accounts payable, sales orders, deposits, customer invoices which can be accessed Worldwide in multiple languages.

9.5

Editor Rating

8.6

Aggregated User Rating

14

ratings

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FrontAccounting

4

TurboCASH

TurboCASH is a powerful, flexible, small open source accounting software that is one of the world’s first fully-featured open source accounts packages for small businesses. Since it’s open source, developers can add plug-ins to the main programme and this enables various vertical market opportunities. New versions of the software are released every 4months or so, while major upgrades happen once a year. So far it has over 80,000 users. TurboCASH is free for you to download and also distribute under the terms of the General Public Licence (GPL). As compared to other accounting software’s like Quickbooks and Sage, TurboCASH is…

Overview

Features

• Easy setup
• Powerful Accounting Software
• Accounts management
• Transactions management
• Comprehensive Reporting

Price

Free

Website

TurboCASH

What is best?

• Easy setup
• Powerful Accounting Software
• Accounts management

Bottom Line

TurboCASH is a free open source accounting software for small businesses.

8.8

Editor Rating

8.4

Aggregated User Rating

5

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TurboCASH

5

LedgerSMB

Ledger SMB is an open source ERP software program that gives businesses opportunity to manage their operations, track invoices and payments, inventory and lots more from a single application in a simpler way. the major important of using this program is that; it provides short ramp-up times due to a simple powerful user interface. It easily integrates with other businesses applications through open architecture, It customizability and supporting completion builds the software around your business and not the other way round, and it also opens community of consultants and service providers. There are series of built-in modules which make it…

Overview

Features

• Sales (Invoices, Orders, Quotations)
• Receivables & Payables
• General ledger
• Inventory management
• Fixed asset accounting & depreciation
• Profit centers, departments, projects
• Output documents in PDF, HTML, CSV, Office formats
• Mail documents (e.g. invoices) from within the application
• Translatable to your language (comes with 45 languages)

Price

Free

Website

LedgerSMB

What is best?

• Sales (Invoices, Orders, Quotations)
• Receivables & Payables
• General ledger

Bottom Line

LedgerSMB is a free ERP software program which gives businesses the chance to manage operations, track invoices and payments, inventory and lots more in an integrated way.

8.7

Editor Rating

8.8

Aggregated User Rating

5

ratings

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LedgerSMB

6

Money Manager Ex

Money Manager Ex is a free open source, cross-platform, and easy to use personal finance software that acts as an excellent tool for providing one with a bird’s eye view of their financial worth. Money Manager EX primarily helps to organize one’s finances and keeps track of where, when, and how the money goes. The key features offered by Money Manager EX include reminders for recurring bills and deposits, budgeting, and cash flow forecasting, importing data from any CSV format, simple one-click reporting with graphs and pie charts, international language support, and non-proprietary SQLite database with AES encryption. Money Manager…

Overview

Features

• Reminders for recurring bills and deposits
• Budgeting and cash flow forecasting
• Import data from any CSV format, QIF
• Simple one click reporting with graphs and piecharts
• Does not require an install; can run from a USB key
• Non-proprietary SQLite database with AES Encryption

Price

Free and Open Source

Website

Money Manager Ex

What is best?

• Budgeting and cash flow forecasting
• Import data from any CSV format, QIF
• Simple one click reporting with graphs and piecharts

What are the benefits?

• Simply create accounts and start to use MMEX
• Take note of all expenses and incoming in a clear view
• Easily track fixed assets and incorporate them within total financial worth

Bottom Line

Money Manager Ex is a free open source, cross-platform, and easy to use personal finance software that primarily helps to organize one’s finances and keeps track of where, when, and how the money goes.

7.5

Editor Rating

9.0

Aggregated User Rating

8

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Money Manager Ex

7

PhreeBooks

PhreeBook, which is formerly known as PhreeDom, is a modular ERP web application for small businesses that can track inventory, accounting, contracts, check writing, bank account reconciliation, and more. The purpose of this application is to provide the small-business community with a free multi-language end-to-end enterprise management tool. This appliances includes; Base Operating System ( Detrian GNU/Linux 8, Jessie), Building formats, which deploys on bare metal, virtual machines like Openstack, VMWare, VirtualBox, OpenVz, KVM, and in the cloud. It has ISO images, general installable live CD which can be installed anywhere. It has virtual machine images which is used to…

Overview

Features

• Base operation system
• Build formats
• Free software with full source code
• Secure and easy maintain
• 1-click backup and restore
• Dynamic DNS
•Logical volume management
• AJAX web shell

Price

Contact for Pricing

What is best?

•Web management interface
• Network Modules
•Tool Modules

Bottom Line

PhreeBook is a modular ERP web application for small businesses that can track inventory, accounting, contracts, check writing, bank account reconciliation, and lots more which has a lot of different modules to it functionality.

8.0

Editor Rating

8.4

Aggregated User Rating

4

ratings

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PhreeBooks

8

xTuple PostBooks

xTuple Postbook is an open source ERP program designed for sales, accounting, operations and CRM, all these in a single system. It is a fully featured, fully integrated business management system. It was built to run in the cloud or on a local server and provides the ultimate in power and flexibility for a range of business and industries of any size. It helps organization gets started with xTuple business management software to run the entire business which include; accounting, customer relationship management, manufacturing, inventory purchasing, distribution and delivery, and more. It main features comprises of Accounting, which includes general…

Overview

Features

• Ability to run entire your business easily and comfortably
• Management of customer relationship
• Manufacturing inventory

Price

Contact for Pricing

Website

xTuple PostBooks

What is best?

•Good for purchasing, distribution, delivery and lots more
• Connect your ERP to the web portal
• Presence of different modules; product, inventory, manufacture, schedule, sales, CRM, purchase and accountin modules.

Bottom Line

xTuple Postbook is an open source ERP program designed for sales, accounting, operations and CRM, which has the ability to manage you business, relationships, distribution, purchasing, inventory and delivery.

7.9

Editor Rating

8.4

Aggregated User Rating

3

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xTuple PostBooks

You may like to read: Top Accounting Software, and How to Select the Best Accounting Software for Your Business

What to Choose: Proprietary or Open Source Accounting Software? How about Cloud?

From a buying perspective there are two options based on the source code availability: Open Source Software and Proprietary Software.

Open Source Accounting Software: Open Source Accounting Software is ideal when you have a development team available in your company and when you want to try out the product or build new features and functionality on top of it.

Proprietary Accounting Software: Proprietary Accounting Software is a good choice when you are looking for an established product, when your requirement is for SAAS product or when you need full-fledged support and when open source standards doesn’t matter in your line of business.

What to choose Accounting Software-Proprietary, Open Source, Free, Free Trial

You may want to review: Top Accounting Software

How about Cloud and On Premise Software?

Based on the installation type there are cloud-based and on-premises software systems, with both the systems having equal share of benefits. The cloud software is hosted and managed and maintained on a remote server. It is also referred to as software as a service (SaaS). On-premises software is normally installed and implemented on your company’s premises and which need your own IT team to manage and maintain the on- premises system.

How about Cloud and On Premise Software- Accounting Software

Selection of the installation type depends on the needs of your organization. A small company may find the cloud system more appropriate since the cost of installation is lower as opposed to having on-premises system.

You will find free or limited free versions in both the Open Source Software and Proprietary Software.

We recommend determining how the software fits to your business in terms of features, functionality, and business process with a free trial.

What are Accounting Software?

Accounting Software allow businesses to handle all of their bookkeeping and accounting activities. This includes storing financial data and performing various business transactions on a daily basis. Bookkeeping teams, accountants, and other accounting professionals use accounting software to gather accounting data and information, govern accounts, and automate recurring accounting tasks.

What are the Best Free Accounting Software?

QuickBooks, FreshBooks, Wave, Pivot Accounting Pro, Akaunting, NolaPro Desktop Free Edition, Adminsoft Accounts, ZarMoney, VT Cash Book, Brightbook, QuickFile, NCH Express Accounts, WP ERP Accounting, Pandle, Manager, Momenteo Free Edition, ZipBooks Free Edition, Kiwili Free Edition, SlickPie Starter Edition are some of the best examples of Free Accounting Software.

What are the Best Open Source Accounting Software

GnuCash, SQL-Ledger, FrontAccounting, TurboCASH, LedgerSMB, Money Manager Ex, PhreeBooks, xTuple PostBooks are some of the best examples of Open Source Accounting Software.

Written by Jane