Free Accounting Software for Small Business. Take a look at the following ten best free accounting software options for small businesses. ZipBooks provides powerful and simple-to-use accounting software designed to help small businesses move to the next level. ZipBooks’ free starter option includes unlimited invoicing, unlimited.
- Bookkeeping Software Free For Mac Software
- Bookkeeping Software Free For Mac 2020
- Bookkeeping software, free download For Mac
Wave: Best Free Accounting Software for Mac Users. Wave is the best free accounting software for Mac users. Wave has been designed to provide a seamless, intuitive experience with easy navigation and powerful features to help you manage your business efficiently. With Wave, you can easily track sales, expenses and inventory in real time to stay. Sep 16, 2021 Best Free Accounting Software For Mac There are some free accounting software available for Mac but we don’t recommend them for serious small businesses. One of the main reasons is that they’re very limited and it’s difficult and stressful to switch accounting solutions later on as your business grows. The best accounting software for Mac users is Freshbooks, a solution that streamlines accounting and invoicing processes. It works nicely on mobile devices and Mac or Windows computers with its web-based interface, covering a wide array of advanced accounting features, such as time tracking, expense monitoring, project management, and financial reporting.
So, your business is booming. Congratulations. Now, bookkeeping is not the most fun part of running a business or a new startup, quite the opposite really, but still, a necessary practice to keep your expenses in check. In fact, bookkeeping and accounting will help you understand where all those funds are going, which expenses can be curbed, and how you can plan for the coming months or even years.
While traditional methods of bookkeeping are all but obsolete, robust software and apps have been launched in all shapes and sizes by the developers to help small businesses. This makes it difficult for small businesses, with limited budgets, to choose the right product. Let us help you with this guide on the best bookkeeping and best accounting software for small business.
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Best Accounting Software for Small Business
1. Wave
Wave has gained a fan following in the small business community for providing a free and easy to use accounting solution. In fact, it was specifically built with small businesses in mind.
Wave is easy enough to use even if you don’t have any prior accounting knowledge. Wave will connect with your bank accounts (supports 10,000+ banks) to pull relevant data and there is no limit to the number of accounts or cards you can add. While you can manage accounts payable, Wave cannot make automatic payments to suppliers or service providers. You can manually mark entries as paid. All the payments that you accept from merchants will be noted and reflect in your books automatically. You can raise invoices and send them and when they are paid, mark them accordingly.
Want to manage employees and their salaries? There is Payroll where you can add all the info and Wave will take care of everything automatically. Although, Payroll feature is only available for U.S. and Canadian businesses.
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Finally, financial reports is what gives you a bird’s eye view of what’s happening in your business. Wave will automatically generate pie charts and graphs to help you understand cash flow and create a budget.
Wave Payroll is not free and fees begin at $4 per employee with a $35 base fee. Similarly, credit cards and bank payments will cost you 2.9% + $0.30 and 1% minimum respectively. Overall, Wave is one of the best free accounting software for small business. It’s also available for Android and iOS platform.
Pros:
- Free
- Targeted at small businesses
- Connect all accounts
- Reports, accounts, budgets
Cons:
- Can’t handle automatic payments
Get Wave (Free)
2. Freshbooks
With the advent of the Internet came the freelancers and the solopreneurs. They work alone with no need for employees. Think writers, bloggers, web designers, graphics designer, coders, mom and pop store owners and so on. Freshbooks was designed for you. Freshbooks will help you work with and raise bill for different clients easier. If you are a freelancer or small business owner and feel you are not ready for a paid tool yet, you can use thefree invoice generator by FreshBooks to create, download and print invoices. It also has an iOS app.
Another need for freelancers and solopreneurs is to keep track total billable hours. You can easily assign a dollar value to an hour and raise an invoice based on the number of hours you worked on the project. It comes with a number of invoice templatesso no matter which industry you are working in, there is a template for you. You can connect all your bank accounts and credit cards to pull data and create reports on the fly. Note that only profit and loss statements are supported in reports at the moment. You can also accept payment for invoices raised.
There is no direct support for payrolls because Freshbooks was not built for that. Similarly, there is no support for payroll either. If you do need these services, Freshbook integrates and works with Gusto app. Available on Android and iOS platform.
Plans begin at $15/month for 5 clients and go up to $50/month depending on the number of clients.
Pros:
- Freelancers and solopreneurs
- Connect all accounts
- Raise and manage invoice (very flexible)
- Payroll support
Cons:
- No support for accounts payable
- Limited support for financial reports
Download Freshbooks ($15/month)
3. Zipbooks
A lot of us begin with a simple spreadsheet and work our way through there. I used to monitor all my expenses and income using a spreadsheet too. It is free, easy to use, but lacks several features. Want something more but with fewer bells and whistles? Try Zipbook. Suitable for freelancers and small business owners.
The starter plan is free and can easily handle invoices, bills, and reports. You can create customer profiles. If you own more than one small business or work with multiple clients, Zipbook is good to go. Trading dollars for hours? You can track and assign billable hours. Like Wave, you can handle accounts receivables automatically. Unlike Wave, you can also manage account payables but manually. Tedious but works. Connect all your bank accounts to get an idea of your financial position using automatically generated reports. Zipbook is not available on Android for some reason.
While the Starter plan is good and free, Smarter plan at $15 will let you count billable hours, unlimited bank accounts, and collaboration team members. Sophisticated at $35 will let you add geo-tags to projects, add labels, secure document sharing, and bank reconciliation. Need a personal bookkeeper? Get the Services plan at $125.
Pros:
- Bank reconciliation
- Account Receivable
- Manual account payable
- Time tracking
- Connect all accounts
- Reports
- Personal bookkeeper
Cons:
- No support for Android
- Not all features free
Download Zipbooks (Freemium, Begins $15)
4. SlickPie
SlickPie, like other small business accounting and bookkeeping software mentioned in the list above, offers an easy to use interface for users with little to no experience in these matters. I feel SlickPie is more comparable to Wave as it is free to use and offers many of the same features.
There is no limit to the number of users or projects that you can manage with SlickPie, or even businesses. Connect all your bank and credit card accounts to generate reports, and track receivables with the aging report. Unlike Wave, SlickPie lets you track bills payable but manually. This works similar to ZipBooks where you can send and mark bills manually. You can accept payments online although for free bank fee.
SlickPie is available on Android and iOS platform and is available for free but limited to 10 company accounts. Upgrade to Pro plan at $19.95/month to add up to 50 clients.
Pros:
- Easy to use
- Connect bank accounts
- No limits on projects, accounts, invoices
- Tracks bills payable manually
- Cross-platform
Cons:
- No cash flow statements
Get SlickPie(Freemium, Begins $19.95/month)
Bookkeeping Software Free For Mac Software
5. GnuCash
Worried about sharing your financial details and bank statements with others? This is why a lot of people still use excel sheets and other offline tools. You could consider using GnuCash which is an open-source bookkeeping and accounting app for small businesses. Your data belongs to you.
GnuCash comes with the ability to create and run reports but if you are a coder or a developer, you can create your reports by altering the source code. The community is large and active so you will find help in the forums too. The only app in the list that is capable of running cash flow statements. On the downside, you cannot add more than 1 user which is limiting.
You can create invoices, assign clients, and track receivables easily. With cash flow in mind, GnuCash will let you manage accounts payable, run aging reports and deduct payments to reflect cash on hand/accounts. With security in mind, GnuCash won’t let you connect your banks accounts, however, you can upload statements in the number of formats like QIF and OFX among others manually.
There is no iOS support, only Android, but GnuCash also works on Linux machines apart from Windows and Mac.
Pros:
- Free and open source
- Works offline
- Generate cash flow statements
Cons:
- No way to add bank accounts
- Limited to one user only
GnuCash (Free)
6. GoDaddy Bookkeeping
A lot of freelancers and online shops owners are working with eCommerce platforms like Amazon, Etsy, and eBay. This is where GoDadday Bookkeeping comes for small businesses comes into the picture. Apart from domain and web hosting solutions, these guys also provide bookkeeping services.
GoDaddy will connect with popular eCommerce merchants and pull in data to create necessary reports. You can create, mark invoices and also calculate quarterly taxes on the move. GoDaddy Bookkeeping is more suitable if you are operating in the US though.
There is no way to manage multiple projects or add multiple users. More suited for freelancers and solopreneurs working with the supported list of eCommerce platforms. A niche product, if you will. You can not only track billable hours but also mileage.
GoDaddy Bookkeeping for small businesses is available online and for Android and iOS devices. Starter plan at $4.99 is the cheapest. For $9.99, you can also calculate taxes and add bank accounts, and for $14.99 you can create recurring invoices. GoDaddy Bookkeeping offers one of the cheapest solutions.
Pros:
- Connects with eCommerce platforms
- Cross-platform compatibility
- Connect bank accounts
- Calculate taxes
Cons:
- Can’t add more than one project
Download GoDaddy Bookkeeping (Starts $4.99/month)
7. Quickbooks
No list of accounting and bookkeeping apps and software can be complete without Quickbooks which is owned by Intuit. One of the most popular and feature-rich bookkeeping solution that is scalable and suitable for both startups and large enterprises.
Usual features like connecting bank accounts, collecting payments, creating and tracking invoices and managing reports are all there. The first plan is Self-Employed targeted at freelancers and solopreneurs. You can’t pay bills or manage payrolls but accept payments and connect bank accounts. Costs $17/month.
Simple Start is for small businesses with no team or user access needs but need advanced financial reporting (20 types) and handles payroll processing. Still no support for accounts payable and limited bank and credit card accounts. Costs $20/month.
Essential Plan is where you can add users and share data and reports with others, manage payroll, and also accounts payable. It can also print checks and there are 40 types of reports to generate. I am not even sure what they can be! Costs $35/month.
Finally, there is the Plus Plan that is suitable if you have multiple products and inventory to track, need more users on-board, and create forecasts. Costs $60/month.
Pros:
- Less-expensive
- Scalable
- Cross-platform
- Connect bank accounts
- Track inventory, payables
Cons:
- None
Download Quickbooks ( begins $17)
Which is the best Accounting Software for Small Business?
There are many other solutions available in the market but they are either similar in nature to the ones reviewed above or aren’t bringing anything new to the table.
Best Business Software For Mac
If you need an open-source solution because privacy is on your mind, try GnuCash. Not feature rich but will get the job done.
If you need a free tool that lets you do pretty much all the basic tasks like accept payments and create reports, try Wave or ZipBooks. Both are free and work amazingly well.
If you need a scalable solution with support for inventory and assets, try Quickbooks.
For freelancers or a solopreneurs, Wave and Freshbooks are better options.
And finally, if you are working with eCommerce giants, GoDaddy Bookkeeping is ideal for you.
Accounting is an essential thing for any business out there. No matter if your business is a small or a large one, accounting is something that you need to get done with. However, most of the small business owners do not wish to invest in accounting software—instead, they look for free small business accounting software to get done with their accounting job.
In case if you are too looking for the best yet free small business accounting software, then let me help you with a couple of suggestions.
So here we go:
Free small business accounting software
- ZipBooks
- Gnucash
- Wave Financial
- SlickPie
- CloudBooks
- Akaunting
- NCH Express Accounts
- Brightbook
- Zoho Invoice
- ProfitBooks
1. ZipBooks
ZipBooks is one of the best yet free online accounting software that you can use. With the help of ZipBooks, you will be able to send invoices, tracks time and expenses. Also, it gets integrated with your bank account, so you process credit cards.
Also, the tool is pretty simple to use and comes with powerful functionalities. Also, you will get access to tools and intelligence that will help you to take your business to the next level.
Talking about the features, with this one, you can send professional invoices in seconds. Also, it allows you to receive payments via all the major cards and other payment gateways.
Also, it has automated payment reminders. Even, you will also allow your customers to leave their reviews and helps you with smart insights.
Talking about the pricing, it comes with 4 different pricing plans. However, it offers you a free plan that gives you access to view basic reports and lets you connect 1 bank account and offers you a few other features.
2. Gnucash
Gnucash is also the best yet free small business accounting software that comes with lots of amazing features. The software is designed to be easy to use while being powerful and flexible. It also allows you to track your bank accounts, stocks, income, and expenses. Also, the software is based on professional accounting principles to ensure balanced books and accurate reports.
As far as the features are concerned, with this one, you will get double entry accounting, Stock/Bond/Mutual Fund Accounts, Small-Business Accounting, Scheduled Transactions, Financial Calculations, and so on.
Moreover, the software is available for you to download on your Windows, Mac, and Linux computers. As well as there is an Android app available too. You can download the software free of cost too. As it is an open source software falls under the GNU GPL license.
3. Wave Financial
Wave Financial is an award winning financial software designed for entrepreneurs. With this one, you will get to features like free invoicing and accounting software with credit card processing and payroll services.
Also, with this one, you will be able to connect your bank accounts, sync your expenses, and balance your books. Moreover, it also helps you with free invoicing. Invoicing software is pretty easy to use. Also, you can customize it as per your needs.
What’s more? This service is absolutely free to use, and there is no premium plans available as of now. Just go to the official website and signup for an account, and you are good to go.
4. SlickPie
SlickPie is another free small business accounting software that you can have a look at. The software is designed to back the modern small business needs by offering all the essential features.
Also, the good part is that it comes with tons of amazing features. For example, with this software, you will be able to process payments from PayPal, Stripe, and Credit cards. Also, it supports multi currency.
You can also use the software to track your expenses, manage bills, track sales tax, see financial performance reports, set up recurring invoices, and so on. In short, it has all the features that you expect an accounting software to have.
Moreover, this accounting software has two different pricing plans. The first one is Starter and it is free to use. And the Pro plan costs you $39.95/month. Both of the plans have similar features. However, with the free plan, you can only manage 10 companies.
5. CloudBooks
CloudBooks is also one of the best online, free small business accounting software you can check out. Also, the good part about this software is that you can use it for both product and service based businesses. Also, it supports a wide range of accounting software tasks.
You can use the software to accept online payments, customize your invoices online, and comes with a bunch of invoice templates.
Moreover, you can also use the software to track your experiences. Also, it offers you a time tracking feature. So you can send estimates and drive the best business prospects. You can also manage payments and helps you with smart reporting.
However, the software is not completely free. Instead, it comes with a 30 days trial. After the trail, you can switch to a $10 or $20 month plan.
6. Akaunting
Akaunting is an online open source yet free accounting software for small businesses. You can use this software for managing your money, get invoices paid, track expenses, and so on.
The software also comes with an easy to use interface. Plus, it has a mobile and tablet ready interface. So you can access the accounting software from any platform. As well as you will be getting lifetime free updates.
The software can also be used for multiple companies and helps you with powerful reporting. You can also accept online payments, and it supports multi currency. As well as there are a bunch of other features too.
7. NCH Express Accounts
You can also have a look at the NCH Express Accounts. This one is a desktop based free small business accounting software with a professional approach. It is a great option for small businesses that helps you to track your incoming and outgoing cash flow. It can track sales, receipts, payments, and purchases.
Also, you will be able to view balances and reports to see how your business is doing. You can also easily generate over 20 essential financial reports at any time.
However, compared to other accounting software, it has some missing features. Like you cannot accept payments, connect bank accounts. But still this one is a worth software to try out.
8. Brightbook
Brightbook is also one of the best online accounting software, and you can download it for free. Even, it is one of the most loved free accounting software used by creative professionals and companies. It is a web based software which comes with lots of amazing features.
With this one, you can access your reports from anywhere and any device. It also allows you to create and send an unlimited number of invoices. Also, you can export your data.
You can also import your bank statements, view insights, view profit and loss, and tax reports. Also, it supports multi currency and multi users.
9. Zoho Invoice
If you are looking for something that helps you with invoicing, then Zoho Invoices is the best option available for you. With this one, you will be able to create professional invoices, automatically send payment reminders, and get paid faster online.
Also, you will get some other features like payments, estimates, time tracking, expenses. And it comes with a web and mobile app.
However, there is no accounting software that you will be getting with this one. But you can get started for free. The free version lets you invoice up to 5 customers and lets you create 5 automated workflows.
Bookkeeping Software Free For Mac 2020
10. ProfitBooks
Bookkeeping software, free download For Mac
In the end, I have the ProfitBooks. This is also the best yet free small business accounting software. Also, the software is extremely easy to use. And you will easily be able to create beautiful invoices, track expenses, manage inventory. Also, the best part, you do need accounting knowledge to get done with all of these.
Moreover, you can also share the transaction data with your accountant for further taxations. Plus, you will be able to receive online payments using a payment gateway, Record advance payments, Track accounts receivables with sales reports, and so on.