If you have a small business or a large one, you always need online accounting software to help keep records of the flow of cash. With an online app, you can check your accounts from any location and need not be physically present in front of a particular system. This list mentions some of the best free accounting software but there are always certain limitations with free software. You can read about each one before deciding which application to choose.
List Of The Best Free Online Accounting Software of 2023
If you are looking for one of the best online accounting software without worrying about the cost, then it is TurboCASH which has two versions: Paid & Free. This application was developed in 1985 and since then has gained popularity around the world. It supports 23 languages and has built up an online community of many hundreds of thousands of users. TurboCASH can handle VAT, debtors and creditors, purchase orders, and even multiple companies and users. The paid version has a bit more features like Reporting, Budgeting, Payroll and can run from the cloud.
- Users can maintain records of multiple companies.
- Huge online community for support.
- Available in many languages.
2. VT Cash Book
Speaking of the best online accounting software with minimal fuss and a very simple interface, we have VT Cash Book. This app can help users to maintain cash transactions daily. There is a unique AutoComplete feature that can help speed up data entry and also prepare VAT returns. VT Cash Book can also create Profit and loss accounts, ledgers, and balance sheets for you.
- Support multiple bank accounts
- Prepares VAT returns data.
- Easy and convenient to use.
The next one on the list of free online accounting software is ZipBooks. This application is easy to use and has an intuitive interface. This application has many versions and the Starter version is available for free. The number of invoices and customers are unlimited which means you can easily use it for your business. However, certain advanced features like smart tagging and advanced reporting are only available with the paid version. Some of its features are:
- Unlimited Bookkeeping.
- Payments accepted from PayPal
- Modern interface
Another open-source best online accounting software is GnuCash which was developed in the 1990s. This app is most appropriate for small businesses and also for individual purposes. It can take care of invoices and credit notes as well as accounts payable and receivable. GnuCash can also handle multiple currencies, accounts, and cards. In addition to this, it also maintains payroll and employee expenses.
- Easy to use with modern design
- Available on Windows, Mac, Android, and Linux
- Supports multiple currencies across the globe
5. Money Manager Ex
If you were looking for an open-source free online accounting software, then look no further because Money Manager Ex can fulfill all your accounting needs for free. This application has a lot of features that are available in paid software only and is very easy to use and understand. It can be used to manage small business accounts and even your home finances. An exclusive feature of this accounting app is that it is a portable app which means it can be used directly from a USB Pen Drive or Flash Disk without having to install it.
- Android App available.
- Easy to use and understand
- Portable app
- Lots of features are usually found in paid apps.
Moving forward with the list of free online accounting software, the next one to consider is Wave. This app boasts of having two million users and offers free accounting services like preparing invoices and receipts. This app is most suited for smaller firms and individual traders. There is paid technical support available if you wish to avail yourself. The free version does not include Payroll and displays ads sometimes.
- One of the widely used applications.
- Intuitive design and easy to use
- Paid technical support.
7. NCH Express Invoice
Having reached halfway down the list, one of the best online accounting software is NCH Express Invoice. This application is free and fully functional if you have only five members in your workforce. For larger businesses, you need to purchase the premium version of this app. NCH Express Invoice can create invoices, orders, quotes and it is a web-based service that requires a stable internet connection.
- It is available for Windows, Mac, iOS, and Android.
- It provides different types of reports.
- Easy to use
8. Adminsoft Accounts
Moving towards the end of the best online accounting software list, we have Adminsoft Accounts that is free to use as it is supported by advertisements within its app interface. This application has tons of features like invoicing, stock control, budgeting, preparing purchase orders, and much more. It supports other currencies as well. The paid version omits ads and includes a Shop Manager module.
- Users can handle stock as well.
- A smaller HR module is also included.
- Ads can be removed by purchasing the paid version.
9. Invoice Expert Lite Edition
One of the free online accounting software that can support 100 customers/products is Invoice Expert Lite Edition. This free app supports inventory and customer management along with purchase orders and helps manage the inventory. It also supports providing quotes and invoices to the customers. It is easy to use and allows users to change the currency based on the Windows location factor.
- The free version can be used by sole traders and individuals.
- Facilitates a lot of features.
- Customer & Inventory Management.
The final one on the list of free online accounting software is QuickFile. This application was developed keeping in mind people who did not know much about accounting. Hence, that makes it easy to use by anyone wishing to maintain their accounts for free. Some of its features include automatic invoicing, purchase management, and supports of different currencies. This online cloud-based accounting app is also available in a paid version without ads and other features.
- Simple to use and understand
- Web-based app done on cloud computing.
- Supports multiple currencies
Your Choice On Best Free Online Accounting Software of 2023
That concludes our list of best free accounting software. Every app has a limited free version and offers different features. But making the choice is always your decision. A word of advice would be that if you are running a large business, then you must not opt for free accounting software. These applications are suitable for sole traders and very small businesses only.