The Best Free Accounting Software: Our Top Picks

We’ve done the homework for you and compiled a list of our favorite free accounting software in 2020. If you’re interested in how we choose our picks, you can find out more about our review methodology by clicking on the link below. There is also a section where you can directly compare features between all of the software on our list. First, let’s take a brief look at the key features and perks of each one.

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1. Wave

  • Great range of free feature
  • Easy to install and use
  • Unlimited bank and user accounts

Wave accounting software is one of the world’s largest online accounting services with more than 2 million users. It offers free accounting, invoicing, and receipts, but you have to pay for payroll and personalized technical support.

read full review

Bank accounts and credit cards:

Unlimited

Users and invoices:

Unlimited

Software integration:

Zapier, Paypal, Etsy, Shoeboxed

Mobile app:

iOS, Android

Customer support options:

Email, help center

  • Great range of free feature
  • Easy to install and use
  • Unlimited bank and user accounts

Wave accounting software is one of the world’s largest online accounting services with more than 2 million users. It offers free accounting, invoicing, and receipts, but you have to pay for payroll and personalized technical support. Read full review

VISIT WEBSITE
Bank accounts and credit cards:

Unlimited

Users and invoices:

Unlimited

Software integration:

Zapier, Paypal, Etsy, Shoeboxed

Mobile app:

iOS, Android

Customer support options:

Email, help center

  • Great range of free feature
  • Easy to install and use
  • Unlimited bank and user accounts

2. GnuCash

  • Fantastic accounts payable functionality
  • Very customizable if you know some programming
  • Great and helpful community

Gnucash is a fully featured double-entry personal and small business bookkeeping app with robust accounts payable and accounts receivable features and excellent reporting functionalities. It’s let down slightly by its archaic user interface and lack of credit card or bank accounting syncing options.

read full review

Bank Accounts and Credit Cards:

N/A

Users and Invoices:

1 user, unlimited invoices

Software Integration:

Zapier, Paypal, Etsy, Shoeboxed

Mobile App:

iOS, Android

Customer support options:

Email, help center

  • Fantastic accounts payable functionality
  • Very customizable if you know some programming
  • Great and helpful community

Gnucash is a fully featured double-entry personal and small business bookkeeping app with robust accounts payable and accounts receivable features and excellent reporting functionalities. It’s let down slightly by its archaic user interface and lack of credit card or bank accounting syncing options. Read full review

VISIT WEBSITE
Bank Accounts and Credit Cards:

N/A

Users and Invoices:

1 user, unlimited invoices

Software Integration:

Zapier, Paypal, Etsy, Shoeboxed

Mobile App:

iOS, Android

Customer support options:

Email, help center

  • Fantastic accounts payable functionality
  • Very customizable if you know some programming
  • Great and helpful community

3. SlickPie

  • Excellent UI
  • Unlimited bank and user accounts
  • Handy automation features

SlickPie is free accounting software small business owners trust. It features everything you might need, with excellent accounts receivable and good reporting features, unlimited bank and user accounts, as well as a great user interface and Paypal/Stripe integrations for streamlined payments. Its main downsides are its lack of cash flow statements and the manual-only tracking of accounts payable.

read full review

Bank accounts and credit cards:

Unlimited

Users and invoices:

Unlimited

Software integration:

Paypal, Stripe, Dropbox

Mobile app:

Software is mobile-optimized

Customer support options:

Email, help center, phone (only with the paid plan)

  • Excellent UI
  • Unlimited bank and user accounts
  • Handy automation features

SlickPie is free accounting software small business owners trust. It features everything you might need, with excellent accounts receivable and good reporting features, unlimited bank and user accounts, as well as a great user interface and Paypal/Stripe integrations for streamlined payments. Its main downsides are its lack of cash flow statements and the manual-only tracking of accounts payable. Read full review

VISIT WEBSITE
Bank accounts and credit cards:

Unlimited

Users and invoices:

Unlimited

Software integration:

Paypal, Stripe, Dropbox

Mobile app:

Software is mobile-optimized

Customer support options:

Email, help center, phone (only with the paid plan)

  • Excellent UI
  • Unlimited bank and user accounts
  • Handy automation features

4. ZipBooks

  • Great features in the free plan
  • Excellent customer support
  • Slick, snappy interface

ZipBooks is more than just very good free invoice software - it also provides excellent accounting features, such as tracking accounts receivable and reporting on key financial statements. It’s also a well-designed and snappy program that feels good to use. Its main disadvantage compared to SlickPie is that bank and user accounts are limited to one in the free version.

read full review

Bank accounts and credit cards:

1

Users and invoices:

1 user, unlimited invoices

Software integration:

Square, PayPal, Stripe, WePay, Slack

Mobile app:

iOS

Customer support options:

Email, chat, help center, phone (only with the paid plan)

  • Great features in the free plan
  • Excellent customer support
  • Slick, snappy interface

ZipBooks is more than just very good free invoice software - it also provides excellent accounting features, such as tracking accounts receivable and reporting on key financial statements. It’s also a well-designed and snappy program that feels good to use. Its main disadvantage compared to SlickPie is that bank and user accounts are limited to one in the free version. Read full review

VISIT WEBSITE
Bank accounts and credit cards:

1

Users and invoices:

1 user, unlimited invoices

Software integration:

Square, PayPal, Stripe, WePay, Slack

Mobile app:

iOS

Customer support options:

Email, chat, help center, phone (only with the paid plan)

  • Great features in the free plan
  • Excellent customer support
  • Slick, snappy interface

5. Akaunting

  • Unlimited users and invoices
  • Fantastic selection of custom-made apps
  • Great UI that works well on all platforms

Akaunting is free personal accounting software that is also well suited to small businesses and freelancers. It provides basic accounting features for keeping track of your income and expenses, but is missing double-entry accounting functionality and the ability to automatically connect bank and credit card accounts.

read full review

Bank accounts and credit cards:

Not supported without paid add-on

Users and invoices:

Unlimited

Software integration:

PayPal, Stripe, own custom apps

Mobile app:

Software is mobile-optimized

Customer support options:

User manual, forums

  • Unlimited users and invoices
  • Fantastic selection of custom-made apps
  • Great UI that works well on all platforms

Akaunting is free personal accounting software that is also well suited to small businesses and freelancers. It provides basic accounting features for keeping track of your income and expenses, but is missing double-entry accounting functionality and the ability to automatically connect bank and credit card accounts. Read full review

VISIT WEBSITE
Bank accounts and credit cards:

Not supported without paid add-on

Users and invoices:

Unlimited

Software integration:

PayPal, Stripe, own custom apps

Mobile app:

Software is mobile-optimized

Customer support options:

User manual, forums

  • Unlimited users and invoices
  • Fantastic selection of custom-made apps
  • Great UI that works well on all platforms

6. CloudBooks

  • Great set of free features
  • Cheap paid upgrade options
  • Free 30-day trial with no credit card needed

CloudBooks is an online accounting program with both free and paid options. The free version features unlimited staff logins and bank/credit card account support, but is limited to one client and five invoices a month. Paid plans start from as little as $10 per month. By paying, you’ll remove those limits, receive live chat and phone support, and get more payment processing options. 

read full review

Bank accounts and credit cards:

Unlimited

Users and invoices:

1 client, 5 invoices in the free version

Software integration:

PayPal, Stripe, 2Checkout, FreshBooks, Basecamp, SendGrid

Mobile app:

Software is mobile-optimized

Customer support options:

Email, FAQ, live chat and phone (only with paid plans)

  • Great set of free features
  • Cheap paid upgrade options
  • Free 30-day trial with no credit card needed

CloudBooks is an online accounting program with both free and paid options. The free version features unlimited staff logins and bank/credit card account support, but is limited to one client and five invoices a month. Paid plans start from as little as $10 per month. By paying, you’ll remove those limits, receive live chat and phone support, and get more payment processing options.  Read full review

VISIT WEBSITE
Bank accounts and credit cards:

Unlimited

Users and invoices:

1 client, 5 invoices in the free version

Software integration:

PayPal, Stripe, 2Checkout, FreshBooks, Basecamp, SendGrid

Mobile app:

Software is mobile-optimized

Customer support options:

Email, FAQ, live chat and phone (only with paid plans)

  • Great set of free features
  • Cheap paid upgrade options
  • Free 30-day trial with no credit card needed

Our Methodology

Accounting is by its very nature a field concerned with finding ways to improve your finance management and save money. One of the best ways to do that is to reduce operational costs. Using free bookkeeping software for small business is one of the easiest ways to reduce the number of Benjamins unwillingly departing the safety and comfort of your pocket.

Traditionally, “free” software used to be a synonym for unoptimized, feature-poor solutions that were mostly used as a last resort, no matter what the industry. This all changed in the late 1990s with the advent of Linux and open-source projects. Having software tested and improved on a daily basis by hundreds of thousands of programmers and enthusiasts instead of 15 or so staff meant that bugs could be squashed earlier, new features rolled out more regularly, and feedback responded to in record time.

Some of the best free bookkeeping software on our list is open-source, but even those that aren’t are well worth your time. Whether you’re looking for free accounting software like QuickBooks , free accounting software for nonprofits, or even free church accounting software, the picks on our list have you covered. Before digging deeper into our individual reviews, let’s take a look at how and why we picked these companies and which criteria we used.

Features

Finding fully featured free accounting software online is not an easy task. There are usually two types of offers: completely free software that relies on using third-party software for certain tasks or free versions of a software as starter editions with limited features. Tax and payroll support, inventory and order tracking, forecasting, and more-detailed reports are usually what’s missing when it comes to free versions of accounting software. This category looks at what functionalities are included in the software without needing to pay a dime. That includes essential accounting features, invoicing, and simple reports.

Ease of Use

It goes without saying that all good software should be well-optimized, quick, and easy to use. This is especially important for accounting software free or otherwise, as its main purpose is to make accounting less of a chore. In this category, we rate the software on everything that’s relevant to the user experience. This includes the ease of installing and using it, the user interface design, as well as the help and FAQ sections and how well they explain how to use the software.

Free Software Limitations

Some of the best things in life are free. However, lots of free things also come with a catch. Common limits imposed on free online accounting software include the number of bank and credit card accounts, users, or invoices that the free version of the software supports. In this category, we consider how limited the software’s free functionality is.

Software Integration

A lot of free software relies on third-party apps for advanced features such as payroll, inventory tracking, and forecasting. Furthermore, many companies are already used to industry-leading accounting software such as QuickBooks and Nero, or spreadsheets and email solutions by Google and Microsoft. This category measures how well each program integrates with third-party software and whether you have to pay extra to make use of external software for certain tasks.

Mobile Access

Mobile phones have been an integral part of our personal and professional lives for well over a decade now. Being able to do your accounting on the go is a highly requested feature, so the best free accounting software has started supporting mobile platforms. This category examines whether the software has mobile app support and, if so, how good the mobile accounting experience is.

Customer Support

Accounting software should be easy to use even for people without formal accountant training. Having said that, bugs and software or compatibility issues can and do happen. You might not know how a certain feature works, or perhaps you want to find out more about a certain software solution before committing to it. This is where customer support comes in.
Here we evaluate the available support options (phone, email, live chat, FAQ) as well as the overall quality of the software’s customer support platform.

List of the Best Free Accounting Software Providers

  • 1. Wave
  • 2. GnuCash
  • 3. SlickPie
  • 4. ZipBooks
  • 5. Akaunting
  • 6. CloudBooks

Free Accounting Software Reviews

Key Features
  • Accounting Features - Excellent
  • Usability - Very good
  • Software Integration - Fair
  • Mobile App - Fair
  • Customer Support - Fair
Additional Features
  • Unlimited bank and user accounts
  • Separate invoicing and receipts apps
  • Free financial statements

Wave is a company focused on providing free small business accounting software and financial services. It was founded in 2009 in Toronto, Canada, and today the company manages more than $244 billion in income and expense transactions, which includes $16 billion in annual invoicing.

Overview

Wave is fantastic web-based accounting software that’s free to download and use. What’s more, there are no “premium” upgrade options. However, as we’ll see, not every available feature is actually free.

Wave charges for accepting online payments and processing payroll. If you opt for the payroll option, you can do your taxes yourself or let the Wave app handle them for you. Unlike some other free bookkeeping programs, the fully automatic option is only available in select states and costs US$35 per month + $4 per employee. For the other states, or if you prefer to file your own taxes, the price is $20 per month + $4 per employee.

Without paying a dime, you get access to basic bookkeeping features, such as managing income and expenses, unlimited bank accounts, credit cards, users, and invoices. You can sync all your bank accounts and credit cards with Wave bookkeeping software, which speeds things up greatly when creating financial reports.

With Wave’s free business accounting software, you can create invoices, accept online payments from customers, and generate reports for accounts receivable. There are also automated options, such as invoice status (sent, viewed, paid) and payment reminders, as well as the option to set up recurring billing for regular customers. The charges for credit card transactions are 2.9% + 30 c per transaction, or 1% for ACH transactions.

When it comes to keeping track of your own payments, however, things get a bit less rosy. You cannot keep track of unpaid bills, but you can record payments you’ve made through checks or credit cards by manually entering them into Wave.

As befits the best free bookkeeping software on the market, Wave software also allows you to create key financial statements such as profit and loss statements and balance sheets.

The user interface is well thought-out and intuitive, while also looking very professional. It’s an easy to use program, and our only complaint here is the lack of a dedicated back button. Third-party software integration could also be a lot better, with native support for only PayPal, Etsy, Shoeboxed, and Zapier. Impressively, the latter allows integration with over 1,000 add-ons.

Unlike other free accounting software for home or business, most of which have one unified app, Wave has separate invoicing and receipts apps for iOS and Android, which both sync with your main Wave account seamlessly. However, people have complained about many bugs and expressed irritation at the lack of an all-in-one app, which is currently in the works.

When it comes to customer support, Wave has a comprehensive help center, but not much else to help you out. According to Wave reviews, support through email and the on-site form is slow, while phone support is only available for payroll and credit card processing, which means they are for paying customers only.

Final Thoughts

Wave is possibly the best free accounting software for small business in terms of the number of completely free features it offers. However, the poor customer support and mobile apps, as well as the lack of options for tracking accounts payable, hold it back from being a default recommendation for your accounting software of choice.

Key Features
  • Accounting Features - Excellent
  • Usability - Fair
  • Software Integration - Fair
  • Mobile App - Fair
  • Customer Support - Very Good
Additional Features
  • Excellent accounts payable functionality
  • Android app available
  • Great report features

GnuCash is a personal and small business accounting program that features a double-entry bookkeeping system. It was first released in 1998 as part of the GNU Project and was initially designed for Unix platforms, with the Windows version coming later.

Overview

GnuCash is open-source accounting software that’s truly free. There are no premium options or charges, but this program is also missing some of the more-advanced features present in other software. As with other open-source software, its development is mostly funded through donations.

GnuCash gives you access to the main accounting features you’d expect from any desktop bookkeeping software: tracking accounts payable and accounts receivable. When managing unpaid customer balances, you can create invoices and track due dates, run reports, and input customer payments. Compared to some other accounting software with free download options, such as Wave and SlickPie, GnuCash has a more robust accounts payable system. In addition to tracking your unpaid bills, you can also pay them directly from the app, which updates your balances automatically.

You can generate balance sheets, income, and cash flow statements using the existing editable templates, or you can create new templates from scratch.

However, unlike Wave, GnuCash is very limited when it comes to user and bank accounts. It only supports one user at a time and you cannot add bank or credit cards accounts directly.
You can import transactions manually from QIF, OFX, or HBCI files, but the process is manual, slow, and clunky.

Speaking of clunky, GnuCash won’t win any best free money management software awards when it comes to design and user-friendliness. Sporting a very retro and basic look while requiring familiarity with double-entry bookkeeping systems, it’s definitely not a user-friendly option for people without a background in accounting. Luckily, there is ample documentation available. Being an open-source accounting app, it’s customizable if you know a bit of programming, so it’s a very versatile tool for people who are well-versed in accounting and know some C.

When it comes to mobile apps, GnuCash is also bit a hit-and-miss. Currently, it only supports Android, and while you can import your data manually, there is no automatic syncing option between the app and the desktop software. Third-party software integration is also very limited, but you can import Intuit Quicken QIF files.

Free nonprofit accounting software often has less dedicated customer support than its paid counterparts. GnuCash reviews are generally favorable when it comes to customer support, but being an open-source app, things work a little differently than with most of its competitors. There is extensive documentation on the wiki and you can also get help through mailing lists. Your best bet for quick help, though, is finding someone on IRC chat.

Final Thoughts

GnuCash is great personal and small business software for all your accounting needs. It provides robust accounts payable and receivable systems, as well as excellent report features comparable with the best free small business accounting software around. The main downsides are the dated user interface, Android-only app, limited user accounts, and inability to link bank and credit card accounts.

Key Features
  • Accounting Features - Very good
  • Usability - Excellent
  • Software Integration - Fair
  • Mobile App - N/A
  • Customer Support - Very good
Additional Features
  • Incredibly easy-to-use and intuitive software
  • Automated invoicing option
  • Payment reminders

SlickPie is one of those stories of small business entrepreneurs creating a tool primarily to facilitate their own work and then realizing it could be very helpful for others as well.
Its humble beginnings can be traced to a small office in Vancouver, where the software was officially launched to the public on January 6th, 2017.

Overview

If you’re looking to upgrade from free accounting software in Excel but don’t feel confident using traditional accounting software such as GnuCash, Slickpie may be a great solution for you. When comparing SlickPie vs Wave, you’ll find that both offer similar features, but the former has both free and paid options. The main difference is that the paid Pro plan offers support for 50 instead of 10 companies and includes phone support in addition to email support and access to the help center. Both plans offer unlimited users and bank/credit card accounts, though, which is a great feature to have in accounting tools.

SlickPie’s accounts receivable functionality lets you create invoices and email them to customers, as well as managing payments and running aging reports to keep up with invoices that haven’t been paid yet. SlickPie’s free cloud accounting software supports online payments through PayPal and Stripe, as well as payment reminders and automated invoicing for repeat customers.

You can also create accounts payable reports and manually enter bills paid and the method used (credit card, check or cash). There are also detailed budget reports, profit and loss statements, and balance sheet statements. However, you cannot make cash flow statement reports.

One of the highlights of the software is its well-designed, intuitive, and mobile-friendly user interface. There are no apps, but SlickPie’s online accounting software is free to use from your phone, retaining the exact same functionalities as it has when accessed from a desktop.

If you’re on the free plan, email is your best customer support option. You’ll also get access to a detailed help center chock full of videos and articles, but you’ll only get phone support with the paid plan. SlickPie reviews are generally very positive, and despite its limitations, the support platform also has very positive feedback.

Final Thoughts

SlickPie is definitely one of the best free accounting software options on our list. With the ability to manage accounts payable and receivable for 10 different companies, have unlimited user and bank/credit card accounts, and create detailed budget reports, this platform could be ideal for your solopreneur and small business needs. The only reason to go for the paid plan is if you want phone support or need to manage more than 10 companies within the app – the latter being a highly unlikely scenario for small business owners. The main downsides to SlickPie are its inability to run cash flow statement reports and the fact that the accounts payable function is a manual and laborious process.

Key Features
  • Accounting Features - Very good
  • Usability - Excellent
  • Software Integration - Good
  • Mobile App - Fair
  • Customer Support - Excellent
Additional Features
  • Excellent integration with payment software
  • Profit, loss, and balance sheet reports available
  • Third-party software supported

ZipBooks is free bookkeeping software made by the company of the same name based in American Fork, Utah. The app has been around since 2015, with the first stable release coming in 2017.

Overview

ZipBooks is a little different than the apps we’ve reviewed so far, in that its free Starter plan is one of four available online accounts management options. There are also the $15/month Smarter plan, the $35/month Sophisticated plan, and – if money is truly no object – the all-inclusive $125/month ZipBooks Services plan. As this is an article about free accounting solutions, our review will focus on the Starter plan.

The Starter pack provides basic accounting features such as accounts receivable and payable processing and financial statement generation. The company’s small business accounting software has free unlimited invoicing, but only one user and bank/credit card account per account. Aside from access to unlimited bank and user accounts, time-tracking is another useful tool that you get access to only by upgrading to the Smarter plan.

When it comes to accounts receivable, you can accept online payments, send invoices to your customers, and run aging reports. The accounts payable tracking process is entirely manual, as is the case with SlickPie. You manually enter your paid bills and payment methods. When comparing Zipbooks vs Wave, Zipbooks still wins here, but GnuCash has a much better accounts payable system.

Besides being a handy free small business accounting software to download, ZipBooks is also similar to SlickPie in terms of its financial reporting options. Unless you pay for a dedicated accountant in one of the more expensive payment plans, there is no option for creating cash flow statements. All the other standard options – such as profit, loss, and balance sheet reports – are present, though.

The software also has a very well-designed user interface and feels snappy and responsive to use. Third-party software support includes Square, PayPal, Stripe, WePay, and Slack. There is an ancient and poorly supported Android app floating around, but you’d be well advised to stick to their iOS app or simply access the mobile-friendly online platform if you have an Android phone.

As with other bookkeeping software with free plans, there are some limitations when it comes to customer support. For all plans but the most expensive Services plan, the options are limited to email and in-software chat, as well as the robust help center. The Services plan adds dedicated phone support, and we’ve even found reports of the company’s staff making personal calls to users with particularly troublesome problems, which is a great touch.

Final thoughts

Overall, ZipBooks bookkeeping software is great for all your basic accounting needs. With excellent payments receivable and reporting options, as well as a brilliantly snappy interface, the app is a joy to use. Free account limitations (one user and one credit card/bank account) are a bit of a downer, as is the lack of cash flow reporting and proper Android support.

Key Features
  • Accounting Features - Fair
  • Usability - Excellent
  • Software integration - Good
  • Mobile App - None
  • Customer Support - Fair
Additional Features
  • Custom add-on store
  • Support for third-party add-ons
  • Profit and loss statements

Akaunting is open-source, cloud-based, free accounting software for Mac, PC, and mobile platforms. It was built with modularity and ease of use in mind and was first launched in 2017. It has since grown to a mid-sized platform that’s available in 38 languages, with over 100,000 downloads and 30,000 cloud users.

Overview

Akaunting offers cloud-based and download versions of its software, depending on whether you want to use the company’s free hosting services or host it on your own server. The software provides completely free single-entry accounting functions, although you can also opt for a paid double-entry module if you need it. Speaking of modules, the idea is that the base online and offline accounting software is free to download and has support for third-party add-ons. Some of these are free, while others – like the $69 double-entry add-on – come at a cost.

Akaunting’s accounts receivable offer lets you accept payments and issue invoices, but instead of aging reports, tracking unpaid invoices takes place through the dashboard. They can be sorted by their due date or payment status, or integrated with and processed through PayPal or Stripe. Accounts payable features are also supported, and you can enter bills with their due dates into the bills dashboard, then sort them in the same way as the accounts receivable bills.

As is the case with other free accounting software for small business owners, you can use Akaunting to create customizable income, expense and tax summaries. You can also generate profit and loss statements. All of the reports can be sorted into several categories, such as customer, vendor, and year. There is no support for cash flow statements or custom reports, but you can purchase the double-entry add-on for $69 a year in order to create a balance sheet.

The free version of these accounting tools features unlimited users and invoices, but you cannot connect your bank and credit card accounts. You instead need to purchase the OFX add-on for $19. This add-on will allow you to import open financial exchange files in order to put your credit card and bank account data into Akaunting.

Akaunting’s cloud accounting software is free to use on all platforms, but there are no dedicated apps for mobile devices. Instead, the interface automatically adjusts to your platform. The UI is very well designed and features a colorful dashboard, from which you can access all of your income and expenses. Instead of being on Apple’s and Google’s app stores, Akaunting has its own store, where you can download free add-ons or purchase paid ones.

When it comes to customer support, very little is available for free. You can consult the user manual and documentation or head to the forums to elicit some help there. If you purchase one of the app add-ons, you can also place support tickets to get help. Phone support is limited to paid tiers, starting at a one-off fee of $99. Compared to other accounting software for small business that’s also free, Akaunting is lacking in this department.

Final Thoughts

Overall, Akaunting is a good tool for online accounts management. It provides the basic features you’d expect from an accounting app, such as accounts receivable and payable, as well as excellent reporting options. You also get a very pleasant user interface that works well on all devices, as well as unlimited users and invoices, even in the free version. Finally, the program integrates with popular payment apps such as PayPal and Stripe, and it also offers a wealth of add-ons on its own app store. Nevertheless, Akaunting is missing many essential features, such as balance sheet and financial flow statement reports, as well as a double-entry accounting system.

Key Features
  • Accounting Features - Very good
  • Usability - Very good
  • Software Integration - Good but only in paid plans
  • Mobile App - None
  • Customer Support - Excellent
Additional Features
  • Handy tax-calculating and time-tracking features
  • Time-tracking tool
  • Tax calculator

CloudBooks is free accounting software made by the company of the same name, which was founded in St. Petersburg, Florida. The software was first launched in 2013 and has since gathered a customer base of more than two million small business owners, freelancers, and entrepreneurs.

Overview

CloudBooks is another program on our list to feature both free and paid options. In addition to the free plan that we’ll be focusing on, you can opt for the Team and Agency plans, at $10 and $20 respectively. There is a free 30-day trial available for all plans. The free accounting app has a limit of one client and five invoices (unlimited in the paid plans), but also features unlimited staff logins and bank/credit card account support. Other notable omissions that are present in the paid plans include phone support, live chat, and payroll processing through PayPal and 2Checkout.

The software provides standard accounts receivable functionality. You can set up and track recurring invoices, accept payments, and make accounts receivable aging reports. However, payroll processing through third-party apps is limited to one of the paid plans, which starts at $10. When it comes to accounts payable, you can record and monitor all your expenses, set up separate expense categories, and even attach pictures of your receipts to provide proof of your payments.

Good small business bookkeeping software needs to have a robust reporting system, and Cloudbooks doesn’t disappoint in this regard. It can generate accounting, client, invoice, and time-tracking reports. Speaking of time-tracking, this program’s very handy set of time-tracking tools is completely free to use as part of the project-management feature. Another useful tool is the tax calculator.

The user interface is simple yet effective, featuring a navigation pane on the left-hand side that you can use to access your dashboard, invoices, payments, and reports. There is no dedicated mobile app, but the software is optimized for mobile devices.

When it comes to customer support, the situation is similar to other free accounting programs on our list. The free plan gets you support via email only. By moving up to the Team and Agency paid plans, you also get access to live chat and phone support. People are generally very pleased with the quality of customer support, citing knowledgeable team members who are fairly quick to respond to customer queries.

Final Thoughts

CloudBooks is a great tool for freelancers and small businesses looking to do accounting on a budget. The free version is well-equipped with all the accounts and reporting functionalities you may need, as well as helpful timekeeping and tax-calculating software. Considering the low price of the paid plans, it’s possibly the best free accounting software for startups. Starting at only $10 per month, you can also get access to unlimited user accounts and invoices, which are otherwise the biggest limitation of the free version, which allows only one user and five invoices per month. The other downsides to the free version are the lack of phone and live chat support, as well as the integration with popular payroll apps.

FAQ

Is there any free accounting software?

Yes, of course. Some programs like GnuCash, SlickPie, and Wave offer only the one free plan, while others have free alternatives to their more feature-rich paid plans. Check out our reviews for more information.

What is the best free accounting software?

In our opinion, Wave is the best free accounting software to download in 2020. Of course, there are a lot of factors to consider, such as the size of your company, whether you need double-entry accounting, what sort of customer support you’re expecting, and what accounting features you need to have. Either way, you won’t go wrong with any of the options on our list; GnuCash, SlickPie, and ZipBooks all provide a fairly comparable service.

Is Wave accounting free?

Wave accounting software is completely free to use for all basic accounting features. However, accepting online payments and processing payroll are considered extra features that have to be enabled and paid for separately.

Does Google have accounting software?

No, but there are a lot of small business and personal accounting software for free on the Google App Store. If you’re looking for something lightweight and easy to integrate with Google Apps, check out Rhino Accounting.

Is there a free version of Quickbooks?

QuickBooks does not have a free version. It does, however, offer a 30-day free trial and various discounts throughout the year. With this discount, the Simple Start plan is only $7.50 a month, which isn’t free, but is more affordable than most other paid options on the market. Alternatively, you can take a look at our list of free accounting software and pick your favorite.

Which is the easiest accounting software?

SlickPie. A lot of the software on our list is very easy and intuitive to use, but our vote goes to SlickPie for its mix of a streamlined, well-organized interface and excellent automation features.

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