5 Top Best free Accounting Software Apps for 2022

Best Free Accounting Software. 1. Wave; 2. ZipBooks; 3. Sunrise; 4. Odoo; 5. Fiverr Workspace; see all ditels

Accounting software doesn’t have to cost your business a fortune. In fact, there are plenty of great accounting software options available on the market for free. With free software, you can balance your books and keep an eye on your finances without spending a penny.

What’s the catch? Unfortunately, not all free accounting software is created equal. Limitations, any advanced features, and a hard-to-navigate interface are just some of the issues that plague free software. The good news is that we’ve scoured through the options to find the best free accounting software. We’ve looked at features, usability, user reviews, and more to help you find an accounting solution that works for your business. Continue reading to check out our top picks!

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The 5 Best Free Accounting Software

Free accounting software can be an affordable solution for small businesses. The best free accounting software options offer an enticing $0 price tag but should still be reliable, secure, and feature-rich. Our top choices include Wave, ZipBooks, Odoo, Sunrise, Zoho Books, and Fiverr Workspace.

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1. Sunrise: Best Free Bookkeeping Software

Best for small businesses that want simple bookkeeping software that’s easy to use.

•    Pros

Supports unlimited users
Good customer service
Easy to use

•    Cons

Limited integrations
Lacks advanced features

Sunrise by Lenddo (formerly Billy) is a great free option for businesses that want simple bookkeeping software without the bells and whistles (and high price tags!) Of full accounting software. With Sunrise, you can be up and running in just minutes, performing tasks such as sending invoices to clients, managing expenses, and accepting online payments.

One unique feature of Sunrise is that you may qualify for additional funding opportunities through Lenddo just by maintaining your books. And if your books become too time-consuming to manage? You can upgrade to Sunrise’s paid professional bookkeeping service, which offers extremely competitive pricing. Throw in support for unlimited users, good customer service, and positive online reviews, and it’s easy to see why Sunrise makes our cut.

2. Wave: Overall Best Free Accounting Software

Best overall software for small businesses that want a forever-free plan with loads of great features.

• Pros

Strong security features
Easy to use
Excellent feature set
No limitations on features

• Cons

Poor customer support
Limited integrations
It doesn’t support multiple users

Wave is the free accounting software choice of over 3.5 million users. It stands out from the competition for its forever-free plan, which doesn’t have the limitations of other free programs. Additionally, this cloud-based software is easy to use and has a robust feature set that’s on par with many paid software options.

When using Wave, you’ll have access to customizable invoices and estimates, expense tracking, and bank reconciliation. You’ll also have access to journal entries, inventory lists, and a customizable chart of accounts. Despite a few shortcomings, Wave has received overall positive reviews from its users. free accounting software

3. ZipBooks: Best Free Accounting Software For Beginners

Best for small business owners and freelancers looking for a simple accounting solution.

• Pros

Cloud-based software
Strong security features
Easy to use
Good customer support

• Cons

Limited integrations
Some features limited on the free plan

ZipBooks is free accounting software designed by small business owners for other business owners, freelancers, and entrepreneurs. Automation is where ZipBooks truly stands out, combining a color-coded design with a strong feature set to simplify the accounting process.

With a free account from ZipBooks, you’ll be able to send invoices to customers, manage your contacts, and access business health scores. If you need additional features, ZipBooks offers several monthly membership plans. ZipBooks also stands out for excellent customer service and robust security features and has an excellent reputation among its users.

4. Odoo: Best Scalable Free Accounting Software

Best for businesses of any size that want a customizable, scalable accounting solution.

• Pros

Open-source software
Customizable
Scalable
Easy to use

• Cons

Poor customer support
It can be expensive to scale

Odoo is different from the other software on the list because it isn’t accounting software. Instead, it’s enterprise resource planning (ERP) software. While we could get technical about ERP, we’ll keep it simple: Odoo offers over 40 business applications, including Odoo Accounting. You can stick with just Odoo Accounting, or you can combine several different small business apps. One of the best things about Odoo is that the software is completely customizable to fit your business’s needs now and scalable to meet your needs in the future, too.

For this review, though, we’re focusing solely on Odoo Accounting. Odoo comes with features you’d expect from small business accounting software, such as a chart of accounts, invoicing, expense tracking, accounts payable, and basic inventory. Additionally, the software is easy to use, and you can choose from web-hosted and on-premise installations, although this may affect your total monthly cost.

5. Fiverr Workspace: Best Free Accounting Software For Freelancers

Best for freelancers and independent contractors that want an easy way to invoice customers and track expenses.

• Pros

Easy to use
Exceptional customer service
Strong mobile apps
Cloud-based software

• Cons

Free plan limited to a single client
Limited integrations

Fiverr Workspace (formerly known as AND CO) was designed with the freelancer in mind. It isn’t full-fledged accounting software, but it offers plenty of basic tools that are beneficial to freelancers, microbusinesses, and independent contractors. Fiverr Workspace makes it easy to perform basic tasks, such as tracking expenses, managing contacts, sending invoices, and tracking time.

Fiverr Workspace offers a free plan, but unfortunately, limitations on this plan only allow you to bill a single client. If you need to invoice additional clients, you can upgrade to a paid subscription. If you aren’t a freelancer and instead operate a small business, you may need more tools than Fiverr Workspace offers. However, this management software offers several great features with an easy-to-use interface that simplifies freelancers’ accounting and bookkeeping tasks.