Best free accounting software

There are a few options in free software – the best free accounting software for your business will depend on your preferences and needs.

TurboCash

A free accounting tool, which you download to your computer, rather than accessing on the cloud.  It has all the usual standard functions – stock control, invoicing, debtors, creditors, general ledger, VAT accounting, balance sheet and income statements, as well as plenty of reports functions.

It also supports multiple users, and even multiple companies.  Plus, it’s one of the few free accounting tools that holds back on the ‘upgrade’ messages.

Turbocash doesn’t seem to have been made with those new to accounting in mind, so it can seem a little confusing, although it does provide a decent online manual.

NCH Express Invoice

Free only for businesses with less fewer than five employees, which it asks you to confirm every time you use the program.

Express Invoice does what it says on the tin. It’s an easy-to-use invoice package. You simply enter a customer’s name and the product details and it creates an invoice for you, which you can then print or email. 

gnuCash

Easy to use and has most, if not all of the features, a small business owner would need. Because you download it to your computer, rather than accessing the software online, cloud-based sceptics should give it a try.

gnuCash is suitable for use on both Windows and Apple based operating systems (as well as Linux and others). It comes with 40 ready-made financial reports, from a simple profit and loss report to reports on your cash flow, assets or liabilities.

Wave accounting

Free, cloud-based, accounting software which supports itself by placing advertisements within the software and emailing you special deals for other software.

There are some paid upgrades, like payroll for example, but it does offer unlimited invoicing.

Invoices can even include a Pay Now button so you can take credit card payments (for a small fee). It also automatically backs up all of your data.