6 Best Free QuickBooks Alternative Software For Windows

Here is a list of best free QuickBooks alternative software for Windows. QuickBooks is popular online accounting software that helps you manage accounts of a business. However, it is also a paid online accounting service that everyone cannot afford. To resolve this problem, I have created a list of QuickBooks alternative software that helps you fulfill the accounting needs of a business just like the QuickBooks. Although, all of these alternatives are offline software unlike QuickBooks. Still, just like QuickBooks, you will be able to manage sales, invoices, and other accounting aspects of a business through these alternatives.

To manage accounting needs, these alternatives offer important sections namely such as Sales/Invoices, Accounts, Transactions, Reports, etc. Through Sales/Invoices section, you can track sales, create invoices for customers, and manage existing invoices. Through Accounts, you can create accounts, manage existing business accounts, specify initial balance, transfer money, track received payment, etc. With the help of Transaction section, you can view and manage all the business transactions. The Reports section allows you to generate many important financial performance reports like profit, loss, balance report, budget report, etc. Besides this, you can find many other features to manage other aspects of a business like payroll, employees, customers, etc. Go through the list to know more about these alternatives.

My Favorite QuickBooks Alternative Software For Windows:

BS1 Accounting is my favorite software because it offers similar set of features that you get in QuickBooks. Using it, you can perform all major tasks like sales tracking, invoice creation, accounts management, transactions, etc.

You can also check out lists of best free Open Source Google Docs Alternative, GarageBand Alternative, and Illustrator Alternative software for Windows.

BS1 Accounting

BS1 Accounting is a free QuickBooks alternative for Windows. It is good accounting software that caters to the needs of a small business. Using it, you cannot only manage accounts (AP, AR, and General Ledger) and financial data of a business but also manage Sales, and Inventory information. Unlike most other software, it also lets you manage accounts of multiple companies and their subsidiaries. Now, check out the main features of this QuickBooks alternative.

Main Features:

• AP (Accounts Payable): It helps you complete payments and control expenses by receiving payments. To do that, it offers options through which you can add new vendors, manage existing vendors, view outstanding invoices, create new invoices, manage payments done to vendors, and adjust vendor types (inventory or shipping).
• AR (Accounts Receivable): It helps you manage the balance of money that not yet paid by your customers. To do that, it offers various sections like Customers (to manage customers with due balance), Invoices (to create new and manage copies of invoices sent to customers), Payments (to manage all the payments received from customers), and Taxes (to add and manage tax codes and tax rates).
• GL (General Ledger): It helps you manage a record of all the transactions occurred in your company. It also offers various features such as Accounts (to manage all the accounts of a company), Journal Vouchers (it helps you record and manage all the accounting transactions), Budget (use it to specify the financial budget for your company), and Charts (it lets you generate income by period, income by year, account by year, etc., charts).
• Inventory: Use it to add, edit, and manage information about products, items, and warehouses, etc.
• Sales Analysis: To analyze the sales, it lets you generate financial charts and examine the history of sales.

Additional Features:

• Backup: Use it to create the backup of all the financial data and accounts of a company.
• Pack/Repair: Use it to repair tables of corrupted financial data.

Final Thoughts:

It is a great free QuickBooks alternative that offers a good environment to track and manage sales, invoices, transactions, and accounts.

Adminsoft Accounts Suit

Adminsoft Accounts Suit is another free QuickBooks alternative for Windows. Similar to QuickBooks, it can also be used to manage the accounting needs of a business such as Accounts (AP and AR), General Ledger, Invoices, Employees, Payroll, etc. To do that, it offers separate sections (tabs) on its interface which you can easily use. Now, let us check out the main features of this software.

Main Features:

• Accounts Receivable: In this section, you can add and manage customers, customers’ contacts, and other associated information. Besides this, it lets you create invoices, manage receivable amounts by customers, track all transactions, generate estimates, process sales commission, etc.
•  Accounts Payable: Use it to add and manage contacts and associated information of suppliers. Besides this, it lets you manage received invoices, received refunds, received proforma, aged invoices, transactions, etc.
• General Ledger: Using it, you can add and manage all the Transactions (recurring transactions, money received, money paid, etc.), Budgets, Accounts, Asset Register, Account Periods, etc. Plus, it lets you generate various reports such as trial balance report, audit trail report, account activity, assets register report, and more.
• Inventory: As its name suggests, it is used to manage details such as stock items, stock movements, estimated stock items, reserved items, stock take, stock list, sales discount, stock item search, and more. From this section, you can also create purchase orders, list purchase orders, and generate the purchase order report.
• HR/Payroll: This section allows you to manage the payoll of employees of a company. To do that, it offers features like Employee Planner, Employee Details, Payroll, and List Company Vehicles.

Additional Features:

• This software also offers many additional features through which you can adjust currencies, payment type, departments of company, view deleted transactions, and more.

Final Thoughts:

It is a feature-rich QuickBooks alternative that offers all the essential features to manage the accounting needs of a business.

Akaunting

Akaunting is another free open source QuickBooks alternative for Windows. According to its name, it is an accounting software through which you can manage personal finances and accounts of a business. However, unlike other similar software, it is a web-based software that needs web hosting software (XAMPP) and a web browser to work.

Here are its key features:

Main Features:

• Banking: Through this section, you can manage all business accounts, transactions (payment received, purchase payment), transfers (to manage money transfer between two accounts), and reconciliations. It also lets you export accounts information in XML format.
• Sales: From here, you can create invoices for customers, manage existing invoices, add & tack revenue information, and manage all your customer’s information.
• Reports: Using it, you can generate reports like Income, Expanse, Profit & Loss, etc.
• Dashboard: The dashboard of this software shows various important information at one place such as Account balance, Latest Income, Total Profit, Income By Category, and more.
• Apps Store: Similar to QuickBooks, it also comes with its own apps store from where you can import apps to introduce more accounting features to this software

Final Thoughts:

It is another very capable QuickBooks alternative that you can use to manage accounts of a business effectively.

HomeBank

HomeBank is a free open source QuickBooks alternative software for Windows, Debian, and macOS. Similar to QuickBooks, it is also an accounting software for small businesses. Through this software, you can manage multiple accounts, payees, budget, transactions, etc. Plus, at any time, you can generate reports about various financial aspects of a business. Now, check out the main features of this QuickBooks alternative.

Main Features:

• Accounts: Using this section, you can add new accounts and edit existing ones by adjusting the account type (bank, cash, asset, etc.), currency type, current balance opening balance, etc. It also lets you set the balance limits and current check number.
• Budget: Using it, you can set the income and expense budget. Plus, it also helps you track your monthly savings.
• Transactions: In it, you can add new and manage all the expenses, income, and money transfer transactions.
• Import & Export: Using these features, you can import and export financial data and accounts information in the form of QIF, QFX, CSV, etc., formats.
• Reports: It allows you to generate various types of financial data reports like Budget Report, Balance Report, Trend Time Report, etc.

Additional Features:

• Scheduler: Using it, you can schedule various types of transactions to later dates. From the scheduled section, you can track all the scheduled transactions.
• Anonymize: It is a handy feature that lets you hide all the personal information from the financial data.

Final Thoughts:

It is simple to use QuickBooks alternative that offers a good set of accounting and financial data management features.

GnuCash

GnuCash is another free open source QuickBooks alternative software for Windows, macOS, and Linux. Through this software, you can manage finances and accounts of small businesses. Although, you can also use it to manage your personal finances. Similar to QuickBooks, it lets you establish and manage business accounts, transactions, financial data retrieval, business assets, budget, income, expenses, taxation, and more. In it, you can also import new financial data in the form of QIF, QFX, CSV, etc., formats. Plus, all the new or existing financial data can be modified using this software without much hassle.

You can check out the main features of this QuickBooks alternative below.

Main Features:

• Accounts: Using it, you can create new accounts, import accounts, and edit existing accounts. On its interface, you can view all the accounts that you can easily open to view current balance, transfer amount, account description, etc. A handy check & repair feature to find and correct account redundancy and other errors.
• Transactions: It is another handy feature that offers various tools to manage transactions such as cut transactions, copy transactions, duplicate transactions, remove other splits, void transactions, add reversing transactions, and more.
• Actions: Using it, you can store and manage information about various accounting actions like assigning budgets, transactions, reconcile, online transactions, schedule transactions, etc.
• Business: It provides business accounting specific features through which you can add new customers, create invoices, process payments, add new vendors, enter and manage employee’s expenses, edit billing terms, and more.
• Reports: This section allows you to generate various types of financial reports such as Income & Expense, Transaction Report, Assets & Liabilities, Account Summary, and more.

Additional Feature:

• Price Database: Using it, add and manage values of different currencies with which you usually work like USD, INR, etc.
• Loan Payment Calculator: It helps you calculate your loan payment by using loan parameters like payment period, interest rate, present value, periodic payment value, future value, etc.

Final Thoughts:

It is a capable QuickBooks alternatives that with a useful set of accounting and finance management features.

Manager

Manager is the next free QuickBooks alternative software for Windows, macOS, and Linux. It is full-featured accounting software that offers a similar set of features that you get in the QuickBooks, Plus, it is quite straightforward to use. Now check out the main features of this software.

Main Features:

• Bank Accounts: From this section, you can create and manage multiple bank accounts of a business. Plus, you can edit account types and values at any time.
• Sales Invoices: Use it to quickly generate new invoices for customers for their purchases. It also lets you manage old invoices.
• Receipts & Payments: Use it to manage receipts and payments from various suppliers.
• Reports: Use it to generate all reports like profit, loss, balance sheet, trial balance, etc.
• Employees: Use it to add new employees and manage information of existing ones. It also helps you generate their payrolls.

Limitations:

• In this free version of the Manager, you cannot add multiple users. To remove this limitation, you need to purchase the premium cloud version of this software.

Final Thoughts:

It is yet another easy to use QuickBooks alternative that anyone can use with ease.