16 Best Free Accounting Software

Here are 16 best free accounting software. These let you maintain your books of accounts, personal finances and keep a track of your income and expenses. All these accounting software are completely free and can be downloaded to Windows PC. These free software offer various features, like: maintain your books of accounts, keep an eye on your income and expenses, record financial transactions, make balance sheet, bank reconciliation statement, purchase account , trial balance, profit and loss account, based upon double entry accounting system, manage your financial transactions easily as on a yearly or monthly basis, import data from various accounting software etc.  So, go through this list of free accounting software and see which ones you like the most.

Also check out best free inventory management software and best free payroll management software.

Lazy8 Ledger

Lazy8Ledger is a free accounting application. With the help of this freeware you can keep an eye on the accounts of various companies. Its main feature is bookkeeping for multiple companies. It analyzes the structure of your business. Lazy8Ledger displays the data of the business graphically. It also provides various reports about your business activity.

BS1 Accounting

BS1 Accounting is a free software for accounting. With the help of this freeware small trade owners handle their finance and accounts such as sales analysis, inventory, general ledger, accounts receivable and payable etc. This freeware works with all the types of currencies for the purpose of export and import. It lets you keep an eye on the account receivables and payables for exchange rate fluctuations, loss, profit and currency.

GnuCash

GNUCash is a free accounting application for your computer. With the help of this freeware you can keep an eye on your expenses, income, stocks and bank accounts. It is based upon double entry accounting system. GNUCash makes financial reports and balance sheet of your business firm. This freeware is useful for small business owners. You can also use this freeware for your personal use.

PostBooks

PostBooks is a free CRM, ERP and accounting software. It is very useful for small business owners. You can make balance sheet, keep track of inventory, make purchase order, create various reports by using this freeware. There are various modules in this software. These module are report writer, manufacturing, inventory and distribution, product definition, purchasing, CRM, Sales and accounting.

Grisbi

Grisbi is a free software for accounting. It lets you handle various accounts and currencies. With the help of this freeware you can keep a track of all of your accounts, expenses and income. It lets you give information about financial years, budgetary lines and other third party information which is useful for you. Grisbi provides all the reports about revenue, expenses and income. 

TurboCASH

TurboCash is a free accounting application. With the help of this freeware small, medium and large size business owners manage their whole account books. TurboCash lets you maintain various accounts books such as income statements, balance sheet, trial balance, bank reconciliation statement, invoicing, vat accounting, stock control, general ledger, creditors and debtors etc. 

osFinancials

osFinancials is a free software for financial accounting. With the help of this freeware you can easily manage finance and accounts of your company. osFinancials also creates various types of financial reports for you. It provides the exact status of the financial position of your company. If you are looking for a free and easy to use financial accounting software then you will find this freeware very useful. 

Gnuaccounting

GnuAccounting is a free software for accounting. With the help of this freeware you can make accounts books, credit memos and invoices. This freeware lets you do the bookkeeping in a better way. GnuAccounting gives you the option to export and import data to various other financial accounting software such as ktimetracker, taskocoash, starmoney, moneyplex and Winston etc. 

Accounts & Budget

Accounts & Budget is a free software for financial accounting. With the help of this freeware you can maintain your book of accounts and budget. This freeware can maintain your income, expenses, and bank accounts. Accounts & Budget also make various financial reports, balance sheet, profit and loss account etc.  

HomeBank

HomeBank is a free accounting application. It lets you maintain your accounts and personal finances. With the help of this freeware you can analyze your account books and create various financial reports. HomeBank lets you easily modify the financial year and filters your financial transactions. HomeBank provides a graphical representation of your accounts. This freeware also gives you detailed information about your investments, loans and advances. 

Personal Finance

Personal Finance is a free accounting software for your computer. With the help of this freeware you can keep a eye on your expenses, income, accounts etc. This freeware also lets you manage your advances, loans and investnemts. Personal Finance keeps proper record of all of your transactions safely. It will also generate various types of financial reports.

FreeDebks

FreeDebks is a free accounting software for your computer. It is based upon double entry accounting system. With the help of this freeware you can manage double entry accounts on computers and record financial data in a systematic manner. It is a lightweight and simple application. This freeware is very useful for small and large business firms. 

JMoney

JMoney is a free accounting software for your computer. This freeware will manage your finance and accounts. With the help of this software you can keep a eye on your expenses and income. It also lets you import data from various accounting software. It also creates financial reports for you.

Account Manager

Account Manager is a free accounting software for your computer. With the help of this freeware you can keep a eye on your income and expenses. It lets you manage that money which you deposit into your bank account and various other expenses in the current financial year. This freeware lets you manage your financial transactions easily as on a yearly or monthly basis. 

CS Ledger

CS Ledger is a free accounting software for your computer. With the help of this freeware you can maintain your books of accounts, keep an eye on your income and expenses, record financial transactions etc. This freeware also lets you make balance sheet, bank reconciliation statement, purchase account , trial balance, profit and loss account etc. 

Simple Accountz

Simple Accountz is a free accounting software for your computer. It is based upon double entry accounting system. In double entry accounting system, every transaction has two aspects. One aspect is “Debit” and the other aspect is “Credit”. To complete an transaction, the total of debit must be equal to total of credit. With the help of this freeware you can make trial balance, balance sheet, bank reconciliation statement etc.