Last week, I talked about how organizing your books is the one move of 2021 you should do to improve your business and boost your profits. So many of you asked me HOW? if you don’t have a budget for it. Don’t worry, I got you.
There are plenty of free cloud based or desktop software that can help small business owners manage their books effectively. Below, I’ve listed eight free options that offer necessary features such as invoicing, income recording, and expense tracking.
Explore these free options. They will help you realize whether you actually need to spend money on accounting software or if you can skip adding another monthly fee to your overhead costs. Let’s get into it:
Accounting Software
Key facts
1. Wave
-Connect unlimited bank and credit card accounts to your books.
-Add unlimited income tracking, expense tracking, and guest collaborators for free.
-Invoice and scan receipts for free
2. ZipBooks
-Billing, expense management, invoicing available
-Connect your PayPal and Stripe accounts for free. (Customers can pay invoices via paypal or stripe)
3. Akaunting
-Free to Invoice, sync accounts, track expenses, set up recurring bills,
-Manage customers and vendors.
-Relies on third-party integration for more capabilities
4. SlickPie
-Unlimited automated receipt entries,
-10 different companies on one account
-Rmail support
-Connect your PayPal and Stripe accounts for free. (Customers can pay invoices via paypal or stripe)
-Not ideal for income reporting needs
5. GnuCash
-Desktop accounting software so you need to download it
-Small business-specific features customer and vendor tracking, job costing, and invoicing.
6. CloudBooks
-Add unlimited users
-5 invoices per month for free
-Upgrade is $10 a month for most added capabilities
7. Zoho Invoice
-Great for invoicing workflows through an account
-Customize and brand invoice templates,
-Interact with customers through a client portal.
8. NCH Express Accounts
-Free desktop accounting software
-For businesses with fewer than five employees.
-Costs extra to access books
With any software, free or not, there are pros and cons with choosing one over another. For a more comprehensive look, read more on each before committing to any one.
Which of these bookkeeping software do you think is right for you? Or do you use a whole ‘nother different option? Hit reply and let me know!
To organized books,
Chika
