Accounting software for small business is one of the online accounting tools used by business owners for their daily activities. In case you want to manage a healthy business, using accounting software is the best option you can think of. Installing accounting software for small businesses help you to control all the financial activities in your business.
There is so much free accounting software for small business that can be installed free of charge. This accounting software is held in a
cloud and can be accessed online anywhere you are. Every small business owner tries to keep a close watch on the income and expenses of the company at all times. To achieve this, it is important to install free accounting software.
Among the numerous free accounting software for small businesses, the paid versions are always better and have features that differ to an extent from the other version which is the free accounting software for small business. If you want to get the best, it is better to go for the paid version of the accounting software for small businesses.
Factors To Consider When Choosing An Accounting Software For Small Business
It is always a difficult task to choose accounting software for small business. This is because there are different features for each package like the number of users, multiple pricing plans and other factors. The following are the three main factors that should be considered before deciding on the type of accounting software to choose.
Available Features
Check if the features available on the software is what you want. Can the software generate periodic reports you want? Will it help you in your cost control? Will the accounting software for your small business control your inventory? Can it manage your payroll?
Cost Of Acquisition
Every small business aims to maximise profit. Business owners and managers should consider the accounting software that will give them an optimal value for their money.
The Capabilities
Consider what the software can offer you. How many people can log in and use the accounting software for small business at a time? Find out if it is a cloud base software (where you can access from any location once you are connected) that the business needs or desktop software.
List Of Free Accounting Software
- Akaunting
- CloudBooks
- GnuCash
- NCH Express Accounts
Akaunting
This is one of the free accounting software for small business. This type of software offers most of the relevant features that accounting software for small business should have. This software enables you to set up account heads for recurring bills, manage vendors, trace expenses, sync accounts and issue invoices to customers. To access the advanced features of Akaunting software, you have to download a third-party application that will require you to pay a yearly subscription.
Although Akaunting software is not expensive to create and install, when you go through the software by using it, you will find out that most of the features are not activated to work. Those features only work if the third party application is paid for.
CloudBooks
This is a type of free accounting (invoice) software for small business with unlimited users capacity as one of its features. Cloudbooks the free version can also be used to perform integrated time tracking, create objects, create invoices, provide estimates and track expenses of the business. In case the business wants to issue more invoices and make online payments, which is not offered by the free version of the cloudbooks, you have to upgrade and pay certain fees on monthly basis.
GnuCash
This is one of the desktop types of accounting software for small business. You need to download free Gnucash software from their official website. Gnucash has features like vendor tracking, invoicing and job costing. It can be used as accounting software for personal accounting purposes and also for small businesses.
NCH Express Accounts
NCH Express Accounts is another type of free desktop accounting software. It is mostly used by a small business that has fewer than five employees to support their accounting needs. NCH Express Accounts can be used to analyse revenue from customers, generate accounting reports, manage accounts payables and accounts receivable. The cloud version of NCH Express Accounts exists which can be purchased with a stated amount of money.
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