Are you a small business owner or an accounting professional looking for a free accounting software? These are the best free and low budget accounting applications that can manage your day to day accounting tasks.

1. Wave

Wave Accounting

Wave is one of the popular free accounting software featured in many publications like The New York Times and Forbes. Wave has different sets of product such as accounting, invoices, payments, payroll and receipts, This software is specially designed for small business, freelancers and accounting consultants. If you are looking for a software to manage all financial functions without any cost, Wave is the best option.

2. FreshBooks

Fresh Books

Fresh book is an accounting software for small business. You can try this software for 30 days. Fresh book is cloud based software and it has multiple features such as accounting, invoices, payments and receipts except payroll. In addition, transactions have to be imported manually.

3. Zoho Books


Zoho books pretty same like freshbooks, It has all features that freshbooks has. In addition, You can track inventory in real time and setup automated bank imports. It has powerful reporting system, you can generate reports like P&L, Balance Sheet, and Cash Flow Statement. Zoho books is offering 14 days free trial.

4. Zoho Invoice

Zoho Invoice is hassle free invoicing software, the primary focus of this software is on billing and invoicing. It can product invoices, automatic send payment reminders and faster online payment.

5. BS1 Accounting


BS1 Accounting is a free accounting and inventory software which you can download in online. It has a multiple features that can help you to manage all accounts payable, receivable, inventory, general ledger and advanced analysis. This software is available in all country.

6. GnuCash

GnuCash designed to handle all personal and business financial and accounting operation. It is a free software under the license of GNU GPL and it is available for all OS such as Linux, Mac and windows. GnuCash can manage your expenses, stock, income and bank accounts. It is based on double entry accounting with advanced reporting system.

7. Lazy8 Ledger

It is a free accounting software which has a double entry accounting ledger with high end reporting and analysis. The main function of this software is bookkeeping for multiple business. This free ware can download and install it in your PC.

7 Best Free Accounting Software for Small Business and Independent Accountant -Slide Share