Best Free Accounting Software For Nonprofits – These free accounting apps are secure, reliable, and easy to use while providing enough features for most small business bookkeeping needs.
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Best Free Accounting Software For Nonprofits
Accounting software doesn’t have to cost your business a fortune. Of course, there are many free accounting software options on the market. With free software you can balance the books and keep a close eye on your finances without spending a penny.
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What’s the catch? Unfortunately, not all free accounting software is created equal. Limitations, lack of advanced features, and difficult-to-navigate interfaces are just a few of the problems that can plague free software. The good news is that we’ve gone through the options to find the best free accounting software. We looked at features, usability, user reviews and other factors to help you find the accounting solution that works for your business.
Free accounting software can be an affordable solution for small businesses. The best free accounting software options offer an attractive price tag of $0, but they still need to be reliable, secure and feature-rich. Our top picks include Wave, ZipBooks, Odoo, Sunrise, Zoho Books and Fiverr Workspace.
Sunrise by Lendio (formerly Billy) is a great free option for businesses that want simple bookkeeping software without the bells and whistles (and high prices!) of full accounting software. With Sunrise, you can be up and running in minutes, invoicing customers, managing expenses and accepting payments online.
One of the unique features of Sunrise is that you can qualify for additional financing opportunities through Lendio just by keeping your books. Taking too much time to manage your books? You can upgrade to Sunrise’s paid professional bookkeeping service, which offers extremely competitive rates. Unlimited customer support, great customer service and positive reviews online, and it’s easy to see why Sunrise makes our cut.
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Businesses that need full accounting software with advanced features (such as inventory management) will need to look elsewhere. However, businesses that want basic bookkeeping software without limitations, an easy-to-use interface perfect for beginners, and excellent customer service can find a winner in Sunrise. With Sunrise’s free self-service software, you’ll get:
Sunrise’s self-service software is completely free. If you need payment processing, Sunrise offers a 3.55% + $0.30 payment plan for credit card transactions. You can also choose to upgrade to Sunrise Plus for $19.99/month, which offers minimal setup costs, cash flow insights, and integrations with Square, Stripe, and PayPal.
You can sign up for bookkeeping services with Sunrise. Pricing is based on your number of transactions per month and starts at $149 per month.
Wave is the free accounting software of choice for over 3.5 million users. It stands out from the competition for its forever free plan, which has no restrictions on other free programs. Additionally, this cloud-based software is easy to use and has a robust feature set that is on par with most paid software options.
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When you use Wave, you have access to customizable invoices and estimates, expense tracking, and bank reconciliation. You also have access to journal entries, inventory lists, and a customizable chart of accounts. Despite a few drawbacks, Wave has received overall positive reviews from its users.
Unlike many other options you’ll find, Wave is truly free forever. You won’t be held back by limits on the number of invoices you receive or need to upgrade to access basic features. Wave offers one plan with no setup fees, monthly fees, or hidden costs. With this free plan, you will get:
Although Wave is free to use, some of its paid add-ons may benefit your business. It includes credit card processing and starts at 2.9% and $0.30 per transaction. Bank ACH payments are 1% per transaction. Wave also offers payroll services starting at $20/month and $6/month per employee.
Additionally, you can sign up for Wave Advisors services for your tax and bookkeeping needs. Bookkeeping and payroll support starts at $149 per month, tax services start at $899 per year, and you can purchase accounting and payroll training for a one-time fee of $229.
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ZipBooks is free accounting software designed by small business owners for other business owners, freelancers, and entrepreneurs. Automation is where ZipBooks really excels, combining a color-coded design with a robust suite to simplify the accounting process.
With a free ZipBooks account, you’ll be able to send invoices to clients, manage your contacts, and access business health results. If you want additional features, ZipBooks offers several monthly membership plans. ZipBooks is also notable for its excellent customer service and strong security features and has an excellent reputation among its users.
ZipBooks offers several plans, but for those who don’t want to pay a monthly fee, the free starter plan includes:
ZipBooks Starter Plan is completely free. If you want access to more features, you can upgrade to one of ZipBooks’ paid subscriptions. For $15/month, you can sign up for the Smarter plan with additional features and automations, including scheduled recurring invoices, time tracking, and support for up to five team members. For $35/month, you can upgrade to the Modern plan, which includes support for smart tagging, additional reports, and unlimited users.
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Odoo differs from the other software on the list because it is not an accounting software. Instead, it is an enterprise resource planning (ERP) software. While we can get technical about ERP, let’s keep it simple: Odoo offers more than 40 business applications, including Odoo Accounting. You can stick to just Odoo accounting, or you can integrate several different small business applications. The best thing about Odoo is that the software is fully customizable to suit your business needs now and can be scaled to meet your needs in the future.
However, for this review, we will only focus on Odoo Accounting. Odoo comes with the features you expect from small business accounting software, such as chart of accounts, invoicing, expense tracking, accounts payable, and basic inventory. Additionally, the software is easy to use and you can choose between web hosting and on-premises installations, but this can affect the total monthly cost.
Cloud-hosted version of Odoo Accounting is free for one user. It includes many of the features you’d expect from accounting software, including:
Odoo accounting is free for one user. Additional applications, hosting and users can be added for a monthly or annual fee. Odoo apps start at $15 per month and integrations start at $45 per month. You can purchase success and implementation packages with a local partner.
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Fiverr Workspace (formerly known as AND CO) was designed with freelancers in mind. It’s not a complete accounting software, but it provides many basic tools that are useful for freelancers, micro-businesses, and independent contractors. Fiverr Workspace makes it easy to perform basic tasks like tracking expenses, managing contacts, sending invoices and tracking time.
Fiverr Workspace offers a free plan, but unfortunately, the limitations of this plan only allow you to bill one client. If you need to bill additional customers, you can upgrade to a paid subscription. If you’re not a freelancer and instead run a small business, you may need more tools than Fiverr Workspace offers. However, this management software offers some great features with an easy-to-use interface that simplifies the accounting and bookkeeping tasks of freelancers.
If you have more than one customer, you should upgrade to the unlimited plan. For $24 per month, you’ll be able to bill unlimited clients. Pro users also get additional features like unbranded invoices and customizable contracts.
Zoho Books offers everything you’d expect from accounting software like journal entries, invoices, expense tracking, and financial reports. However, where the software really shines is its invoicing. Zoho Books has 16 invoice templates and more customization and automation options to make invoicing more personalized and easier than ever.
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Additionally, you will find that Zoho Books has an excellent public reputation and exceptional customer support. While there are some limitations with the free plan (more on that in a minute), Zoho Books is an excellent choice for businesses that want robust accounting software comparable to QuickBooks Online without the monthly fee.
Until recently, Zoho Books was only available as a paid subscription. The company has now added a free plan ideal for businesses with annual revenue of $50,000 or less. Zoho Books’ free plan is designed for one user and includes:
Advanced features such as multiple invoices, additional users and project management, job costing and budgeting require subscription to a paid plan. The free plan only includes email support, while access to text and phone support requires a paid subscription. Plans start at $20/month. Zoho Books’ free plan is limited to one user and one accountant; Additional users cannot be purchased on this plan.
To be the best, we expect a free accounting software to be safe and reliable – that means no spam and no excessive ads that make using the software almost impossible. We also expect the software to have basic accounting features and a modern, easy-to-navigate interface.
The 6 Best Free Accounting Software 2022
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