5 best free accounting software for small and medium enterprises

Good accounting software can help in automating many of our business processes and can also be used to produce detailed reports to know precisely how we are doing.

Choosing the best accounting software for you business can be a difficult task before you get started.

If you are a freelancer or small business owner and do not want to spent money initially on accounting software or packages then following free accounting software can help you to get started your business.

5 best free accounting software

Let us look into following free accounting software which is specifically made to address different problems of small and medium enterprises.

Also Read: Five Paid Accounting Software for small and medium enterprises


Turbocash is an open source accounting software mainly created for small businesses. As claimed by the developers, it’s available in 25 different languages, covers more than 80 different tax regimes and has a community of over 100000.

You can control your stock, invoice your customers, have your debtors and creditors list and generate PL account and balance sheet. It also accommodates multiple users and multiple companies.



Gnucash is freely licensed under the GNU GPL, specifically created for personal use and for small and medium business owners to take care of their financial data.

Like Turbocash, Gnucash will let you track your books of accounts including income and expenses, bank and inventory details. They also have android application for your mobile to track financial transactions on the go and then import into the desktop version of Gnucash.


xTuple’s PostBooks

PostBooks by xTuple is another open source free accounting software which has capability of maintaining general ledger, accounts payable and receivable, inventory control, bank reconciliation and much more.

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Express Accounts Accounting Software

Express Accounts has both paid and free version. It’s free only if business has less than 5 employees. You can use it to create invoice, maintain accounts payable and receivable details and other data.

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VT Cash Book

VT cash book is available for free from VT software site. They also have products like VT final accounts and VT transaction, which are available free for 60 days.

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Which accounting software do you use? Please let us know your experience and thoughts on this.

Editorial Staff at Yourfinancebook is a team of finance professionals. The team has more than a decade experience in taxation and personal finance.

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