Best Free Accounting Software Solutions to Consider in 2017

It doesn’t take to be a qualified accountant to acknowledge the long-term benefits of digitized finance management. In fact, accounting & finance systems helped businesses reap so many automation benefits that actual accountants fear the possibility of their work being completely replaced by artificial intelligence. Feasible or not, this revolutionary idea is already shaking the corporate world, where the value of full financial control is no longer directly connected to the cost of achieving such.

Is purchasing an accounting system a reasonable investment?

While there is no universal rule to as how much you’re supposed to spend on accurate accounting, running a business at the dawn of its development (and with no resources for expensive experiments) are no valid excuses to skip a system altogether. Both on the accountant’s and the accounted’s side, a personalized finance management system is absolutely necessary for making your end service trustworthy, and as your business grows, you will certainly experience the need to invest in a power-up system.

Plus, one can hardly say it is ‘too early to invest in accounting software’, having in mind that certain finance management applications already pushed their way towards the peak of enterprise software usability in the US in recent years. For instance, Statista.com claims that most of the enterprise software application revenue between 2011 and 2016 is ascribed exactly to ERP systems.

Global enterprise application software revenue in 2011 and 2016, by segment [Credit: Statista.com]

Sole accountants, small, and medium teams, however, are still a long way from being disqualified for their accounting software choices. In their scenario, the primary goal is to compare the benefits of handling their own budgeting, accounting, and payroll management against the amount that would need to be invested in acquiring such services elsewhere, and only then wrap up a sample monthly installment that makes sense. The more modest their financial management needs are, the less their ideal system will cost, and in the best of all cases – they can get one for free.

Can free accounting software do the heavy-lifting for you?

They may not always be the most advanced, cross-geography finance assistants, but free accounting systems can still do efficient work to make your corporate life much easier. To start with, most of them are hosted in cloud and impose no setup or maintenance fees, and operate around a familiar chart-based interface to exclude training as well. This may as well be the reason why cloud accounting and financial management applications formed even 52% of all frequently used business systems in 2014, as reported by the Cloud Accounting Institute. This number, as you already guess, went way beyond this threshold by 2017.

Frequently used applications in 2014 – Benchmark study (Cloud Accounting Institute)

What to expect? All basic accounting & finance management operations will be covered, and ready to use by a usually limited number of team members that is usually still enough for small companies. What could be a downside to these systems is limited storage, or access to reliable support, which often offers access only for premium users. However, investing some time to look for a reputed provider should eliminate all similar concerns.

Free accounting systems are either offered at completely no cost, or offered as free basic, lite packages of premium finance tools designed for a limited number of users. In some cases, the number of users and available storage will be the only criteria to distinguish between their functionality, but most of the time, vendors choose to arrange features in a basic/premium fashion for users to quickly find the plan that works for them. All the essential features are usually covered by the basic plans though.

What is the best free accounting software?

Luckily for sole accountants and developing teams, there are many free and freemium accounting systems that can keep your finances under control. For most of the premium systems, transition to a paid plan (should you need it as your company grows) is also made painless with affordable prices, annual reductions, and refund guarantees.

In order to help you narrow this list down to only a few suitable choices, we’ve listed what we think are the best free accounting systems to check out in 2017:

  1. Zoho Invoice
  2. Wave
  3. ZipBooks
  4. Odoo
  5. Expensify
  6. Express Accounts
  7. Invoice Expert
  8. GnuCash
  9. Compiere
  10. Turbo Cash
  11. Mango Billing
  12. Roboeyelabs
  13. OnCloudERP
  14. XTuple PostBooks
  15. Money Manager Ex

1. Zoho Invoice

Choose it because of: Impeccable reputation

Zoho Invoice won our Expert’s Choice Award for 2015

Zoho Invoice is a premium billing & invoicing system, and member of Zoho’s worldwide-popular business productivity suite. With all essential accounting functionality packed in a single system, Zoho Invoice offers one of the best free-of-charge alternatives for small and developing businesses. Reliable and in-time support also makes the system a rare catch in the arena, having in mind that similar extras are often limited to premium users only. Their system won our Expert’s Choice Award for 2015.

Why choose Zoho Invoice? Many businesses acquired Zoho accounting services despite of being able to afford a more expensive solution, and that’s exactly due to the company’s devotion to simplicity. Zoho Invoice is one of the least cluttered accounting systems out there, and involves no complex setup, maintenance, or upgrading on the user’s behalf. This accounting solution empowers users to create, manage, and distribute personalized invoices in a variety of currencies and languages, and thus minimizes error-prone human interference in large and sensitive transactions.

There is more to Zoho Invoice than decimal precision though – our experts also recommend it because of the streamlined integration with popular payment gateways, thanks to which customers complete their payments all from a single platform. The system will afterwards track and record your finances (including reimbursable expenses), and store them in several secure locations to ensure no data is lost or damaged. To make matters even better, Zoho Invoice comes with an open API infrastructure, which makes it easily connectable to any third-party system or application.

Who is Zoho Invoice designed for?

Sole proprietors, small and developing businesses looking to streamline invoice delivery in a secure and well-connected system. Particularly recommended to users of other Zoho Products.

What features are available for free?

According to the category experts, Zoho Invoice offers one of the best payment-free accounting suites, where price is not directly dependent on the availability of premium features. Basically, free Zoho users will be able to create, manage, and deliver the same invoices as premium ones, and get access to the same integrations and customer support. The plan, nevertheless, is designed for single proprietors and accountants working with as many as 5 clients per month. If you want to try it out you can easily sign up for free here.

These are the free features offered by Zoho Invoice:

  • Attach files to invoices
  • Attach unbilled projects and expenses while creating invoice
  • Calendar view of timesheets
  • Client portal for users
  • Collection of reports
  • Integration with Authorize.Net, Paypal, and PayPal Payflow
  • Invoice templates
  • Multi-language & multi-currency
  • Recurring invoices
  • Time tracking
  • Snail mail
  • SSL encryption & two-factor authentication
  • Expense management
  • Uploading of expense receipts
  • RESTful API

What features will you have to pay extra for?

Next to the free plan, Zoho Invoice offers three paid packages for larger teams:

  • Basic (1 user, 50 customers; $7/month)
  • Standard (3 users, 50 customers; $15/month)
  • Professional (Unlimited users, unlimited customers ; $30/month).

The number of users and customers is the only differentiation factor, while the feature kit looks absolutely the same in all packages.

2. Wave

Choose it because of: Payroll management

Wave is an absolutely free-to-use accounting system, currently employed by over 2 million freelances and small businesses around the world. It is often referred to as the most popular open source alternative for finance control, with a suite that looks very professional, and has a lot of resemblances to high-profile, expensive accounting suites.

Designed to cater to the needs of small teams and startups, Wave is simple, and strives to eliminate all distractions related to chasing payments, tracking expenses, managing employees, or handling taxes.

In a fashion similar to Zoho Invoice, users can trigger Wave to create and deliver professional and appealing invoices, get paid in time, and track finances all along their transactions. Wave will also give them a straightforward possibility to collect payments from credit cards, which will work fine on the customer’s end as well.

For a free system, Wave also has an appreciable organization capacity, as it displays information on comprehensive dashboards, and allows users to pull off detailed reports on their financial activities.

Another important highlight of the system is payroll management, as it makes it possible to calculate salaries, and uses direct deposits and pay stubs to make sure those are covered in time. The same as Zoho Invoice, Wave is ready-to-use on all devices and operating systems, and comes with open developer API to help you design your own integrations.

Who is Wave designed for?

Sole accountants and proprietors and small teams looking to deliver invoices, manage expenses, and complete payroll & taxation calculations in a single system.

What features are available for free?

Wave is an open-source accounting system, and offers all of its features for free. There are no paid upgrades, recurrent fees or unexpected expenses to worry about – all you have to do is to create an account, and the following features will be available to you:

  • Accounting & finance control
  • Customizable dashboard
  • Custom reports
  • Billing & Invoicing
  • Lendings management
  • Direct payments
  • Payroll & expense management
  • Time tracking
  • Taxation
  • Open API

3. ZipBooks

Choose it because of: Data intelligence

ZipBooks is a simple, yet powerful accounting & invoicing solution for individuals and teams, developed to organize their finances and turn their data into operable intelligence. This system works around strengthening financial control, but also focuses on delivering professional and well-structured service to end customers. Hence, ZipBooks will allow accountants to send professional, elegantly designed invoices, get paid via credit cards or PayPal accounts, or trigger the system’s auto-billing when looking to reduce their workload.

ZipBooks organizes information in a color-coded scheme, and helps companies save time with simpler reconciliation. At the same time, it keeps an eye on their expenses, tracks account payables, and follows closely each and every of their transactions. What our experts point out to be the highlight of this system, however, is data intelligence, as ZipBooks is one of the rare free-of-charge accounting solutions that drafts insights on profitable customers, and compares performance between several competitors.

Who is ZipBooks designed for?

Both single users and corporate teams looking to complete complex accounting operations, and then use their financial data for smarter forecasting.

What features are available for free?

ZipBooks is a freemium system, with a great free Starter plan for unlimited invoicing and bookkeeping. Some of the top rated and most advanced features of this software (PayPal integration, analytics & Business Health score, for instance) are included in the free plan, and application is not limited to a number of users. The robust knowledge base is also available to non-paying users.

These are the features offered in the Starter plan:

  • Unlimited users
  • Unlimited invoicing
  • Unlimited bookkeeping
  • Unlimited vendors & customers
  • Unlimited recurring invoices with auto-bill
  • Connect & manage bank
  • PayPal & credit card payments
  • Analytics & business health score
  • Invoice quality score

What features will you have to pay extra for?

ZipBooks provides three different enterprise pricing packages for prepaid users, where the basic invoicing & bookkeeping suite remains the same, but each plan comes with additional, advanced analytic features. The plans are:

  • Smarter ($15/month)
  • Sophisticated ($35/month)
  • Services ($125/month).

These are the main features exclusive to ZipBooks’ paid plans:

  • Unlimited bank connections
  • Time tracking
  • Auto-import of expenses into customers’ invoices
  • Team collaboration & secure sharing
  • Advanced intelligence
  • ZipBooks Scholar (personal bookkeeper for tax saving analysis and monthly reports)

4. Odoo


Choose it because of: Inventory management

Odoo encompasses sales and project management in a single tool, and enriches them with a variety of MRP, POS, and e-commerce functions to deliver a universal solution that can help all businesses manage all types of operations. Furthermore, the system goes a step ahead integrating every sales channel you can think of, which combined with its powerful inventory management, makes for the best business management solution to be found on the market these days.

Odoo breaks the image of traditional ERP systems, mostly because it is highly modular: there are over 1000 modules to start with, and the user is free to add more while using it. As integrated as it is, Odoo will never compromise the benefits it initially delivers, regardless of the app you’re using to cover your business processes. What is more, Odoo is a highly customizable and flexible system you could easy adjust to the specific needs of your business.

Who is Odoo designed for?

Small, medium, and large companies looking for an all-in-one business process management solution that combines the best of ERP, sales, accounting, marketing, and project management features.

What features are available for free?

Odoo offers a free basic plan for 1 app that is suitable for up to 50 users. The transition to some of the other two plans is painless, and covers all the apps you need. Plus, all of the essential sales and ERP functionality offered by the provider is available in the free plan.

This is what you will get:

  • Website Edition
  • Accounting
  • CRM
  • MRP
  • E-Commerce
  • eSignature
  • Inventory Management
  • Marketing
  • Point of Sale
  • Project Management
  • Sales Management
  • Automated Stock Update
  • Automated Calendar
  • Automated Invoicing
  • Leave Management
  • Timesheets
  • Reporting
  • 1 App
  • Suitable for up to 50 Users
  • Cloud Hosting

What features will you have to pay extra for?

Alongside its complete free plan, Odoo presents:

  • Online Plan (€20/user/month)
  • Enterprise Plan (€25/user/month (minimum 5 users).

The capabilities of the three plans are pretty much the same, and what makes the difference is the number of users, deployment options, customization access, and customer support.

These are the extra features deriving from the paid plans:

  • More than 50 users
  • Mobile apps
  • Customization
  • Premium support
  • Implementation service & assistance

5. Expensify

Choose it because of: Travel expenses management

Expensify is another affordable choice for money-matter control we warmly recommend to starters and low-tier market users. There is a lot to say in favor of this expense-friendly system, as it offers many benefits situated around a transparency maintenance mechanism. Expensify is an excellent choice for businesses looking to improve finance control, maintain summaries of several accounts at once, balance debt-to-income ratios, or particularly handle travel expenses.

Expensify will also automate expense reporting, as it is automatically integrated with several payment modes, credit card providers, and financial transaction institutions. It puts in place an advanced GPS technology to track and record miles of your employees’ business trips, and calculate instantly any type of reimbursement. There is also arate exchange calculator and currency converter for international trips. Companies also appreciate the numerous CRM, ERP, and eCommerce integrations that help them blend expense management with other sales or accounting operations.

Who is Expensify designed for?

Teams of all sizes and industries looking to manage travel expenses and make their financial operations more transparent.

What features are available for free?

Expensify offers a basic free plan for teams with undefined number of members, which comprises of all essential accounting functionalities, and doesn’t limit receipt storage. Free users, however, won’t have access to the system’s direct integrations with accounting, ERP, and business intelligence software.

These are Expensify’s free features:

  • Realtime expense reports
  • Corporate cards
  • Direct deposit reimbursement
  • Basic approval hierarchies
  • Candidate reimbursement
  • Advanced Tax Tracking
  • Automatic accounting sync
  • Automatic Reporting & submitting
  • Automatic approval
  • Automatic reimbursement
  • Duplicate expense detection
  • Credit card import
  • Auditor access
  • 10 free SmartScans per month
  • Free mobile app
  • Unlimited receipt storage

What features will you have to pay extra for?

Expensify offers two paid plans:

  • Team – $5/user/month
  • Corporate – $9/user/month

Paid plans add integrations to third-party software, premium support & assistance, and several advanced expense management and security features.

Here are the details:

  • Unlimited SmartScans per month
  • Online next day ACH reimbursement
  • Direct integration with QuickBooks and Xero
  • Advanced policy enforcement
  • Corporate card reconciliation
  • Direct integrations with NetSuite, Intacct, Dynamics, and more
  • Custom report exports
  • Multi-level tagging

6. Express Accounts

Choose it because of: Inventory software integration

Express Accounts is NCH Software’s professional accounting & bookkeeping program for small companies. The platform is absolutely free for teams up to 5 members, allowing them to easily track payment and deposit transactions, pull off detailed balances and reports to examine their operations’ health, and use those reports to facilitate the work of their official accountants. The very same functionality is offered to paid users, who nevertheless get to distribute the system among more than 5 users.

For free, small-biz users, Express Accounts offers a dedicated free application they can download for their local and mobile devices. The same as in the premium on-premise scenario (Windows and Mac OS), the free plan fuses accounts payable and accounts receivable to facilitate all types of financial analyses, while also protecting data in several backup locations. The bottom line of the system’s popularity is its Inventoria integration, thanks to which both paid and unpaid users get to manage inventory data in all aspects of their business.

Who is Express Accounts designed for?

All users, from startups to professional accounting teams, looking for finance management systems that account for their stock and inventory data. Ideal for startup sales teams.

What features are available for free?

For teams up to 5 users, Express Accounts is available absolutely for free. These teams get to use a dedicated desktop & cloud application that combines the best features of this professional, traditionally locally hosted suite. As their business develops, teams can always painlessly migrate to a paid plan, and download a full version on their local devices.

These are the features to expect from a freeplan:

  • Accounts payable
  • Accounts receivable
  • Sales management
  • Generation of professional quotas, invoices, and sales orders
  • Bookkeeping
  • Analyses & 20+ Financial reports
  • Mobile access

What features will you have to pay extra for?

Users interested in the premium version of this system should contact the vendor for a personalized quote. The feature suite they’re about to get offers pretty much the same functionality offered by the free plan, but adds up several advanced capabilities:

  • Profit & loss income statements
  • Inventoria integration
  • Running multiple businesses on a single installation
  • Employee productivity management
  • Automatically integrated data backup

7. Invoice Expert

Choose it because of: Customer management

Invoice Expert is another free-to-use solution which combines inventory management with invoicing & billing capabilities. Users get to choose between a neatly designed Lite Edition (teams with up to 100 customers and products) and the professional Advanced Edition with unlimited customers/products and a personalized invoice designer. In both cases, users are liberated from paying hidden fees and support charges, and can upgrade easily without re-entering their information.

The system is designed to serve the billing, invoicing, and inventory management needs of diverse industries, including retail stores, internet-based businesses, and professional service providers, and comes equipped with a beautiful customer service and management suite. Quoting, as well as the personalized invoice designer are only some of the top notch featured offered to premium users, which make the system unique compared to much more expensive accounting vendors. Invoice Expert is also known for its various networking and connectivity options that help it blend easily in any software environment.

Who is Invoice Expert designed for?

Retail stores, internet-based businesses, and professional service providers interested in accounting systems that cover customer management. On-budget teams are invited to consider it because of its one-time purchase license.

What features are available for free?

Invoice Expert’s Lite Edition is available for free, covers all of the above discussed  invoicing & billing capacity, and yet doesn’t restrict the number of users or available storage. Nevertheless, unpaid users get to manage only 100 customers/products, and have access to forum support instead of technical email assistance.

Here are the main free features:

  • Inventory management
  • Billing & Invoicing
  • Customer management (100 customers)
  • Product management (100 products)
  • Multiple invoice templates (no personalized designer)
  • On-premise deployment
  • Online forum support

What features will you have to pay extra for?

Invoice Expert offers a single premium plan (Advanced Edition) for an unlimited number of users. The plan covers everything included in the Lite Edition, but enables users to manage an unlimited number of customers and products and to use a personalized invoice creator. For this plan, customers will also have access to premium email support, rather than simply relying on the online forum. The Advanced Edition costs $69.95 (one-time download license), and is due to a 30-days refund policy in case the user is not satisfied.

This is how the Advanced Edition differs from the Lite Edition:

  • Unlimited customers
  • Unlimited products
  • Premium email support
  • Personalized invoice designer

8. GnuCash

Choose it because of: Double-entry accounting

Gnu Cash is one more of our top suggestions for free accounting-finances systems, available for GNU, Windows, Mac OS X, Solaris, BSD, and Linux users. The easy to use, yet powerful and flexible system is available in several different languages, and customizable enough to adhere to international accounting standards. It is particularly recommended to large and international teams looking to solve financial issues without spending a fortune to make that happen.

The system makes it possible to track stocks, bank accounts, incomes, and expenses with unparalleled ease, as its interface is reminiscent of a standard checkbook where users can manage their accounts and pull off accurate reports. What experts point out to be the central capability of this software is double-entry accounting, thanks to which GnuCash matches and reconciliates QIF, QFB and HBCI transactions. GnuCash is also fully equipped for all main financial analyses, and produces professional profit reports with graphs and charts.

Who is GnuCash designed for?

Small, medium, and large businesses interested in getting a complete, end-to-end finance solution for free. Particularly recommended to international and outsourcing businesses managing transactions on several geographies.

What features are available for free?

GnuCash is a completely free accounting system, which means that once users download it, they’ll get access to all of its capacity without worrying about maintenance or recurring payments. Thanks to GnuCash’s utmost flexibility, your finance management needs will remain covered even when your database grows, which means there will hardly be any need to replace it with a paid system.

These are GnuCash’s main features:

  • Professional accounting principles
  • Bank accounts tracking
  • Stock, income, and expense management
  • Double-entry accounting
  • Stock/Bond/Mutual Fund Accounts
  • Reports/Graphs
  • QIF/OFX/HBCI Import, Transaction Matching
  • Scheduled transactions
  • Financial calculations
  • Checkbook-style register
  • Quotes
  • Multiple languages
  • Multiple currencies
  • Data storage & exchange

9. Compiere

Choose it because of: Enterprise resource planning

Compiere joins the list of smart accounting solution in the role of an easy-to-use ERP, which won’t only control resource flow in small and medium companies, but also handle warehouse management, and automate as many manufacturing processes as you have in place. Its configurable structure makes it what experts like to call ‘an end-to-end solution for differing industries’, and one of the most modern and adaptable finance planning systems you could possibly get for free. The company also offers an Enterprise Edition of their system under the form of a model-driven platform, where customers get to customize everything from their multisite ERP to performance management and visual dictionaries.

Compiere will be a great solution for companies looking for an ERP tool that also covers customer service & management, and can be applied in the role of a sales-oriented CRM that keeps track of all customer interactions. For analytic purposes, Compiere will also provide all types of standard financial reports, and offer a detailed business view layer.

Who is Compiere designed for?

Experienced companies looking for global-ready ERP tools to manage their inventory and customize their manufacturing processes. The free version is also suitable for sole proprietors.

What features are available for free?

For unpaid users, Compiere is available as a cloud-hosted desktop application which covers all essential ERP and manufacturing control functionality. The number of users and available storage is not limited.

  • Finance control
  • Multisite ERP (warehouse management, manufacturing, materials management, purchasing, order management, global financial management)
  • Performance management (management dashboards, business view layers, and standard reports)
  • Data dictionary
  • Dynamic Web services
  • Sales
  • eCommerce
  • Customer history
  • CRM (Sales, Service, and Web store)

What features will you have to pay extra for?

The key difference between Compiere’s free and enterprise edition is customization, as paid users get to modify and turn the platform into a model-driven and highly adaptive business suite, and select a preferred deployment method (on premise or in cloud). Advanced pricing is calculated by quote, and the company offers some of the best annual subscription reductions.

These are the main paid-for features:

  • Customization
  • Visual Dictionary Edition
  • Extensive functionality with little to none IT expertise
  • Access to application source code
  • Deployment by choice (web-based or on-premise)
  • Data backup by Consona

10. TurboCASH

Choose it because of: Point-of-sale features

TurboCASH is another master of the free and open-source accounting arena that is easy to configure and adjust to any corporate environment. Rather than a simple invoicing database, TurboCASH can be used as an advanced point of sale & cashier system that compiles all standard benefits of double-entry accounting. The architecture of this system is desktop-oriented, but TurboCASH still enables data migration and supports import/export of transactions as CSV files.

With more than 30 years of experience arena, this successful sole proprietor project has gathered a large community of business users, researchers, and consultants that could help you learn more about the system, or maximize its potential to the benefit of your financial operations. Professional users and large teams can also check the attractive freemium package and make use of its advanced capabilities for only $60 a month.

Who is TurboCASH designed for?

Predominantly sole accountants and consultants, or proprietors running small retail businesses. Large teams are also invited to check the freemium package.

What features are available for free?

Most of TurboCASH’s basic accounting and invoicing capabilities are available in the open source plan, which the user can download from their website and run immediately upon installation. The plan is not limited to a particular number of users, and they get to create and distribute as many invoices as they need.

This is what is included:

  • Inventory
  • Invoicing
  • Cashbook
  • Debtor credits
  • Full reports
  • Repeating entries
  • Multi language
  • Report drill down
  • Rollback database
  • Open source data
  • Tax compliant for 80 states
  • Access to user community

What features will you have to pay extra for?

TurboCASH offers a premium subscription package for professional consultants and corporate team covered either monthly or annually (costs $60/month). Next to the features offered in the free plan, Turbo Cash 5 will provide:

  • CSV, SQL, Firebird
  • Cloud applications
  • World class general ledger
  • IFRS & GARB accounts
  • Access to premium consultant services

11. Mango Billing

Choose it because ofDue date management

Mango is a time& billing solution for small and medium businesses with an excellent, fully-equipped free package. You should consider it because of of its capacity to help you attain control over your expenses and due dates, set up & maintain accounting assignments, and draft custom timing reports. The system is also well known for its Outlook-styled spreadsheets and calendars, and unlimited access to data from both desktop and mobile devices.

How exactly will Mango improve your billing and time effectiveness? When all recurring tasks are set up and inserted in the system, it arranges them perpetually in cycles, so that once a task is completed, a date for the next one is appointed automatically. If you wish so, you can categorize tasks and dates in a different way, and get a 360-degree overview of date ranges at any moment. Mango Billing is often referred to as the best reporting app in the accounting world, and that’s right because it gives you unrestricted freedom to pull off stats at any moment.

Who is Mango Billing designed for?

Mainly sole accountants and finance consultants, or teams up to 15 users. Focus on it for basic billing operability, or if interested to improve time management.

What features are available for free?

Mango Billing offers 5 pricing plans in total, the only difference between them being the number of users and clients included in each package. The free plan, for instance, wraps up all of the system’s well-reputed billing and timing functionality, but is reserved for single users with as many as 2 clients per month.

This is what you get for free:

  • Time & Expense Tracking
  • Retainer Management
  • Accept Credit Cards
  • Quickbooks Integration
  • To-Do Lists
  • Dashboards
  • Firm-wide Centralized Scheduling
  • Outlook-Style Calendars
  • Recurring Appointments
  • Reminders
  • Filters
  • Sync with Outlook and Google Calendar
  • Mobile access

What features will you have to pay extra for?

The features offered in Mango’s paid plans are exactly the same as the ones in the free plan, with the main difference that these packages are available to larger teams serving more clients. You can choose between the following plans:

  • Solo Plan (1 user, unlimited clients, $19/month)
  • Basic Plan (4 users, unlimited clients, $59/month)
  • Pro Plan (8 users, unlimited clients, $99/month)
  • Enterprise Plan (15 users, unlimited clients, $159/month)

12. Roboeyelabs

Choose it because of: CRM

If looking for a free system that fuses accounting and CRM into e streamlined unit, look no further than Roboeyelabs. This smart system combines all essential accounting features such as accounts payable and accounts receivable, billing and invoicing, cash management, purchasing, revenue recognition, and expense tracking, and integrates with Xero and QuickBooks to support users’ marketing efforts.

The uniqueness of the system, nevertheless, derives from the presence of a neatly designed CRM kit that pulls in customer data for accurate sales pipeline creation, and helps discover and convert business opportunities. Your bookkeeper will love how easy it is, having in mind that it automates invoice creation and delivery, and operates fully in cloud to avoid any upgrade or maintenance concerns. The best part, of course, is flexible pricing, which combines a free plan, and easy migration to any of the paid options starting as low as $1 a month.

Who is Roboeyelabs designed for?

Small and medium sales team that use invoicing as a mechanism for collecting customer data and improving customer relationships.

What features are available for free?

Roboeyelabs’ free plan is called Bronze, and combines the best of the system’s accounting and contact management features without restricting the number of users or customers. What free users will lack in this plan is sales management capacity, including pipeline creation and end-to-end lead management. Rest API for open connectivity are absent from the free plan.

These are the main feature you won’t be paying for:

  • Contacts
  • Quotes
  • Invoices
  • Bills
  • Products
  • Payments
  • Transactions
  • Reports

What features will you have to pay extra for?

Unlike most freemium accounting systems with a huge gap to surpass between unpaid and paid plans, Roboeyelabs makes migration an easy and painless process. There are only two paid plans that add up sales and social CRM functionality, and the most you will pay to get those is $2 a month (Silver Plan is available for $1 a month, while the Gold one costs $2/month).

  • These are the features to expect upon payment:
  • Pipeline & Opportunity management
  • Lead management
  • Customization
  • Email notifications & alerts
  • Social CRM
  • Rest API

13. OnCloudERP

Choose it because of: Reliable resource allocation suggestions

OnCloudERP is another freemium cloud-based platform designed for resource planning. More particularly, it was developed to serve small and medium businesses operating in retail, manufacturing, and trade; and help them address core business planning challenges such as purchasing control, management of diverse accounts, store & sales management, manufacturing, and even CRM. The system is also equipped for accurate data analytics, and able to produce appealing and functional reports.

OnCloudERP delivers some of the most detailed data insights businesses could possibly acquire for free, and supplies them recent and reliable suggestions needed to make smarter decisions. It is also one of the most secure EPR platforms to consider, as it is hosted in Google Cloud, and thus able to guarantee that sensitive corporate data won’t be accessed or misused by unauthorized parties.

Who is OnCloudERP designed for?

Small to midsize businesses looking to plan and allocate resources in any of the following sectors: manufacturing, retail, and trading.

What features are available for free?

OnCloudERP’s functionality remains the same in the paid and unpaid packages, but you should have in mind that the free-of-charge StartUp Plan is intended to use by single companies, and thus offers only 1 GB of storage and limited customer support.

These are the features you would acquire for free:

  • 1 company
  • 1 GB storage
  • 1 concurrent user
  • Limited records
  • Linkage between different transactions
  • Drilldown
  • Data management
  • Real-time validation
  • Emailing of invoices, orders, notifications, and receivables
  • Reporting (Trial Balance, Balance sheet, Stock Ledger, Outstanding)
  • Email priority support

What features will you have to pay extra for?

Other than the StartUp plan, OnCloudERP offers two moderately-priced plans for larger teams and professional users:

  • Standard – $10/user/month
  • Enterprise – $15/user/month

The core ERP functionality remains the same in all plans, while they mostly differ in terms of usability and access to support (number of companies, number of concurrent users, storage, access to Rest API, etc.)

These are the main features you would have to pay for:

  • 2/5 companies
  • 5/10 GB of storage
  • 10/20 concurrent users
  • Multi-roles
  • Enable email OTP
  • Telephone/chat support
  • REST API

14. XTuple PostBooks

Choose it because of: Business process management

XTuple PostBooks is an open-source accounting, ERP and CRM system designed for Mac, Linux, and Windows users. The main idea of the company was to create a fully-featured and well-integrated accounting system companies could use to manage a larger portion of their business processes, and to make such enterprise-level functionality available to startup businesses.This is how the system is now available for free, while professional users and large teams get to choose between the vendor’s different Enterprise, Distribution, and Manufacturing editions.

Alongside combining the best-in-class accounting, ERP, CRM, and sales features, PostBooks is also an internationalized platform that supports multiple languages and currencies, and is thus applicable on all geographies. You can also use it to track meaningful metrics and pull off all sorts of finance reports, as you have access to an open source report writer (Open RPT) at no cost.

Who is XTuple PostBooks designed for?

Small and developing businesses that could use a complete business process manager to handle their accounting, sales, ERP, and CRM needs.

What features are available for free?

PostBooks is a special XTuple edition for small businesses that combines the best of the system’s functionality in a single, unpaid package. Upon need, customers can contact the company and require a quote-based CPAL Open Source Initiative (OSI-certified Common Public Attribution License), or a commercial license for unlimited customer support.

These are the main PostBooks features:

  • Accounting (general ledger, accounts receivable and payable, bank reconciliation, financial reporting)
  • Sales (quotes, order entry, sales reporting, shipping)
  • CRM (universal address book, incident management, opportunity management, to-do lists, project management)
  • Purchasing (purchase orders, receiving, vendor reporting)
  • Product Definition (items, infinite-level bills of material)
  • Inventory and Distribution (multiple locations, other advanced warehouse features)
  • Light Manufacturing (work orders, strong support for make-to-order)
  • OpenRPT open source report writer
  • Operating system/platform-agnostic
  • Multi-language and multi-currency
  • Mobile access

What features will you have to pay extra for?

Corporate users should visit the official website, and give a look to some of the premium xTuple packages: Enterprise, Distribution, Manufacturing, or Commerce.

15. Money Manager Ex

Choose it because of: User-friendliness

Last, but not least, we have Money Manager Ex, an easy to use, cross-platform finance software for starter and professional users. The key value of this system is its ability to follow your finances, and detect exactly where, when, and how your money was spent. The industry you operate in won’t matter – Money Manager Ex blends easily in any corporate structure or individual finance planning environment.

Think of Money Manager as your personal finance management application, which works well on all device and operating systems, and gives you a friendly interface to run and track transactions smoothly and effortlessly. The platform is absolutely free of charge, and available for instant download to Windows, Linux, MacOS, and Android users. On their official website, you will also find a number of video tutorials that will help you set it up, and make the most of what its features have to offer.

Who is Money Manager Ex designed for?

Mostly individuals interested in acquiring a personal finance planner. Nevertheless, small companies managing a limited number of simple transactions should also give it a look.

What features are available for free?

Money Manager Ex is completely free to download, and offers no payment plans or recurrent and maintenance fees to worry about.

These are the key features available in this system:

  • Intuitive and simple interface
  • Checking, credit card, savings, stock investment, assets accounts
  •  Reminders for recurring bills and deposits
  •  Budgeting and cash flow forecasting
  •  Simple one click reporting with graphs and piecharts
  •  Import data from any CSV format, QIF
  •  Does not require an install: can run from a USB key
  •  Non-Proprietary SQLite Database with AES Encryption
  •  International language support (available in 24 languages)

COMPARISON OF MAIN FREE FEATURES

Number of usersNumber of clientsAvailable storageBilling & InvoicingMulti-language & currencyAvailable support
Zoho Invoice15UnlimitedAvailable in the free planYes
  • Email
  • Phone
  • Live Chat
WaveUnlimitedUnlimitedUnlimitedAvailable for freeNo
  • Email
  • Phone
  • Tickets
ZipBooksUnlimitedUnlimitedUnlimitedAvailable in the free planNo
  • FAQ
  • Training
Express Accounts5UnlimitedUnlimitedAvailable in the free planNo
  • Email
  • Phone
  • Tickets
  • Training
Invoice ExpertUnlimited100UnlimitedAvailable in the free planNo
  • Forum
GnuCashUnlimitedUnlimitedUnlimitedAvailable for freeYes
  • Email
  • Training
CompiereUnlimitedUnlimitedUnlimitedAvailable in the free planYes
  • Forum
  • Tickets
Turbo CashUnlimitedUnlimitedUnlimitedAvailable in the free planYes
  • Forum
Mango Billing12UnlimitedAvailable in the free planNo
  • Live chat
  • Training
  • Tickets
RoboeyelabsUnlimitedUnlimitedUnlimitedAvailable in the free planNo
  • Email
ExpensifyUnlimitedUnlimitedUnlimitedAvailable in the free planNo
  • Email
  • Live Chat
Odoo50UnlimitedUnlimitedAvailable in the free planYes
  • Email
  • Phone
  • Live Chat
  • Training
  • Tickets
OnCloudERPUnlimited11 GBAvailable in the free planNo
  • Email
XTuple PostBooksUnlimitedUnlimitedUnlimitedAvailable in the free planYes
  • Email
  • Forum
Money Manager EXUnlimitedUnlimitedUnlimitedAvailable for freeYes
  • Forum
  • Wiki
  • Tickets
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