Cash flow can be erratic at times – every business needs to know where the money went and is going. For business owners, you really need a cost efficient accounting system.

Accounting software can saves you time, It will help you to enhance business processes, reduce mistakes and help complete tasks more efficiently.

There are dozens of excellent accounting and financial management software options for everything from simple basic ledger bookkeeping to invoicing, inventory tracking, point of sale, payroll, taxes, and reporting and forecasting. If you’re searching for business accounting software, you are in right place, here 3 best free accounting and finance software for your business.

FreeAgent Accounting Software »

online accounting application
FreeAgent is an online accounting application. From expenses and time tracking, to estimates and invoices, FreeAgent helps you take care of business day-to-day.

Features:

  • Build professional estimates and proposals which can be tracked through to approval and converted to invoices.
  • Charts of invoice payments show you, month-by-month, what payments are due, overdue or have been paid.
  • Track what your company owes you by adding out-of-pocket expenses, including scanned expense receipts.
  • Reconcile money in and out of the business via your electronic bank statements and build monthly balance charts.
  • Visual Profit and Loss statements show you how much money your business is making and spending.

Free Invoice & Accounting Software »

Free Invoice Software
Debitoor is a free invoice and accounting software to help you produce easy and professional invoices. Debitoor lets you send unlimited invoices and comes with ready to use invoice templates that you can customize to fit your needs by adding your company logo and by including a personalized message to every invoice you send.

Features:

  • Create and send an unlimited no. of invoices
  • Create and send an unlimited no. of credit notes
  • Enter an unlimited no. of expenses
  • Get an overview of your expenses
  • Professional legally compliant invoice template
  • Upload a logo/personalise with a message
  • Export your data (.csv format) for your accountant
  • and more

OpenMiracle – Open Source Accounting Software »

Open Source Accounting Software
OpenMiracle is an open source accounting software which is suitable for business of any scale and type. It includes all accounting, inventory, payroll features as that of any traditional, expensive, and proprietary software available.

Features:

  • It is easy to create new invoice within seconds.
  • Easy way for setting budget and analyzing the budget variance and can help you to track your core accounts. It offers standard budgeting and tracking features.
  • It do comes with salary settings, holiday settings, attendance, pay heads, designations, advance payment, salary voucher and pay slip options.
  • Various criteria of report search possible. It also provides reporting related to general accounting, inventory control,stock maintenance, sales, and purchases etc.
  • It aids in automatic preparation of efficient financial reports of business information’s like Trial Balance, Balance Sheet, Profit and Loss, Cash Flow, Fund flow etc.