Every business – large or small – needs to keep track of how money comes and goes.
There are numerous free and low-cost accounting software programs for small- or medium-sized enterprises and solopreneurs that simplify accounting tasks, generate reports and provide tools that help you use your financial data.
Intuit QuickBooks is a popular accounting, bookkeeping and payroll program designed for small businesses. QuickBooks is available in several editions. The Pro edition includes management tools such as a Vehicle Mileage Tracker and a Cash Flow Projector.
The free Simple Start version keeps data organized, tracks sales and expenses for up to 20 customers, creates invoices, pays bills and prints checks. Simple Start tracks tax-related income and expenses, and generates essential reports on sales, expenses, profits and losses. It comes with step-by-step tutorials and 30 days of free email support, and it interfaces easily with Excel. Your data transfers easily to other versions when you are ready to upgrade.
Simply Accounting by Sage offers First Step, Pro, Premium, Enterprise and Accountants editions. Professional versions can track customers and suppliers, manage inventory, prepare invoices and process payroll. The First Step version is designed for start-up, small and home-based businesses and can perform simple entry-level accounting tasks such as preparing invoices, paying bills, and tracking revenue and expenses. The Simply Accounting First Step free trial version is available to download and use for 60 days. Simply Accounting First Step Express is another downloadable version available free to Canadian users.
A key feature of Microsoft Office Small Business Accounting is its tight integration with MSOffice applications such as Excel, MSMoney and Outlook’s Business Contact Manager.
Office Accounting Professional has a slate of add-on features that can create purchase orders, track inventory, assess finance charges, support foreign currencies, do payroll and manage fixed assets.
The basic version called Office Accounting Express is free. It has the look and feel of familiar Microsoft Office products and can create quotes and invoices, write checks, track expenses and reconcile online bank accounts. A start-up wizard and step-by-step instructions get you up and running quickly. Office Accounting Express 2009 is designed for U.S.- and U.K.-based small businesses and does not support local requirements beyond these two countries. Both the free version and the Pro version offer bilingual English and Spanish interfaces.
NolaPro v4.0 is a free web-based business management and accounting suite. It includes all standard accounting modules as well as order entry, inventory tracking, payroll services, and plug-ins such as point-of-sale, a business-to-business web portal and an e-commerce shopping cart. It has a flexible interface with customizable options for colors, icon sets, and menu displays. NolaPro allows multiple sets of books and unlimited simultaneous users, and it has no data restrictions and no license expiration. It features a high level of security for regulating user permissions by module area.
Optional fee-based add-ons include training, live 24/7 support, technical consulting, financial auditing and on-demand hosting. NolaPro includes international features such as VAT support, a built-in language translator and currency symbol/decimal options.