Software for Enterprise

List of free and open source Accounting software (Part 1)

For small business and personal use. Not very rich in functionalities. Open-source software literally means that the source code of the program is open to programmers, unlike traditional commercial closed-source software.

In this article, we will be looking at professional Accounting software specifically and will highlight some of the popular open-source products on the market today, their functionalities as well as the systems they run on. Please note that an accounting system may include impressive functionalities, but it is also important to consider whether the business owner would be able to use it when comparing the functionalities of various options.

Other considerations when comparing free open source accounting software are the speed of the program, how many users can use it at the same time, if the program allows for multiple companies, departments, or cost-centers (where this is important), whether the program is considered relatively bug free and whether it is web-based or not.

If you consider implementing one of these software solutions, please check first which other software in your organization would need to be imported into this program and confirm whether such imports would be possible with the desired accounting software solution. For seamless integration,  Try Sage50 Cloud for FREE – Online accounting software for small businesses.

Usually, with free open source Accounting software, the software provider will make his profits by providing professional training, consultation, or manuals for the software at a fee. Some even receive donations.

Here follows a list of free open source Accounting software that could be used in a business:

Modules Included
Accounting Yes
Invoice Yes
Lending Yes
Payments Yes
Payroll Yes
Receipts Management Yes

Modules Included
General Ledger, Trial Balance Yes
Stock Control Yes
Debtors control, invoicing and statements Yes
Creditors control Yes
Reports Yes
Manufacturing No

Modules Included
General Ledger, Trial Balance Yes
Stock Control Yes
Debtors control, invoicing and statements Yes
Creditors control Yes
Reports Yes
Manufacturing No

Modules Included
General Ledger, Trial Balance Yes
Stock Control No
Debtors control, invoicing and statements No
Creditors control No
Reports Yes
Manufacturing No

Modules Included
General Ledger, Trial Balance Yes
Stock Control No
Debtors control, invoicing and statements No
Creditors control No
Reports No
Manufacturing No

Modules Included
General Ledger, Trial Balance Yes
Stock Control Yes
Debtors control, invoicing and statements Yes
Creditors control Yes
Reports Yes
Manufacturing Yes
Cashbook / Bank Reconciliation Yes

 

Also, do check out this post by Proper.ai on How to Close your Books like an expert property accountant.

Exit mobile version