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:

• Easy, free accounting software for your small business
• Hard-working payroll for your small business

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

• GnuCash is ideal for small businesses and is a desktop application for Linux, Windows and Mac OSX.
• Includes graphs and scheduled transactions.

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

• TurboCASH is a windows desktop application suitable for small businesses with more than 70,000 users.

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

• Before Lazy8 Ledger was only compatible with Sun-Java but now it will work with OpenJDK which is the standard Java in Linux distributions.
• Available for Mac, Windows, and Linux.

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

• For small business and personal use.
• Not very rich in functionalities yet.
• Runs on PHP.

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

• Rich in functionalities within the various accounting modules that is covered and can handle multi-currency, multi-department, and multi-company organization’s accounting.
• Includes graphs and provides for scheduled transactions. It is also web and email enabled and provides for full employee records.
• Runs on Windows.

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.