Best Free Accounting Software of 2025

Create and send professional invoices to your customers in seconds. Every invoice paid means more revenue coming into your business. Prices do not include applicable tax. Approval to use online payments is subject to eligibility criteria, including identity verification and credit review. Spend time on the parts of your business you actually like. Get insights into your business’s performance with our handy graphs, charts, and smart dashboard—no number-crunching or accounting degree needed.

Payments

For example, invoice details can be added to a spreadsheet or Notion database. For example, when an invoice is created in Wave Accounting, this can trigger the Zap. Wave Accounting integrates with several applications that can enhance its functionality and streamline your workflow. If you’re using the free plan, you can only access self-service help. After this, you will have access to the web version of the software. This involves describing your business (e.g., name, location, industry, and number of employees).

Do I need accounting software for my small business?

Zoho Invoice’s automatic invoicing, simple customer portal, and multi-currency fifo vs lifo support are just right for freelancers who want basic accounting with stand-out customer collaboration tools. At $15 a month, QuickBooks Self-Employed is a cheaper financial management option. If you work on the go, QuickBooks’s app, which includes mobile mileage tracking, might make it a good fit.

If you want a free small-business accounting solution with nearly as many features as the best paid software, we recommend Zoho Invoice. Instead, it’s primarily an invoicing, mileage-tracking, and tax-tracking plan. It’s one of our top accounting software picks for small-business owners, and for good reason. If you want more extensive accounting features, Zoho Books has a free plan for businesses with under $50K USD in annual revenue. When ranking the best free accounting software, we considered ‌these factors to help you find the best software for your business. To determine the best free accounting software, we looked at a variety of factors, including features, customer reviews and value.

Best for Invoicing

• You don’t need to be an accountant to keep your books organized, accurate, and ready for tax time.
• But if you’re fine with basic invoicing and transactions, it’s honestly hard to beat Zoho Invoice.
• If you’re having trouble narrowing down your free bookkeeping options, enter some basic information about your business’s accounting needs.
• Since BlueCamroo has a time tracker, you can also generate a Wave invoice based on the billable hours.
• We also looked at customer reviews to see what users are saying about the software.

I would strongly advise you to start with the Starter plan and once you are happy with the platform, you can upgrade to the Pro plan. The bookkeeping support provides you with a professional (based in North America) who handles your accounting needs. Wave Accounting has a service where you get personalized bookkeeping service support and accounting coaching from in-house experts. You can process all the payments with a single click, which saves time and reduces manual errors. With the scanner built into the mobile app, you can easily scan up to 10 receipts at a time using OCR technology. Once they click it and pay, the funds will appear in your account in 1-2 business days.

Wave Accounting free accounting software is best for businesses that want an easy-to-use accounting software. TrulySmall free accounting software is best for freelancers who need basic accounting features. If you’re a freelancer, you ocean city md wine bar and bistro restaurant liquid assets may not need all the features that come with more comprehensive free accounting software.

Who Should Use Wave Accounting?

With Wave Accounting, you can accept payments online via bank deposit, credit card (Visa, Mastercard, and American Express), and Apple Pay. Furthermore, the software automates sending invoice reminders to customers if they have overdue invoices. You can send as many invoices as you like, and if you’re using the Pro Plan, you can schedule them to simplify recurring payments from repeat customers. Wave, headquartered in Toronto, Canada, launched the accounting software in 2010.

You didn’t start your business tobe a bookkeeper

• Start for free, or learn about our Pro Plan features below.
• To determine the best free accounting software, we looked at a variety of factors, including features, customer reviews and value.
• This involves describing your business (e.g., name, location, industry, and number of employees).
• Furthermore, this provides another way to track expenses and stay on top of your taxes.
• Wave Accounting free accounting software is best for businesses that want an easy-to-use accounting software.

Key features that make Wave Accounting popular among users are listed below. We evaluated essential features and calculated a combined overall rating for each. Geekflare tested the core features of Wave Accounting through hands-on subscriptions. I’ll review Wave in this article and share my experience incremental analysis definition to help you decide if it is a good fit for your business. It is suitable for small businesses, freelancers, consultants, contractors, and startups.

Manage your money like a boss

This robust feature can automatically pay and file taxes in select states, including California, New York, Arizona, Texas, and Washington. Furthermore, this provides another way to track expenses and stay on top of your taxes. The receipts are stored on the cloud, which gives you peace of mind since they’re safe and can be accessed anytime. Wave allows you to import transactional data from your bank account or credit card. You can even edit it manually by adding and removing accounts to suit your business needs.

It also allows users to accept online payments and easily manage payroll and taxes without having specialized knowledge. Our in-house bookkeepers, tax professionals, and accounting coaches will keep you headed in the right direction during the year and compliant at tax time. With Wave’s Pro Plan, you can set up bank account connections and add real-time transaction updates to keep your business running smoothly. As your business grows, you can upgrade your plan and add more features as you need them.

However, if you need to accept internationally and need more payments methods, then Stripe is a no-brainer. Credit card processing fees under the Pro plan are cheaper than Stripe. Wave Payments fees depend on transaction payment methods and your subscription plan. Accounting coaching, on the other hand, ensures you have the knowledge you need to use Wave Accounting to manage your books with confidence.

Wave’s smart dashboard organizes your income, expenses, payments, and invoices. Button-up your bookkeeping to make tax time suck less. Check out our piece on the best free payroll software for small-business owners.

Built for small business owners like you

Wave’s dashboard organizes your income, expenses, accounting records, payments, and invoices, all in one place. Wave’s invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes. You’ll need to answer a few questions about your business and provide us with a little more information about yourself in order to get approved to accept online payments. Wave’s smart dashboard efficiently organizes your income, expenses, payments, and invoices for fast and accurate tax preparation.

Insights by Wave: Get paid faster with automatic payments

This makes it a good choice if your business relies heavily on invoicing for revenue. Expert help, invoicing, maximize tax deductions, track mileage Accounting software is a great way to manage your finances if you’re a small business owner, freelancer or contract worker. Recognized for its exceptional value and efficiency, Wave Accounting receives the Geekflare Value Award for making financial management accessible and simple for its users. Wave accounting is not for businesses with complex needs, such as high-volume transactions and multiple currencies.

And with Wave’s Pro Plan, set up automated reminders and recurring invoices to reduce heavy lifting. ‍2 Rates are 1% for bank payments (minimum fee of $1). With the Pro Plan you can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Set up late payment reminders to automatically email your customers when payment is due (with Wave’s online payments feature or the Pro Plan). Your invoicing and payment information are connected to Wave’s accounting feature, helping you stay organized.

Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. Wave’s invoicing software saves you time, gets you paid, and makes managing customer information easier. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button. “Great app for writing estimates and invoices. Fire off estimates and invoices, snap receipts, and track expenses—even on-the-go—with Wave’s simple money management solutions for contractors.