Managing finances efficiently is a priority for businesses, freelancers, and startups. Nearly 60% of small and medium-sized businesses struggle with cash flow. They struggle to make the right accounting software a valuable tool for keeping expenses, invoices, and financial reports organized.
Free and budget-friendly options like QuickBooks, FreshBooks, Wave, MYOB, FreeAgent, Bill.com, Zoho Books, Sage Accounting (Sage One), Accounting Seed, and Pilot offer solutions to streamline financial tracking without stretching budgets.
After working with different accounting platforms over the years, I understand how challenging it can be to pick one that fits both business needs and affordability.
This guide covers the top 10 free accounting software choices for 2025, breaking down their features, limitations, and ideal users. Whether you’re looking for basic invoicing or automated bookkeeping, there’s an option suited to your requirements.
Let’s review the best free accounting software available this year and discuss how each one can simplify financial management.
Top 10 Accounting Software for Free
Many businesses find managing finances challenging. Free accounting software helps track expenses, generate invoices, and manage cash flow without extra costs. This guide lists the top free options for 2025 to help businesses stay organized.
1. Quickbooks
QuickBooks is a comprehensive accounting software package designed for small and medium businesses. It offers a wide range of features, including:
- Tracking sales and expenses
- Managing inventory
- Creating financial reports
- Ability to track sales & expenses
- Financial reporting
Quickbooks starts at $12.50/month and is available on every platform (Android, iOS, Windows, and Mac). To learn more about this accounting software and its features, click here. Learn about the QuickBooks pricing.
Quickbooks: Spot Score= 9.8/10
2. Freshbooks
Freshbooks is an accounting software that helps small businesses and freelancers manage their finances. It is simple to use and has many features that make it an attractive option for those in need of financial assistance and expense management.
Some of the features of Freshbooks include:
- The ability to track expenses and invoices
- A streamlined payment process
- The ability to create and send invoices
- A mobile app for on-the-go accounting
- Integration with other business software
Freshbooks starts at $4.50/month with 5 billable clients. It’s available on the Web, Android Play Store, and Apple App Store. It’s best suited for Freelancers and small and medium Businesses. Get to know about the Freshbooks pricing section.
To learn all about this accounting software and the features that it offers, click here.
Freshbooks: Spot Score= 9.6/10
3. Wave
Wave accounting software is designed to save small businesses time and money. Wave offers features such as invoicing, accounting, and receipt tracking, all in one place.
However, Wave software is free to use and has no monthly fees. Wave also offers integrations with popular business apps so small businesses can manage all their finances in one place.
Wave Accounting is 100% FREE to use and is best suited for invoice management for freelancers and small businesses. Wave pricing details are accessible to all.
To learn more about this accounting software and its features, click here.
Wave: Spot Score= 9.6/10
4. MYOB
MYOB is a comprehensive accounting software that helps businesses manage their finances and comply with tax regulations.
It offers a wide range of features, including invoicing, tracking inventory, financial analysis, managing payroll, and preparing tax returns.
Most importantly, MYOB is easy to use and offers a wide range of support and training resources with detailed reports. It is a popular choice for small businesses and is used by many accountants and bookkeepers.
Do you want to know the MYOB pricing plans? MYOB starts at $5.50/month, which provides basic features for small business owners’ needs. The plan goes up to $70/month for premium users.
To learn all about this accounting software and the features that it offers, click here.
MYOB: Spot Score= 9.3/10
5. FreeAgent
FreeAgent is an online accounting software designed specifically for small businesses and freelancers. It is a cloud-based solution that offers a wide range of features, including invoicing, expense tracking, time tracking, and project management.
Also, FreeAgent provides real-time insights into your business plan and finances. So you can make informed decisions about where to allocate your resources.
The plan for a limited company starts from £14.50+ VAT for the first six months and goes to £29.00+ VAT after six months. Other plans are available for Partnerships, LLPs, and Solo traders.
There is a 30-day free trial available as well. To learn more about the pricing of a free agent, click FREE AGENT PRICING. To learn all about this accounting software and the features that it offers, click here.
FreeAgent: Spot Score= 9.2/10
6. Bill.com
Bill.com accounting software is a cloud-based solution that helps businesses manage their finances more efficiently. It offers various features that can streamline accounting processes and improve financial visibility.
Some of the key features of Bill.com are:
- Online bill payments
- Invoicing
- Vendor management
- Expense management
- Financial reporting
With these tools, businesses can save time and money by automating their accounting processes.
Bill.com pricing starts at $45/user/month with six user roles, and the Team pricing is $55/user/month. Know more about Bill.com Pricing.
To learn all about this accounting software and the features that it offers, click here.
Bill.com: Spot Score= 9.2/10
7. Zoho Books
Zoho accounting software is feature-rich and offers a wide range of features to its users. Some of the key features of the software include:
- Online invoicing
- Bill payments
- Bank reconciliation
- Financial reporting
- Tax management
The software also comes with a mobile app that allows users to access their accounts on the go. Zoho accounting software is a great choice for small businesses and startups that need a comprehensive and easy-to-use accounting solution.
Zoho Books is available for Free. The paid plans start at $12/month and go up to 3 users, which goes up to $249/month (15 users) in the Ultimate Plan. You have add-ons available for Adding additional users, Branches, Snail Mails, and advanced Auto scans.
Know more about ZOHO pricing.
To learn all about this accounting software and the features that it offers, click here.
Zoho Books: Spot Score= 9.2/10
8. Sage Accounting(Sage One)
Sage One accounting software is a cloud-based accounting solution that offers a range of features to small businesses and startups. The software includes a simple, intuitive interface that makes it easy to track finances and manage accounting tasks.
However, Sage One also offers a range of powerful features, including invoicing, expense tracking, and financial reporting. It is available in a range of subscription plans, making it a flexible and affordable solution for small businesses.
Sage accounting starts at $10/month. Its basic functionality includes creating and sending invoices and automatic bank reconciliation.
It only supports one user, whereas the advance plan costs $25/month and has Basic plan features plus the ability to send quotations, forecast cash flow, manage purchase invoices, and support unlimited users.
Know more – Sage Accounting Pricing
To learn all about this accounting software and the features that it offers, click here.
Sage Accounting(Sage One): Spot Score= 9.1/10
9. Accounting Seed
Accounting Seed is a cloud-based accounting software that offers a suite of features to help businesses manage their finances. The software includes tools for invoicing, bookkeeping, expense tracking, and financial reporting.
It also offers integration with popular business applications, such as QuickBooks and Salesforce. Accounting Seed is a scalable solution that can be customized to meet the needs of businesses of all sizes.
Accounting Seed gives custom pricing to each organization.
To learn all about this accounting software and the features that it offers, click here.
Accounting Seed: Spot Score= 9.0/10
10. Pilot
Pilot accounting software is a comprehensive and easy-to-use accounting solution that helps businesses streamline their financial operations. The software includes features such as:
- Double-entry bookkeeping
- Invoicing
- Accounts receivable and payable
- Bank reconciliation
- Financial reporting
Pilot accounting software also offers a wide range of customization options to suit the specific needs of businesses.
Pricing starts at $599/month, which includes a dedicated finance expert, accrual-based bookkeeping, and Books of accounts. It also offers custom pricing for large organizations.
To know more about pricing click – Pilot Pricing
To learn all about this accounting software and the features that it offers, click here.
Pilot: Spot Score= 9.8/10
Every business needs different kinds of software. On top of that, there are hundreds of SaaS platforms and SaaS products. So, how do companies choose the right product for them?
SpotSaas helps businesses compare software with each other so that users can have a hassle-free experience while choosing the right software. This allows businesses to save the valuable resources otherwise wasted on research and decision-making.
So, start your search for leading accounting software for FREE with SpotSaaS.
Quick Overview of Top 10 Free Accounting Software
| Software Name | SpotSaaS Score | Rating | Free Trial | Pricing |
| Quickbooks | 9.8/10 | 4.5/5 | Yes | $25-$150 |
| Freshbooks | 9.6/10 | 4/5 | Yes | $4-$15 and custom pricing |
| Wave | 9.6/10 | 3.5/5 | Freemium | Free |
| MYOB | 9.3/10 | 4.5/5 | Yes | $13-$75 |
| FreeAgent | 9.2/10 | 4.5/5 | Yes | £9.50- £14.50 |
| Bill.com | 9.2/10 | 4/5 | Yes | $29-$79 |
| Zoho Books | 9.2/10 | 4.5/5 | Yes | $20-$70 |
| Sage Accounting(Sage One) | 9.1/10 | 4.5/5 | Yes | $10-$25 |
| Accounting Seed | 9.0/10 | 4.5/5 | No | Quotation based |
| Pilot | 9.8/10 | 4.5/5 | No | Quotation based |
FAQ On Accounting Software for Free
1. What is the most effective & best free accounting software for small businesses?
Several free tools provide invoicing, expense tracking, and financial reports. Wave, Zoho Books (free plan), and QuickBooks Free Trial are widely used by small businesses looking to manage their finances without extra costs.
2. Can free accounting software handle tax calculations?
Some free platforms offer basic tax-related features, but advanced tax filing options are often available only in paid plans.
Wave and Zoho Books provide tax summaries, while QuickBooks and FreshBooks offer more detailed reports for users who upgrade.
3. Does free accounting software allow multiple users?
Most free plans are designed for single users or small teams. Wave offers unlimited collaborators, while Zoho Books Free Plan supports only one user. Expanding access usually requires a paid upgrade.
4. Is free accounting software secure?
Trusted accounting software providers use encryption and other security measures to protect financial data. Wave, Zoho Books, and Sage Accounting (Sage One) follow security protocols to keep data safe.
Checking the provider’s security policy helps in making an informed decision.
5. What are the common limitations of free accounting software?
Free versions often restrict invoices, integrations, and storage capacity. Wave provides many features at no cost but lacks automation. Zoho Books Free Plan has usage limits, requiring an upgrade as businesses expand.
6. Can free accounting software connect with payment gateways?
Many free tools offer payment processing but may apply transaction fees.
Wave supports Stripe and PayPal, and Zoho Books integrates with several payment providers in its free plan. Paid options typically provide more flexibility.
Conclusion
Selecting the right accounting software helps businesses and freelancers stay on top of their financial records without extra expenses.
The options covered—QuickBooks, FreshBooks, Wave, MYOB, FreeAgent, Bill.com, Zoho Books, Sage Accounting (Sage One), Accounting Seed, and Pilot. All these renowned software offers features like invoicing, expense tracking, and automation.
Whether managing a small operation or a growing company, choosing a platform that fits your workflow can simplify financial tasks. Explore these free tools to keep your accounting organized and efficient.
Read More Blogs By SpotSaaS
Video Conferencing software Showdown – Zoom V/S BlueJeans Meetings
Livestorm- Growth Story Since 2016
