25 Free and Open Source Accounting Software

There are a number of free and open source double-entry accounting systems available to cater to the needs of freelancers and small and medium-sized business owners. Below is a list 25 Free and open source accounting software that you might find useful.

1. GnuCash

GnuCash is an open source personal and small-business financial accounting software. It allows you track bank accounts, stocks, income and expenses.

Features

Double-Entry Accounting
Stock/Bond/Mutual Fund Accounts
Small-Business Accounting
Reports, Graphs
QIF/OFX/HBCI Import, Transaction Matching
Scheduled Transactions
Financial Calculations

Platforms: GNU/Linux, BSD, Solaris, Mac, Windows

2. jGnash

jGnash is a personal and business double-entry accounting software.

Features

Double Entry Accounting with reconciliation tools
Supports multiple currencies
Budgeting with multiple scenario options and export to spreadsheet capability
Investment Accounts and automatic import of Stocks, Bond, and Funds price history
Nestable accounts with automatic roll-up of totals
OFX (Open Financial Exchange), QFX (Quicken Financial Exchange), mt940, and QIF (Quicken Interchange Format) import capabilities
Reminders and automatic transaction entry and notifications
Intelligent handling of multiple currencies and exchange rates with automatic online exchange rate updates
Printable reports with PDF (Portable Document Format) and spreadsheet export capability
XML (Extensible Mark-up Language) and relational database file formats
Operates on any main-stream PC operating system

Platforms: Linux, BSD, Solaris, Mac, Windows

3. Grisbi

Grisbi is a personal financial management system that has been around for about 14 years. It comes with a reasonable set of home finance features.

Features

Accounting
Budget
Reports
Clean UI

Platforms: BSD, Linux, Mac, Windows

4. Money Manager Ex

Money Manager Ex is an easy to use money management application. It is a personal finance manager.

Features

Track your net worth
Income / expenses
Budgeting (monthly/yearly)
Track stocks/mutual fund investments grouping them in specific account
General reports created with SQL queries, LUA functions and HTML + JS frontend
More than 30 languages available
Import data from QIF and CSV (Comma-Separated Values) files. Export data to QIF, CSV and HTML
Includes all the basic features most users would want to see in a personal finance application

Platforms: Linux, Mac, Windows

5. TurboCASH Accounting

TurboCASH Accounting is a community developed, SME (Small & Medium-sized Enterprise) accounting package for single users, small networks and distributed networks. It accommodates developer scripts, local plug-ins and multi language translation. TurboCASH is available in 25 languages, covering over 80 different tax regimes.

Features

SME Accounting package
General Ledger
Debtors, Creditors, Stock

Platforms: Windows

6. PostBooks® ERP, accounting, CRM

xTuple PostBooks® ERP (Enterprise Resource Planning) / accounting / CRM (Customer Relationship Management) is a full-featured, fully-integrated business management system, the core of the award winning xTuple ERP Suite. PostBooks® is built to run in the cloud or on a local server. It provides power and flexibility for a range of businesses and industries of any size.

Features

Full accounting (general ledger, accounts receivable and payable, bank reconciliation, financial reporting)
Sales (quotes, order entry, sales reporting, shipping)
Integrated CRM (universal address book, incident management, opportunity management, to-do lists, project management, vendors)
Purchasing (purchase orders, receiving, vendor reporting)
Product Definition (items, infinite-level bills of material)
Inventory and Distribution (multiple locations, other advanced warehouse features)
Light Manufacturing (work orders, strong support for make-to-order)
Fully integrated OpenRPT report writer to customize reports, Qt Designer to customize screens
Rich REST API built with PostgreSQL database views, encapsulates all business logic and data integrity
Mobile Web application, fully integrated with classic Desktop client to manage business and enrich customer and prospect relationships from tablets or smart phones – on-the-go, any time, anywhere

Platforms: BSD, Windows, Mac, Linux

7. OpenBravo ERP

Openbravo ERP is a business management system that automates all of the core business processes for small and medium enterprises, putting them in full control over accounting and financial management, sales, purchasing, inventory management, master data and more. Openbravo ERP is released in a Community as well as a Professional version.

Features

Finance and accounting
Purchasing Management
Sales Management
Inventory Management
Project Management
Production Management
Point of Sale
Business Intelligence
And many other modules (see http://www.openbravo.com/modules-catalog)

8. osFinancials Accounting Software

osFinancials is a free accounting package (free for single user mode), easy to install, impressive database capabilities with Firebird as a database. It features easy to install Stock control and point of sales integration with good support and plug-ins. It also provides for integration with osCommerce and VTigerCRM. One can import from osCommerce, Virtue-mart, Magento, Zenchart etc.

Features

Full accounting software
Stock control
Cash register
Link to e-commerce solutions
Plug-ins that make business processing easier
Professional support online GMT +1 09.00 till 17.00 working days
Comprehensive Reports
Robust Access Control
Easy Bank Reconciliation
Internet and Network Capabilities
Point-of-Sale (POS)
Plug-in Software
Multi-lingual
Country Specific Accounts
Full Stock Control
XML Export and Import
T-Account Viewer
T-Ledger Viewer
Advanced Search Engine
Easy Backup/Restore
VAT/GST/TAX Accounting
osCommerce webshop plug-in
VTiger plug-in
Multi-user

Platforms: Windows, Mac

9. KMyMoney

KMyMoney is the Personal Finance Manager for KDE desktop environment, it is very easy to use. It operates similar to Quicken, supports various account types, categorisation of expenses, multiple currencies, online banking support via QIF, OFX and HBCI, budgeting and a rich set of reports.

Features

Double entry accounting
Easy to use personal finance manager, especially for the non-technical user
Online transaction download (HBCI and OFX)
Lots of predefined reports / charts
QIF importer to get historic data into KMyMoney
160+ pages user documentation

Platforms: BSD, Linux, Window, Mac

10. PhreeBooks Accounting

PhreeBooks Accounting is a web-based open source ERP (Enterprise Resource Planning) / accounting application for the small business community. PhreeBooks platform is browser independent and easily translated into many languages.

Features

Management of inventory (labour, stock and assemblies)
Customer/vendor accounts
POS
Interface to e-commerce
Multi-user level security
Standard/Custom reports
Full Featured Web Based (ERP) Accounting
Multiple Language, Users with Individual Security Settings
Runs on Windows/Mac/Linux, PHP and MySQL
Multiple Currencies and Multiple Branch Support
Interfaces to E-Commerce, Payment Gateways
Modular Architecture for Customization
Inventory Management including Assemblies
Project Tracking by Tasks and Cost Codes
Integration with FedEx for Shipping Cost Estimates and Label Generation
Powerful Report Tool for Customized PDF Reports or Downloadable Data

Platform: Linux, Mac, Windows, Web

11. FrontAccounting

FrontAccounting is a popular, free and web-based accounting system, released under the GNU General Public License. FrontAccounting is a simple, but powerful, system for the entire ERP chain.

Features

General Ledger with Budget
Purchase Orders / Sales Orders
Goods Receivable Notes
Supplier Invoices/Credit Notes
Customer Invoices/Credit Notes
Payments / Deposits
Allocations
Accounts Payable / Accounts Receivable
Items and Inventory
Stock
Manufacturing
Dimensions
Multi-Language and Currency
Several Companies

Platform: Linux, Mac, Windows, Web

12. webERP Accounting & Business Management

webERP is a complete web-based accounting and business management system that requires only a web-browser and PDF reader to use. It has a wide range of features suitable for many businesses particularly businesses in wholesale, distribution and manufacturing. When combined with a 3rd party interactive desktop Point-of-Sale system it can also form the hub of a dispersed multi-branch retail management system. A fully integrated webSHOP is also available as a 3rd party add-on. webERP is as an open-source application and is available as a free download to use with all the PHP code written in an accessible way for you to add your own features as needed.

Features

Sales Orders
Accounts Receivable
Purchase Orders
Accounts Payable
General Ledger
Contract Costing
Shipment Costing
MRP (Material Requirements Planning)
Multi-Currency – auto updated exchange rates
Standard Costing
Weighted Average Costing
Multi-Inventory Location
Multiple Invoice Taxes
Serial Numbered Inventory and Lot Tracking
Fixed Asset Register
Manufacturing
Multi-level Bills of Material
Ghost Bills
Kitsets and Assemblies
Expense Claims
Sales Analysis
Multi-Language – utf8 support
PDF reports
Readable PHP code so allowing business people to understand scripts
Low foot-print, fast, simple code

Platforms: Linux, Windows, Mac

13. JFire

JFire is a free trading platform including ERP, CRM, and accounting. JFire’s comprehensive, free and powerful open-source ERP solution comes with a high degree of flexibility. The system has a wide range of ready-to-use features for trading and billing, business analysis, issue tracking, customer relationship management (CRM) and many more.

Features

Enterprise Resource Planning
Customer Relationship Management
Sales Management
Purchasing Management
Issue Tracking
Inventory Management
Finance and accounting

Platforms: Linux, Window, Mac

14. ARIA

ARIA (Accounting, Receiving and Inventory Administration) is a web-based accounting and inventory management, GPL (General Public License) software based off the NOLA project. ARIA’s aim is to be platform and browser independent with multi-language support.

Features

Accounting
Receiving and Inventory Management
Payroll
Cash flow control
ERP

Platforms: Linux, Windows, Mac

15. Simple Accounting System

Simple Accounts is a financial accounting system package developed in open source PHP, MySQL projects. The objective of the project is to host the accounting package on the web and maintain day to day financial transactions and produce financial reports for individuals, sole proprietorship companies, small and medium sized companies.

This system works in the Client Server Model. Apache, PHP, MySQL should already be installed and the downloaded zip must be installed into the Document Root directory.

Features

Write Journal Entries.
View Ledgers or accounts details.
Generate and view Trail Balance
Generate and view Balance Sheet
Enter Cash transactions
Record expenses and receipts under relevant accounts / group head
Record Sales transactions
Enter Purchase transactions

Platform: Web

16. Simple Accounting

Simple Accounting is suitable for the Sole Traders or very small businesses.

Features

Manage Customers
Manage Products
Create Orders & Invoices
Import Banking Data
VAT Analysis
Record receipts including scanning to database
Reconcile expenses to Bank Data
Branded Product Labels
Create Branded Product Labels
Branded Order, Invoice & Label with your own corporate logo etc
Bank Statement Import & Reconciliation
All Data accessible – click of a button export to Excel

Platforms:

17. LedgerSMB

The LedgerSMB project brings ERP /accounting software to small and medium-sized businesses. LedgerSMB is an ERP, featuring accounting (including AR, AP, and GL), quotation and order management, and more, for businesses with small to medium transaction volumes.

Features

General Ledger (GL)
Invoicing/AR(Accounts receivable) /AP (Accounts payable)
Recurring Transactions
Inventory Tracking
Financial Reports
Point-of-Sale
Project Accounting
Time Tracking
Budgeting
Multiple Currencies

Platforms: BSD, Linux, Mac, Solaris, Windows

18. Lazy8 Ledger

Lazy8 Ledger is an open source, professional double-entry accounting ledger with advanced reporting and analysis. It is streamlined for very easy installation with a simple, friendly and intuitive user interface. It is free for both personal and commercial use. This accounting program is designed for people who have experience in bookkeeping.

Features

Double entry accounting
Multi-company – you can do bookkeeping for as many different companies as you want
Reporting
Graphs that show visual representations the business’ money and cash flow
General Ledger
Chart of accounts – you may enter your own chart of accounts and break out each account into different categories for project or customer
100% Unicode compatible
Operating system independent – Written in Java which means that any operating system that can run Sun’s Java 1.4, can run this program – that means most operating systems
Reports (Balance/result report, Transaction report, Account summary report, Chart of accounts report, Customer/project report, EU BAS 2003 Result report, EU BAS 2003 Balance report, EU BAS 2003 VAT report, Tools to make your own report definitions and a SQL report generator)
Financial analysis (Bar charts, 3D bar charts, line graphs, pie charts / Show trends in any single account – daily, weekly, bi-weekly, monthly, bi-monthly, quarterly, bi-annually, annually / Accounts may be grouped together in any combination in the trend graphs / Predefined groups for trends – profit, assets, debts, incomes, expenses /Several periods may be compared. For example, last years profit may be compared to this years profit per month in a bar chart
Import/Export – Compatibility with other accounting systems

Platforms: Linux, Windows, Mac

19. APAC Accounting and Business Management

This is the APAC Accounting and Business Management project. APAC Accounting and Business Management is an open source software that will let you perform Accounting, Billing and Point-Of-Sale tasks. It is free for both personal and commercial use.

Features

Point-of-sale
Invoicing
Job Costing
Production
Orders
Quotations
Inventory (Stock)
Accounts Receivable (Debtors)
Accounts Payable (Creditors)
General Ledger
Management Reports, Reconciliation

Platform: Windows

20. Account Manager

Account Manager is a free accounting software for small business. It handles multiple accounts and users.

Features

General ledger
Cash management
Bank reconciliation
Expense claims
Accounts receivable and Accounts payable
Estimates and quotes
Purchase orders
Billing and invoicing
Credit notes / Delivery notes / Sales orders
Stock and inventory
Time and service billing
Asset register and depreciation
Capital accounts Profit and loss statement Balance sheet
Multi-currency Custom fields Customisable invoices
Chart of accounts
Journal entries
Aged receivables / Aged payables
Customer statements / Remittance advices
Comparative reporting
Project-based accounting
Import bank statements
Recurring billing
Cash-basis accounting / Accrual-basis accounting
Departmental accounting Payroll Manufacturing
Email templates
Drill down reports
Email tracking

Platforms: Linux, Windows, Mac

21. Professional Practice Open Accounting

Open Accounting is a time, job, and expense billing system. It is well suited for professionals in private practice such as consultants, diagnosticians, and lawyers (among others) and some non-profit organisations that do not maintain inventory. The software can handle accounts for multiple customers doing business with multiple organisations.

The software is provided free of charge for commercial use under the GNU General Public License. However since the software is written in Microsoft Access, the run time engine is not open source.

Features

Automated periodic retainer or pledge billing.
Bills for time by the hour with manual override or by the job.
Separate categories for billing expenses.
Generates statements for any period using a start and stop date.
Account balance report shows all balances or only outstanding receivables.

Platform: Windows

22. Turquaz Financial Accounting

Turquaz Financial Accounting is a complete double-entry finance solution targeting small and medium-sized enterprises.

Features

Inventory Management
Accounts receivable/accounts payable
General ledger
Journal
Multi currency
Advanced report and analysis

Platform: BSD, Linux,Windows

23. CK-ERP

CK-ERP is an open source accounting / educational / MRP / ERP / CRM system that runs on top of multiple middlewares. It is suitable for SMEs and comprises 32 modules.

Features

Contact Management
Customer Relationship Management
Customer Self Service
Vendor Relationship Management
Material Requirement Planning
Warehouse
Inventory
Service
Accounting Ledger
Bank Reconciliation
Accounts Payable
Accounts Receivable
Purchase Order
Sales Order
Quotation
POS for Cashier / Manager
Human Resources
Staff Self Service
Payroll
Administration
Internationalization
Access Control
Data Import
Teacher
Counsellor
Student
Applicant
Family
Registrar
Education Administration
Volunteer Management

Platforms: BSD, Linux

24. Dolibarr ERP – CRM

Dolibarr ERP – CRM is an open web software to manage small to mid-sized businesses, foundations or freelancers. It includes inventory, warehouse, order, invoice, shipment, POS, members for foundations, bank accounts. Dolibarr is also available with auto-installers for users with no technical knowledge to install Dolibarr and all its prerequisites (Apache, Mysql, PHP) with just one package.

Features

Contacts, customers and suppliers management
Products management
Invoices management
Orders management
Contracts management
Agenda
Foundations management module
Point of sale
Project management and Gantt charts
Bank account management and reconciliation
Ledger
Stock management
Mass emailing
Management of employees leave requests
LDAP integration
Links to e-commerce
Import/Export wizards
A lot of other external modules (technical interfaces or business features)
Installer for Windows, Debian/Ubuntu, Fedora/Redhat/OpenSuse or online Server
Also available from Cloud suppliers: saas.dolibarr.org

Platforms: Windows, Debian/Ubuntu, Fedora/Redhat/OpenSuse / Windows, Mint, Mandriva, Mageia, Web

25. iceB

iceB is a personal and corporate financial accounting software that can manage multiple accounts, multiple bases, and multiple users. It manages third parties, expenditures, and receipts categories, and also budgetary lines, financial years, and more.

Features

GUI (GTK2+) and Console interface for Linux and Windows
Accounting (bookkeeping) system
Keep and make documents a new feature
Linux (source, .deb), Windows 7 (MSI) support and installations
Multi-platform (support work in Windows with GUI and console-terminal interface)
Support and integration from developer
Multi-bases (enterprises)
Good documentation and ini-files
Supports Ukrainian and Russian interfaces
Database in MySQL any versions