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Free accounting software is available that may very well meet all of you accounting needs! Be sure that any products used for business purposes will create suitable audit trails to help avoid trying to recreate data at a later date. Also make sure that any accounting software used whether free or paid, will meet all of your needs both today and in the near future to avoid having to go through a possibly cumbersome upgrade down the road.

Free Accounting Software 2.0 One very popular free downloadable accounting product is Free Accounting Software 2.0 from Systems Online. Even though this Windows based program is free, it is still a complete multiuser, multicompany, and multibranch accounting, inventory, and customer management solution for business. Free Accounting includes: physical and non-physical inventory, invoicing, customers, contacts, vendors, inventory, sales, sales returns and credit memos, quotes, purchasing, and purchase returns. Furthermore it can handle complete AR and AP with all accounting functions and journals including general journal, inventory control journal, checkbooks, and bank reconciliation and deposits. This new version is a major upgrade with many valuable features including FIFO/LIFO and Average cost accounting! (To keep this product free you will be required to link to them on your web site. Otherwise you will be required to pay a small fee.)

Microsoft Office Accounting Express 2007 Another exciting product is Microsoft Office Accounting Express 2007. Microsoft promotes this new free product as, “Everything you need to make your small business idea flourish. Microsoft Office Accounting 2007 is available in the U.S. only, as a free download or on a CD. An advantage to this product is that if your small business out grows the Express Version you can easily upgrade to the paid Professional Version.

As there are free products, there are scams also. There are some not so honest sites which advertise that they are providing free accounting software for you to download. You simply need to fill up a registration form, state your personal information and blurt out your credit card number. Take guard against such sites. In fact, a legitimate free site would not ask for such information from you.

It is always better to go for a trail version, when you are considering to download a free accounting software. It is a great way to see whether it meets all your accounting needs or not. The best thing is that you do not have to commit anything. If you think, it is not great for your business, simply discard it and go for another demo version until you find the right one.

Look for the best functionalities. Who says you can’t have the best features of accounting software if you don’t pay for it? Free software developers are competing for your attention, too, and they add in extra functionalities to make you download their programs instead of the others. Browse around for special features such as instant report generators, easy hookup with common accounting programs, and even multiple language platforms. You just might get these and more without paying a cent.

Last 5 posts by Raymond Lam

• A Closer Look At Business Accounting Software - October 7th, 2008
• Analyze Your Needs Before Purchasing Accounting Software - September 20th, 2008
• Business Tax Accounting Software - September 3rd, 2008
• Manufacturing Accounting Software - August 25th, 2008
• Before You Buy Your Office Accounting Software - August 20th, 2008

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