The platform is an invoice management solution, above all else - and that can be a benefit or drawback in its own right, depending on what you need. The program boasts a user base of over 2 million subscribers and has a suite of capabilities that cover invoicing, time-tracking, reporting, and payment needs - among others. CloudBooks: Best for Freelancers and Small Businessesīest for Freelancers and Small BusinessesĬloudBooks is a free accounting and invoicing solution tailored to accommodate small businesses and freelancers. Interface isn't particularly accessible or visually appealingĤ.Installation is less straightforward than most other platforms.Can handle internationalized dates and currencies.Works on a variety of operating systems.Budget management tools can help plan financial strategy.Double-entry feature ensures books balance.It's better suited for sole proprietors who need a program to get them through their day-to-day. That said, it's not much of a long-term solution for businesses anticipating a lot of growth. But if you're willing to tough out its tricky installation and don't need your accounting solution to be particularly pretty, you're left with a solid application that covers a lot of bases for free. GnuCash's initial setup and somewhat dated-looking interface might turn a lot of potential users off. It offers double-entry accounting resources, a checkbook-style register, scheduled transactions, and customizable visual reporting. GnuCash is a free, open-source accounting solution that can be downloaded for Linux, Windows, and Mac OS X. Only allows you to connect one bank account.
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