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8 Best Free Accounting Software in South Africa

Filed in Articles by on December 13, 2019

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8 Best Free Accounting Software in South Africa.

You will agree with me that any business, big or small, that doesn’t do proper accounting to ascertain the profit or loss of that business, such a business is prone to failing.

Thanks to technology that has made everything quite simple and stress-free. You don’t need to keep paper records or have large paper files. Instead, small business owners can simply use free accounting software to manage all aspects of their businesses in South Africa.

Free accounting software offers features that are not available in Microsoft Excel spreadsheets.  It does not require any cost which tends to lower the business profits.

8 Best Free Accounting Software in South Africa

If by any chance you consider going for any free Accounting software in South Africa, this article has provided a list of free accounting software available in South Africa for you to go for.

But before that, let us look at the criteria needed to meet for the best free accounting software. They are shown below:

Criteria for the Best Free Accounting Software

The best free accounting software South Africa for any business is one that meets the following criteria:

  • It is 100% free – The application should not cost the business person any amount of money.
  • The overall features are fantastic – Free accounting and billing software are reliable if it offers all the basic bookkeeping tasks such as paying bills, invoicing customers, and running reports.
  • Mobile accessibility – The online accounting software South Africa that a businessman selects should allow them the freedom to run business affairs using any device that has access to the Internet.
  • Ease of use – The chosen accounting software South Africa should be easy to navigate and use. An application that is hard to use is frustrating and may cause the user to make avoidable errors. Every small business owner should be able to use it, including those that have never attended accounting classes.

1. Wave

Wave

Wave is one of the best free accounting software downloads for small businesses because it offers all the basic bookkeeping features.

It is mostly suitable for freelancers and entrepreneurs who pay most of their bills online and track their income and expenses from multiple clients or businesses. The design is well-thought-out and quite easy to use.

The application is free, and users are not expected to upgrade to pay for plans when using it. It is important to note that Wave will charge you for processing payroll and accepting online payments.

The application permits the user (you) to manage expenses and income. Multiple users can access your data, and you can connect as many credit and bank cards as you want at no cost.

Other features of Wave are:

  • Generation of key financial statements
  • Access through mobile apps for both iOS and Android users

2. Zipbooks

Zipbooks

Zipbooks has a modern interface and a variety of features that make accounting easy for the user. There are different tiers, but the starter tier is the only free option.

In the starter package, the user gets unlimited bookkeeping. You can use PayPal and credit cards for monetary transactions.

The free option allows you to:

  • Manage your accounts receivable.
  • Manage your accounts payable.
  • Connect credit card and bank accounts – You are only authorized to connect one credit card or a bank account for each user. If you want to connect more, you have to upgrade to the paid-for packages.
  • Generate key fiscal statements.
  • Use the Zipbooks mobile application for iOS devices.

3. Money Manager EX

Money Manager EX

Money Manager EX is excellent because it is user-friendly and is very simple to use. The application is portable. You can save and use it from a USB stick without having to install it.

There is also a Money Manager EX mobile application that allows you to track your business records wherever you are. The features it provides are also impressive.

4. GnuCash

GnuCash

GnuCash is one of the top open-source accounting software that is 100% free. It offers simplicity, flexibility, and amazing features such as handling multiple currencies and some payroll features.

The application is available on Android, Linux, OpenBSD, Windows, GNU, and macOS devices. Some of the other features are managing accounts payable and receivable and managing employee expenses. You can download GnuCash and start using it right away.

5. TurboCASH

TurboCASH

TurboCASH is a software that has been in existence since April 1985. The developers are always on a mission to make it better for contemporary users. Today, the software can be used to manage both small and medium-sized enterprises.

It handles multiple users, multiple companies, value-added tax, creditors, and debtors. There is a paid option for those who wish to upgrade to access enhanced features such as running TurboCASH from the cloud and PDF reports. Download TurboCASH here.

6. SlickPie

SlickPie

SlickPie offers both free and paid-for options. In the free option, the application allows you a maximum of 10 companies. With SlickPie, you can manage all bills, generate financial reports, and generate customer invoices.

You can connect an unlimited number of bank accounts and credit cards. The software is compatible with android, iOS, and Windows.

7. XTuple PostBooks

XTuple PostBooks

XTuple PostBooks is the best option for businesses involving manufacturing and distribution. It allows you to manage sales, customers, accounting, suppliers, and inventory. There are paid-for versions that provide more advanced features. Some of the features in the free plan are;

  • Managing accounts payable and accounts receivable
  • Connecting your bank accounts and credit cards
  • Generating financial statements

8. Akaunting

Akaunting

Akaunting is an easy-to-use software that permits many users to monitor their incomes and expenses in order to generate reports and create invoices. In Akaunting, the user can only do single-entry accounting such as entering expenses, creating invoices, and inventory management.

The user cannot connect bank accounts or credit card accounts. When using a mobile phone, the user can only access Akaunting using the browser. You can start using Akaunting by visiting the official website to download the Akaunting software.

For any small businesses in South Africa to run successfully, an entrepreneur needs to use the available free accounting software. This will make it easy to manage all the financial aspects of the business to determine its profits. To on the safe side when it comes to improper bookkeeping, try one of the above-listed options.

CSN Team.

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