Four Open-Source Accounting Software Packages for Small Businesses
QuickBooks is one of the world’s leading accounting packages and at times synonymous with small business. However, it would be mistake to believe that this is the only option out there. We found a few solutions, including some free ones, which you may find useful to manage the business hosted by Midphase.
- QuickBooks Simple Start
You can download the free version of QuickBooks, which allows one user per account for small businesses and comes with basic accounting functions. It can accommodate up to twenty customers and vendors and it’s beneficial for start up companies.
QuickBooks marketing gurus said, “QuickBooks Simple Start is an easy-to-use free accounting software designed to help you manage your small business better. Simple Start makes estimating, invoicing, accepting payments, and keeping track of your finances quick and easy.”
PostBooks is one of the most functional open-source alternatives to QuickBooks that offers a total solution for accounting, costumer relationship management, and enterprise risk management modules. It is highly recommended for small and midsized business for recordkeeping and bookkeeping.
The business logic resides in PostgreSQL database, very popular with geeky programmers. It also has a rich API for connecting to third-party apps.
- product definition,
- light manufacturing modules.
Another open-source alternative business package is Grisbi, which operates under GNU/Linux and Windows OS. Grisbi is known for its easy interface and serves as a comprehensive tool for basic accounting. Users can set it up instantly and lets you preview customized reports before printing or sending via email.
“Grisbi can manage multiple accounts, currencies and users,” said the Grisbi marketing team. “It manages third party, expenditure and receipt categories, as well as budgetary lines, financial years, and other information that makes it quite adapted for associations (except those that require double entry accounting).”
Last but not the least is GnuCash, a free open-source program for personal and business accounting that tracks bank accounts (including investments), expenses, and revenue. It also tracks customers, jobs, vendors, accounts, invoices, and more. GnuCash has a large community for support and development.
“GnuCash is personal and small-business financial-accounting software, freely licensed under the GNU GPL and available for GNU/Linux, BSD, Solaris, Mac OS X and Microsoft Windows.”
You can also import your current data from Microsoft Money and export them to spreadsheets like Microsoft Excel.