Many people look for free bookkeeping software on the internet, but are there really any good packages or spreadsheets available?
If you are looking for free bookkeeping software, then WAVE Apps is the best solution. Unlike other software packages, it looks and feels like a paid for solution. I have used and recommended WAVE to clients who have used it to complete their year-end bookkeeping.
It is free due to having some advertising, but it will not put you off from using it day to day. It has some of the same features of an expensive cloud-based bookkeeping software including, invoices, bank feeds, tracking outstanding invoice, front page dashboard and reports.
It is worth signing up to WAVE and taking a closer look to see if is suitable for your business. Every business has different needs, and it may not suit yours.
I have used their support and had answers back quickly, they can charge for support, but on this occasion it was free.
One complaint I have read about WAVE is their server speed, every time I have logged in there has never been a problem. It maybe that speed issues has now been fixed.
If you are a small business and just need to track income and expenses, then Excel may be suitable. We have written a cash Book template that you can be download for free.
From your bank statements you enter all your transactions and allocate an account, it will then allocate it to the correct account. Once all the postings are complete, there is a profit and loss report for the whole year.
The template is quick and easy to set up. Full instructions are available to help you get started.FREE Excel Cash Book Template