Accounting software is a computer application that streamlines the process of recording and keeping track of transactions. It typically includes a wide range of functional modules that focus on specific areas of the accounting process. Some of the basic modules are the accounts receivable, accounts payable, and trial balances, as well as payroll and inventory systems. As a whole, it functions as an accounting information system for the business using it.
While it can be developed by a company in-house, some of the best ones are created by third parties. Oftentimes, the purchased application can be incorporated with local modifications to best suit the user’s accounting needs. Listed below are some examples of free accounting software available. Note: The list takes into account only the accounting software that you need to install on your Windows system. There are some great web based free accounting systems that are not considered in this list. We might create a separate article for best free online accounting software.
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