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Last updated January 1, 2020 By 32 Comments
Accounting software is a necessity when it comes to managing billings, debts, stocks, invoices and any other kind of financial transaction. You might require something for your personal finances or perhaps for enterprise-focused accounting software. No matter what, it is important to consider open source solutions available (especially being Linux enthusiasts).
So, in this article, I list out some of the best open source accounting software that I think would come in handy for you. At the end of the list, feel free to suggest your favorite ones in the comments.
Note: The list is in no particular order of ranking.
Skrooge is one of the most useful personal finances manager by KDE. It is originally tailored for the Plasma Desktop but other desktop environments are compatible.
Supports most of the basic features (reporting, budgeting, etc.) and allows you to work on some pretty big data sets.
Akaunting is an interesting online accounting software that’s available for free. Yes, surprisingly, there’s no hidden subscription charges or additional upgrade options. It is totally free. If you are looking for a FreshBooks alternative, you should give it a try.
Ranging from invoicing to managing deposits and transfers. A whole lot of features. You can either utilize their hosting (again, it is free!) or host it yourself. It’s fit for both personal and enterprise needs. Try it out!
We’ve already mentioned this in our list of best open source CRM software. Apache OFBiz is an impressive open source solution that incorporates an ERP system and a CRM suite for various types of requirements.
It’s completely free – however, you will have to host it yourself (or just hire someone to do it). In addition to all the basic features needed for accounting software, it lets a developer extend/enhance features easily while being a Java-based web framework.
Originally based on ADEmpiere ERP. It is a community focused accounting software maintained by an active group of people. iDempiere aims to utilize technologies like Apache Maven to provide a business suite ERP/CRM/SCM.
There’s a ready-to-use Virtual machine available to download. In addition, you can utilize it on Windows or Linux.
Openmiracle is a quite popular open source and free accounting software. There’s no premium plans to it. So, you can utilize all the power and flexibility for free.
It features all the necessary options needed in an accounting software. From setting the budget to managing the payroll, there’s a lot of things to explore.
GNUCash is a great open-source financial accounting software to manage stocks/income/expenses for small business or individuals.
From reports to quick calculation features, it has a lot to offer. And, the best thing is – it is available across multiple platforms (including Linux), so that’s a plus.
A powerful yet simple open source accounting solution. It has been tailored to small and medium sized businesses. Starting from managing invoices to inventory – you also get the ability to translate (up to 45 languages supported). You can try pre-release version or just get the latest stable build to test it out yourself!
We already covered an article on GNUKhata, if you want to dive into the details.
However, it is simple and robust accounting software that is available for free. From the looks of it, the setup is easy and anyone can get used to it. Feel free to try it out and explore.
KMyMoney happens to be yet another free and open-source software managed by KDE. You can easily utilize this for managing accounts, transactions, ledgers, and a lot more.
It offers a simple user interface but gets the job done. As you can see in the screenshot above, it appears to be a full-fledged (if almost) solution. You can get it installed from the software center – however, you can also choose to install it from git if you want the latest version.
If you might have read about the best open source CRM software, you could have noticed the suite of open-source web apps offered by Odoo.
Fortunately, they also offer something for accounting. If you do not mind paying for accounting software (maybe for your enterprise) while having an open-source solution, this can be your choice.
Try it out or check out their GitHub page to learn more about their suite of apps available.
HomeBank may not be a popular choice – however, if you want just another alternative to take a look at, HomeBank is a decent tool.
Just like some others, you can also find it in the software center. However, if you want the latest version installed, you can follow the official download instructions for Ubuntu by adding a PPA.
In addition to all these, you can also take a look at Flowlog (which happens to be an open-source solution) – however, it’s in a public beta phase for a year now – so it may not be the most reliable option yet.
Overall, these are our recommended picks for open-source accounting software. If we missed listing your favorite open-source accounting software, let us in the comments below.
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Filed Under: List, Software
A passionate technophile who also happens to be a Computer Science graduate. You will usually see cats dancing to the beautiful tunes sung by him.
If you are looking for completely free online accounting software then Crunch Free is exactly that and available in the UK:
Unlimited invoicing, expensing, open banking feeds and bank reconciliation!
Darren CEO and Founder
Hm, where the MoneyDance software?
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