Small Business Accounting Software Recommendations

kashxpert on 25/01/2024 - 16:43

Hi Community,

We have a small business of artworks, my wife paints and sells her original artwork and prints etc. We need an accounting software to track expenses and income as well as GST for BAS statements.

I know there are plenty of options online but I am hoping to find a free version that can do the basics.

Any recommendations?

Free Software/Websites Accounting Software Software

Comments

  • JIMB0 on 25/01/2024 - 16:48
    +6

    Microsoft Excel

    • Iluvfreebies on 25/01/2024 - 16:55

      Came here to say this. The most underrated accounting software

  • Jimothy Wongingtons on 25/01/2024 - 16:54
    +3

    As a myob subscriber of some years, not myob.

    • Iluvfreebies on 25/01/2024 - 16:55
      +1

      XERO>MYOB

    • Kenb0 on 25/01/2024 - 17:29
      +1

      One thing that MYOB is good at, is constantly increasing its subscription prices….

  • TheZohan on 25/01/2024 - 17:19
    +2

    I don't think you can go past Xero, that being said I think many of the mainstream services (Quikbooks, MYOB etc) are probably all similar and functional.

    There are often 50% off deals for 12 months from many of them, so be sure to check those deals out.

  • sumyungguy on 25/01/2024 - 17:37

    I'm currently using the free tier of ZipBooks, seems OK for invoices with limited line items.

  • JimmyF on 25/01/2024 - 18:15

    Any recommendations?

    Do not use anything Reckon based….. Just evil!

    For free, I use https://www.waveapps.com/. Used to support Australia but they pulled out, it still works. You just need to setup up the GST taxes.

  • T-rex on 25/01/2024 - 18:34

    Zoho

  • kashxpert on 25/01/2024 - 19:06

    Thanks everyone, got some great ideas.

  • AndyC1 on 25/01/2024 - 19:17

    Have a look at GU cash to see if it will help or is not going to work for you. Remember the GNU cash price is right $0.00, but it may not do what you want, so play with it and try it before you commit to it.

  • Baysew on 25/01/2024 - 19:47

    GST for BAS statements

    Is the income more than $75000?

  • Kenb0 on 25/01/2024 - 20:30

    I use manager.io to do my bucket company+trust accounting. It’s free and easy enough to use if you’re familiar with accounting and bookkeeping concepts.

    • freefall101 on 25/01/2024 - 20:39

      I'm always pretty skeptical of a product that's free, especially when the cloud version is relatively expensive at $1k a year. Does it upgrade and run in place nicely?

      • Kenb0 on 26/01/2024 - 00:02

        I've never used the cloud version and I'm happy enough with the free desktop version which is all I need. Have upgraded twice before and no issues.

        And for more free products which I find useful, I use "Free Accounting Software" just to lodge my company and trust tax returns electronically with no fuss. As far as I know, there isn't another free software out there that can do that.

  • Rako on 25/01/2024 - 20:33

    Moneydance

  • phila63 on 25/01/2024 - 21:54

    Have a look at https://www.freeaccountingsoftware.com.au/

    Used it up until a few years ago as a sole trader business.

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