Best free general ledger software [Small & Medium Business]

Tashreef Shareef
by Tashreef Shareef
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Affiliate Disclosure

  • Using general ledger solutions is a must for any business, large or small.
  • However, you don't have to break the bank just to keep your finances in order. Check out these best free general ledger software to use today.
  • Although immensely helpful, accounting software alone cannot make the cut. Take a look at these Time Tracking Tools to boost your productivity even further.
  • Feel free to explore our Accounting & Tax Software Hub and streamline your business tasks.
General Ledger free tools

Every accountant uses general ledger as the foundation of the accounting system to organize and save financial data or to create financial statements for the company.

Financing software has long replaced the traditional paper-based entries. From greengrocer, freelancer to businesses around the world, everyone uses it to keep track of financial transactions.

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There is a multitude of options when it comes to accounting software both paid to free.

While premium accounting software offer great features along with customer support, for first-time users and people who don’t want to spend a fortune, there are a good number of free accounting software available.

In this article, we will be exploring the best free general ledger software that will help you keep track of all the financial transactions on your computer.

What is the best software used to maintain general ledger?

When it comes to accounting solutions, QuickBooks in an all-in-one bookkeeping general ledger software that can streamline your projects and reduce your workload.

This versatile tool comes in both online and desktop versions that you can access either directly in your browser or download it into your PC to boost your work productivity.

Moreover, QuickBooks comes packed with a variety of training features ranging from video recordings and tutorials to virtual conferences, designed specifically to help you grow in the direction you want.

Faithful to its purpose, which is to reduce busywork, this ledger software provides pre-filled templates to cut down on prep time, comprehensive and customizable financial dashboards and reports, and more.

Covering anything from expense management and time tracking to tax calculation and automate payroll, QuickBooks is a full-scale end-to-end business solution.

Let’s quickly look at its key features:

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  • Data collection, tax solutions, automate payroll, time tracking, expense management, and more
  • Accountant Toolbox (to batch manage transactions, export tax-ready data and run trial balances)
  • Comprehensive management reports and chart of accounts
  • Automated and customizable bank feeds for more accuracy
  • Centralized project tracking
  • Connect third-party apps to accelerate your workflows
QuickBooks

QuickBooks

Track expenses and check profitability quickly and easily with the very best bookkeeping general ledger software!
Free trial Visit website

Express Accounts - NCH Software

Express Accounts from NCH Software is a free offline personal accounting software for private practices, retailers, freelancers, and small businesses that helps with organizing bookkeeping.

The free version of Express Accounts is available for small businesses with less than five employees.  For a large business, Express Accounts offers premium packages with features designed for a large organization.

Express Accounts allows you to track sales and accounts receivable and generate professional quotes, sales orders, and invoices.

In addition, you can also automatically record, recording orders and invoices, account receivable, and report updates as invoices are paid to make the recurring tasks easy to handle.

Let’s quickly look at its key features:

  • Financial analysis tools (generate over 20 different types of financial reports and income statements showing your business performance)
  • Create balance sheets, analyze sales by the customer, and prepare reports for tax return
  • Manage accounts payable and pay bills, track purchase transactions and expenses
  • Generate purchase orders and print checks
  • Available for both mobile as well as PC
Express Accounts - NCH

Express Accounts - NCH

All the help you will ever need in organizing bookkeeping in one single location on your mobile or desktop.

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free cloud accounting software

Wave is a free and powerful accounting software you can use to keep track of your financial transactions and be ready for tax time with financial statements.

The software allows you to connect your bank accounts, balance your books, and sync expenses from one place.

Wave pricing starts with a free account which is suitable for small business with limited user access but offers all the essential features required to manage your cash flow.

The user interface is intuitive making it easy for anyone to learn and use the software with a little practice.

It is a cloud-based solution, so you don’t need to install anything on your computer, and all the data is backed up on cloud storage for easier accessibility.

Let’s quickly look at its key features:

  • 256-bit encryption
  • Easy integration with PayPal, Shoeboxed, Etsy and more
  • Unlimited bank and credit card connections, unlimited income and expense tracking, updates on invoicing, payroll and payment
  • Unlimited customizable invoicing and receipt scanning
  • Dashboards show a quick status of cash balance and invoice status
  • Bill and invoice reminders and export accounting reports
  • Bulk transaction updates, journal transactions, and access to multiple businesses accounts from one dashboard

Download Wave 


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ZipBooks

Free, simple, and feature-rich, ZipBooks is a cloud-based accounting solution for small business owners and individuals offering bookkeeping and invoicing services.

Unlike Wave, ZipBooks is a premium accounting software that starts with a free account but limited features.

Using the free account, you can create unlimited invoices, add unlimited vendors and customers, and accept credit cards and PayPal payment.

Moreover, you get to enjoy unlimited bookkeeping, manage one bank account, and keep a tab on business health and invoice quality score.

The premium accounts, on the other hand, offer more features like recurring invoices with auto-bill and advanced bookkeeping and accounting features.

Let’s quickly look at its key features:

  • Simple user interface
  • Generate income statements, create invoices, check transaction details in the dashboards
  • Automatically create a convenient general ledger with all the transactions
  • Manage the account, invoice, user, customer, projects, and tasks

Download ZipBooks 


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Money Manager Ex

Money Manager Ex is a free and open-source personal finance software enabling the users to take note of all the expenses.

It is an offline solution that can be installed on your PC or used as a portable app from the USB drive.

Money Manager Ex is cross-platform compatible making it ideal for running on Linux, Windows, and macOS PCs.

Let’s quickly look at its key features:

  • Create new bank accounts, track incomes and expenses, recurring transactions, stocks management, and more
  • Available for mobile operating systems
  • Solid finance software with some advanced tools

Download Money Manager Ex 


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Manager-io

Manager is one of the most popular account software that is free to use and does not compromise on features.

Manager’s strength lies in its flexibility of setting up a chart of an account without any restrictions.

The user interface is easy to understand and use, and if anything sounds too complicated, the active manager user community online offers a solution in no time.

Manager is an offline solution, and if you prefer a cloud-based solution, you need to upgrade to the premium plan.

All your financial data and records are stored in your local hard drive. However, you can sync the data with Google Drive and DropBox account for backup.

Let’s quickly look at its key features:

  • Manage banking transactions easily in the dashboard
  • Integrated bank reconciliation tool, profit and loss statement generation, and project-based accounting
  • General ledger, fixed asset manager, remittance advice
  • Cash management, capital accounts, and comparative reporting
  • Expense claims account receivable, payable account, trial balance, and more

Get Manager free 


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best invoice software - Zoho

Zoho Invoices is not a general ledger software but an online invoice generating solution with a feature to keep track of expenses and report generation capabilities.

If you are looking for something to keep track of expenses, generate invoices, and get paid online, Zoho invoice offers the basic and essential features for free for starters.

The forever free plan offered by the company is perfect for businesses with less than five customers.

If you happen to have a larger organization, Zoho offers premium plans with more features.

Let’s quickly look at its key features:

  • Create personalized invoices by choosing pre-designed templates from the gallery
  • For recurring billing, you can set invoices on autopilot
  • Integration with Payment gateways for easier payouts
  • Create professional-looking estimates, convenient client portals allowing the customers to access their estimates, invoices, and timesheets
  • Time tracking for project management and expense calculator with detailed report generation

Download Zoho Invoices 


You don’t need to be an accountant to understand the importance of maintaining a general ledger.

It not only helps you with tracking your financial transactions but also keeps you ready for tax filing.

If anything in your balance sheet looks out of order, the general ledger will help you find the discrepancy and correct the details in a timely manner.

All the software listed in this article are free to use or at least offer a free account to get you started.

Have you used any of the listed accounting software for general ledger before? Do let us know your experience in the comments below.

FAQ: Learn more about general ledger software

  • What is General Ledger software?

General Ledger Software is the main accounting record for a business used to track all financial transactions associated with it.

  • What is the best free bookkeeping software?

There are many bookkeeping tools that come free of charge or provide free trials.. Check out more financial apps with no subscription obligation in this guide.

  • What is the most widely used accounting software?

One of the best accounting software is QuickBooks. Zoho and Express Accounts follow closely. Feel free to explore more accounting tools in this comprehensive review.

Editor’s Note: This post was originally published in February 2019 and has been since revamped and updated in July 2020 for freshness, accuracy, and comprehensiveness.

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