10+ best personal finance accounting software [Free & Paid]

by Madalina Dinita
Madalina Dinita
Madalina Dinita
Windows & Software Expert
Madalina has been a Windows fan ever since she got her hands on her first Windows XP computer. She is interested in all things technology, especially emerging technologies... read more
Affiliate Disclosure
  • Financial reporting appears to be a snap with a dependable accounting program that can manage costs, pay bills, calculate income, and obtain tax refunds.
  • Some of these programs may be utilized for personal or home purposes, and others may be useful if accounting is your vocation or profession.
  • Keep track of currencies, legislation, personal salaries incomes, and watch the outcome of the savings for you and your family.
What are the best personal accounting software

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Choosing the right personal finance and accounting software is one of the most important decisions you will make for your business.

Whether you are a web developer or a freelancer, a social media manager, or a small-scale farmer, you will need some kind of accounting software to keep things running smoothly.

Accounting software not only keeps track of your finances including tax, sales, and invoices but also tracks vendors, inventory and keeps confidential customer information.

How to choose the best personal finance accounting software?

Good accounting software generates important financial reports necessary for management accounting and for tax purposes.

If you are in the market for reliable personal finance and accounting software, you will be glad to know that there is a whole breed of online accounting software made for sole entrepreneurs.

The good thing is that most of them are very affordable and come with advanced features like quarterly income tax calculations, integration with major banks, and others.

Some even have a mobile version so you can track your finances on the go. To ease the hassle of scouring the Internet looking for the right tools, we have reviewed the best free and paid accounting software for you.

What are the best personal accounting software tools?


Whether you run a small business or a large corporation, invoicing is key. Indy’s flexible and professional invoicing platform allows you to generate professional invoices quickly.

Utilize existing templates for added ease and keep track of projects and money owed. Whether you are sending a once-off invoice or recurring ones to repeat clients, Indy allows you to streamline your accounts and keep track of finances.

This innovative freelancer platform will enable you to easily add various payment methods, including PayPal, Stripe, Zelle, Wire Transfer, and mailed checks.

Integrate the invoicing platform with other features, including the online calendar, time tracker, proposals, and tasks for streamlined success.

They also enable you to keep a digital record of all projects and payments, enhancing accounting ease and keeping your finances on track. 

Here are some of Indy’s key features:

  • Choose from different invoice types 
  • Easily add new clients and existing ones 
  • Attach timesheets 
  • Accept payment methods 
  • Include logo and graphics 
  • Add multiple payment options 
  • Integrate with the time tracker feature


If you want to get paid fast, this is the best invoicing app that supports all payment options.

Free trial Visit website

Intuit Quickbooks Online

personal finance accounting software

You might have figured out that most of your time and money is poured into yourself and your home. Probably that’s why some people prefer to treat their personal finances as a small business.

And if you do that, you can use one of the best accounting software for small businesses. At first, it might seem odd, but if you think about it actually makes sense.

It lets you become more strict, a bit more formal, and makes things easier to manage, even if you’re dealing with day-to-day expenses.

You will be able to do all this with Quickbooks online. There’s no need to download and install anything. It works in your browser.

But you also get Free Mobile Apps to see if it’s a good match for your needs. Support via chat and phone is available.

Here are some of its best features:

  • Track expenses
  • Helps you set and keep a certain budget
  • Manages rental income and taxes
  • Provides an easy method to pay your contractors, gardeners, housekeeper, nanny, etc
  • Scans receipts

Intuit Quickbooks Oline

Gain a birds-eye perspective of all your clients and projects, and work more effectively to ensure you never miss a deadline.

Check price Visit website

Intuit Turbotax

personal finance accounting software

It’s hard not to talk about personal finances and not speak about taxes. And when we talk about taxes, then we must mention TurboTax.

Wouldn’t you like to enjoy some peace of mind that the documents you sent to IRS are good and you won’t have to worry about any penalties or interest?

The fact that Intuit guarantees accurate calculations, maximum refunds, and audit support says quite a lot. Even more, in case you only need to file simple tax returns such as Form 1040, TurboTax is free.

We really like the fact that TurboTax has a very user-friendly interface. It also lets you import W-2 information from your employer.

Plus, if you used it in the past, it remembers your personal information and you only have to add any major changes.

If you are not interested in taxes at all, try one of the other suggestions that we have for you.

Let’s review some of its best features:

  • Friendly user interface
  • File simple tax returns with the free version
  • Accurate calculations, maximum refunds, and audit support
  • Import W-2 information from your employer
  • Find every tax deduction and credit you qualify

Intuit Turbotax

The calculations are 100 percent accurate, so your taxes will be done correctly, guaranteed, or you will be reimbursed for any IRS penalties.

Check price Visit website


personal finance accounting software

When it comes to tracking and managing invoices, it’s hard to beat Freshbooks and its friendly interface.

This award-winning software packs all you would want in accounting software including compatibility with other business applications, easy to navigate interface, and good customer support.

Freshbooks has exceptional time tracking tools that allow users to enter the number of hours worked each day for record-keeping purposes.

You can even assign workers or staff tasks and maintain useful information such as dates, names, and billable status to each project.

Experts say Freshbooks generates comprehensive reports, even better than those generated by Quickbooks, its major rival.

Reports include taxes, P & L, time tracking, invoices (item sales and revenue from clients), client reports (aging and revenue), and many more.

It even allows clients to pay directly from the Freshbooks invoices by use of credit cards. Freshbooks is also renowned for having the best accounting mobile app for small businesses.

However, it has limited inventory management tools which makes it not suitable for businesses with a lot of inventory.

Check out its most important features:

  • Reports include taxes, P & L, time tracking, invoices, client reports, and more
  • Pay directly from the Freshbooks invoices by using credit cards
  • Fresh and simple interface
  • Great time tracking tools
  • Assign workers or staff tasks


Your success will never be a mystery with the simple dashboard and reports, and you will know precisely how your business is performing.

Free trial Visit website


personal finance accounting software

A great personal finance software that we have to mention is Moneyspire. This application supports an unlimited number of accounts, and several account types such as Bank, Credit card, Cash, Investment, Other assets, other liability, etc.

Thanks to this software, you can easily forecast your balance by analyzing future deposits, withdrawals, and other data.

It’s worth mentioning that it supports importing, to get the data from other financing software such as Quicken, Mint, and others and continue where you left off.

The application is for all regions and currencies, so it’s available regardless of your current residence. Moneyspire also has reminders to keep all your transactions in check.

This tool can automatically record reminders and even create reminders from transactions.

If you’re working with multiple payees, you’ll be pleased to know that the app supports an unlimited number of payees allowing you to track each payee’s information closely. If needed, you may even generate reports by the payee.

When it comes to file types, the application can export data to QIF and CSV file formats. As for importing, QIF, QMTF, OFX, QFX, and CSV file types are fully supported.

Speaking of files, we have to mention that all financial data is stored in a single file. This file is encrypted with 128-bit military-grade encryption, so malicious users won’t be able to access it.

There’s also Cloud Support that allows you to share data between multiple computers and mobile devices.

Overall, Moneyspire is an amazing finance software, and it’s fully available on both Mac and PC platforms as well as on iOS devices. As for Android, the Android version is on its way and it’s coming soon.

Moneyspire is available for a free trial, but if you want to continue using it, you just need to obtain a license.

Bear in mind that a single license can be used on all PCs in your home for personal use, regardless of the platform you’re using.

Check out some of its best features:

  • Can export data to QIF and CSV file formats
  • Importing, QIF, QMTF, OFX, QFX, and CSV file types
  • It supports an unlimited number of accounts
  • You can easily forecast your balance by analyzing future deposits, withdrawals, and other data
  • Automatically record reminders


View all of your balances and transactions in one location with as much detail as you want, as well as your upcoming costs to ensure you’re totally ready.

Check price Visit website

Sage 50cloud Accounting

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Sage has been around for over 30 years and is one of the most reputable accounting software. Sage is ideal for all kinds of businesses including small enterprises, contract workers, and even freelancers.

From accounting to credit card processing to payroll, it helps small and medium-sized companies manage cash flow and important business processes such as invoicing.

Sage offers numerous versions including Sage One, Sage 50, and others for different types of businesses.

You can quickly check what you owe, deal with late payments, and keep track of your expenditures.

Manage payments or connect to your bank feeds to reduce manual data entry and expedite payment processing through automatic verification.

Recognize what is in stock and what is on order maintain track of purchase orders and stock levels, with the work expenses that can be tracked through buying, inventory changes, wages, and other methods.

Get one-click reports on sales taxes, costs, and earnings, providing you with the data you need to make sound business decisions.

Let’s see some of its most important features:

  • Manage payments or connect to your bank feeds to reduce manual data entry
  • Expedite payment processing through automatic verification
  • Keep track of purchase orders and stock levels
  • Get one-click reports on sales taxes, costs, and earnings

Sage 50cloud Accounting

Sage 50cloud combines desktop accounting software with the flexibility of the cloud, allowing for less administration, more automation, and faster payment.

Free trial Visit website

GoDaddy Bookkeeping

Like its competitors, GoDaddy Bookkeeping is very easy to set up and offers excellent bookkeeping services for small businesses.

On the home page, you will find a checklist of all the important tasks that you should do first like link a bank or credit card, customize your reporting categories, and others.

Once you enter the login credentials for your bank, GoDaddy will download your most recent transactions, usually for the past 90 days although you can customize the period.

GoDaddy has direct integration with Amazon, eBay, and Etsy, something that even Freshbooks lacks.

This solution offers advanced invoice management tools. You have the option to set up the system to send direct messages to the client some days before the payment date.

You can set it to notify you once the customer views the invoice or when payment is done. And just like Freshbooks, it also has time tracking features.

Note that all GoDaddy reports are very detailed. Compared to other software, GoDaddy is cheaper.

Let’s review some of its best features:

  • Direct integration with Amazon, eBay, and Etsy
  • Download your most recent transactions
  • Advanced invoice management tools
  • Send direct messages to the client
  • Notifies you once the customer views the invoice or when it performs the payment
  • Time tracking features

Get GoDaddy Bookkeeping

Zoho Books

personal finance accounting software

Zoho Books is excellent and highly flexible finance and accounting software that allows you to manage cash flow and keep track of critical business activities.

With Zoho Books, you will be able to create and manage customer invoices while keeping expenses in check.

In addition to managing cash flow, Zoho Books allow you to perform bank reconciliations and communicate with your accountant in real-time.

With advanced record-keeping tools, Zoho Books enables you to make more informed decisions and manage customers and projects in one central place.

Though it lacks the third-party add-ons offered by its competitors, Zoho Books remain one of the most reliable finance and accounting software tools in the market today.

You will benefit from the following best features:

  • Perform bank reconciliations
  • Communicate with your accountant in real-time
  • Create and manage customer invoices
  • Advanced record-keeping tools
  • Manage customers and projects in one central place

Get Zoho Books


personal finance accounting software

GnuCash is the best free accounting software designed for individuals and small businesses.

If you want decent finance and accounting software and you don’t want to incur the hectic subscription charges, then GnuCash is your best bet.

The software is available on multiple platforms including Windows, Linux, OS X, and Android. Its sheer flexibility and ease of use are what put it on top of other free and some paid accounting software.

It handles accounts payables and receivables, invoice and credit notes, payroll, employee expenses and has no problem handling multi-currencies.

Take a look at some of its key features:

  • Available on multiple platforms including Windows, Linux, OS X, and Android
  • Easy to use
  • Handles multiple currencies
  • It manages accounts payables and receivables, invoice and credit notes, payroll and employee expenses

Get GnuCash


personal finance accounting software

Xero offers incredibly deep accounting tools and competes well with the top accounting software in the market.

The solution provides on-screen instructions to help users get through the processes since its interface is much complex compared to the others in its range.

Its help center also provides the roadmap for performing simple and complex tasks such as using chart accounts, connecting bank feeds, etc.

It strictly follows the rule of double-entry accounting which might only favor accountants. Luckily, they have terrific customer support and an active online community that will sort you out instantly.

The tool has various plans with the cheapest, Xero Standard starting at a pretty decent price.

Its key features are the following:

  • On-screen instructions
  • Follows the rule of double-entry accounting
  • Very good customer support
  • Flexible plans

Get Xero


Wave is a cloud-based software that offers 100% free real accounting for individuals and small enterprises. This tool allows you to add unlimited collaborators and access your data from anywhere.

The accounting platform is integrated with invoicing, payment processing, receipt scanning, and payroll thus putting all the financial reports you need at your fingertips.

It’s very well designed with an easy-to-use interface that won’t need any external assistance. Though it’s completely free for accounting, if you need technical support you’ll have to pay for it.

Payroll is also not included in the free package so if you’re running a business, you will have to allocate a budget for that.

Take a look at Wave’s best features:

  • Invoicing, payment processing, receipt scanning, and payroll integration
  • Easy to use interface
  • Cloud platform-based
  • Add unlimited collaborators
  • Access you data from everywhere in the world

Get Wave Accounting

Great tips on the best accounting software for your business

Fortunately, for entrepreneurs and small business owners who need decent finance and accounting software, many applications are affordable while others are available free of charge.

We recommend that you narrow down your search to the programs that match your budget and business size.

It’s also important to find a program with reliable customer support so you can have a shoulder to lean on should you get stuck at any stage of the accounting process.

If you were looking for the best free personal finance software for Windows 10, we hope our suggestions from this article helped you.

Whether you want to get out of debt, maximize your investments, or take care of your personal finances and taxes, take a look at our best finance software list

Some software manufacturers are very resourceful and will even help you to migrate your existing data into the new system.

Also, you might want to check out the best software for money management for you and your family. Let us know your choice in the comments area below.

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