I run a few small businesses and wanted a free accounting software suitable for a small business. The criteria was that it should be accessible online, easy to use, support for multiple users, customers, vendors and banks. I looked at Quickbooks and Tally initially but for someone who is not from an accounting background, these software were quite hard to learn and expensive. Finally I found Numia which seemed to have all the basic requirements I was looking and guess what absolutely free !
Free Online Accounting software for small business
Numia is a free bookkeeping software for small businesses. It can process accounting transactions like accounts payable / receiveable, trial balance, bank overviews, etc. Multiple currencies are supported and is available to users all over the world. This is a hosted software, all the data is stored on their server and is accessible online from any computer.
Detailed help is available for every function and they have video tutorials to make things easier. Below is a list of the menu options available in the software. This should give you a good idea if this software might be suitable for your needs.
The registration for an account is easy. Settings up a new company, clients and verdors can be done withing minutes without having to refer to big books. The home page consists of multiple widgets that can be placed in any order according to you preference.
I do not have enough experience in accounting to write more about this software. Hope some of the readers of this blog can add there views via the comment form below.