Accounting software

I was looking at trying Xero but can anyone recommend anything cheaper or even free?

Comments

  • Depends on what you need/want:

    • Cloud or desktop?
    • Basic budgeting, stock, quoting, invoicing, banking, salary etc

    Personally I wouldnt use a third party cloud based solution but as a suggestion:

    • Bamboo Invoice - getting on in age but still pretty good. A self hosted option - http://bambooinvoice.org/
    • Quickbooks Student Edition Version - $20 (?) but limited to 650 transactions per company
    • QuickBooks Easystart Lite - I got it for $30 but in now around $50 - limited to 20 List Entries of customers, suppliers and other categories combined
  • wazeaccounting is free - have never used it, so cannot say if it is any good

  • Desktop but Android support would be handy too

    Basic accounting, sole trader online based sales setup no employees

    • My business has the same business nature as yours. I am using GnuCash , free open source. Need to search up their forum on how to setup GST. After that you can do BAS reporting if needed.

      I did a few customisation for the invoice to have it show proper Tax Invoice.

      Been using it for almost 2 years and so far so good, not a single cent spent.

  • I came across a cloud based accounting software available at www.manager.io
    I've tried it. Works very similar to xero.
    I'm just sceptical about it as its cloud based and not very well known.
    Cloud edition is free.
    Desktop version is $89 USD.

  • That manager software is interesting.

    Most Australian accounting software which is GST-aware will not be free.
    Instead, you maybe should be looking for software which doesn't require monthly fees.
    Unfortunately, most online or cloud-based solution will charge you monthly.

    I use MYOB simply because my bookkeeper and accountant use it.
    So if I have a problem, help isn't far away.

    I tried xero and while easy to use, it felt like I was straitjacketed having to do things its way instead of mine.
    I've noticed xero now does payroll. When I tried it out 3 years ago, payroll was a 3rd part plugin, more monthly fees.
    There is also saasu, which I preferred to xero.

    • italicI use MYOB simply because my bookkeeper and accountant use it.
      So if I have a problem, help isn't far away.italic

      This.

      You don't realize how much easier it makes to have something in line with your accountants (if you have them). It usually equates to less charges as well, since they don't spend as much time learning/reconciling your software (especially the case with some of the more obscure ones). From that point, MYOB is still the go-to, as all accountants know and have it.

      • If you're accountant isn't skilled in a range of accounting products (MYOB, QuickBooks, Xero) then I don't think they are doing their job.

        You've certainly got a point though, MYOB is older, more popular & support is more widely available, but if you want to utilise a different package you're accountant should be knowledgable & experienced enough to assist you with a range of accounting products, not just the oldest ones.

        I had a client tell me something that's stuck with me: You (the accountant) should be introducing things to me, not me introducing them to you.

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