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Open Source Accounting Software

There are many open source accounting software programs available today. The advantages include the fact the software is customizable, and is often free or low cost. Open source means the software is free to copy and reuse, not that the software is free, although it often is.  Another advantage of open source software is that users can fix problems and add features whenever needed. Many people prefer this software over the high priced brand name accounting software programs. Most of the  software is suitable for a home or small business.

Programs

Popular open source accounting software programs include:

1.    GnuCash

GnuCash is an easy to use personal and small business accounting software that is licensed under the GNU General Public License.  GnuCash is available for GNU/Linux, Mac OS X, Microsoft Windows, Solaris, and BSD.  The software allows users to track their bank accounts, expenses, income and more. Some features include:

  • Double entry accounting
  • Checkbook style register
  • Small business accounting
  • Reports and graphs
  • Multiple currencies
  • QIF import
  • QFX import
  • Scheduled transactions
  • Financial calculations
  • Customers, vendors, jobs
  • Invoices
  • Language translation
  • Transaction matching to find duplicate transactions
  • Statement reconciliation
  • Transaction query
  • Check printing
  • HBCI support (supports German Home Banking Computer Information protocol)
  • Stock/bond/mutual fund accounts
  • User Manual

To learn more about GnuCash, visit their homepage.

2.    Phreedom

Phreedom is an ERP/accounting system designed to run on the internet and licensed under the GNU General Public License.  Phreedom is designed for small businesses and is browser independent.  Some of its features include:

  • Database Environment: MySQL
  • Inventory Management
  • Customer/Vendor Accounts
  • Banking
  • Shipping/Freight
  • Import/Export
  • Programming Language: JavaScript, PHP
  • ERP, Accounting, Point of Sale
  • Web based interface
  • Multi-company
  • Reports
  • Security

To learn more and see a demo, visit Phreesoft.com.

3.    Open Systems Accounting Software

OSAS is a multi-platform accounting software that runs on the newest mobile devices, Linix/Unix, Mac or Windows, or a mixed platform. The software is easy to use and includes the following accounting modules:

  • General Ledger
  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Payroll
  • Fixed Assets
  • Inventory
  • Sales & Purchase Orders
  • Bill of Materials

The software contains industry specific solutions, such as Contractor’s Job Cost, as well as business intelligence tools.  The source code is included so you can easily customize the software for your needs. A software developer’s kit is even available.  For more information, visit their website.

4.    Lazy8 Ledger

Lazy8 Ledger is a free open source accounting software for home or a small business. It is a general ledger program that allows you to do bookkeeping for several companies. Some features include:

  • Charts
  • Reports can be saved in PDF, Excel, HTML, CSV or text
  • Operating system independent
  • Multi-company
  • Financial analysis
  • Import/export
  • Chart of accounts
  • 100% Unicode compatible

Take a closer look here.

These are just a few of the programs that are available. Before selecting an open source accounting software program, read reviews, compare features, and try a demo whenever possible.

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