FrontAccounting - Free Accounting Software

FrontAccounting is a free open source web based accounting software. It can be used by freelancers, business owners, individuals and organizations to track and keep record of their business transactions. It gives you the ability to create orders, generate invoices, take payments and much more.

Features

• Sales and Accounts Receivable: Manage customer accounts, sales quotations, orders, invoices, and credit notes. Supports batch invoicing and customizable sales documents.
• Purchases and Accounts Payable: Handle supplier accounts, purchase orders, goods receipts, debit and credit notes, and supplier payments. Allows attaching scanned documents to transactions.
• Inventory and Stock Management: Track stock items, define categories and locations, set reorder levels, and calculate average material costs. Supports barcode scanning and foreign code registration.
• Manufacturing: Create bills of materials, work orders, and manage work center inquiries. Supports simple assembly features. 
• Fixed Assets: Manage asset purchases, transfers, disposals, sales, movements, and depreciation. 
• General Ledger: Record journal entries, budget entries, and generate detailed ledger inquiries with drill-down reports. Supports fiscal year closure and retained earnings.
• Cash and Bank: Manage bank and petty cash accounts, record payments, deposits, withdrawals, and perform bank reconciliations.
• Reporting: Generate and export financial reports, including income statements, balance sheets, and cash flow statements. Supports graphical analysis and email distribution.

Pros

• Cost-Effective: As an open-source solution, FrontAccounting is free to use, eliminating licensing and subscription fees.
• Comprehensive Functionality: Offers a wide range of features covering essential accounting processes, including sales, purchases, inventory, manufacturing, and fixed assets.
• User-Friendly Interface: Designed for ease of use, making it accessible for users with varying levels of accounting knowledge.
• Multi-Currency and Multi-Language Support: Accommodates businesses operating in different currencies and languages, enhancing its global applicability.

Cons

• Limited Customization: The simplicity of the software may restrict customization options, potentially making it less suitable for complex accounting needs.
• Integration Challenges: Integrating with other systems, such as Customer Relationship Management (CRM) or advanced inventory software, may require additional effort.
• Support Limitations: As an open-source project, formal support options are more limited compared to paid solutions.

Free Plan Details

FrontAccounting is entirely free and released under the GNU General Public License. There are no subscription or licensing fees associated with its use. While the software is free, the developers accept donations to support ongoing development.