Managing your finances is a big responsibility. Thankfully, there are apps available for any level of skill set. It can be difficult to find the best app for you. Especially when there are so many different features and price points. This list will help you find an app that’s right for your needs and budget. Whether you’re a beginner or a pro, it pays to know what’s out there.
The five best free accounting apps for beginners are: Mint, Quickbooks Self-Employed, Wave Accounting, Expensify, and FreshBooks.
1. MybillBook Accounting app
MyBillBook accounting is a free app that allows you to create invoices, keep track of your receipts, and send email reminders for past due payments. It’s an easy way to manage your finances if you’re just starting out.
Mint is another popular free accounting app with a number of helpful features. Mint displays all of your account balances in one place so you know where to spend money. It also provides alerts when an account balance falls below a certain threshold or a bill is due soon, so you won’t miss a payment again. Plus, it connects to almost every bank and credit card company, making it easy to see how much money you have coming in from different sources without having to log into each account separately.
Wesabe was designed as a budgeting tool for those looking for something simple and easy-to-use. The app aggregates your data from various accounts and presents them in a colorful graph form, which helps make sense of your spending habits quickly and easily. It also alerts you when you need more funds after going over budget on any given day or week, so it’s a great reminder if you spend too much without realizing it.
4. Money Savvy One
Money Savvy One is one of the few free apps that includes tools for investments as well as general expenses — think 401(k)s and car loans as well as utilities bills and groceries purchased at the grocery store.
The best free accounting app for beginners is the best one for your needs. We’ve put together a list to help you find the right one. You can find all five of these apps for free in the App Store.