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Innovation Evolved Turnkey Solutions supports you with everything required for a one-stop-solution – focused on the needs and targets of your business organization.
Assisted by our team of professionals we work with our clients to determine the most effective design as per client’s requirement.
The term "open source" refers to something that can be modified because its design is publicly accessible. Open source software is software whose source code is available for modification or enhancement by anyone.
Top 5 Open Source Accounting Software
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GnuCash
GnuCash is a personal and small business financial application that uses proper double-entry accounting, and this is important because double-entry ensures that you can detect errors and track down their source.
GnuCash is extremely flexible; the more you learn about it the more you can tailor it to suit your own needs. It supports accounts receivable and payable, invoicing, investment accounts, bank, credit and loan accounts, tax statements, reporting, graphs, multiple currencies, depreciation, tax tables and a lot more. It does not have a point-of-sale or payroll module, though you can use it to manage payroll for a small number of employees by manually entering tax and other payroll variables.
GnuCash supports multiple languages. It is free of cost, and to get the most out of it buy the Gnucash 2.4 Small Business Accounting: Beginner's Guide. It is an excellent how-to written with the assistance of one of the GnuCash developers. And the publisher gives a percentage of sales to the GnuCash project.
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SQL Ledger
SQL Ledger is a Web-based ERP system for shops that need work and purchase orders, packing lists, point-of-sale, inventory control, check printing, multi-user and multi-location, vouchers, or time cards in addition to the usual general ledger accounting. It requires both a Web server and an SQL server, and it is cross-platform. It works best on Linux, and you really want your sensitive financial data on a secure system anyway.
There are two versions: free of cost and enterprise. An enterprise subscription buys additional features like barcode and label printing, invoice consolidation, a good payroll module, an integrated editable Help system, and premium email and phone support. Support alone starts at $130 for a reference manual. Per incident support is $140, $600 buys a year of priority support and other goodies, and there are several other support options.
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XTuple PostBooks
XTuple PostBooks is the core of the excellent XTuple ERP suite. It incorporates seven modules: Accounting, Sales, CRM, Manufacture, Purchase, Inventory and Products. There are five editions: PostBooks, Standard, Project, Manufacturing, and Enterprise. PostBooks is free, and includes high-end features like multi-user and multi-location, trouble tickets, a task manager, quotes, shipping/receiving, bill of materials, and assemble-to-order configurator.
Annual licenses for the other editions range from $400 per year to $1,500 per year. There are also perpetual license and cloud license options. More money gets you more functionality like capacity planning, asset management and depreciation, drop-ship purchasing and multi-warehouse inventory management.
XTuple is good for the small growing enterprise, because you can start small and add functionality as you need it.
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Turbo Cash
Turbo Cash supports multiple languages and many different countries. It includes point of sale, invoicing, reporting and analysis, inventory and stock pricing, barcodes, quotes, trial balance, batch operations, VAT accounting, multi-user and access controls. It's one of the most comprehensive free accounting programs.
Turbo Cash aims for ease-of-use, and it has a clean, attractive interface. It is free of cost with commercial support options. Printed manuals, CDs, and a portable USB version are all available at reasonable prices.
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Palladium Individual
Palladium Individual offers clients the ability to invoice customers, remit statements, process and pay suppliers, pay their taxes and print compliant financial statements. In addition the data is retained for life so users need not access old backup or copy companies to access their data History. What’s more Palladium will add a release every year so that the application stays current with new enhanced features.