If you have a small or medium-size business, then you may consider using finance or accounting software to efficiently manage your own venture. You can choose from a wide variety of finance programs. --Some of them are really expensive, while others will cost you nothing.

To those who are using Linux and are living on a tight budget, you can try some of these open source finance/accounting software that you can get for free:

GnuCash
GnuCash was initially aimed at developing capabilities similar to Quicken; a popular personal finance management tool developed by Intuit, Inc. GnuCash has features for small business accounting. Designed to be easy to use, yet powerful and flexible, it allows you to track bank accounts, stocks, income and expenses. Some of its main features are:

* Scheduled Transactions
* Mortgage & Loan Repayment Druid
* Double-Entry Accounting
* Small Business Accounting Features
* OFX, QIF Import
* Transaction-Import Matching Support
* (Limited) Multi-User SQL Support
* Multi-Currency Transaction Handling
* Stock/Mutual Fund Portfolios
* Online Stock & Mutual Fund Quotes


OpenERP
OpenERP is claimed to be a complete ERP and CRM software. It has separate client and server components. Among the features are management accounting, financial accounting, inventory management, sales and purchase management, tasks automation, Human Resource Management, marketing campaigns, help desk, and point of sale. Open ERP is known to be very complete and extremely modular, with 350 available modules. It is based on a strong MVC architecture, with a distributed server, flexible workflows, an object database, a dynamic GUI, an XML-RPC interface, and customizable reports.


Compiere
Compiere is an ERP and CRM business solution for the Small and Medium-sized Enterprise in distribution, retail, service and manufacturing. Compiere is distributed by Compiere, Inc. and through the Compiere Partner Network, a collection of trained and authorized business partners. The application and source code is provided on the basis of the GNU General Public License version 2. A commercial license, documentation and support contracts are also available for a fee.


Adempiere
Adempiere is a community-driven project that develops and supports an open source business solution of the same name that delivers Enterprise Resource Planning, Customer Relationship Management and Supply Chain Management functionality. The following business areas are addressed by the Adempiere application:
* Enterprise Resource Planning (ERP)
* Supply Chain Management (SCM)
* Customer Relationship Management (CRM)
* Financial Performance Analysis
* Integrated Point of sale (POS) solution
* Integrated Web Store


SQL-Ledger
SQL-Ledger is a double entry accounting/ERP system. Accounting data is stored in a SQL database server, for the display any text or GUI browser can be used. The entire system is linked through a chart of accounts. Each item in inventory is linked to income, expense, inventory and tax accounts. When items are sold and purchased, the accounts are automatically updated. Invoices, Packing Lists, Income Statement, Balance Sheet, Sales, Work and Purchase Orders, Statements, Receipts and Checks are generated from templates and can be changed to suit your needs.



If you know of other free and open-source finance/accounting software, you may share them with us via comment.

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