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Best Free Alternatives to Xero
Stop paying $29 - $75/mo (Standard USD). Discover professional-grade tools that won't break your budget.
Category: AccountingVerified for 2025
Top Recommended Replacements
ZipBooks
FREEBest for Simple Invoicing
Why we like it
The free 'Starter' tier allows unlimited invoices and customers; includes a unique 'Business Health Score'; very modern and 'light' interface compared to Xero.
Keep in mind
The free version only supports one connected bank account; lacks the advanced multi-entity and multi-currency tools found in Xero Premium.
Akaunting
FREEBest for Open-Source Privacy
Why we like it
100% free if self-hosted on your own server; modular 'App Store' allows you to pay only for the features you need (like inventory or CRM); no limits on users or companies.
Keep in mind
The cloud version (Akaunting Cloud) has a steeper learning curve; customer support for the free version is community-based and can be slow.
Zoho Books
FREEBest for Integrated Ecosystems
Why we like it
Unbeatable value for micro-SMEs; the free tier is very robust; integrates perfectly with Zoho's other 50+ business apps; includes a client portal and automated workflows.
Keep in mind
The interface can feel cluttered and more 'corporate' than Xero; bank feeds in some regions can be less reliable.
Wave Apps
FREEBest for Solopreneurs
Why we like it
Legendary free tier for unlimited invoicing and accounting; the 2025 'Pro' tier added auto-import bank feeds for a fraction of Xero's cost; extremely user-friendly.
Keep in mind
Not a 'true' double-entry system in the eyes of some senior accountants; lacks deep audit trails for high-revenue businesses.
Puzzle.io
Best for Modern Tech Startups
Why we like it
An AI-native general ledger built for real-time visibility; replaces the old-school 'monthly close' with instant financial snapshots; great for businesses using Stripe/Mercury.
Keep in mind
Designed specifically for modern tech stacks; lacks features needed for brick-and-mortar retail or manufacturing.
FreeAgent
FREEBest for UK-Based Freelancers
Why we like it
Specifically built for the self-employed; incredible at automating tax estimates; often free if you have a business bank account with NatWest or Mettle.
Keep in mind
Limited usefulness for international businesses; inventory management is basic.
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