Free accounting software for small business, connected to your sales
When invoicing, payments and expenses live in the same system as your customers, your books stay much closer to up to date. Frostwood CRM’s accounting module gives you a chart of accounts, journals, bills, purchase orders and the financial statements your accountant expects — without exporting from one tool into another.
- Chart of accounts and journal entries
- Bills, purchase orders and expenses
- Balance sheet, cash flow, trial balance and VAT return
Free to use · Every feature included · No credit card required · See all features
Books that keep up with the business
Posted from your invoicing
Invoices and payments recorded in the CRM post to your ledger, so sales and receivables do not have to be entered a second time. See invoicing software.
Control what you spend
Raise purchase orders, convert them into vendor bills, record payments made and track expenses by category.
Tax time without the scramble
The VAT return report summarizes the tax on your sales and purchases for any period you choose.
Banking on Enterprise
Enterprise workspaces add bank accounts and transfers between them on top of the Business accounting module.
Financial reporting from live data
Because sales, payments and expenses are all recorded in Frostwood, financial reports are generated from live data each time you open them: balance sheet, cash flow statement, trial balance and statement of changes in equity, plus receivables and payables aging and customer and vendor statements.
Stock adjustments from the inventory module post to your inventory asset account, and dashboards give owners a daily snapshot of the business.
Accounting features
Ledger
- Chart of accounts
- Manual journal entries
- Postings from invoices and payments
- Currency adjustments
Payables
- Vendors
- Purchase orders
- Vendor bills
- Payments made
- Expenses
Reports
- Balance sheet
- Cash flow statement
- Trial balance
- Equity statement
- VAT return
- Receivables and payables aging
Frequently asked questions
Can Frostwood CRM replace my accounting software?
For many small businesses, yes: it includes a chart of accounts, journals, bills, expenses and the core financial statements. If you work with an external accountant, you can export reports and share them.
Is accounting included?
Yes. Accounting, purchasing, banking and financial reports are included, free.
Is there a VAT report?
Yes. The VAT return report summarizes the tax on your sales and purchases for the period you choose.
Use Frostwood CRM free
Every feature is free for your business, with no credit card required. Set up your workspace in minutes, or let us walk you through it on a live demo.