Financial Accounting Free is a financial/business double-entry accounting app for small and medium businesses.
FA Free has powerful, in-built features that are designed to meet the needs of your business. Its simple user interface allows you to maintain your company books. It is based on professional accounting principles to ensure balanced books and accurate reports.
Just enter your daily vouchers and let FA Free do all the double-entry accounting.
Key Features:
•Maintain individual ledgers/accounts.
•Enter daily transactions. (only 100 allowed)
•Automatic computation of profit/loss.
•View reports (Trial Balance, P&L A/C, Trading A/C, Balance Sheet etc.) for the period specified.
Inventory Management:
•Create individual inventory items with your own units of measure.
•Record purchase/sale/purchase return/sales return voucher entries of these items.
•Automatic valuation of closing inventory based on FIFO.
•Inventory Summary displaying the closing value of each inventory item.
•Detailed reports of each inventory item.
Tax handling
•Create separate tax accounts for input/output tax
•Enter purchase/sale vouchers with taxes
•Generation of Tax Computation report
•Easy filing of tax returns
Upcoming features:
•Support for more foreign languages
Thanks a lot this app similar to tally. But only disadvantage is backup. Backup option not exist.