Free Open Source Accounting Software: TurboCash

For Small and Medium Enterprises managing accounts is one challenge, they always find hard to address. They find the challenge of focusing more on their core offering rather than the other aspects of the business. Especially in cases of start-ups accounting and other activities take a bask seat as the focus is on sales and core offerings in order to rise up the value chain for its customers. Also many in most of the SMEs, the core team which starts a company, might not really be well versed with accounting and the related procedures, this also gives a certain hit to accounting procedures, which obviously poses a major challenge for the company, in terms of making scaling up decisions. Also this hinders the process of raising investments.

Being a Non Accountant, Can Technology Help me?

Now that's the interesting part. Many of the start-ups and SMEs in India might not have sound accounting team on board and hence it becomes a challenge for them to understand the nuances and manage theirs accounts. Now you can use TurboCash to keep your business on the right track and manage.

What is TurboCash?

TurboCASH .7 is an open source accounting package that is free for everyone to download and distribute under the terms of the General Public Licence (GPL). It is one of the world's first fully-featured open source accounts packages for small businesses.

TurboCASH accounting software is flexible. It can be configured for any country and any small business. We currently have chart of accounts available for free download for the UK and USA. More countries and languages are being added continually. We strive to provide powerful small business accounting software that doesn't break the bank.

What are the various features of TurboCash?                                                

• Easy setup wizards
• Country-specific accounts
• Design your own invoices 
• Multi-lingual
• Create your own accounts chart
• Multi-company
• Easy Setup 
  

• Powerful Accounting Software
• 256 batches
• 10 bank accounts
• 999 sets of books 
• 12000 accounts & 24000 sub-accounts
• 40000 debtors & creditors
• 64000 stock items

• Accounts
• Debtors/Creditors
• General Ledger
• VAT/GST accounting
• Full stock control

• Transactions
• Batch entry system
• Invoices/Quotations
• Orders/Purchases
• Credit notes/Stock returns
• Bank reconciliation
• Point of Sale

• Comprehensive Reporting
• Trial Balance, Cash Flows
• Income Statement, Balance Sheet
• Debtors/Creditors Analysis 
• Stock Items Analysis
• Sales and Purchase Analysis
• Customised User Reports
• VAT/Tax Reports

• Misc
• Multiple users
• Year end procedures
• T-account viewer
• XML Import/Export
• Plugins
• Backup/Restore
• Context-sensitive help

How do I get TurboCash Accounting?

Being an open source software, you can simply download TurboCash Accounting from the following URL: http://turbocashuk.com/accounting-software-download.html Also you can get access to the developer code which allows you to build over the basic functionalities of the software and customize them according to your need.

There are many such online platforms available, which are benefiting the Small and Medium Enterprise segment. To know more, get in touch with the experts at IndiaMART Knowledge Services. Do drop in a comment to this post to let us know what else would you want us to share about!