Best Free Fund Accounting Software of 2026

Compare the Top Free Fund Accounting Software as of June 2026

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What is Free Fund Accounting Software?

Fund accounting software helps nonprofit organizations, government agencies, educational institutions, healthcare organizations, and other fund-based entities track and manage financial resources according to specific funding sources, restrictions, and reporting requirements. These platforms enable organizations to separate and monitor revenues, expenses, assets, and liabilities by fund, grant, program, or project while maintaining compliance with regulatory and donor requirements. The software often includes features for budgeting, grant management, financial reporting, audit preparation, accounts payable and receivable, and multi-entity accounting. Many fund accounting solutions integrate with donor management, ERP, payroll, and fundraising systems to provide comprehensive financial oversight. By improving transparency, accountability, and compliance, fund accounting software helps organizations manage restricted and unrestricted funds more effectively and make informed financial decisions. Compare and read user reviews of the best Free Fund Accounting software currently available using the table below. This list is updated regularly.

1

Aplos

Aplos Software

Over 40,000 organizations trust Aplos. Aplos is the most advanced, all-in-one fund accounting platform and financial management suite on the market. Simply everything you need, affordably. Aplos is an easy-to-use accounting platform built to serve the needs of small to mid-sized nonprofit organizations. With Aplos, nonprofits can manage accounting tasks with ease, including tracking and accepting donations, building donor relationships, generating reports and contribution statements, and more. Support and training are also free with Aplos.

Starting Price: $59.25 per month

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2

AccountEdge

Priority Software US

AccountEdge is a powerful, easy-to-use, small-business accounting software for the Mac and Windows desktop. With AccountEdge, business owners can organize, process, and report on their financial information so they can focus on their business. Features include: accounting, integrated payroll, sales and purchases, contact management, inventory tracking, time billing, and more. Invoicing - Create and send customer invoices for products, services, or time and track payment status on open sales. Expenses - Manage your vendors, payments, and recurring transactions. Banking - Manage money in and out in as much detail as you want. With integrated bank feeds and auto-match, reconciling your accounts is a breeze. Payroll - Pay your employees and tracking their pay, accruals, and expenses is critical to your business. Inventory - Manage your items and services and track their stock by location to ensure you have enough products on hand.

Starting Price: $20/month

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3

USL Financials Accounting

USL Financials

USL Financials, Inc. is a leading provider of fund accounting financial enterprise management and procurement solutions. The company is focused on state and local governments, not-for-profit organizations, and educational and research institutions. USL Financials, Inc. has worked with state and local government agencies throughout the United States, from Virginia to California and New York to Texas. One of our specialties is helping clients who are required to electronically interface to state accounting systems, such as CalSTARS in California. USL Financials’ Financial Accounting Suite of Applications provide a fully-integrated, full encumbrance fund accounting system, offering all the financial management features needed today by not-for-profits and government agencies for making smart strategic decisions, achieving the highest level of fiscal accountability, and evaluating performance.

Starting Price: $50000 one-time payment

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4

Mazlo

Mazlo

Mazlo is a fintech company specializing in tailored banking solutions for nonprofits and fiscal sponsors. Our mission is to empower organizations to efficiently manage their finances and achieve their goals through exceptional service, advanced technology, and innovative banking tools. Mazlo streamlines financial operations, offering essential banking services, donor and vendor management, and simple accounting solutions designed specifically for nonprofits and fiscal sponsors. To cater to fund accounting needs, Mazlo creates separate bank accounts for each project, providing a clear separation of funds and ensuring compliance with regulatory requirements. This approach minimizes manual work, reduces errors, and allows organizations to focus on their mission.

Starting Price: $0

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