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The best free accounting software is easy to use and enables you to see how well you're doing and who owes you money. start making tax digital today and run your business more efficiently with. You can choose to set up a bookkeeping system manually (using accounting books), electronically (spreadsheets) or use accounting software. unless you want to get familiar with bookkeeping practices, accounting software is the most efficient choice.. Since july 2010, the australian tax office withdrew support for e-record – their free electronic record-keeping system. for small businesses (like mine) this is a disappointment, while e-record was very simple it provided all the functionality necessary without the steep learning curve of other software ..
