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FreshBooks does 6 jobs: invoices, online payment of invoices, time tracking and billing for time, expense and receipt tracking, bank feeds and reconciliation, bookkeeping. Most projects replace one or two of them, so pick the job you actually need.
Open-source alternatives to FreshBooks that run locally, allow commercial use and need no paid API include InvoicePlane (invoices and online payment of invoices; MIT) and SolidInvoice (invoices and online payment of invoices; MIT). None of the 10 projects we track covers all 6 FreshBooks jobs, so most people combine two or more.
Laravel accounting app for small businesses with invoices, bills and an app store; free production use is capped at 2 users, 1 company, 1,000 invoices.
Double-entry accounting and inventory app with invoices, estimates, Stripe payment links, expenses, Plaid bank sync and financial reports.
Modular PHP ERP and CRM with proposals, invoices, online payments, bank accounts, accounting, expense reports and timesheets; GPL-3.0+.
Full open-source ERP on the Frappe framework; its accounting module handles invoices, payments and financial reports, with project timesheets.
Invoicing app with quotes, recurring invoices, payment gateways, expenses, task timers and a client portal; self-host or use the hosted SaaS.
Long-running MIT-licensed PHP app for quotes, invoices, clients, products, payment tracking with gateways, and simple reports.
Self-hosted invoicing for freelancers and small businesses (Crater-based); invoices, estimates, payments, expenses, recurring invoices and reports.
Self-hosted time tracker for freelancers and teams that turns billable timesheets into invoices; rates per customer, project or user.
LGPL business suite; the Community edition's Invoicing app sends invoices and takes portal payments, with Expenses and Timesheets apps.
MIT-licensed quotes, invoices, recurring billing and online payments via Stripe, PayPal and other gateways; Docker, single binary or hosted.
No project meets all of your requirements. The list below shows what you'd need to relax.
We hid them because something is missing, unknown or conflicting. Here's what.
Yes. Bigcapital, Odoo Community, Invoice Ninja, Dolibarr and ERPNext are free to download and run on your own computer without paid API keys. Each covers only part of what FreshBooks does, so check which job you need.
Yes, with Invoice Ninja (Elastic-2.0), Bigcapital (AGPL-3.0-only) and Odoo Community (LGPL-3.0-only). Check the hardware notes and licence conditions on each page before you start.
Yes, with Invoice Ninja (Elastic-2.0), Bigcapital (AGPL-3.0-only) and Odoo Community (LGPL-3.0-only). Check the hardware notes and licence conditions on each page before you start.
Confirmed: InvoicePlane and SolidInvoice. With conditions: Akaunting, Bigcapital, Dolibarr, ERPNext, Invoice Ninja, InvoiceShelf, Kimai and Odoo Community. This is not legal advice; read each licence.
Not as of 2026-10-16. Invoices, online payment of invoices, time tracking and billing for time, expense and receipt tracking, bank feeds and reconciliation and bookkeeping are covered by different projects.