Free accounting tools for businesses
Build financial statements, value stock, plan depreciation and estimate tax in minutes. Every tool is free to use and made by the team behind Tyms.
- Free to use
- Excel and PDF downloads
- No accounting degree needed
Financial statements and schedules
The four tools businesses use most. Enter your figures or start from a file, then download a clean report for your records or your accountant.
Financial statements
Income statement generator
Build a profit and loss statement from your own figures or a bank statement, with key ratios and an Excel download.
Financial statements
Balance sheet generator
Lay out assets, liabilities and equity on a chosen date, check that they balance and export the result to Excel.
Fixed assets
Depreciation schedule generator
Turn any fixed asset into a period-by-period depreciation schedule using straight-line or double declining balance.
Inventory
Inventory valuation calculator
Value closing stock and cost of goods sold with FIFO, LIFO or weighted average, one purchase at a time.
Checks, planning and invoicing
Quick tools for everyday decisions: see where your finances stand, work out how much you need to sell, and send a professional invoice.
Business check
Business health check
Answer 15 quick questions on profit, cash flow, expenses and tax, and get a plain-language report by email.
Open toolPlanning
Break-even calculator
Find how many units and how much revenue you need to cover your costs, and what it takes to hit a profit goal.
Open toolInvoicing
Invoice generator
Create a branded invoice with your logo, line items, tax and discounts, then download it as a PDF.
Open toolIncome tax calculators
Estimate income tax with brackets you can edit, for the United States, the United Kingdom, Nigeria, Germany and France.
Income tax
Income tax calculator from bank statements
Upload a bank statement and receive a US federal income tax estimate for self-employed income, built by AI.
Open toolIncome tax
Nigeria income tax calculator
Estimate personal income tax under the Nigeria Tax Act bands, including the tax-free first ₦800,000.
Open toolIncome tax
US federal income tax calculator
Estimate federal income tax for a single filer, with the standard deduction and editable brackets.
Open toolIncome tax
UK income tax calculator
Estimate Income Tax after the Personal Allowance, band by band, with rates you can adjust.
Open toolIncome tax
Germany income tax calculator
Get a quick Einkommensteuer estimate with the basic allowance and a simplified, editable rate table.
Open toolIncome tax
France income tax calculator
Estimate impôt sur le revenu per tax share using the progressive bands, with rates you can edit.
Open tool01
Built on real accounting rules
Each tool follows standard methods, from straight-line depreciation to FIFO stock costing, and explains the rules it uses on the page.
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Results you can keep
Download your results to Excel or PDF, file them with your records and share them with your accountant.
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A starting point, not the finish line
When you are ready to stop doing this by hand, Tyms keeps your books and reports current from your bank data.
Questions, answered
Common questions about our free accounting tools, what they cost and how they compare with Tyms.