Akaunting

akaunting.com
Accounting Software
1-2 Weeks

Free Accounting Software for Small Businesses

How to Replace Akaunting

Overview

Akaunting is a free, open-source, and online accounting software designed for small businesses and freelancers. It provides comprehensive bookkeeping tools including invoicing, expense tracking, and financial reporting accessible from any device. The platform offers both free self-hosted and paid cloud versions with no transaction fees.

Features

67 features across 31 categories

Accessibility(1)

Mobile & Tablet Ready Interface

Access Akaunting on your Mac, PC, tablet or mobile phone with no limits

Also in: Justinmind, Justworks, Notion

Accounting(5)

Chart of AccountsPremium

The chart of accounts (COA) is a listing of the general ledger accounts to which amounts can be debited or credited

Credit & Debit NotesPremium

Issue credit/debit notes to your customers/vendors for returning goods

Double-Entry AccountingPremium

Chart of Accounts, Balance Sheet, General Ledger, Trial Balance, Accounts Payable, Journal Entries, Cost of Goods Sold

General LedgerPremium

Access a General Ledger for comprehensive financial management

Manual Journal EntriesPremium

Manual journal entries allow you to debit or credit amounts for the selected accounts. You can also add a short description for these adjusting entries

Also in: Jobber, Melio, Lemonway

Automation(3)

AutomationsPremium

Automatically trigger business-critical actions based on tasks performed in different apps and save yourself time and headache

Recurring Payment Reminders

Get reminders for recurring payments

Recurring Transactions

Automatically create invoices, revenues, bills, and payments for ongoing jobs with just a click

Also in: monday.com, Notion, Airtable

Banking(5)

Bank Accounts

Create unlimited bank and cash accounts and track their opening and current balances

Bank ConnectionPremium

Connect your bank accounts directly to Akaunting

Bank FeedsPremium

Import transactions securely to automate your bookkeeping and reports by connecting your bank accounts. Covers US, Canada, Australia, New Zealand, UK, and European countries

Deposits & Transfers

Add deposits to and transfers between accounts and keep the balance of your bank accounts active

Multiple Bank Accounts

Manage multiple bank accounts within the same system

Billing(1)

Invoicing

Send professional invoices to clients and accept online payments with no commission or transaction fees

Also in: Insightly, Airtable, Obsidian

Catalog(1)

List Products or Services

Create and list products or services for your business

Client Management(1)

Client PortalPremium

Give clients the ease of a client portal to share transactions and invoices and accept bulk payments

Also in: mycase, Litify, Acuity Scheduling

Communication(1)

Email Templates

Customize the content of emails sent to your customers as you wish

Also in: Jobber, Jira, Insightly

Compliance(3)

Regulations (GST, MTD, Form 1099)Premium

Get the regulations required by governments for tax filling and return such as GST, MTD, Form 1099, etc

Sales Tax Calculation

Automatically calculate sales tax for transactions

Tax Rates

Set up different names for each tax and link specific taxes to specific products or transactions

Customer Management(3)

Customer Management

Create clients and send invoices to them. You can also set a password so they could access the client portal

Customer Summary

See the customer profile, address, list of transactions, and paid, open, and overdue totals at a glance

Unlimited Customers

Create and manage unlimited customer profiles

Customer Relationship Management(1)

CRMPremium

Track every step of your customer journey, manage leads and opportunities, and analyze your sales pipeline

Customization(1)

Custom FieldsPremium

Add custom/extra fields to invoices, customers, items, accounts, transfers, bills, vendors, and more

Data Management(1)

Import From File

Import data from files into the system

Document Management(2)

Receipts (Scan Documents)Premium

Scan and upload receipts for document management and record keeping

Unlimited Attachments

Attach your business files and/or receipts to invoices, expenses, payments for original evidence

Expense Management(2)

Billable Expenses

Create and manage bills so your finances are always accurate and healthy. Know what and when to pay

Expense ClaimsPremium

The expense management feature is designed to help you get your business expenses done easily and collectively with all your team members

Financial Management(5)

Cash Flow Management

Stay on top of cash flow and make smarter decisions about your business

Crypto AssetsPremium

Support for cryptocurrency assets management

Expense Tracking

Keep track of mounting bills and expenses and monitor money flowing out

Live Currency Rates

The currency exchange rates are fetched from the most popular data providers

Multiple Currencies

Send invoices and add expenses in any currency and let the system convert them in your main currency

Financial Planning(1)

BudgetingPremium

Plan and measure the monies needed to manage your day-to-day, monthly and yearly expenses. Estimate your income/expenses and foresee any potential financial shortfalls

Human Resources(2)

Manage Employees

Create and manage employee profiles

PayrollPremium

Simplify your payroll management and reduce time spent on manual processes. Get on-demand employee information, and customize payment methods, benefits, and deductions

Integration(4)

App Store

Extend Akaunting without leaving the admin panel, you can install or purchase from 50+ apps

eCommerce PlatformsPremium

Sync your current and future products, customers, and orders from 10+ eCommerce platforms such as WooCommerce, Shopify, OpenCart, Magento, etc. with Akaunting

Shopify IntegrationPremium

Eliminate manual accounting and human error. This app will sync your current and future Shopify products, customers, and orders with Akaunting

Stripe IntegrationPremium

Get paid faster with Stripe and automatically sync payments to Akaunting invoices, saving time on manual updates and data importation

Inventory Management(1)

InventoryPremium

Stock management, SKU, item groups and variants, transfer orders, adjustments, warehouses, histories, and more

Localization(1)

Multilingual Admin & Client Panel

Manage your finances in your language. Switch between languages easily, instantly. Available in 50+ languages

Organization(3)

Billing Calendar

Manage your calendar regarding your books and reduces the probability of overdue payments

Multi-Company Management

Manage the finances of multiple companies from one admin panel and assign users to different companies

Transaction Categories

Create categories for incomes, expenses and items and see the flow of your business at a glance

Payments(1)

Payment MethodsPremium

Accept payments from 20+ payment providers such as Stripe, PayPal, Mollie, eWay, M-Pesa, Flutterwave, Klarna, PagSeguro, etc

Productivity(2)

Address Auto-complete

Address autocomplete allows you to accurately find and record the address details of your clients swiftly

Bulk Actions

Enable, disable, export, and delete records easily in batch mode

Project Management(1)

ProjectsPremium

Create tasks, assign them to teammates, discuss with your customers, track the time spent, and link to invoices/bills

Purchasing(1)

Sales & Purchase OrdersPremium

Have your sales and purchase orders in one place, simplifying your bookkeeping and accounting processes

Reporting(5)

Balance Sheet and Trial BalancePremium

Get balance sheet and trial balance reports as part of double-entry accounting features

Dashboards & Widgets

Create dashboards and widgets that serve different purposes and share them with your staff/accountant

Powerful Reporting

Get detailed financial reports to help you better visualize all the information you need to improve your business

Schedule ReportsPremium

Schedule your reports to be sent to your email address or other users in the organization and even to external people at different time intervals

Unlimited Reports

Generate unlimited financial reports

Retail(1)

Point of Sale (POS)Premium

Automate your retail with the Point of Sale app and increase your revenue. This app offers the best features for you to manage your shop integrated with Akaunting

Sales(3)

Discounts

Encourage client loyalty with your work by giving them a discount from the usual cost

Estimates (Quotes)Premium

Create estimates, communicate with customers, get approvals, and convert them into invoices

ProposalsPremium

Proposals app untangles your process and puts your team on the straight path to sales success. Create, send, and track sales documents

Security(3)

Fine-Grained Permissions

Configure permissions on a Role level to protect and simplify their management experience

Roles & PermissionsPremium

The Roles feature lets you create and edit the abilities of your team with a few simple clicks and gives you a clear view of the separation of duties

Two-Factor Authentication

Two-factor authentication, or two-step verification, is a type of multi-factor authentication that requires two methods for confirming your identity

Vendor Management(2)

Unlimited Vendors

Create and manage unlimited vendor profiles

Vendor Management

Create vendors so you could assign bills and payments to them and later filter their transactions easily

Pricing

Standard Cloud

$12/mo or $8/mo billed annually
  • 1 Company
  • 1 User + 1 Accountant
  • 1,000 Invoices
  • 4 Apps Included
  • Ticket Support
  • Unlimited Customers
  • Unlimited Vendors
  • Unlimited Reports
  • Unlimited Products/Services
  • Multiple Currencies
  • Bank Accounts
  • Multi Company
  • Powerful Reporting
  • Customer Summary
  • Various Payments
  • Tax Rates
  • Discount
  • Unlimited Attachments
  • Transaction Categories
  • Bulk Actions
  • Dashboards & Widgets
  • Deposits & Transfers
  • Vendor Management
  • Customer Management
  • Billable Expenses
  • Live Currency Rates
  • Billing Calendar
  • Two-Factor Authentication
  • Address Auto-complete
  • Recurring Transactions
  • Unlimited Customers
  • Unlimited Vendors
  • Unlimited Reports
  • Recurring Payment Reminders
  • Multiple Currencies
  • Manage Employees
  • List Products or Services
  • Sales Tax Calculation
  • Multiple Bank Accounts
  • Import From File
  • Email Templates
  • Fine-Grained Permissions
  • Mobile & Tablet Ready Interface
  • Multilingual Admin & Client Panel

Premium Cloud

$36/mo or $24/mo billed annually
  • 10 Companies
  • 10 Users
  • 10,000 Invoices
  • 10 Apps Included
  • Ticket Support
  • Everything in Standard, plus...
  • Double-Entry
  • Bank Feeds
  • Expense Claims
  • Roles & Permissions
  • Client Portal
  • Unlimited Customers
  • Unlimited Vendors
  • Unlimited Reports
  • Recurring Payment Reminders
  • Multiple Currencies
  • Manage Employees
  • List Products or Services
  • Sales Tax Calculation
  • Multiple Bank Accounts
  • Import From File
  • Bank Connection
  • Chart of Accounts
  • Balance Sheet
  • Trial Balance
  • Manual Journals
  • General Ledger

Elite Cloud

$84/mo or $56/mo billed annually
  • 30 Companies
  • 30 Users
  • 30,000 Invoices
  • 30 Apps Included
  • Ticket Support
  • Everything in Premium, plus...
  • Estimates (Quotes)
  • Payroll
  • Projects
  • Inventory
  • CRM
  • Receipts (Scan Documents)
  • Shopify
  • Stripe
  • Unlimited Customers
  • Unlimited Vendors
  • Unlimited Reports
  • Recurring Payment Reminders
  • Multiple Currencies
  • Manage Employees
  • List Products or Services
  • Sales Tax Calculation
  • Multiple Bank Accounts
  • Import From File
  • Bank Connection
  • Chart of Accounts
  • Balance Sheet
  • Trial Balance
  • Manual Journals
  • General Ledger

Ultimate Cloud

Popular
$218/mo or $145/mo
  • Unlimited Companies
  • Unlimited Users
  • Unlimited Invoices
  • All Apps Included
  • Ticket Support
  • Everything in Elite, plus...
  • Budgeting
  • Credit & Debit Notes
  • Sales & Purchase Orders
  • Point of Sale (POS)
  • Custom Fields
  • Auto-Schedule Reports
  • Automations
  • Crypto Assets
  • Regulations (GST, MTD, Form 1099)
  • Proposals
  • Payment Methods
  • eCommerce Platforms
  • All 50+ Apps
  • Unlimited Customers
  • Unlimited Vendors
  • Unlimited Reports
  • Recurring Payment Reminders
  • Multiple Currencies
  • Manage Employees
  • List Products or Services
  • Sales Tax Calculation
  • Multiple Bank Accounts
  • Import From File
  • Bank Connection
  • Chart of Accounts
  • Balance Sheet
  • Trial Balance
  • Manual Journals
  • General Ledger

Cost Calculator

Keep Paying Akaunting

Monthly$12/mo
Yearly$144/yr
5-Year Total$720

Build It Yourself

Est. Build Time~10 hrs
Hosting$20/mo
DifficultyModerate

Total Cost Comparison

1 Year
SaaS
$144
DIY
$240
3 Years
SaaS
$432
DIY
$720
5 Years
SaaS
$720
DIY
$1.2k

DIY hosting estimate based on Vercel + Supabase free/pro tiers (~$20/mo). Build time estimated from 67 features at moderate complexity.

Build vs Buy

Should you build a Akaunting alternative or buy the subscription? Estimate based on 67 features.

Buy Akaunting

Better Value
Monthly cost$120/mo
3-year total$4,320
Time to deployDays

Build Your Own

Development cost$84,000
Maintenance$1,260/mo
3-year total$129,360
Dev time~7 months

Buying Akaunting saves ~$125,040 over 3 years vs building.

Estimates based on 67 features and a BuildScore of 3/5. Actual costs vary.

Integrations

13 known integrations

eWayFlutterwaveGoogle LoginKlarnaM-PesaMagentoMollieOpenCartPagSeguroPayPalShopifyStripeWooCommerce