Akaunting

Akaunting helps small businesses manage invoicing, expense tracking, bookkeeping, and financial reporting online.

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  • Overview
  • Features
  • Pricing
  • Pros
  • Cons
  • Reviews

Akaunting Overview

  • Updated December 4, 2025

Akaunting is a free, open-source, cloud-based accounting software designed for small businesses and freelancers. It offers tools for invoicing, expense tracking, bookkeeping, and financial reporting, with features like multi-currency support, bank reconciliation, and a client portal.

Built with modern technologies like Laravel, it ensures privacy and scalability. Users can manage multiple companies, automate tasks, and access 50+ apps via its App Store, all with no hidden fees.

Key Features

  • Invoicing: Create, manage, and track professional invoices with payment reminders and automation for efficient billing.
  • Expense Tracking: Record and categorize expenses, attach receipts, and monitor spending for accurate budgeting.
  • Bank Reconciliation: Sync bank accounts to automatically match transactions, reducing errors and saving time.
  • Financial Reporting: Generate customizable reports like profit and loss, balance sheets, and cash flow statements.
  • Multi-Currency Support: Handle transactions in multiple currencies with automatic exchange rate updates for global businesses.
  • Tax Management: Calculate taxes, generate tax reports, and ensure compliance with local regulations.
  • Client Portal: Provide clients secure access to view invoices, make payments, and communicate directly.
  • Multi-Company Management: Manage finances for multiple businesses within a single Akaunting account.
  • App Store Integration: Access 50+ apps for extended functionality, like e-commerce or payment gateway integrations.
  • Open-Source Customization: Modify the software’s code to tailor features to specific business needs.
  • Cloud-Based Access: Access financial data anytime, anywhere via web browsers or mobile apps.
  • General Ledger: Centralize all financial transactions for accurate record-keeping and reporting.
  • Accounts Payable/Receivable: Track payments owed to suppliers and monitor customer payments efficiently.
  • Multi-Language Support: Use the software in over 15 languages for global accessibility.
  • Open API: Integrate with third-party tools like WooCommerce, Stripe, or Mailchimp for enhanced functionality.

Price

Plan Name Monthly Price (Monthly Billing) Monthly Price (Annual Billing)* Includes
Standard Cloud $12 $8 1 Company, 1 User (+1 Accountant), 1,000 Invoices, 4 Apps Included (from their App Store), Ticket Support, Unlimited Customers, Vendors, Reports, Products/Services, Multiple Currencies
Premium Cloud $36 $24 10 Companies, 10 Users, 10,000 Invoices, 10 Apps Included, includes all Standard features plus Double-Entry, Bank Feeds, Expense Claims, Roles & Permissions, Client Portal
Elite Cloud $84 $56 30 Companies, 30 Users, 30,000 Invoices, 30 Apps Included, includes Premium features plus Estimates (Quotes), Payroll, Projects, Inventory, CRM, Receipt Scanning, Shopify & Stripe integrations
Ultimate Cloud $218 $145 Unlimited Companies, Users, Invoices, All Apps Included — plus Budgeting, Credit & Debit Notes, Sales & Purchase Orders, POS, Custom Fields, Auto-Scheduled Reports, and all 50+ apps available

Check Pricing details: https://akaunting.com/plans

Pros

Competitor Pros of Akaunting
QuickBooks Akaunting is open-source and free for self‑hosting, which means you can run it without any license fees. That gives you flexibility and control that QuickBooks, which only offers paid tiers, does not. You get a clean and pleasant interface, which many users find easier to navigate than QuickBooks, which some call overwhelming.
Xero Akaunting offers an uncluttered, user-friendly UI that some users prefer over Xero’s interface, especially those frustrated by Xero’s bank feed issues or complexity.
Zoho Books Akaunting delivers a simple all-in-one accounting solution that is easy to navigate, while Zoho Books, with its many integrations, can feel overwhelming for users seeking simplicity.
FreshBooks Akaunting keeps things straightforward with core accounting tools like invoicing, expenses, and reports. FreshBooks, while sleek, focuses more on service-based business features such as time tracking and may feel like overkill if all you need is simple bookkeeping.
Wave Akaunting’s open-source nature sets it apart. You aren’t locked in to a hosted, vendor-controlled platform. You have full control over your data, and you can use it indefinitely for free if self-hosted, unlike Wave, which is free but cloud-only.

Cons

Competitor Cons of Akaunting
QuickBooks QuickBooks offers a smoother, more polished user experience, especially around bank feeds, tax automation, and support. Akaunting lacks built‑in bank feeds and forces users to pay for many advanced features as separate apps, which can become costly.
Xero Xero has stronger integration options, real-time bank syncing, and more advanced reporting. Akaunting’s bank-feed functionality is weak and it lacks the seamless integrations that Xero users often rely on.
Zoho Books Zoho Books scales easily and offers automation, tax support, mobile apps, and customer support. Akaunting can feel limited in features and responsiveness, and users report poor support experience and buggy updates.
FreshBooks FreshBooks is designed for freelancers and includes features like time tracking, project tracking, and smarter invoicing. Akaunting sticks to basic accounting and lacks these specialized, service-business tools.
Wave Wave offers seamless payroll, payment processing, and integrated bank connections—all free (or low cost). Akaunting requires paid apps for advanced functions, and users complain about bugs, poor support, and frequent breakdowns after updates.

Customers' Reviews From Reliable Websites

Trustpilot Review
G2 Review
Reddit Review
Capterra Review
Software Advice Review