Akaunting

Free accounting software for small businesses

Akaunting is an open-source and web-based accounting software platform tailored for freelancers and small businesses. It supports invoicing, expense tracking, and financial reporting, all from a simple, modern interface. Developed for global use, it also supports multi-language and multi-currency features.

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Akaunting At a Glance

8.4

Editorial Score

Excellent Free Accounting Tool

Akaunting is a standout option among free accounting tools, offering good functionality without a price tag. Its modern UI is especially helpful for small businesses just starting.

Open-Source Flexibility

The open-source nature allows developers to tailor the tool as needed, making it a great choice for tech-savvy teams or those who want control over their software.

Solid for International Users

Multi-language and multi-currency support make Akaunting an excellent fit for international freelancers or businesses operating in different regions.

App Marketplace is a Plus

Akaunting's app store offers a range of additional features, including payroll and inventory management, which improves its functional scope.

Some Features Locked Behind Paid Apps

While the core tool is free, many advanced functions require paid apps, which can limit value for users expecting full capabilities at no cost.

Akaunting Pros & Cons

Pros

Completely free core version
Open-source and developer-friendly
Modern and responsive UI
Multi-language and multi-currency support
Extensible through app marketplace

Cons

Advanced features require paid apps
Limited customer support for free users
Fewer integrations compared to major competitors
Can be overwhelming for non-technical users
Some features not as refined as paid alternatives

Key Points of Akaunting

Free and open-source accounting software

Supports invoicing, expense tracking, and reporting

Multi-currency and multi-language ready

Extendable via app marketplace

Accessible from anywhere via a web browser

Pricing Plans

Base subscription

$8 Per Month

Discounted rate

$5 Per Month

One time lifetime

$672 Per Month

Overview

Akaunting is a powerful option for small business owners and freelancers seeking an affordable solution to manage their finances. Built on Laravel (a popular PHP framework), the tool provides flexibility for developers who wish to customize their accounting system.

Its intuitive dashboard provides users with real-time visibility into their invoices, expenses, and financial reports. Akaunting’s online nature eliminates the need for desktop installation, allowing users to access their data from any internet-connected device.

While the core features are robust and entirely free, users who want advanced modules, such as payroll, recurring billing, or inventory management, must purchase add-ons via the app store. Akaunting’s community-centric development and frequent updates promise ongoing improvements and broader feature coverage in the future.

Overall, it’s an outstanding fit for users who want a free but scalable accounting platform.

Frequently Asked Questions

Is Akaunting really free?

Yes, Akaunting offers an entirely free core version with essential accounting functionalities. However, premium features may require the purchase of add-ons from their app marketplace.

Can I use Akaunting for multiple businesses?

Yes, Akaunting allows users to manage multiple businesses under a single account, making it ideal for freelancers or business owners with numerous entities.

Does Akaunting support payroll?

Payroll is not available in the base version, but you can add it by purchasing a corresponding app from the Akaunting marketplace.

Is my data secure with Akaunting?

Akaunting takes security seriously and offers SSL encryption. Users hosting the software themselves must ensure server security practices are in place.

Does Akaunting integrate with other tools?

Akaunting supports integrations through its app store, but may have fewer native integrations compared to larger competitors like QuickBooks or Xero.