8.7
Spot Score
Akaunting Review: Is It The Right Accounting Software For Your Team?
Best for SMB teams · Mid-market · Enterprise
Free Plan Available
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SpotSaaS Analysis for Akaunting
Akaunting is an open-source accounting solution ideal for accountants and small business owners managing finances for companies with 1-500 employees. With a 4.8/5 rating from just two reviews, it suggests a niche-loved tool rather than broadly validated.
Akaunting's open-source flexibility allows users to tailor the software to their specific needs, making it particularly appealing for small-scale e-commerce and fintech startups. Its easy income and expense tracking simplifies financial management, while web services integration enhances connectivity with other tools. However, users should be aware that it lacks advanced features, which might limit its appeal for more complex accounting needs.
Quick facts about Akaunting
What is Akaunting?
Akaunting is an easy-to-use accounting software. It keeps your business balanced and organized by categorizing income and expenses by tags. A powerful set of features, including web services integration, enables this open source accounting software to meet the growing needs of your business
Best For
Suited for solo users, small teams, SMBs, and enterprise
Security & Compliance
GDPRData residency:🇺🇸
Platform
Web + mobile app (iOS & Android)
Installed - Windows
Installed - Mac
Akaunting Software Demo
Akaunting was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.
Who should consider Akaunting
- Use cases
- Small-scale e-commerce, Fintech startups, Consulting firms
- Team types
- Accountants, Small Business Owners
- Company size
- 1-50 employees, 51-500 employees
- Workflow style
- Simple and streamlined
- Setup complexity
- Low
Why teams choose Akaunting
Intuitive and user-friendly interface with minimal learning curve
Open-source with self-hosting capabilities allowing customization
Multi-language and multi-currency support suitable for global use
Is Akaunting right for you?
Best open-source, user-friendly accounting for small to medium businesses.
Choose Akaunting if
- You need a customizable, self-hosted accounting solution with no core cost.
- Your business operates internationally requiring multi-currency and multi-language support.
- You prefer a simple, intuitive interface with minimal setup complexity.
Consider alternatives if
- You are a large enterprise needing advanced, specialized accounting features.
- You require extensive customer support and enterprise-grade service agreements.
What buyers should know before shortlisting Akaunting
Akaunting is an intriguing option for individuals and small businesses seeking a free, open-source accounting solution. Its standout features include an intuitive user interface, multi-language and multi-currency support, and the ability to self-host, making it versatile and accessible for users across various countries and industries.
The platform also offers great flexibility for developers, as it is built on robust modern frameworks like Vue. js and Laravel, allowing for easy module creation and functionality expansion.
For those on a budget, Akaunting's zero-cost core feature set is a significant advantage, enabling basic accounting tasks such as managing invoices and automating billing. However, while the software has notable strengths, it comes with caveats.
Some users have reported issues with app functionality and customer support, noting slow or unhelpful responses. Additionally, recurring billing concerns and allegations of poor service have surfaced in negative reviews.
Despite these challenges, Akaunting remains a compelling starter option for businesses that can navigate and troubleshoot its quirks.
Akaunting pros and cons
- Akaunting pros
Intuitive and user-friendly interface with minimal learning curve
Open-source with self-hosting capabilities allowing customization
Multi-language and multi-currency support suitable for global use
- Akaunting cons
Limited advanced features for large or complex organizations
Smaller user base leading to fewer community resources and integrations
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What is the pricing of Akaunting?
Akaunting reviews and ratings
Buyer sentiment
Buyers appreciate Akaunting’s ease of use, customization options, and cost-effectiveness, though some note limitations for larger or more complex businesses.
What buyers like
- Ease of use
- Customizability
- Cost effectiveness
Common complaints
- Limited advanced features
- Smaller community support
What users are saying
BW
Brett W
12/17/22
"Akaunting... nice app -- add-ons add up -- especially renewals... double billed - no accountability"
What do you like best about Akaunting? Akaunting is quite similar in UI and function as QuickBooks online and was lower cost of entry. The lead person ...
Read more
DD
Deividson D
05/23/22
"Experimenting the open source version of Akaunting"
What do you like best about Akaunting? We're experimenting the open source version of Akaunting As it was built using technologies like Vue.js and ...
Read more
AU
Anonymous User
04/20/22
"Akaunting review"
What do you like best about Akaunting? Akaunting Simple accounting software for direct use and not ambiguous What do you dislike about Akaunting?
LL
Lucas L
04/08/22
"Censored and banned for reporting a bug"
What do you like best about Akaunting? Core features are free and easy to use, it's open-source and self-hostable. What do you dislike about Akaunting?
UA
Usman Ahmed
03/31/22
Akaunting is a SCAM & Totally Fraud Company
Akauting is a group of scammers that charge your card illegally and unlawfully without your consent. When you ask for a refund, they simply refuse.
SM
Sameh M
01/12/22
"The worst software & customer support ever"
What do you like best about Akaunting? User interface & only user interface ... All apps that I used unfortunately have issue / bugs and their ...
Read more
What are the features of Akaunting?
The Accounts Payable feature within Akaunting streamlines the process of managing your company's outgoing payments. It allows users to easil…
Akaunting’s Accounts Receivable feature enables businesses to efficiently manage incoming payments. Users can create and send invoices, set…
The Bank Reconciliation feature automates the process of matching transactions recorded in Akaunting with those on your bank statements. By…
With the Billing and Invoicing feature, Akaunting facilitates the creation of professional invoices tailored to your business needs. Users c…
The Cash Management feature provides a comprehensive overview of cash flow within your organization. It allows users to monitor inflows and…
Akaunting’s Collections feature helps businesses streamline their receivables collection process by automating follow-ups for overdue invoic…
The Expense Tracking feature allows users to easily record and categorize business expenses in real time. With capabilities for attaching re…
With Fixed Asset Management, Akaunting assists businesses in tracking their long-term assets throughout their lifecycle. Users can log asset…
The General Ledger feature serves as the backbone of Akaunting’s accounting system by consolidating all financial transactions into one cent…
Akaunting’s Multi-Currency feature enables businesses to operate seamlessly across different currencies. Users can conduct transactions in v…
The Payroll feature streamlines the entire payroll process by allowing users to calculate wages, withhold taxes, and generate payslips for e…
Project Accounting allows businesses to track income and expenses associated with specific projects or jobs. Users can allocate costs direct…
The Purchasing feature simplifies procurement processes by enabling users to create purchase orders, track supplier information, and manage…
Revenue recognition is a generally accepted accounting standard (GAAP) that identifies and accounts for the exact criteria under which reven…
Spend management is the tried-and-true method of monitoring all supplier connections and company purchasing to identify and maximize every d…
A tax is a governmental mandatory financial charge or levy imposed on a taxpayer to fund certain public expenses. The taxation system is cri…
Akaunting security and data handling
Key compliance certifications and security features for IT and security teams evaluating Akaunting.
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Alternatives to Akaunting
Recommended
Streamline your finances with ease.
9.2
Very Good
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Why buyers keep looking beyond Akaunting
Users may seek alternatives to Akaunting if they require more advanced features, such as multi-currency support or comprehensive inventory management, which might not be fully supported in the current platform.
Some businesses might look for alternatives due to concerns about scalability, especially if they anticipate rapid growth and need software that can adapt seamlessly to increasing complexities.
Users experiencing limitations in customer support or documentation may explore other options that offer more robust assistance and resources for troubleshooting and learning.
Companies with specific industry needs may find that alternative accounting solutions provide tailored functionalities or compliance features that better align with their operational requirements.
Akaunting Support Options
Frequently Asked Questions About Akaunting
Common questions buyers ask before choosing Akaunting.
Akaunting is a Accounting Software. Akaunting offers Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing and Invoicing, Cash Management and many more functionalities.
Akaunting is a strong fit if: You need a customizable, self-hosted accounting solution with no core cost.; Your business operates internationally requiring multi-currency and multi-language support.. Consider alternatives if: You are a large enterprise needing advanced, specialized accounting features.; You require extensive customer support and enterprise-grade service agreements..
Buyers commonly note the following limitations of Akaunting: Limited advanced features for large or complex organizations; Smaller user base leading to fewer community resources and integrations; Potential need for developer resources to extend functionality.
Some top alternatives to Akaunting includes Xero, Zoho Books, Quickbooks, Sage Accounting (Sage One) and Sage Intacct.
Akaunting offers Freemium, Open-source pricing models
The starting price is not disclosed by Akaunting. You can visit Akaunting pricing page to get the latest pricing.
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Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
