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Akaunting

Score5 out of 10

1 Reviews and Ratings

What is Akaunting?

Akaunting is an online accounting software designed to assist small businesses in managing their finances and maintaining control over their cash flow. According to the vendor, Akaunting simplifies invoicing, online payments, and expense tracking. This software is tailored to meet the needs of small businesses and is utilized by various professions and industries, including freelancers, small business owners, consultants, startups, and service-based businesses.

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Top Performing Features

  • Plug-ins

    A number of third-party plug-ins are available to expand the core functionality of the software.

    Category average: 7.9

  • Dashboards

    Users can create, customize and share dashboards, which provide an overview of the most important metrics.

    Category average: 8.1

  • Custom reports

    Users can create custom reports.

    Category average: 8

Areas for Improvement

  • Accounts receivable

    This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

    Category average: 8.7

  • Self-service portal

    The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

    Category average: 8

  • Accounts payable

    This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

    Category average: 8.7

Best free accounting software for beginners

Use Cases and Deployment Scope

I am using Akaunting to keep the accounting record of my websites. I'm using it to keep a record of my sales as well as purchases from my vendors. The software is super easy to use and can be installed into my own hosting as well which is cool and is also open source.

Pros

  • Easy to use.
  • Can be installed into own hosting.
  • Have lots of features.

Cons

  • They should make their add ons more cheaper.
  • And they should make few add ons free which are essential.

Return on Investment

  • Akaunting has helped me a lot since I started using it.

Alternatives Considered

Zoho Bookings, QuickBooks Online, Xero and FreshBooks

Other Software Used

FreshBooks, Axero, QuickBooks Online

Usability