Akaunting

Akaunting is a free, open source accounting software that you can self-host or use via the cloud. It covers invoicing, expense tracking, and financial reporting for small businesses.

What You Get

• Invoicing - Create and send professional invoices
• Expense tracking - Categorize and manage business expenses
• Financial reports - Profit and loss, balance sheet, and cash flow reports
• Bank connections - Import transactions from your bank
• Client portal - Let clients view invoices and make payments
• Multi-currency - Handle transactions in different currencies
• Inventory tracking - Basic inventory management

What to Know

Self-hosting is free with no limits. The cloud version has a free tier with basic features. Akaunting has an app marketplace for extending functionality, but many apps are paid add-ons. The interface is clean and modern, but the feature set is not as deep as Wave for US/Canada businesses.