Akaunting

Open Source

Free open source accounting. Invoicing, expenses, and reporting.

Generous Free TierOpen Source

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About 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.

Key Features

Invoicing

Bills

Banking

Expense tracking

Reports

Multi-currency

Client portal

App marketplace

Pros & Cons

Completely free self-hosted

Full accounting features

Multi-language

Self-hosting required

Some features are paid add-ons

UI not the most modern

The free plan in practice

What you can actually do on Akaunting's free plan (Unlimited if self-hosted), where it stops, and when it's worth paying.

What you can do free

Invoicing
Expense tracking
Banking
Reports
Multi-currency
Client portal

Where it stops

Self-hosting for free
Some modules are paid add-ons

When to upgrade to a paid plan

Akaunting is open source, so self-hosting is free and unlimited. The only reason to pay is convenience: choose a hosted or cloud option when you'd rather not run and maintain it yourself, or need official support.