Akaunting vs FreeAgent

Akaunting is web-based accounting software for creating invoices, capturing receipts, tracking inventory, using bank feeds, and providing accountant access. Automated reconciliation is not available. A free plan is listed, alongside cloud and on-premise paid plans. Standard Cloud costs $12 a month and includes one company, one user plus one accountant, 1,000 invoices, and four apps. Premium Cloud costs $36 a month for 10 companies, 10 users, 10,000 invoices, and 10 apps. Elite Cloud costs $84 a month for 30 companies, 30 users, 30,000 invoices, and 30 apps. Ultimate Cloud costs $218 a month with unlimited companies, users, and invoices and all apps. On-premise Premium costs $72 a year and Elite $168 a year; Standard On-Premise has no listed price. Akaunting was founded in 2017.

FreeAgent is accounting software for business administration, invoicing, expenses, tax reporting and business reports. It builds real-time accounts from bank statements, invoices and expenses, with Profit and Loss, Balance Sheet and Trial Balance reports. Users can create recurring invoices, automate late-payment reminders, turn estimates into invoices and accept payments through Stripe and PayPal. FreeAgent can generate MTD-compatible VAT returns and file them directly to HMRC; payroll calculates PAYE and National Insurance and can submit Real Time Information payroll to HMRC. Its iOS and Android apps cover expense recording, time tracking, invoice management and bank transaction reconciliation. It supports bank feeds from most UK banks via Open Banking and connections to HMRC for MTD VAT. The software is designed for small businesses, accountants and bookkeepers. A free plan is listed, alongside paid plans such as Sole trader at £10 a month and Limited company at £33 a month. Smart Capture includes up to 10 receipts and bills per month as standard; a paid Unlimited add-on removes that cap.