Akaunting
Akaunting provides free, open-source accounting software for small businesses and freelancers, available as both a self-hosted on-premise product and a cloud SaaS, with paid cloud subscriptions, premium apps, and partner programs as monetization layers across 100+ countries.
- Company typePrivate
- Founded2017
- HeadquartersIstanbul
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Akaunting does
Akaunting is a private open-source accounting software company headquartered in Istanbul, Turkey, founded in 2017 by Cüneyt Şentürk (CTO) and Denis Dulici (CEO). The company targets small businesses, freelancers, and small-to-medium enterprises globally, offering a free, downloadable on-premise version with full source code access alongside a hosted cloud SaaS product. Its core platform is built on Laravel (PHP) with MySQL/PostgreSQL database support, a RESTful API, Docker containerization, and OAuth-based social login, and is localized in over 50 languages through volunteer translations.
The product suite spans core accounting (invoicing, expense tracking, payments, cash flow, double-entry bookkeeping) plus an apps marketplace with modular add-ons including Double-Entry, Inventory, Projects, Payroll, CRM, Expense Claims, Bank Feeds (via Plaid), Estimates, and Custom Fields, with integrations to Stripe, Mindee (OCR), and an AI accounting assistant via an MCP server for ChatGPT. Distribution combines self-serve cloud signup, on-premise downloads, one-click hosting partnerships with DigitalOcean, Linode, and A2 Hosting, an Accountant Partner Program, and SEO-driven comparison pages positioning Akaunting as a free alternative to QuickBooks, Xero, Zoho Books, FreshBooks, Wave, FreeAgent, and Invoice Ninja. The company is GDPR-compliant.
Akaunting monetizes through a freemium model: the on-premise Standard plan is free with full source code, cloud subscriptions convert users from free to paid tiers, on-premise premium plans start at $72, and the apps marketplace generates subscription and one-time revenue from premium modules such as Bank Feeds, Double-Entry, Projects, and Inventory. Additional revenue comes from professional services, white-label solutions, and dedicated support for enterprise deployments. To date, the company has raised approximately $618K across multiple small seed and pre-seed rounds from Turkish investors including Teknogirişim GSYF, Turk Telekom PILOT, Lonca Girişimcilik Merkezi, and KWORKS, and reports 300K+ users across 100+ countries with 10M+ invoices sent on the platform.
Akaunting firmographics
Firmographics- Name
- Akaunting
- Legal name
- Akaunting
- Website
- https://akaunting.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Akaunting provides free, open-source accounting software for small businesses and freelancers, available as both a self-hosted on-premise product and a cloud SaaS, with paid cloud subscriptions, premium apps, and partner programs as monetization layers across 100+ countries.
- Ownership category
- akta.pro rank
Where Akaunting is headquartered
LocationHeadquarters
- HQ city
- Istanbul
Markets served
Akaunting business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Cloud Subscriptions: Recurring subscription revenue from cloud-hosted version with premium tiers offering additional features, multi-company support, and priority support
- On-Premise Premium: Paid plans for self-hosted installation with extended features and support options (e.g., $72 package mentioned in forum)
- Apps Marketplace: Revenue from premium apps including Bank Feeds, Double-Entry, Projects, Inventory, and other extensions available through the app store
- Professional Services: Dedicated support and custom development services for enterprise deployments, data migration assistance, and white-label solutions
- Freemium Core: Free open-source Standard plan for on-premise deployment drives user acquisition with conversion potential to cloud and premium apps
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free cloud entry tier with basic features |
| Subscription | Monthly | Unlimited Cloud Plan with custom branding and domain |
| Freemium | One time/ perpetual license | On-Premise Standard - Free |
| Subscription | Annual | On-Premise Premium - Paid |
| Subscription | Monthly | Premium Apps |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Akaunting product offering
Product offeringCore offering
Akaunting is a free, open-source online accounting platform for small businesses and freelancers, delivered as both a cloud SaaS (Akaunting Cloud) and a self-hosted on-premise download (Akaunting On-Premise). The core product provides invoicing, expense tracking, transaction categorization, cash flow monitoring, and financial reporting, and is extended through a modular apps marketplace that includes Double-Entry bookkeeping, Inventory, Projects, Payroll, CRM, Expense Claims, Bank Feeds (Plaid), Estimates, and Custom Fields. A RESTful API and an AI integration via the Akaunting MCP server (ChatGPT) enable extensions, custom integrations, and natural-language queries on accounting data, with multi-language and multi-currency support across 100+ countries.
Product overview
Akaunting is a free, open-source online accounting software platform designed for small businesses and freelancers. The platform is available in two deployment models: Akaunting Cloud (hosted SaaS with automatic updates) and Akaunting On-Premise (self-hosted downloadable version with source code access). The core product includes essential accounting features such as invoicing, expense tracking, payment recording, and financial reporting. The platform operates a modular app ecosystem extending core functionality through add-on modules including: Double-Entry (chart of accounts and general ledger), Inventory (stock and warehouse management), Projects (task and time tracking), Payroll (employee payroll processing), CRM (customer relationship management), Expense Claims (mobile expense approval), Bank Feeds (automatic bank transaction import via Plaid), Estimates/Quotes, and Custom Fields. Additional features include a Client Portal for client self-service and bulk payments, multilingual support in 50+ languages, multi-currency capabilities, and an AI-powered ChatGPT integration (Akaunting MCP server) for natural language querying of accounting data. The platform is targeting the global SME market with presence in 100+ countries and 300K+ users.
Differentiator
Problem solved
Functional benefit
Products and services
- Akaunting Cloud Fully hosted, browser-based online accounting software with automatic updates and data backup managed by Akaunting; accessible from computer, tablet, and phone.
- Akaunting On-Premise Self-hosted downloadable accounting software installed on the user's own server with full source code access; the Standard plan is free and premium plans start at $72.
- Double-Entry App Add-on accounting module providing double-entry bookkeeping with Chart of Accounts, Balance Sheet, General Ledger, Trial Balance, and manual journal entries.
- Inventory App Add-on module for stock and warehouse management supporting product groups, variants, stock adjustments, and transfer orders.
- Projects App Add-on module for project management, organizing tasks, collaborating with teams, tracking time, and delivering on milestones.
- Payroll App Add-on module for employee payroll management offering multiple pay calendars and print-ready payslips.
- CRM App Add-on module for customer relationship management, tracking every step of the customer journey, managing leads, and pipelines.
- Expense Claims App Add-on module for managing, reviewing, and approving employee expense claims on mobile devices.
- Bank Feeds App Add-on module providing automatic bank transaction import via Plaid, enabling matching and reconciliation of transactions.
- Estimates (Quotes) App Add-on module for generating quotes and estimates for prospective clients before converting them into invoices.
- Custom Fields App Add-on module allowing customizable fields to adapt data entry forms to specific business needs.
Quantifiable outcome
- Users have sent over 10 million invoices with no limits on the free tier
- +1 more outcomes
Companies that use Akaunting
Customer profileSegments4 records
Ideal customer profiles3 records
Akaunting technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability2 records
Feature6 records
Akaunting partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Accountant Partner Program MemberscoreNetwork of accountants and bookkeepers who recommend Akaunting to their small business clients; program offers referral benefits
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Akaunting competitors and assessment
Company assessmentMarket position
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Akaunting social profiles
Digital presenceAkaunting compliance and trust
Trust signalCompliance1 record
Akaunting financial estimates
Financial estimateRevenue estimate
Valuation estimate
Akaunting leadership team
Management profileNumber of profiles
Profiles2 records
Akaunting funding detail
Funding detailFunding overview
Funding rounds5 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Akaunting M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Akaunting
What does Akaunting do?
Akaunting is a free, open-source online accounting platform for small businesses and freelancers, delivered as both a cloud SaaS (Akaunting Cloud) and a self-hosted on-premise download (Akaunting On-Premise). The core product provides invoicing, expense tracking, transaction categorization, cash flow monitoring, and financial reporting, and is extended through a modular apps marketplace that includes Double-Entry bookkeeping, Inventory, Projects, Payroll, CRM, Expense Claims, Bank Feeds (Plaid), Estimates, and Custom Fields. A RESTful API and an AI integration via the Akaunting MCP server (ChatGPT) enable extensions, custom integrations, and natural-language queries on accounting data, with multi-language and multi-currency support across 100+ countries.
Is Akaunting a public or private company?
Akaunting is a private company. It is classified as venture growth investor backed and is currently operating.
When was Akaunting founded?
Akaunting was founded in 2017. It employs 11 to 50 people.
Where is Akaunting based?
Akaunting is headquartered in Istanbul.
How does Akaunting make money?
Five revenue lines are on record. Cloud Subscriptions are the primary driver. The others are on-Premise Premium, apps Marketplace, professional Services and freemium Core.
Does Akaunting have an API?
Yes. Akaunting provides a RESTful API for developers to integrate and extend the platform. API endpoints have been added for various modules including Projects app, and the platform supports OAuth 2.1 authentication for AI integrations. The API allows access to accounting data including invoices, bills, transactions, contacts, and financial reports. Documentation is available at /developers with RESTful API documentation referenced in forum discussions. Developer documentation is at akaunting.com/hc/docs/developers.