Akaunting - Free Accounting Software

[marcusquinn]

@JOduMonT IMHO the US banks are far behind the EU & UK for Open Banking (and the fun n games with chip n pin).

Although I do like having a stash go $2 notes when I'm over

Some links for fun reading:

https://www.openbanking.org.uk
https://plaid.com
https://www.yodlee.com/financial-products/api-apps-data

TBH I wouldn't reinvent wheels and just use https://xero.com for it's integrations and https://integromat.com APIness.

I loath robotic chores, so always try to workflow anything like that even if it's via files to a dropbox or email.

While we're here, big fan of https://transferwise.com for international banking, worth a look for anyone interested in something with an API and decent service.

[necrevistonnezr]

@marcusquinn said in Akaunting - Free Accounting Software:

@JOduMonT IMHO the US banks are far behind the EU & UK for Open Banking (and the fun n games with chip n pin).

That’s because the EU is by now quite effective and much more effective than most people give it credit for: Online Banking - inter alia - is subject to the (revised) Payment Directive (https://en.wikipedia.org/wiki/Payment_Services_Directive).

[jdaviescoates]

@marcusquinn said in Akaunting - Free Accounting Software:

TBH I wouldn't reinvent wheels and just use https://xero.com for it's integrations

Free Agent also automatically imports most stuff using Open Banking (although I've still had to use a tiresome process of converting PDF statements to CSV in order to get older data that Open Banking doesn't suck in)

[marcusquinn]

@jdaviescoates Tabular helps me with that if you're not already aware of it: https://forum.cloudron.io/topic/2814/tabula-extracts-table-data-from-pdfs-wen-copy-paste-often-doesn-t?_=1594815634825

[jimcavoli]

@girish said in Akaunting - Free Accounting Software:

Thanks for helping us out @denisdulici ! The work is happening here - https://git.cloudron.io/cloudron/akaunting-app/

Dead link; status seems unknown. Have you got an update on the old effort and/or would a new pass be more useful?

[girish]

@jimcavoli For some reason that repo was private, I have made it public now.

[avatar1024]

Is there anyone still working on this? Or is there any update of some kind? Would be great to have it on the app store

[timconsidine]

@marcusquinn big for Wise (formerly TransferWise)
More cost-effective than the big 4 for international transfers (and seems faster in my experience)
Nice API for batch payments, e.g. upload payroll for staff
Nice users can get a little bonus with a referral code from current users (e.g. @marcusquinn or myself)

Ref Akaunting, I haven't been able to check if it is adequate for UK users, e.g. HMRC drive towards 'Making Tax Digital', most notably submission of VAT returns. If Akaunting does support this, then it's interesting, otherwise (for me anyway) it doesn't work well.

[jdaviescoates]

@timconsidine said in Akaunting - Free Accounting Software:

If Akaunting does support this, then it's interesting, otherwise (for me anyway) it doesn't work well.

I've not double checked, but I doubt you can submit anything anywhere with Akaunting, just keep track of and prepare figures.

Similarly, I don't think Akaunting (nor any other open source web accounting software I'm aware of) will automatically import bank feeds etc either (I don't mind submitting my own accounts and tax returns, but I can't live without automatically importing transactions!)

I use FreeAgent (10% off a subscription with that link) which works very well for my circumstances.

Lots of people seem to use Xero too.

[timconsidine]

@jdaviescoates I'm using FreeAgent too - free if you are with Natwest !

Very happy with Quickfile too - written by / for accountants, but good for business too.

I like Hledger also ... but it's quite hard-core - accounting with text files ! And of course no VAT submission options.

Taxcalc is great for CoHouse/HMRC submissions : not cheap, but top notch. Written for accountants so really good (if you know what you're doing !)

Shame about Akaunting but if FreeAgent start charging me, I might give it a go.

[jdaviescoates]

@timconsidine said in Akaunting - Free Accounting Software:

Natwest

Allow me to suggest divesting from banks that still fund fossil fuel projects

NatWest has been lending to some very questionable fossil fuel friends.

And it's not just a little here and there, we’re talking about $13 billion in the 5 years since 197 countries agreed to drastically reduce their greenhouse gas emissions in the Paris Agreement.

See
https://bank.green/banks/natwest

I recommended Starling Bank for business banking and Nationwide for personal banking

[timconsidine]

@jdaviescoates yes, it is on my plan

[jdaviescoates]

@timconsidine

[yusf]

@jdaviescoates said in Akaunting - Free Accounting Software:

I don't think Akaunting (nor any other open source web accounting software I'm aware of) will automatically import bank feeds etc either

Paid plugin will https://akaunting.com/apps/bank-feeds

[jdaviescoates]

@yusf said in Akaunting - Free Accounting Software:

@jdaviescoates said in Akaunting - Free Accounting Software:

I don't think Akaunting (nor any other open source web accounting software I'm aware of) will automatically import bank feeds etc either

Paid plugin will https://akaunting.com/apps/bank-feeds

Thanks!

Now, I'm very interested!

[marcusquinn]

@timconsidine for Quickfile - one of my favourite non-open-source apps.

[andreasdueren]

What is the current status of Akaunting? I tried installing it in a LAMP stack but that doesn't seem to work

[andreasdueren]

So I have been trying to install akaunting within a LAMP stack with limited success. There is an error during installation, but it runs fairly normal after that. However, some plugins don't work properly and updating via GUI/CLI doesn't work. Support narrowed it down to the path of the PHP executable not being correct and gave me this link: https://akaunting.com/hc/docs/faq/i-cant-install-apps/

I would like to try this out by changing the PHP path in the env as described in the documentation:
APP_PHP_PATH="/usr/bin/php8.0"

@girish Could you help me with this? Is it /etc/php/8.1?

[girish]

@andreasdueren said in Akaunting - Free Accounting Software:

APP_PHP_PATH="/usr/bin/php8.0"

I guess this is an Akaunting variable ? If so, this would be /usr/bin/php8.1 in the lamp app.

[avatar1024]

@andreasdueren Did you have any more luck in making Akaunting functional?