Akaunting vs Patriot Accounting (2024 Comparison)
Akaunting offers a cost-effective, open-source accounting solution with a user-friendly interface. Its customizable features make it ideal for small businesses and freelancers seeking flexibility.
- Open-source and customizable
- User-friendly interface
- Cost-effective solution
- Limited payroll features
- Basic tax compliance tools
Free plan?
YesStarting price
$24 per month
Patriot Accounting provides comprehensive payroll and tax compliance tools, along with excellent customer support. It's perfect for businesses needing advanced accounting features and reliable assistance.
- Comprehensive payroll integration
- Advanced tax compliance
- Excellent customer support
- Higher price point
- Slight learning curve
Free plan?
YesStarting price
$8.50 per monthWhat is Akaunting?
Akaunting is a comprehensive accounting software designed to simplify financial management for small businesses and freelancers. It offers a range of features including invoicing, expense tracking, and financial reporting, all accessible from a user-friendly interface. Akaunting helps its customers by providing real-time insights into their financial health, enabling them to make informed decisions. With its cloud-based platform, users can access their financial data anytime, anywhere, ensuring they stay on top of their finances effortlessly.
What is Patriot Accounting?
Patriot Accounting is a robust accounting software tailored for small businesses, offering a suite of features that streamline financial tasks. It provides tools for managing invoices, tracking expenses, and generating detailed financial reports. Patriot Accounting helps its customers by automating routine accounting tasks, reducing the time spent on manual data entry, and ensuring compliance with tax regulations. Its intuitive interface and reliable customer support make it a valuable asset for business owners looking to maintain accurate financial records.
Pros and Cons of Akaunting vs Patriot Accounting
Pros & Cons of Akaunting
- Akaunting's open-source nature allows for extensive customization, making it a flexible choice for businesses with specific needs. Users can tailor the software to fit their unique requirements, ensuring a personalized experience.
- Akaunting offers a clean and intuitive interface, making it easy for users to navigate and manage their finances. Its straightforward design is ideal for those new to accounting software.
- Akaunting provides a cost-effective solution for small businesses and freelancers, offering a range of features at a competitive price. Its affordability makes it an attractive option for budget-conscious users.
- Akaunting's payroll features are limited compared to other accounting software, which may be a drawback for businesses with complex payroll needs. Users may need to seek additional tools for comprehensive payroll management.
- Akaunting offers basic tax compliance tools, which may not be sufficient for businesses with complex tax requirements. Users may need to supplement with additional software for comprehensive tax management.
Pros & Cons of Patriot Accounting
- Patriot Accounting offers a comprehensive payroll integration, with features such as direct deposit, tax calculations, and compliance with federal and state regulations. This makes it an ideal choice for businesses with complex payroll needs.
- Patriot Accounting provides advanced tax compliance tools, including automatic tax calculations and filing options. This ensures that businesses remain compliant with tax regulations, reducing the risk of errors and penalties.
- Patriot Accounting offers excellent customer support, with options such as phone support and live chat. This ensures that users receive timely assistance with any issues they may encounter, enhancing the overall user experience.
- Patriot Accounting's higher price point may be a drawback for budget-conscious users. However, its comprehensive features and excellent support options may justify the cost for businesses with specific needs.
- Patriot Accounting's advanced features may require a slight learning curve for new users. However, its intuitive interface and helpful tutorials can assist users in quickly becoming familiar with the software.
Akaunting vs Patriot Accounting: At A Glance
Akaunting vs Patriot Accounting: A Detailed Breakdown of Key Features
Invoicing
Akaunting offers a robust invoicing feature that allows users to create and send professional invoices with ease. Its customizable templates and automated reminders make it a convenient tool for managing billing processes. Patriot Accounting also provides a strong invoicing feature, with additional options for recurring invoices and payment reminders. While both tools offer excellent invoicing capabilities, Patriot Accounting's additional features may be more suitable for businesses with complex billing needs.
Expense Tracking
Akaunting's expense tracking feature allows users to easily record and categorize expenses, providing a clear overview of their financial health. Its intuitive interface makes it simple to track expenses on the go. Patriot Accounting also offers a comprehensive expense tracking feature, with additional options for attaching receipts and generating detailed expense reports. If you require advanced expense tracking capabilities, Patriot Accounting may be the better choice.
Financial Reporting
Both Akaunting and Patriot Accounting offer robust financial reporting features, allowing users to generate detailed reports on their financial performance. Akaunting's open-source nature allows for customization, making it a flexible choice for businesses with specific reporting needs. Patriot Accounting, however, provides additional reporting options, such as tax reports and payroll summaries, which can be beneficial for businesses with more complex reporting requirements. If you need advanced reporting capabilities, Patriot Accounting is the better choice.
Payroll Integration
Akaunting offers basic payroll integration, allowing users to manage employee payments and deductions. However, its payroll features are limited compared to Patriot Accounting, which offers a comprehensive payroll integration with options for direct deposit, tax calculations, and compliance with federal and state regulations. If payroll integration is a priority for your business, Patriot Accounting is the clear winner.
Tax Compliance
Akaunting provides basic tax compliance features, allowing users to calculate and file taxes with ease. However, its tax features are limited compared to Patriot Accounting, which offers comprehensive tax compliance tools, including automatic tax calculations and filing options. If tax compliance is a critical aspect of your business, Patriot Accounting is the better choice.
Multi-User Access
Akaunting offers multi-user access, allowing multiple team members to collaborate on financial tasks. Its user-friendly interface makes it easy to manage user permissions and access levels. Patriot Accounting also provides multi-user access, with additional options for role-based permissions and audit trails. If you require advanced multi-user access features, Patriot Accounting may be the better choice.
Pricing Comparison of Akaunting and Patriot Accounting
To assist you in making an informed choice, we’ve outlined the pricing plans and essential features of Akaunting and Patriot Accounting. This comparison will highlight the best option for managing your accounting needs.
Akaunting Pricing Plans
- Manage up to 5 bills to keep track of expenses.
- Connect with 1 bank for seamless transactions.
- Handle W-9 and Form 1099 for tax compliance.
- Support for multiple currencies for global transactions.
- Unlimited bills to manage all expenses efficiently.
- Unlimited bank connections for comprehensive financial management.
- Accept payments directly to streamline revenue collection.
- Capture receipts for accurate expense tracking.
- Inventory management to track stock and supplies.
- Project management tools for task organization and tracking.
- CRM features to manage customer relationships effectively.
- Point of Sale (POS) integration for retail operations.
Patriot Accounting Pricing Plans
- Free employee portal for easy access to pay stubs.
- Unlimited payrolls to accommodate any pay schedule.
- Pay contractors directly through payroll system.
- Free 401(k) integration for employee retirement plans.
- Unlimited vendors, contractors, and payments management.
- Automatic bank imports for streamlined transactions.
- Income and expense tracking for financial clarity.
- Accept credit card payments to boost sales.
- Create and send estimates to potential clients.
- User-based permissions for secure access control.
- Send invoice payment reminders to ensure timely payments.
- Manage receipts and documents for organized records.
- State tax filings and deposits for compliance.
- Local tax filings and deposits for complete coverage.
- Year-end payroll tax filings at no additional fee.
- Tax filing accuracy guaranteed for peace of mind.
Our Rating Methodology
We thoroughly test each accounting software, evaluating key features like ease of use, functionality, and scalability. We also analyze user reviews to ensure our recommendations fit your needs. Each of the seven evaluation factors is weighted by importance to provide an accurate final rating, helping you avoid poor-quality tools and make informed decisions.
Akaunting or Patriot Accounting: Which One Matches Your Business Needs?
Choose Akaunting If You Need ...
- Cost-effective and customizable solution
If you are a small business or freelancer looking for a **cost-effective and customizable accounting solution**, Akaunting is an excellent choice. Its open-source nature allows for extensive customization, ensuring a personalized experience that fits your unique needs.
- User-friendly interface for beginners
If you are new to accounting software and need a **user-friendly interface**, Akaunting is a great option. Its intuitive design makes it easy to navigate and manage your finances, even if you have limited accounting experience.
Choose Patriot Accounting If You Need ...
- Advanced payroll and tax features
If your business requires **advanced payroll and tax compliance features**, Patriot Accounting is the better choice. Its comprehensive tools ensure compliance with regulations and streamline payroll processes, making it ideal for businesses with complex accounting needs.
- Excellent customer support
If you value **excellent customer support**, Patriot Accounting is the right option. With options such as phone support and live chat, you can receive timely assistance with any issues, enhancing your overall user experience.
Frequently Asked Questions
Which software is better for small businesses?
How do the invoicing features compare?
Which tool offers better customer support?
Are there any limitations to Akaunting's features?
Can both tools handle multi-user access?
Which software is more scalable?
Martin Lunendonk
Martin Lunendonk is a senior tech writer specializing in website builders, web hosting, and ecommerce platforms. With a background in finance, accounting, and philosophy, he has founded multiple tech startups and worked in medium to large tech companies and investment banking, bringing deep expertise and reliable insights to his software reviews.
