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Akaunting VS FirsTech

Compare Akaunting VS FirsTech and see what are their differences

Akaunting

Free, open source and online accounting software for small businesses and freelancers

Rating
0 reviews
Pricing
Open source
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Alternatives Is it good?
FirsTech

Firstech provides seamlessly process image cash letters and NACHA formatted ACH File. We also offer BAI and EDI format reporting to our clients, which others dont.

Rating
0 reviews
Pricing
Paid $1,000 / Monthly (per report)
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Alternatives Is it good?
Papertools.app
Accounting and invoicing software for small businesses. Manage invoices, bills, expenses, payroll and reports, with plain-language tools and proper double-entry bookkeeping underneath. sponsored
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Which is more popular?

Based on our record, Akaunting seems to be more popular. It has been mentioned 18 times since March 2021.

social mentions
18 vs 0
Accounting popularity
100% vs 0%

Base details

Website, pricing, platforms and company facts side by side.

Akaunting
FirsTech
Website akaunting.com firstechpayments.com
Pricing
Open source Official pricing
Paid $1,000 / Monthly (per report)
Platforms —
Browser
Company — 1984
Listed in
Accounting Bookkeeping Small Business Accounting & Finance +1
Banking Online Payments Merchant Solutions

About Akaunting and FirsTech

In their own words, as submitted to SaaSHub.

Akaunting
FirsTech

No description of Akaunting yet.

As a subsidiary of a financial institution, FirsTech provides unique opportunities for you that differentiate us from the competition. We can seamlessly provide you with the ability to process image cash letters and NACHA formatted ACH files, as well as provide specific reporting—such as BAI and...

Read more about FirsTech

Features and specs

What each product offers, as listed by its team.

Akaunting 6 features
FirsTech 4 features
  • Open Source
    Akaunting is an open-source accounting software, allowing users to access and modify the source code to fit their specific needs.
  • Cost-Effective
    Being open source, Akaunting is free to use, making it a suitable choice for small businesses and startups with limited budgets.
  • Feature-Rich
    The software offers a wide range of accounting features including invoicing, expense tracking, and financial reporting, making it comprehensive for small to medium-sized businesses.
  • Community Support
    A strong community of users and developers contribute to improving the software, providing support and sharing extensions.
  • Multi-Platform
    Akaunting can be accessed via a web browser, making it compatible with multiple operating systems such as Windows, macOS, and Linux.
  • Customizable
    The software is highly customizable, allowing businesses to add modules or modify existing ones to meet their specific needs.

Possible disadvantages

  • Technical Expertise Required
    Because Akaunting is open source, setting it up and maintaining it may require a certain level of technical knowledge.
  • Limited Integrations
    Akaunting may not integrate seamlessly with as many third-party applications as some proprietary accounting software solutions.
  • Community-Driven Updates
    While the community is active, the updates and new features might not be as frequent or as robust as those offered by commercial software.
  • Customer Support
    Being open source, Akaunting primarily relies on community support, which might not provide the same level of service as dedicated customer support teams.
  • Learning Curve
    New users, especially those not familiar with accounting software, may find a steeper learning curve compared to more user-friendly, commercial alternatives.
  • Comprehensive Payment Solutions
    FirsTech offers a wide range of payment processing services including ACH, credit card processing, and online payments, making it a versatile option for businesses.
  • Customer Support
    They provide robust customer support options, ensuring that clients can get help when they need it.
  • Security
    FirsTech implements strong security measures to protect sensitive financial data, which is crucial for businesses handling payment transactions.
  • Integration
    The platform offers numerous integration options with other business software, which can streamline operations and improve efficiency.

Possible disadvantages

  • Pricing Transparency
    There may be a lack of transparent pricing on their website, which can make it difficult for potential customers to evaluate cost-effectiveness.
  • Complexity for Small Businesses
    The range of services might be overwhelming for small businesses that don’t require such comprehensive solutions.
  • Learning Curve
    The platform could have a learning curve for new users, especially those not familiar with payment processing systems.
  • Customization Needs
    Although it offers many features, some businesses may find they require custom solutions that FirsTech does not readily offer.

Analysis

An editorial look at what each product does well and who it suits.

Akaunting
FirsTech

Overall verdict

  • Akaunting is a solid choice for businesses looking for a free, customizable accounting software that covers essential financial needs without the overhead of complex enterprise-level software. Its continuous updates and community support make it a reliable option for small businesses and freelancers.

Why this product is good

  • Akaunting is considered a good accounting software solution for several reasons. It is open-source, which allows businesses to customize it according to their specific needs. The platform offers a wide range of features such as invoicing, expense management, and financial reporting, which are crucial for small to medium-sized enterprises. Furthermore, its user-friendly interface makes it accessible for users with limited accounting knowledge. The support for multiple languages and currencies also makes it suitable for international businesses. Additionally, Akaunting has a strong community that contributes to its ongoing development and improvement.

Recommended for

  • Small businesses
  • Freelancers
  • Startups
  • Businesses seeking open-source solutions
  • Users needing multi-language and multi-currency support

Overall verdict

  • FirsTech appears to be a legitimate B2B payment processing and bill payment technology provider, primarily serving utilities, municipalities, and billing organizations rather than individual consumers. It seems to be a niche, established player in the bill payment space rather than a consumer-facing fintech app, so its 'goodness' depends heavily on whether you're a business looking for payment infrastructure or an individual searching for a payment app.

Why this product is good

  • Specializes in bill payment processing for utilities and service providers, suggesting industry-specific expertise
  • Offers multiple payment channel integrations (online, phone, mail, in-person) which is valuable for organizations with diverse customer bases
  • Likely provides compliance and security features necessary for handling recurring bill payments
  • Appears to focus on B2B enterprise solutions rather than spreading thin across many market segments

Recommended for

  • Utility companies and municipalities needing bill payment processing infrastructure
  • Billing organizations looking for multi-channel payment collection tools
  • Businesses seeking to outsource complex payment reconciliation and processing
  • Enterprises requiring a specialized, industry-focused payment partner rather than a general-purpose processor

Videos

Walkthroughs and reviews on video.

Akaunting 3 videos + Add
FirsTech 1 video + Add

AKAUNTING REVIEW 💸 FREE ACCOUNTING SOFTWARE 💸 $100 FREEBIE

More videos

  • - Akaunting 2.0 - Free Accounting Software
  • - Laravel Code Structure: Akaunting in Review

FirsTech: History & Heritage

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Akaunting
FirsTech
100% 100%
Accounting
0% 0%
0% 0%
Online Payments
100% 100%
100% 100%
Bookkeeping
0% 0%
0% 0%
Merchant Solutions
100% 100%

User comments

Share your experience with using Akaunting and FirsTech. For example, how are they different and which one is better?

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Akaunting no reviews yet
FirsTech no reviews yet

We have no reviews of FirsTech yet. Be the first one to post

Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Akaunting 18 mentions
FirsTech 0 mentions
  • An open-source alternative to QuickBooks
    There's also Plain Text Accounting[1]. The biggest problem of all open source solutions, accountants' experience aside, is the lack of banking and taxes integration, especially outside of US, e.g. For Asian, South American, or African... - Source: Hacker News / over 3 years ago
  • Libreoffice Base for Accounting & ERP for small business?
    There are also https://akaunting.com/. Source: over 3 years ago
  • Self-Hosted SaaS Alternatives: Replacing Paid Tools With FOSS Tools
    Https://akaunting.com/ is probably pretty close to freshbooks. It's open source and can be self hosted. There are also more alternatives if you check out alternativto or... Source: over 3 years ago

View more

Tracking FirsTech since Mar 2021.

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