Akounto

I purchased this thinking it would perform at least as well as free tools like Mint (RIP) and many others.

There are so many bugs that I wouldn’t trust this platform to accurately manage my own personal finances, let alone my business. Akounto claimed that one of my business checking accounts has -$34,000 and was updated just five minutes ago. Well, my accounts have never been in the negatives. Although it said the connection was fine, when I manually reconnected it showed the real balance.

I reported certain bugs like the inability to connect major bank accounts that are “supported” over a year ago. This platform lacks basic reporting and features. The mobile app is basically unusable (mobile browser version has far more abilities).

The UI is easy and simple. That’s the best part of this platform, sadly. Seems like the founders used the money from this campaign elsewhere, as I haven’t seen any updates or bug fixes in a year.

I’ll update this review if the data accuracy and usability are fixed to match equivalent free tools. For now, steer clear!