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FreeAgent vs Open Accounting

Both stand on bookkeeping software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

FreeAgent

Free plan AndroidAPIiPhone+1

FreeAgent brings accounting, invoicing, expenses, and tax tasks together, with mobile apps and UK bank feeds. Smart Capture has a standard monthly limit, and cash-basis accounting excludes Stock and Payroll.

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Open Accounting

Free plan AndroidAPIWeb

Open Accounting combines open source accounting, customizable records, and an API with free and low-cost paid plans. Android is available now, while iOS availability remains forthcoming.

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The facts

FreeAgentOpen Accounting
Free planYesYes
Open sourceNoNot published
Runs onAndroid, API, iPhone, WebAndroid, API, Web
Lowest paid planSee the plansPersonal Plus: $0.99 a month
Plans published234
MakerFreeAgentOpen Accounting
Websitefreeagent.comopenaccounting.io
On bookkeeping software#9 of 75#30 of 75

FreeAgent: what it does well

  • Builds accounts from bank statements, invoices, and expenses.
  • Files MTD-compatible VAT returns directly to HMRC.
  • Payroll can submit Real Time Information to HMRC.
  • Apps support expense and invoice management.
  • UK-based support accountants are reachable online or by phone.

What to know first

  • Smart Capture covers up to 10 receipts and bills monthly as standard.
  • Cash-basis accounting excludes Stock and Payroll features.
  • Detailed support for third-party integrations is not provided.

Open Accounting: what it does well

  • Free single-user personal plan
  • Double-entry accounting system
  • Customizable accounts and spending categories
  • REST API for core records
  • Android, web, and API access

What to know first

  • iOS app is only coming soon
  • Personal Plus costs $0.99 a month
  • Business costs $4.99 a month
  • Data hosting is in the United States

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