It's always exciting to meet with a new version of a software which brings lots of new features and improvements. And Akaunting 1.3 [Reconciliation] version is one of them because it brings tons of new features, improvements, changes and bug fixes.
As of being a community-driven project, we created a poll to see what our community want to see in the 1.3 version. We got 200+ votes from our community, then started the development.
This release is named "Reconciliation" based on one of the most important features added; the ability to reconcile your incomes/expenses with your bank transactions. We would like to thank everyone who contributed to Akaunting 1.3 with bug reports, tests, suggestions and development.
Now, let's see what we have new in this release:
Reconciliation is a process of matching and ensuring whether the balance in Akaunting is in sync with the amount in the bank account. This was one of the most requested features by our community and now you can reconcile all of your accounts in two shakes. Reconciled incomes/expenses get protected so they can't be edited and/or deleted.
Multiple, Compound, Inclusive Taxes
Financials are affected by regulatory taxes and each company has different country-specific taxes to adhere to. Which is why we've done our best to improve the taxing process in Akaunting 1.3 version. Now you can add multiple taxes, make the tax inclusive, and apply a compound tax to any invoice item.
Invoice Columns, Steps, and Link
Our community has asked several times on how to customize the column names of the invoice such as use Hour instead of Quantity so we've added such a feature in this release. We've also added a step by step guide after creating the invoice so you could easily see its status and take action. Finally, Akaunting 1.3 comes with the Unique Invoice Link feature which allows you to send the link to your customer so they could make the payment without having to login.
The installation of Akaunting is pretty easy. However, starting the invoicing and accounting process may require some additional steps such as entering business details, creating currencies and taxes etc. which are located on different pages. Since Akaunting 1.3, just after the installation process, the quick start wizard will show up and allow you to enter all of the requires easily. It can also be skipped.
In the 1.2 version, we added the recurring feature but the upcoming income/expenses of the recurrings were not reflected in their related months. This version ads this feature and allows Akaunting to show a clear forecasting.
Creating and listing incomes/expenses and see the reports is important. However, being able to filter them by date, account, category, customer etc is yet so important and the 1.3 version comes with advanced filters and multiple selection features.
While we strongly believe that Akaunting is the best free accounting software out there, we're very well aware that it's not bug-free. In addition to our manual tests, this version ships with automated feature tests which makes Akaunting more and more stable.
3 New Languages
Thanks to our community and especially translators at Crowdin, 1.3 release comes with 3 new languages and almost all languages updated. Lithuanian, Macedonian, and Slovak are the new languages added, making Akaunting more and more a worldwide accounting software translated into 33 languages.
We've also fixed lots of bugs in this release such as print and pdf layout, SSL in email links, remember me not working, categories in transactions page, MySQL 8 compatibility and a lot more. You can find the full changelog on our GitHub page.
How to update?
Updating your current Akaunting to the latest 1.3 version is very easy and it must be updated smoothly.
Please take a full backup (database and files) of your Akaunting before updating it.
Then you can update it with one-click via Update center in the admin panel. For more information, refer to Update documentation.
We want to celebrate this milestone with a 13% discount for 3 days on the App Store. Coupon code: ONETHREE
Finally, I would like to share the latest metrics. Our cloud service has passed 15K companies and Akaunting has been download 45K+ till now. We've also passed 1300 stars on GitHub.