Akaunting offers a single-entry bookkeeping service on its core platform which is great if one tries to keep their books. But, at our company, we have some investors and need to be more diligent to stakeholders. So, we have a crucial need to hold our books as a chart of accounts. With the double-entry accounting app, we are able to make a transaction in two separate accounts for one transaction.
We used to use Freshbooks for bookkeeping and realized that it was not easy to set the assets equal to the liabilities and the equity. So, we started to look for tools that offer double-entry service. The investors and management team is concerned about data privacy. And, we ended up using Akaunting, and it's double-entry app.
Pros: Double-entry app increases financial accountability.
Cons: None :-)