Accountable.eu Review

Based on checking the website Accountable.eu, this service appears to be a legitimate and comprehensive financial management and tax filing application designed specifically for self-employed individuals in Belgium.

Read more about accountable.eu:
Accountable.eu Review & First Look
Accountable.eu Features
Accountable.eu Pros & Cons
Accountable.eu Alternatives
Is accountable.eu Legit?
Accountable.eu Pricing
How to Cancel Accountable.eu Subscription
Accountable.eu vs. Other Accounting Software
How to Cancel Accountable.eu Free Trial
Accountable.eu FAQ

The platform aims to simplify bookkeeping, invoicing, banking, and tax obligations, integrating these functions into a single, user-friendly interface.

While the service provides significant benefits for its target audience, particularly in terms of ease of use and tax guarantees, it falls into the broader category of financial services, which, when involving conventional banking and tax systems, often touch upon areas like interest riba, even if indirectly through integrated banking features.

Given the platform’s stated features, such as connecting to bank accounts and managing taxes, it is highly likely that it operates within the conventional financial framework that includes interest-based transactions, which are not permissible in Islamic finance.

Therefore, from an Islamic ethical perspective, while the service offers convenience, its integration with interest-based banking systems necessitates caution.

Here’s an overall review summary of Accountable.eu:

• Service Type: Financial management and tax filing software for self-employed individuals.
• Target Market: Self-employed individuals and small companies in Belgium.
• Key Features: Invoicing, expense management, bank account synchronization, tax calculation, AI Tax Advisor, Tax Declaration Guarantee.
• Pros: Streamlined administration, user-friendly interface, AI-powered support, dedicated human tax coaches, guarantees on tax returns, free invoicing plan, positive user reviews on App Store, Google Play, and Trustpilot.
• Cons: Primarily designed for Belgium, potential indirect exposure to interest riba through conventional banking integrations, limited support for certain special tax regimes e.g., Margin scheme, company tax not yet covered for businesses.
• Ethical Considerations Islamic Finance: The platform’s integration with conventional banking and tax systems, which are typically interest-based, raises concerns regarding riba. While Accountable.eu itself is a software, its utility hinges on facilitating transactions within a system that includes interest, making it less than ideal for those strictly adhering to Islamic financial principles.
• Overall Recommendation: For self-employed individuals in Belgium seeking an efficient administrative and tax solution, Accountable.eu presents a robust option. However, for Muslims, the underlying integration with conventional financial systems, especially concerning interest, necessitates exploring strictly Sharia-compliant alternatives or ensuring any linked financial accounts are entirely free from interest-bearing transactions.

Accountable.eu positions itself as an all-in-one solution for the self-employed, aiming to alleviate the administrative burden associated with running a business.

The promise of “Never worry about your taxes again” is a powerful draw for busy entrepreneurs. Accountable.eu FAQ

They highlight their “AI Tax Advisor” for instant answers to tax questions, backed by a “Tax Declaration Guarantee” that covers fines up to €5,000 for errors in declarations made through their app, excluding fraud or non-submission.

This guarantee is a significant differentiator, as few, if any, software or even traditional accountants offer such a safeguard.

The platform boasts impressive user ratings across various platforms, with 4.7 on the App Store, 4.8 on Google Play, and a stellar 4.9 on Trustpilot, suggesting a high degree of user satisfaction.

Testimonials from various self-employed professionals, from shop owners to freelance consultants, reinforce the app’s perceived benefits in areas like automatic tax savings, seamless invoicing, and efficient receipt scanning.

The core functionalities of Accountable.eu revolve around streamlining revenues, taxes, expenses, and banking.

For revenues, it offers unlimited free invoicing, promising professional, error-free invoices with features like quick duplication and recurring invoices.

This capability is particularly attractive for businesses that generate a high volume of invoices.

On the tax front, the app aims to provide constant clarity on what users owe in VAT, social contributions, and income tax, with a guarantee of 100% correct tax returns.

This feature, combined with deadline reminders and tailored tax tips, aims to grant users independence from traditional accountants.

Expense management is another strong suit, with features like instant receipt scanning, AI auto-recognition, and personalized tax tips for deductions, ensuring users never lose a receipt and maximize their tax savings. How to Cancel Accountable.eu Free Trial

Finally, the banking integration allows users to track spending, connect their bank accounts, and automatically link expenses to transactions, providing comprehensive financial control.

The pricing structure is transparent, offering a “FREE” plan for invoicing, a “GROW” plan starting at €15.50/month yearly plan for comprehensive invoicing, banking, and taxes, and a “PRO” plan at €22.50/month yearly plan for extended tax guarantees and personal tax coaching.

This tiered approach caters to different needs and budgets, making the service accessible to a wide range of self-employed individuals.

However, from an Islamic financial perspective, the integration with conventional banking and tax systems is a point of concern.

While the service itself is a software tool, its function is to manage and process financial transactions within a system that inherently involves interest riba at various levels, whether through bank accounts or the broader financial ecosystem.

Islamic finance strictly prohibits riba, considering it an exploitative practice.

While Accountable.eu does not directly charge or facilitate riba for its services, its utility relies on connecting to standard bank accounts and managing taxes within a conventional framework where interest is prevalent.

Therefore, a Muslim seeking to maintain strict adherence to Islamic financial principles would need to ensure that any bank accounts linked to Accountable.eu are interest-free, and that their overall financial dealings are Sharia-compliant.

Given that most conventional banking systems operate on interest, this presents a significant challenge for a Muslim user, potentially making the service less suitable for those prioritizing strict Sharia compliance.

For those adhering to Islamic principles, the focus should always be on ethical and Sharia-compliant financial practices. Accountable.eu vs. Other Accounting Software

While Accountable.eu offers powerful tools for financial administration, its inherent connection to the conventional interest-based financial system in Belgium makes it a less ideal choice.

The emphasis for Muslims should be on seeking out services and financial institutions that explicitly adhere to Islamic finance principles, which prioritize fairness, transparency, and the avoidance of interest, speculation, and unethical investments.

Here are 7 ethical alternatives for financial management and productivity that align with Islamic principles, focusing on non-edible, non-forbidden categories:

Best Alternatives List:

1. FreshBooks

   • Key Features: Cloud-based accounting software for small businesses. Offers invoicing, expense tracking, time tracking, project management, and reporting. Known for its user-friendly interface.
   • Price: Starts around $17/month for Lite plan, increasing for more features.
   • Pros: Very intuitive, excellent for invoicing and expense management, good customer support, integrates with many other business tools.
   • Cons: Can be more expensive than some basic invoicing tools, some advanced accounting features might be lacking for larger businesses.

2. Wave Accounting

   • Key Features: Free cloud-based accounting software for small businesses. Includes invoicing, accounting, and receipt scanning. Payroll and payment processing are paid add-ons.
   • Price: Core accounting, invoicing, and receipt scanning are free. Payment processing is 2.9% + $0.30 per transaction for most cards. Payroll starts around $20/month.
   • Pros: Excellent free core features, user-friendly, good for freelancers and very small businesses, strong community support.
   • Cons: Free features are limited, payroll is only available in certain regions US and Canada, customer support can be slower due to the free model.

3. Zoho Books

   • Key Features: Comprehensive online accounting software with invoicing, expense tracking, banking, inventory management, reporting, and more. Part of the larger Zoho ecosystem.
   • Price: Free plan available for businesses under $50K annual revenue. Paid plans start from $15/month for Standard, up to $240/month for Ultimate.
   • Pros: Feature-rich, scalable for growing businesses, integrates seamlessly with other Zoho applications, competitive pricing.
   • Cons: Can have a steeper learning curve due to the breadth of features, some users report occasional glitches.

4. Toggl Track

   • Key Features: Powerful time tracking application that integrates with various project management and accounting tools. Helps freelancers and teams accurately track billable hours and project time.
   • Price: Free plan for basic time tracking up to 5 users. Paid plans start from $9/user/month for Starter.
   • Pros: Extremely easy to use, robust reporting, useful for accurate invoicing based on time spent, integrates with many platforms.
   • Cons: Primarily a time tracking tool, not a full accounting solution, requires integration with other software for comprehensive financial management.

5. Microsoft Excel/Google Sheets Spreadsheet-based Accounting

   How to Cancel Accountable.eu Subscription

   • Key Features: Customizable spreadsheets for manual bookkeeping, expense tracking, income logging, and basic financial reporting. Requires significant manual input but offers full control.
   • Price: Google Sheets is free with a Google account. Microsoft Excel is part of Microsoft 365, which has various subscription plans.
   • Pros: Highly flexible and customizable, cost-effective especially Google Sheets, provides complete control over data, ideal for those who prefer manual oversight.
   • Cons: Time-consuming, prone to manual errors, lacks automation features of dedicated software, not scalable for complex businesses, requires significant financial literacy to set up correctly.

6. Quicken

   • Key Features: Personal and small business finance software. Helps track spending, manage budgets, categorize transactions, and run reports. Primarily desktop-based with cloud syncing.
   • Price: Various subscription plans, typically ranging from $35.99 to $99.99 per year, depending on the version.
   • Pros: Comprehensive budgeting tools, strong reporting capabilities, good for tracking investments and personal finances alongside business, long-standing reputation.
   • Cons: Can be complex for new users, subscription model for updates, primarily desktop-based which might not suit all users, focused more on personal finance.

7. PDFelement

   • Key Features: A comprehensive PDF editor that can be invaluable for digitizing and managing financial documents. Features include OCR Optical Character Recognition for scanning receipts, annotating, combining, and organizing invoices and financial statements.
   • Price: One-time purchase for perpetual license around $79-$129, or subscription plans.
   • Pros: Excellent for digitizing paper receipts and documents, powerful OCR, robust PDF editing and management, helps in creating an organized digital archive.
   • Cons: Not an accounting software itself, requires manual data entry or integration with other tools, primarily focused on document management rather than financial calculations.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.