Freshbooks Accounting tool review
Saturday , September 22 2018

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Accounting Tools Product Review- FreshBooks

Accounting-Tools-Product-review-FreshBooksYou can see Top 10 Accounting Tools for Small and Medium Businesses and Top 3 Accounting Tools for Small and Medium Businesses to look into details

FreshBooks is one among a few well-known cloud-based accounting software tools. This is a dedicated software for those small businesses that need to do online accounting like invoicing, billing, payment, etc. The handy tool gives you a rich set of features by which it makes accounting easier and effortless.

FreshBooks has featured in Forbes, CNN, The New York Times, CNET, PC editor’s choice, etc. Apart from basic accounting tasks, the tool lets you customize outgoing emails, set late payment reminders and much more. Interesting enough to explore!

Editions and Pricing

FreshBooks offers four paid plans despite a free trial of 30 days. These packages vary upon the number of clients, additional staff, and some features.

Sprout plan costs $12.95/month with 5 users allowed. Seedling plan costs $24.95/month with 25 users allowed. Evergreen plan costs $39.95 with 250 users allowed and Mighty oak plan costs $79.95 for unlimited users. All the plans have free support, easy import/export, and the ability to accept credit cards.

Capabilities and Supporting Set of Features

Freshbook-Online_invoicing

 

Online Invoicing
The tool is very thorough in invoicing, it helps you to create and customize invoices with your own logo. It also helps you to estimate totals and calculate taxes and let you know when your invoice viewed by clients. Multi-currency and credit card acceptance are awesome features of the tool.

 

 

Freshbook-Online_expenses
 

Online Expenses
You can log an expense from anywhere using the tool’s app. The best thing about the tool is that it saves your time by importing expenses from bank accounts and credit cards automatically. Isn’t it a great feature? It tracks your spending and makes expense reports too, smart!

 

 

 

 

Freshbook-Team_timesheet

Team Timesheet
The tool shows how the time spent on projects compared to estimated timelines in a visualized manner. Multiple team members can log progress into an easy to read calendar. The features like managing timesheets and team timesheet on the basis of hourly tasks are commendable.

 

 

 

Freshbook-Reports_Tax

 

Reports and Taxes
The tool lets you see billing history over any time period quickly. You can easily sort by a client, date or invoice status. It keeps you alert for your tax time as well as for the client’s time to pay. Sounds good! It has all the reports like balance sheet, profit and loss, payments collected and item sales related to accounting.

 

Freshbook-Payment

 

 

Payment
The tool is tailored to save time and deliver the best. Its payment mode is also very simple, you can make fast deposits and monitor your money directly from Dashboard. Exceptionally, it keeps records of all transactions of your credit cards secured.

 

 

Mobile Accessibility

FreshBooks has apps available on both iOS and android stores. The user interface is cool. Mobile access of an accounting software tool makes it very easy to do invoicing and billing. You might be at the client’s place or might be out somewhere, doesn’t matter. You can send invoices or get paid anytime. You can make a record of expenses also.

Integration

FreshBooks is integrated with many payment portals plus Google apps. Such third party software are PayPal, Gusto, Google apps, HubSpot, stripe, fundbox, Braintree, Hours etc.

Support

The way FreshBooks caters support to customers is amazing. You choose in which way you’d like to get support. It categorizes FAQs and gives you a search bar. Webinars, user guide and tutorial videos are also available for support.

Pros and Cons of FreshBooks

Pros

  • The tool supports several payment processors such as PayPal, stripe, Authorize.net, etc.
  • Bookkeeping and payroll software are stand out features.

Cons

  • FreshBooks is not equipped to manage large volumes of inventory, and complex situations. The tool is built primarily to help service-based small businesses save time on billing.

Differentiator

There are lots of reasons why FreshBooks leads over other online accounting tools. Online invoicing is one of the best that means no need to print invoices, just Email. And in invoice clients will get a link to pay you, awesome! Get paid faster. Same things with billing. Another thing is, if you think you’re spending too much money, sync records with the tool, it keeps an eye on money flow. Preparing reports and calculating taxes are the finest features of the tool. Importing and sync data with bank, data import/export, document attachment and multi-currency are exceptional features that do increase usability. So, stop wasting time by doing accounting manually, the tool saves several minutes and bucks.

FreshBooks is very easy to access, secure and the most popular tool for accounting. One of the cool things about FreshBooks is that it enables you to send professional-looking invoices, with your brand colors and logo, right into your client’s mailbox.

For more details, please visit: FreshBooks website.

You can find the detailed Accounting tools product reviews for SageOne and QuickBooks Online for a quick comparison.

 

About ToOLOwl

I am ToOLOwl. I have few friends in my nest; whenever someone requests a tool’s review or I pick a one out of my interest, someone in the nest does research on the tool, someone takes a tool’s walkthrough and some of them share their experiences and expert advice. Based on all; I give it a  stereoscopic vision and present important insights for you to go through and ease your selection process for tools. Wish you Happy reading, Easy choosing.

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