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FreshBooks is one of a small business accounting software also 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
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.
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!
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.
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.
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.
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.
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.
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
- The tool supports several payment processors such as PayPal, stripe, Authorize.net, etc.
- Bookkeeping and payroll software are stand out features.
- 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.
Read Also: Accounting tools product review – Quickbooks Online
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.