One standout tool is the platform’s time tracking functionality, which can log every hour you spend on a project and automatically include it on the right invoice. FreshBooks stands out as a leading cloud accounting solution for small businesses and freelancers. It boasts an intuitive interface designed to streamline financial management. At its core, FreshBooks simplifies tasks such as invoicing, freshbooks expense tracking, and financial reporting. During a trial, small business owners get access to all FreshBooks features except Advanced Payments (like FreshBooks invoicing, time tracking, and expensing). So you’ll know exactly why it’s the accounting software used by over 30 million owners.
What types of businesses use FreshBooks?
See our Authentication documentation or the Get Authenticated On The FreshBooks API tutorial for more information. In general, QuickBooks offers even more features than FreshBooks, although it has fewer third-party integrations. In terms of functionality, QuickBooks’ Plus plan is comparable to the Plus plan from FreshBooks. FreshBooks’ Premium plan will cost you $65 per month billed monthly, and $780 per year when billed annually. Currently, a “70% off for the first 4 months” deal means you can start for just $19.50 per month when billed monthly. The cheapest FreshBooks plan, Lite, starts at $21 per month when billed monthly, and $252 per year when billed annually — a lump sum that comes out to exactly 10% off.
- However, you can manage customer balances and track invoices, including carrying over balances for 30, 60, and 90-day time frames, using the Accounts Aging Report.
- When choosing the best accounting software for your business, it’s important to compare your options.
- Almost every other accounting software option includes bank reconciliation by default, including Wave Accounting, which is entirely free.
- And unlike most major accounting software providers, FreshBooks doesn’t include free accountant access with its cheapest plan.
- Or you can simply add your accountant to your FreshBooks account and they can get everything they need themselves.
- You can choose your country while signing up giving your basic information.
Add-ons and Integrations
Meanwhile, FreshBooks integrates with more than 200 apps, including Everlance for mileage tracking, but you’ll pay a little extra each month for the integration. And for app functionality, it’s hard to beat the QuickBooks app’s solid interface, low learning curve, and comprehensive features. Speaking of typical accounting software features, FreshBooks’ lack of double-entry accounting with every plan gives us cause for concern. FreshBooks argues that freelancers don’t need to use the more meticulous double-entry bookkeeping system, since it’s most useful for businesses with complex finances. But we don’t agree—and neither do most providers, like Xero and QuickBooks Online, Accounting For Architects both of which offer double-entry accounting with every plan.
FreshBooks Time Tracking
Attach any relevant documents, then send the invoice via email or a shareable link. While you can’t add new reports, the existing layout is simple and easy to navigate. Each of these alternatives has its own set of pros and cons, so it’s worth considering what features matter most to you before making a decision. You won’t get your data automatically backed up on the cloud with FreshBooks, even though the app does rely on Google Cloud Platform (GCP) for hosting requirements.
FreshBooks Premium Plan: From $65 per month
It’s also possible to use detailed reports to assess time and money spent, enabling quick, informed decisions. Profitability summaries highlight costly services, helping you reduce expenses and boost profits. Customer support is another area where FreshBooks excels, with users frequently expressing their satisfaction. The software’s invoicing capabilities cater well to businesses managing numerous clients, with pricing starting at $15 bookkeeping per month. This pricing makes FreshBooks an appealing option for those seeking an accessible accounting solution.
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