FreshBooks, A Simple Review
So, you are considering FreshBooks.
You’ll be wondering if it's a good choice for you, if its feature set compares well to other options on the market, and if it is priced affordably enough for what you get.
This article will break all that down for you and more.
Plus, at the end of the article you’ll find links to alternatives to FreshBooks as well as our top picks for the options in this category.
Or, just go straight to Our top picks for Best Accounting Software.
Without further ado, let’s get started.
FreshBooks Features
FreshBooks offers Bookkeeping and Accounting features to help businesses and freelancers organize their finances. It provides an easy-to-use interface built for regular users and accountants. FreshBooks is made for all business sizes and adapts according to your company's accounting needs.
Here are some exclusive features of FreshBooks:
Accounting and Reporting: FreshBooks offers double-entry accounting tools to ensure tax compliance and accuracy. It helps you comprehend the financial status of your business and make intelligent choices to grow your brand further. FreshBooks identifies revenue items and expenses, providing an accurate profit-loss margin. Moreover, your accountant can access intrinsic financial information and reporting whenever needed.
Payments and Estimates: FreshBooks seamlessly links with several online payment channels like Stripe. It lets your clients pay directly through the invoice without additional hidden fees. Additionally, FreshBooks allows you to set realistic expectations by eliminating the guesswork and doing data-driven estimates. You can convert your estimates into an invoice or create new proposals to win projects.
Time-Tracking: FreshBooks provides an inbuilt time-tracker that helps you accurately determine the task duration. FreshBooks automatically logs the time spent on the client project and enables you to prepare detailed invoices or keep track of employees' working hours.
Mileage Tracking: FreshBooks offers a tracking application that automatically logs your business trips and saves your travel history. You can claim business trips as expenses during tax filings. FreshBooks records the total distance travelled by your business vehicle and various professional trips taken by you.
Client Management: FreshBooks enables you to prepare client estimates and build better relations by accurate billing. You can inform clients about the latest expenses and increase trust by improving connectivity. FreshBooks allows you to track loyalty discounts and foster loyalty with clients.
FreshBooks Pricing
FreshBooks offers 4 Pricing options for its accounting software.
The “Lite” plan is priced at $4.50/month and offers unlimited invoices to 5 clients. Additionally, you can track expenses and sales tax, send total estimates and get paid with credit cards or bank transfers.
The “Plus” plan is priced at $7.50/month and offers unlimited invoices to 50 clients. Additionally, you can automatically capture receipt data, send endless proposals, run business health reports and set up recurring billing or client retainers.
The “Premium” plan is priced at $15/month and removes all limitations on invoice recipients. Additionally, you can track project profitability, customize email signatures, run accounting reports and get paid with checkout links.
The “Custom” pricing option offers an on-demand quote. It removes the FreshBooks branding from the client emails and provides a dedicated account manager.
FreshBooks Discounts and Coupons
FreshBooks is currently offering a 70% discount on its quarterly subscription plans.
FreshBooks Free Trial
FreshBooks offers a 30 Day free trial for its accounting software. You can get started by inputting your email or using your Google account. Moreover, there are no buying obligations with the trial offer.
FreshBooks, A short how-to guide
Once you set up and login into your FreshBooks account, you'll be redirected to the dashboard. You'll see total profit, revenue streams, outstanding payments and company settings here.
You can add clients, create invoices or include items or services inside the dashboard section. When you're creating an invoice, you have the option of switching to online payments. You can connect your Stripe account or any other payment service.
Scrolling down the screen, you can see the analytical details regarding your accounting and finances in the dashboard. You can customize the parameters to get more targeted results and make better estimates for the next cycle.
What Accounting Software would you recommend?
In short, It's Melio.com
It provides your business customers with a convenient payment link, enabling them to make quick and hassle-free payments without the need for invoice attachments. They can pay using their preferred method, and the payments will be directly deposited into your bank account each time.
“🚀Try Melio.com For Free, It's my favorite Accounting Software to use and recommend.” -Scott Max
Melio is an intuitive Accounting software that offers comprehensive solutions through its powerful tools. Designed for businesses of all sizes, Melio simplifies complex financial tasks and delivers impressive outcomes. Melio seamlessly integrates features tailored to your: Billing, Payments, Vendor Management, Expenses, and Financial Reporting needs.
For more details, read our Melio.com Review.