Freshbooks Review - An Online Accounting Software For Small Businesses

Are you looking for an easy way to manage your business finances? Look no further. In this FreshBooks Review, we will explore how this software can help you. FreshBooks is perfect for everyone from self-employed professionals to growing business owners.

Table of Contents

Introduce To FreshBooks

FreshBooks is an accounting software that gives you instant access to the tools you need to manage your finances. With FreshBooks, you can handle invoicing, expenses, accounting, and much more. It is user-friendly and designed to save you time and effort.

PROS

  • User-Friendly Interface
  • Time Tracking
  • Invoicing
  • Expense Management
  • Customer Support
  • Mobile App

CONS

  • Extra Cost
  • No free accountant access in the Lite Plan
  • No double-entry accounting or bank reconciliation in the Lite plan

Freshbooks at a Glance

Best for: Small business owners.
Price range: From $15
Key features: Invoice and Billings, Expense Tracking, Time Tracking, Project Management, Reporting, Mobile App
Apps: iOS and Android apps
Integrations: Shopify, Squarespace, Zoom

Freshbooks Specifications

FRESHBOOKS SPECS
Double Entry
All Major A/R, A/P Forms
Mobile Access
Time Tracking
Payroll
Customer/Vendor Portals
Tracks Inventory
Training Available
Document Management
CRM Integration
Multi-Currency
Live Support
ALL SPECS ▾

FreshBooks Pricing & Plans

FreshBooks offers a range of pricing plans designed to fit different business needs and volumes. This section will break down the pricing options, what each plan offers, and how FreshBooks’ pricing compares to competitors.

Overview Of Pricing Plans

Monthly Pricing Plans 

PlanPriceFeaturesAdd-Ons
Lite$4.75 USD/month (75% Off for 3 Months)
Regular: $19.00/month
Save $42.75
– Send unlimited invoices to up to 5 clients.
– Track unlimited expenses.
– Send unlimited estimates.
– Accept payments via credit cards and bank transfers (ACH).
– Generate reports for tax preparation.
Team Members: $11/user/month
Advanced Payments: $20/month
FreshBooks Payroll: $40 + $6/person/month
Plus$8.25 USD/month (75% Off for 3 Months)
Regular: $33.00/month
Save $74.25
– Everything in Lite, plus:
– Send unlimited invoices to up to 50 clients.
– Set up recurring invoices and client retainers.
– Send unlimited estimates and proposals.
– Automatically capture receipt data.
– Invite your accountant.
– Access detailed financial and accounting reports.
Team Members: $11/user/month
Advanced Payments: $20/month
FreshBooks Payroll: $40 + $6/person/month
Premium$15.00 USD/month (75% Off for 3 Months)
Regular: $60.00/month
Save $135.00
– Everything in Plus, plus:
– Send unlimited invoices to an unlimited number of clients.
– Automatically capture bills and receipt data.
– Track project profitability.
– Customize email templates with dynamic fields.
Team Members: $11/user/month
Advanced Payments: $20/month
FreshBooks Payroll: $40 + $6/person/month
SelectCustom Pricing (Contact for Details)– Everything in Premium, plus:
– Seamlessly migrate data with Easy Switch.
– Access lower transaction fees for credit cards and capped ACH fees.
– Remove FreshBooks branding from client emails.
– Includes 2 team member accounts.
– Receive priority support with a dedicated support number.
Advanced Payments: Included
FreshBooks Payroll: $40 + $6/person/month


Yearly Pricing Plans

PlanPriceFeaturesAdd-Ons
Lite$162.45 USD/year (75% Off for 3 Months + 10% Off Yearly Price)
Regular: $228.00/year
Save $65.55
– Send unlimited invoices to up to 5 clients.
– Track unlimited expenses.
– Send unlimited estimates.
– Accept payments via credit cards and bank transfers (ACH).
– Generate reports for tax preparation.
Team Members: $11/user/month
Advanced Payments: $20/month
FreshBooks Payroll: $40 + $6/person/month
Plus$282.15 USD/year (75% Off for 3 Months + 10% Off Yearly Price)
Regular: $396.00/year
Save $113.85
– Everything in Lite, plus:
– Send unlimited invoices to up to 50 clients.
– Set up recurring invoices and client retainers.
– Send unlimited estimates and proposals.
– Automatically capture receipt data.
– Invite your accountant.
– Access detailed financial and accounting reports.
Team Members: $11/user/month
Advanced Payments: $20/month
FreshBooks Payroll: $40 + $6/person/month
Premium$513.00 USD/year (75% Off for 3 Months + 10% Off Yearly Price)
Regular: $720.00/year
Save $207.00
– Everything in Plus, plus:
– Send unlimited invoices to an unlimited number of clients.
– Automatically capture bills and receipt data.
– Track project profitability.
– Customize email templates with dynamic fields.
Team Members: $11/user/month
Advanced Payments: $20/month
FreshBooks Payroll: $40 + $6/person/month
SelectCustom Pricing (Contact for Details)– Everything in Premium, plus:
– Seamlessly migrate data with Easy Switch.
– Access lower transaction fees for credit cards and capped ACH fees.
– Remove FreshBooks branding from client emails.
– Includes 2 team member accounts.
– Receive priority support with a dedicated support number.
Advanced Payments: Included
FreshBooks Payroll: $40 + $6/person/month

Value For Money: What You Get In Each Plan

The Lite plan, priced at $15 per month, offers basic features suitable for freelancers with up to 5 billable clients. It includes unlimited invoices, expense tracking, and the ability to create estimates.

The Plus plan, at $25 per month, caters to small businesses with up to 50 billable clients. It includes all Lite features, plus recurring billing and the ability to send proposals.

The Premium plan, costing $50 per month, is ideal for growing businesses with unlimited billable clients. It offers advanced payments, accountant access, and all features available in the Plus plan.

FreshBooks Ideal Users And Scenarios

FreshBooks is an accounting software designed to simplify accounting for small businesses, freelancers, and accountants. It offers a range of features to help manage finances efficiently. Here we explore who benefits the most from FreshBooks and the best scenarios for its use.

Best Use Cases For Freshbooks

FreshBooks excels in various scenarios. Here are the most common:

  • Freelancers: Create and send professional invoices effortlessly.

  • Small Businesses: Track expenses, manage receipts, and handle high volume billing.

  • Project Managers: Use time tracking and project management tools to stay organized.

  • Consultants: Generate estimates and manage client payments online.

  • Accountants: Access comprehensive accounting tools and financial reports.

Who Should Consider Freshbooks And Why

FreshBooks is ideal for:

Who

Why

Freelancers

Its ease of use and mobile apps make managing finances simple.

Businesses with Contractors

It offers tools for managing expenses and payments efficiently.

Businesses with Employees

Handle payroll and track time spent on tasks seamlessly.

Self-employed Professionals

Customizable templates and financial reports streamline financial management.

Industries

Construction, IT, Legal, Marketing, and Creative sectors benefit from its versatile features.

Each of these users benefits from FreshBooks’ versatility and customization, making it a valuable tool for anyone needing reliable accounting software.

FreshBooks Features

FreshBooks is a powerful accounting software designed to make financial management easy for small businesses, freelancers, and accountants. Here are some key features that set FreshBooks apart.

User-friendly Interface And Navigation

FreshBooks offers a user-friendly interface that is easy to navigate. The dashboard is intuitive, allowing users to quickly access important features. This simplicity helps users manage their finances without a steep learning curve.

Invoicing And Billing

The invoice software in FreshBooks allows users to create and send professional invoices effortlessly. Users can customize templates, set up recurring invoices, and even accept payments online, making the billing process smooth and efficient.

Expense Tracking And Management

FreshBooks makes it easy to track expenses and manage receipts. Users can upload receipts, categorize expenses, and link them to specific projects or clients. This feature helps in maintaining accurate financial records and simplifies tax preparation.

Time Tracking And Project Management

With FreshBooks, users can track time spent on tasks and projects. This feature ensures accurate billing for hours worked. Additionally, users can manage project details, set deadlines, and monitor progress, keeping everything organized.

Reporting And Analytics

FreshBooks provides detailed financial reports to help users understand their business performance. Users can generate various reports, including profit and loss statements, expense reports, and tax summaries. These insights enable better financial decision-making.

Third-party Integrations

FreshBooks integrates with various other software and tools, enhancing its functionality. Users can connect FreshBooks with popular apps for payment processing, project management, and customer relationship management, among others.

Mobile Accessibility

FreshBooks offers mobile apps for iOS and Android devices. This allows users to manage their finances on-the-go, ensuring they stay updated even when they are away from their desks.

FreshBooks is designed to simplify complex accounting tasks, making it an excellent choice for small businesses, freelancers, and accountants.

Frequently Asked Questions

What Is Freshbooks?

FreshBooks is a cloud-based accounting software designed for small businesses. It helps manage invoicing, expenses, and time tracking.

Is Freshbooks Easy To Use?

Yes, FreshBooks is user-friendly with an intuitive interface. It simplifies accounting tasks for users with no prior experience.

Does Freshbooks Offer A Mobile App?

Yes, FreshBooks has a mobile app. It allows users to manage their finances on-the-go.

How Much Does Freshbooks Cost?

FreshBooks offers various pricing plans. Plans start at $15 per month, depending on features and user needs.

Conclusion

FreshBooks simplifies accounting for small businesses and freelancers. Its user-friendly features, like invoicing and expense tracking, make financial management easy. Accessible on multiple devices, it suits various business sizes. FreshBooks offers customizable templates and mobile apps for efficiency on the go. Interested in trying FreshBooks? Visit the FreshBooks page to explore pricing plans and start managing your finances better today.

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