Compare Freshbooks Accounting Services

Compare FreshBooks Accounting Software

FreshBooks is convenient and easy to use online accounting software. It is designed specifically for small businesses, and it is quite popular among sole proprietors, freelancers, micro business managers, and consultants. Whether you are a freelancer, a self-employed professional, or you have a business with contractors and employees, FreshBooks claims that it offers various tools that support your type of business. The software allows users to manage their business their finances without any hassle. It comes with four different plans that offer various accounting services as per your business requirements. Moreover, it provides a free trial for the first 30 days without entering your payment details. FreshBooks also helps with customer feedback as it allows you to invite your customers to different projects. It also accepts payment in Internation currencies and formats invoices in different languages.

Top 5 Pros of Freshbooks Accounting Software

• Offers a service that is quick and easy to follow
• Setting up an account requires minimal steps
• No credit card details required for trial accounts
• The interface is extremely organized and convenient
• Provides a trial service

What Is The Pricing Structure Of FreshBooks Accounting?

At the moment, FreshBooks offers four plans to its’ customers that provide different services according to the package and price. By opting for a yearly service rather than a month one, you can also save 10% on FreshBooks. Moreover, it also offers a 30-day free trial through which you can test out different features and see what works best for your needs. Except for the Select Plan, all three plans currently offer a 60% discount for three months. Here are some of the features that these plans provide:

Plan 1: Lite $ 4 .50 /month
For professionals with basic needs

• Sends unlimited invoices to up to 5 billable clients
• Tracks unlimited expenses
• Sends unlimited estimates
• You can get paid with credit cards and bank transfers
• Tracks sales tax & see reports
• You can easily access anywhere on iOS and Android
• Comes with add-ons such as : Team Members and Gusto Payroll

Plan 2: Plus $ 7 .50 /month
For owners looking for more automation and insights

• Sends unlimited invoices to up to 50 clients
• Automatically track expenses
• Send unlimited estimates and proposals
• Get paid with credit cards and bank transfers
• Set up recurring billing and client retainers
• Run business health reports
• Invite your accountant
• Access anywhere on iOS and Android
• Mobile mileage tracking
• Comes with add-ons such as  Advanced Payments ($20/mo) ,Team Members ($10/person/mo) and Gusto Payroll

Plan 3: Premium $ 15 .00 /month
For growing businesses that want to empower employees

• Sends unlimited invoices to up to 500 clients
• Automatically tracks expenses
• Automatically sends late payment reminders and bill late fees
• Sends unlimited estimates and proposals
• You can get paid with credit cards and bank transfers
• You can also get paid with checkout links
• Sets up recurring billing and client retainers
• Runs business health reports
• Runs financial and accounting reports
• Allows you to invite your accountant
• You can access it anywhere on iOS and Android
• Mobile mileage tracking
• Comes with add-ons such as : Advanced Payments ($20/mo) , Team Members ($10/person/mo) and Gusto Payroll

Plan 4: Select
For businesses with more complex needs

• Offers Custom Pricing
• Sends unlimited invoices to over 500 clients
• Allows you to access lower credit card transaction rates
• You can start with just 2 team member accounts
• It is a dedicated account manager
• Helps you in migrating from other software
• Sets up your account with custom onboarding services
• Great customer support service
• You can get paid with credit cards, bank transfers, and checkout links
• Sets up recurring billing, subscriptions and client retainers
• Securely accepts credit cards over the phone
• Automatically tracks expenses
• Automatically send slate payment reminders and bill late fees
• You can invite your accountant as well
• Runs business health reports
• Runs financial and accounting reports
• You can access it anywhere on iOS and Android

FreshBooks For Amazon Sellers

Realizing that accounting on amazon can be too time-consuming; FreshBooks accounting can simplify your projects and allow you to accept payment without any complications even on amazon. The service is quick and offers tools essential for time tracking, client follow-up, and organizing expenses. If you are an amazon seller, you can use FreshBooks to grow your amazon seller business as it not only makes bookkeeping hassle free, but it also provides necessary tools to generate invoices. As an amazon seller, you will get adequate assistance needed to manage all your invoices. The tool also helps sellers in gathering insights related to their business by generating a detailed report. The estimates that FreshBooks provides are not only precise but they are all accurate. Another advantage of using FreshBooks is that it connects you with well-known business applications to level-up your amazon accounting.

What Are Some Of The Features Of FreshBooks Accounting Software?

Invoicing

FreshBooks accounting promises professional invoices in seconds. It also accepts credit cards and ACH. Through FreshBooks, you can get paid faster as well, making accounting seamless. Moreover, you can also use an automated service through an auto-pilot mode to make it easier for you to collect data. FreshBooks also previews your invoices before sending, and you can also customize your invoice term and add due dates accordingly. To make your life stress-free, FreshBooks instantly updates when an invoice has been viewed and paid. It automatically tracks inventory billed on invoices.

Expenses

With FreshBooks, you can gather the information that will make tax-time easy. The software also keeps project spending on track and includes multi-currency expenses. FreshBooks also automatically categorizes your expenses and ensures tax-friendly categories. Moreover, it imports expenses from your bank and easily marks costs to rebill to a client later. Customers can also store and secure your receipt in the cloud to sync their mobile applications with the desktop version.

Time-Tracking

The time tracking option at FreshBooks provides time-keeping for your team, records time against a specific client, and adds detailed time entry notes. It also automatically bills for tracked hours, offers weekly and monthly views of your tracked time and manages time for a particular project. Moreover, it generates daily breakdowns of your tracked work hours.

Project Management

Project management is one of FreshBooks accounting's best tools as customers can chat and collaborate on work. You can also assign project due dates and review the project status so that everything is aligned. Through project management, you can manage team projects and deliverables; invite your staff, clients, or contractors to a project, and share images and files from FreshBooks. Moreover, you can also control what your team can and cannot access team permissions.

Estimates, and Payment.

Payments and estimates have similar features. Customers can track their estimate status from viewed to accepted, and they can also estimate into an invoice. Through FreshBooks, your clients can receive an online estimate as well. With its’ multi-currency option, you can also send estimates in your preferred currency. FreshBooks allows you to easily add a discount and preview your estimates and quotes before sending them. Estimations can also be generating from the mobile application.

Reports

FreshBooks provides a color-coded breakdown of spending and also generates a summary of the most recent activity. The software offers different reports: Profit and Loss Report, Sales Tax Summary Report, Accounts Aging Report, and Payments Collected Report. Users can easily manage and filter according to the client, team member, or date. It also saves exports and prints financial reports for your accountant.

Double-Entry Accounting Tools

Double Entry Accounting Tool ensures accuracy and also creates easy to understand financial reports. It also makes smart choices for your business and identifies revenue items and expenses. Through these tools, you can get an accurate calculation of profits and losses. FreshBooks makes sure that debit and credit amounts are equal, which minimizes the chance of errors year-round and when you file taxes.

FreshBooks Ad-on and Integrations
FreshBooks has different ad-on and integrations for every category. These range from account receivables, payroll, project management, etc. However, some of the featured services are:

• Bench
• Gusto Payroll Software
• Fundbox
• Google Apps
• Zapie
• Stripe

Developer Integration

FreshBooks also has integration options for developers through which they can:

• Build their own integration
• Get their integration listed

FreshBooks vs. QuickBooks: A Review of Our Comparison

QuickBooks

• Tracks income & expenses
• Provides invoice & accept payments
• Maximizes tax deductions
• Runs general reports
• Provides bill payment
• Great design
• Provides budget capability
• Report customization is great
• No clarity in the navigation screen
• Slow program response time during critical hours
• No telephone support
• Relatively cheaper than FreshBooks
• Initial pricing increases with time
• Easy integration
• 50 plus reports available

Fresh Books Cloud Accounting

• Accepts credit card payments online
• Provides automated bank imports
• Offers unlimited time tracking and proposals
• Provides automated recurring invoices
• 60% Off for 3 Months
• Does not allow bill payment
• Great design
• Easy to use navigation screen
• Live customer support available
• Program response time is good
• Does not provide the budget capability
• Limited report customization
• Relatively a little expensive than QuickBooks
• Initial pricing remains the same throughout
• Provides telephone support
• Easy integration

Top 5 Freshbooks Accounting Service Complaints

• Does not offer inventory tracking and vendor management
• You cannot send invoices to multiple customers at the same time for the same rates and services
• Invoice customization options are limited and come with just two templates and fonts
• Customers cannot view reports on the mobile application, making it less convenient if you are on the go
• It does not provide quarterly tax estimates