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Each plan only comes with one user, so the cost of additional users adds up fast. There are also some features missing that you’d find with other accounting software, such as built-in payroll. Offers unlimited invoices and estimates, as well as the chance to generate proposals, advanced reports and access to live bank feeds, and billing for up to 50 clients. FreshBooks’ entry-level plan, Lite, is offered at $15/month, making it more affordable than QuickBooks Essentials.

To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. FreshBooks was founded in 2004 by Mike McDerment, Levi Cooperman, and Joe Sawada in Toronto, Ontario. McDerment incorporated a second company, BillSpring in January 2015 to work on new product development. It was rolled back into FreshBooks as an updated interface in 2016. The company was founded in 2003 and is based in Toronto, Canada. Reports in FreshBooks are simple enough for you to understand but powerful enough for your accountant to love.

FreshBooks User Reviews

Because of the easy-to-navigate interface, FreshBooks is accessible to those who have little knowledge of or experience with accounting. We recommend FreshBooks for freelancers who are just starting out and need a quick-to-implement, intuitive invoicing and accounting tool. https://www.bookstime.com/ FreshBooks payment plans are available in several tiers, depending on the number of billable clients. Premium add-ons are also available, as well as a 30-day free trial. Integrated time tracking lets users log their hours and automatically put them onto an invoice.

Your clients can authorize recurring payments when you have this add-on. Small-business accounting software product that’s well-suited for freelancers and independent contractors.

FreshBooks Editor’s Score: 9.1/10

I have been with Freshbooks for about a decade and for most of that time would have given it five stars. We experienced all kinds of issues with data not updating what is freshbooks fast enough. For example, I would create an invoice for a project’s unbilled time, but the project’s unbilled time stats would not update… sometimes for hours.

This captured our time in such an amazing way and made it easy to give to clients. We evaluated the sales and income tax features across the other categories, so there’s no separate video. All transactions are deposited or withdrawn from cash on hand automatically. From there, transactions can be assigned to bank accounts, but only by utilizing the connection to your bank account.

Project Management

All financial data is stored in the cloud on a single unified ledger, allowing users to access the same set of books regardless of location on desktop and mobile. It offers a free API that enables customers and 3rd-party software vendors to integrate external applications with FreshBooks. It also incorporates a payroll feature and a projects feature. The software is priced on a pay-per-use recurring monthly fee.

FreshBooks offers accounting features best suited for freelancers or very small businesses. I use this to bill clients, send invoices, and to track time.

The Plus plan allows users to send invoices to up to 50 billable clients. It has additional features for managing recurring billing, client retainers, and e-signatures, as well as generating double-entry accounting reports. The Lite plan offers the essentials and is best for people who only have a couple of clients and do not have a business model that focuses on attaining more. Still, you’re able to send payments with credit cards and bank transfers and track unlimited expenses, some of the key tools freelancers need. This plan also allows you to easily keep track of payroll through a Gusto Payments integration. Intacct is used by companies in a wide range of industries including education, healthcare, hospitality, franchises, software, retail, wholesale, and professional services. Its main features include project accounting, time tracking, task management, subscription management, fund accounting, revenue recognition, point-of-sale, and recurring invoices.