FreshBooks

FreshBooks is one of the leading accounting, invoicing, and expense management software solutions for small business owners. It is cloud-based and companies use it to send invoices, track time, manage receipts, and more.

*Freshbooks offers annual discounts as well as promotional discounts for new customers.

Products:

1. Accounting.

Users in search of comprehensive accounting solutions will appreciate FreshBooks' customizable invoice templates, automatic checks and balances, a wide variety of integrations, and a fully-featured mobile app. The double-entry accounting tool makes taxes easy to handle and the team collaboration feature is helpful for joint projects.

2. Invoicing.

The platform's invoicing software allows users to create customizable quotes that can be converted into invoices, set up payment reminders, integrate time tracking into an invoice, and accept payments via credit card and ACH.

Users can also invoice clients before a project starts, and FreshBooks will keep track of the project to help you manage the rest of the invoice. The invoices also easily integrate with payment and expense tracking.

3. Expense Management.

FreshBooks offers various expense management services that help companies automate and manage their expenses. Its tools include automatic receipt scanning, assigning recurring expenses, tax-friendly categories, expense imports, and cloud storage.

The platform also has a mileage-tracking solution for users in need of trip logging, tax compliance, and allowance rate tools.

4. Time Tracking.

The platform's time-tracking software helps businesses to keep track of the amount of time they are spending on clients and projects and then use that information for generating invoices.

FreshBooks breaks down your hours as well as that of your entire team into easy-to-read reports and can be used on mobile devices as well as through apps such as Asana, Basecamp, Trello, and Teamwork.

5. Projects and Collaborations.

FreshBooks helps small businesses collaborate with their teams to boost productivity. Business owners can invite contractors, employees, and business partners to collaborate on projects and use team permissions to give them access to certain files.

6. Estimates and Proposals.

FreshBooks features customizable proposals where users can clearly outline a project's scope, timeline, and deliverables. Users can then track the status of these proposals, from viewed to accepted, and easily transform them into ready-to-pay invoices. Clients can give feedback on proposals and accept them online

7. Payments.

With FreshBooks Payments, clients can pay directly through invoices and the payments will be automatically recorded in the business account. Clients have multiple payment options, including Mastercard, Visa, Apple Pay, and ACH. Credit card payments are processed at 2.9% + $0.30 per transaction and ACH at 1% bank transfer fees.

With FreshBooks Advanced Payments, users can accept payments online, over the phone, and in person. You can then save the credit card information for later billing and create subscription-based client profiles. You can also accept international currencies through Stripe.

8. Reporting.

The platform offers insightful and detailed dashboards and reports with valuable information available at a glance. Using financial reports, businesses can easily handle tax time as all the numbers are at their fingertips.

9. Mobile App.

FreshBooks' mobile app features all the products you would have access to on your desktop. Users can create and send invoices, take pictures of receipts and record expenses, collaborate with clients, and receive updates about viewed, paid, or overdue invoices.

FreshBooks also syncs data across all desktop and mobile devices so that your account is always up to date.

FreshBooks Packages:

FreshBooks' Lite, Plus, and Premium packages all offer basic but unlimited features, such as invoicing, expense tracking, credit card processing, tax reports, and custom functionality with over 200 integrations.

The Plus package has a few more features than the Lite, such as double-entry accounting, recurring invoices, and late payment reminders. FreshBooks says their Plus package is their most popular package.

FreshBooks' Premium package offers the same features as the Plus package, but whereas the plus allows for 50 billable customers, the Premium allows for unlimited billable customers.

Finally, with FreshBooks' Select package, users can choose from advanced features, including a personal account manager, customized training, low credit card transaction rates, and QuickBooks and Xero integrations.

FreshBooks vs. Other Accounting Software Providers:

FreshBooks vs. Other Invoice Software Providers:

FreshBooks vs. Other Expense Management Software Providers: