FreshBooks is an accounting software for small businesses; it mainly started as an invoicing tool. With time, new tools have been added to make it suitable for all small to medium companies, expanding its scope in the market. It integrates all the necessary features like managing invoicing, expenses, time-tracking, etc. Contact Octa if you need an accountant for FreshBooks.
Hire FreshBooks Accountants in the UK
Need FreshBooks accountants in the United Kingdom? We can help you find a FreshBooks accountant who can assist you with managing finances for this dedicated software. Octa Accountants has certified accountants who can help with handling business finances seamlessly.
Book a Free Meeting
Contact us or use our calendar to schedule a free consultation with Octa Accountants' team. We're eager to learn about your business and its needs.
Discuss Business Needs
During our meeting, you'll have the opportunity to share your challenges while we offer tailored solutions designed to address them.
Meet Your Accountant
Once you're onboard, our team of Sage accountants will diligently handle your accounting tasks, enabling you to focus on business growth and innovation.
Features of FreshBooks Accounting Software
Wave Accounting Software is known for its user-friendly interface and is in high demand amongst small businesses or startups due to its affordability. Let’s discuss a bit about the first few steps you need to get started on Wave Accounting.
Time Tracking
Time tracking feature of FreshBooks allows its users to log billable hours, ensuring productivity stays on top, along with precise billing.
Detailed Reports
FreshBooks integrates insightful reports that can provide a detailed overview of the respective business’s performance, including profit and loss and expenses.
Advanced Invoicing
Users can create and send invoices with ease. Also, you can customize invoices and receive notifications when your customer views or pays the invoice.
Expense Tracking
Users can record all their expenses using FreshBooks on the go, even on the FreshBooks mobile application, ensuring prompt and accurate records.
Getting Started With FreshBooks
- Sign up to make a new account.
- Provide some basic information related to your business.
- Customize account settings like setting currency and adding company logo.
- Add clients to your accounting by adding relevant details.
- If you plan to accept online payments, then set the payment gateway option.
- Explore the feature set of FreshBooks.
- Once all this is done, start using FreshBooks.
FreshBooks Pricing
FreshBooks offers three different pricing plans, which makes it highly convenient for its customers to choose whatever suits their business more; let’s discuss all three pricing plans in detail:
Lite
£7.50
month
The most basic plan is priced at £7.50 per month or £139.50 per year. It offers features like sending unlimited invoices to up to 5 of your clients, tracking unlimited expenses, sending unlimited estimates, running reports, and getting paid with credit cards and bank transfers. It is only suited for small businesses or startups with insignificant accounting needs.
£7.50
month Plus
£12.50
month
Plus is a slightly more advanced plan than the previous one, priced at £12.50 per month or £232.50 per year. In this plan, you can send unlimited invoices to 50 clients, set up recurring invoices and client retainers, send unlimited estimates and proposals, run financial accounting reports, and much more. It is suitable for mid-sized businesses with a maximum number of 50 clients.
£12.50
month Premium
£17.50
month
This is the most advanced plan offered by FreshBooks, priced at £17.50 per month or £325.50 per year. It provides everything in the “Plus” plan with the addition that you can send unlimited invoices to an unlimited number of clients, set up repeated invoices and client retainers, send unlimited estimates and proposals, customize email templates, and much more.
£17.50
monthPros & Cons of FreshBooks
Here, we will be discussing the pros and cons of FreshBooks Accounting Software.
Pros:
- Phone Support: It offers phone support during regular working hours, a plus for people as their queries can be answered quickly.
- Time & Mileage Tracking: Through this, employers can see how much time was spent on projects or tasks and the distance traveled by employees for business purposes.
- Advanced Invoicing: This feature of FreshBooks is the best in its class. You can easily set up recurring invoices, include discounts, choose from multiple customized designs, and, lastly, get rapid updates when your customers have paid or viewed the invoices.
Cons:
- Limit on Clients: The “Lite” and “Plus” plan allows only up to 5 or 50 clients, respectively, making it a drawback for some people who don’t want to get the most advanced plan by paying more.
- Lacks Double-Entry Accounting: The most basic plan does not offer any bank reconciliation tools, general ledger, chart of accounts, or trial balance, forcing clients to move to other plans by paying more or using other software.
Do you need an experienced and dedicated FreshBooks accountant who will remove all your business’s accounting-related issues? Then you’ve landed at the right place as we at Octa Accountants provide you with the best accountant out there to help you handle all your business-related finances.
Book a Meeting to discuss your needs and get a fully personalised plan!
FreshBooks Alternatives
QuickBooks
QuickBooks is a widely used accounting software among small businesses. It offers numerous features and robust reporting capabilities. It offers invoicing, expense tracking, bank reconciliation, and payroll management. The most basic plan costs $25 per month, and the features increase according to the pricing plan. In the features department, QuickBooks is similar to FreshBooks but costs a bit more than FreshBooks.
Sage Accounting
Sage accounting software is also very similar to FreshBooks with almost the same key feature set, but the main point here is that the pricing difference is a lot more compared to FreshBooks. Sage is offering its most basic plan at $59.82 per month, compared to $19.00 per month for FreshBooks.
Xero Accounting
Xero is also an accounting software commonly used by small businesses. It has the same features as FreshBooks and QuickBooks, such as invoicing, expense tracking, bank reconciliation, and inventory management. It is priced at $20 per month for the most basic plan, making it an extremely close alternative to FreshBooks.
FreshBooks Accounting FAQs
Here’s a list of frequently asked questions about FreshBooks accounting software from our web visitors.
Is FreshBooks suitable for startups?
Yes, FreshBooks is designed explicitly for small businesses and startups.
Is there a free trial available for FreshBooks?
Yes, a 30-day free trial is available, during which you can try out all the features of FreshBooks and get a grip of it before you subscribe to one of our plans.
Is there any customer support available for FreshBooks?
Yes, FreshBooks offers phone and email customer support to assist users with queries.
Does FreshBooks offer a mobile app?
Yes, FreshBooks offers a mobile app that allows users to create and send invoices, track expenses, and much more from their smartphone, making it convenient for people who are always on the go.
Does FreshBooks integrate with other apps?
FreshBooks easily integrates with multiple project management tools and CRM systems, allowing users to work seamlessly between FreshBooks and any other platform.
Can my current accounting software data be uploaded to FreshBooks directly?
You can easily import any CSV file to FreshBooks, making the transition process more accessible.
Ready for next step?
Are you ready to take your business to new heights? Contact the experts today to hire dedicated FreshBooks accountants in London or any part of United Kingdom.