FreshBooks is a popular cloud-based accounting software designed for small businesses and freelancers. In this video, we will cover its features, pricing, pros, and cons to help you determine if it is the right accounting software for your business.
FreshBooks: Cloud Invoice and Accounting Software
FreshBooks is always the most qualified tool for solving your accounting needs, with its functionalities in bookkeeping, billing, accounting, expense tracking, financial reporting, and much more. It aids in the generation of highly detailed financial reports that provide accurate insights into the financial position of the business. This also assists in guiding one on how to make critical decisions to help improve the performance of one’s business. It has a very user-friendly user interface that makes navigating through it and using its features a breeze. Furthermore, some of its features, such as invoicing, are included.
FreshBooks offers a variety of features and functionalities to help small businesses and freelancers manage their finances and accounting needs. Some of its key features include:
Manage and track Clients: You can add clients to track invoice, refunds, and payments real-time. You are able to know where are your client of the purchasing journey.
Invoicing: FreshBooks allows users to create professional-looking invoices, customize them with their logo and branding, and set up recurring invoices. Users can also automate late payment reminders and track their invoice status in real-time.
Financial reporting: FreshBooks generates financial reports such as profit and loss statements, balance sheets, and cash flow statements that users can use to make informed business decisions.
Expense tracking: Users can track their expenses and categorize them for tax purposes, record their billable hours and expenses, and manage their receipts and reimbursements.
Estimates and Proposals: With FreshBooks Estimates, you can present a breakdown of your goods or services to your client for approval prior to commencing a project. Once the Estimate is accepted by your client, you may swiftly transform it into an Invoice and start working!
Time tracking: FreshBooks offers time tracking features that allow users to track their billable hours, set hourly rates, and generate timesheets for their clients.
Project management: Users can manage their projects from start to finish, assign tasks to team members, track their progress, and collaborate with clients.
Create a Team: You can collaborate with your team members by simply inviting them on the FreashBooks dashboard. You can manage their editorial access limitations as their responsibility.
FreshBooks offers three pricing plans: Lite, Plus, and Premium. The Lite plan costs $17/month and allows users to invoice up to 5 clients. The Plus plan costs $30/month and allows users to invoice up to 50 clients. The Premium plan costs $55/month and allows users to invoice up to unlimited clients. All plans come with a 30-day free trial.
And the custom pricing is for companies with more demanding requirements.
FreshBooks is an excellent choice for small businesses and freelancers looking for a simple yet powerful accounting software. Its user-friendly interface, comprehensive features, and mobile app make it easy to manage finances on the go. However, it may not be the best fit for businesses that require advanced features such as inventory management or payroll. Overall, FreshBooks is a solid choice for those looking for an affordable, easy-to-use, and reliable accounting software.