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Another great new feature is the addition of ACH payments to FreshBooks Payments, which means you’ll likely get paid even faster. But perhaps the most important addition to FreshBooks is double-entry freshbooks accounting, which is no big deal if you work solo, but it’s a major deal if you have even one employee working for you. FreshBooks is an intuitive application dressed in an easy-to-use interface.
FreshBooks is our choice for the best accounting software for invoicing. It has extensive features that allow businesses to manage clients and projects, track time, create and send invoices, accept online invoice payments and more. The features consist of tools to facilitate invoicing, payments, expense tracking, estimates, time tracking, project management, and a basic client CRM system. Along with that, there are reports across invoicing and expenses, payments, accounting, and time tracking. When we tested FreshBooks, we found that it offers all of the essential accounting features that small businesses need.
Internationally Friendly Tools
FreshBooks does not directly integrate with a sales tax service like the gold standard Avalara. Even so, FreshBooks handles sales taxes more or less the same way other accounting apps for small businesses do. A Sales Tax Summary report will help you complete any necessary related forms. FreshBooks’ Plus plan lets you bill up to 50 clients, and adds features like standard financial reports, e-signatures, and proposals and client retainers. The Premium plan lets you send unlimited invoices to an unlimited number of clients.
Whether you want a little hand-holding will depend on how much you know about financial management and how much experience you have learning new tools. FreshBooks is designed for small business owners who have no accounting experience, but a little more upfront guidance wouldn’t be amiss here. FreshBooks offers well-rounded intuitive double-entry accounting with the tools that a very small business needs.
What Features Are Missing?
The price varies depending on the number of clients you have and the features available; therefore, be aware of what you are looking for. On the other hand, you can always upgrade to a higher package if your needs change with time. Overall, we found the FreshBooks platform to be one of the easiest to use across accounting software options. It’s a great value, starting at just $15 per month, and is ideal for those who need to quickly set up a software to begin tracking company financial information. The dashboard is very pleasing to the eye and the tool is extremely easy to navigate.
- Most accounting software companies provide these basic services even in their cheapest plans.
- Finally, although Xero’s interface is easier to learn than QuickBooks, it still isn’t as innately intuitive as FreshBooks.
- On the other hand, FreshBooks has limitations for larger companies or teams.
- You can create individual time entries by either entering the hours manually or using the built-in timer and assign them to team members.
- It also helps business owners manage projects and clients so that they know how many hours are worked for any given task.
- Xero doesn’t cap the number of users or clients you can have, but it limits the number of invoices you can send in its lowest-tier Early plan.
- Accounting software can be a long and arduous journey if you’re not au fait with its different sensibilities, let alone the work involved in mastering a new system.
With whichever option you choose, you’ll be able to customize the email using dynamic fields. This automatically fills information into the invoice and email, which will make it easier for you to put invoices on autopilot. FreshBooks is an excellent accounting option for small businesses, boasting a sleek interface that is easy to use, a strong feature set, and multiple integrations. FreshBooks offers over 100 integrations to cover just about any need businesses might have. While FreshBooks offers many popular integration options, such as Gusto, Asana, and Basecamp, only two payment gateways are available. One of the coolest features of FreshBooks is the proposals feature.