When it comes to the best accounting software options, finding out the right one for your business can be daunting. There are so many options for small businesses available that it gets a bit difficult to find. This article will be about FreshBooks. If yours is a small business or if you are a solo business owner or a freelancer, then this accounting software system is a great option for you.
In this article, we will first discuss some of the generalities associated with FreshBooks, which is an accounting software. After discussing the pricing of the software, we will also discuss some of the essential features of FreshBooks that benefit the users. Finally, we will discuss what are the factors that make this software a great option for small businesses. Hence, to learn more about this app, read on through to the end of the article.
FreshBooks Accounting Software – A General Overview
According to a review on Forbes.com,
“FreshBooks is an accounting software designed for solo business owners, freelancers and sole proprietors. The software makes it easy to stay organized, keep track of payments owed and expenses made, send invoices and accept payments.”
Once you do a FreshBooks login, you will find out that the dashboard is pretty simple. Apart from that, there are some key features of FreshBooks that include automated invoicing and a low learning curve prior to the use of the software system.
FreshBooks Pricing
You can get a FreshBooks free trial for the first thirty days, where you will get to enjoy all the major features of the software. After that, you will come across these plans:
| Plans | Price |
| Lite | $8.50 per month |
| Plus | $15.00 per month |
| Premium | $37.50 per month |
Apart from these three, you will also get a customized plan for yourself, as you can also avail more features. Here, you need to talk to a FreshBooks specialist and customize the plan for your business.
What Are The Major Features Of FreshBooks?
One of the best things about FreshBooks is its ease of usage. According to a review on Forbes.com,
“FreshBooks is known for its easy-to-use platform. Whether you are navigating from entering expenses to collecting payments, the sidebar is intuitive to use and doesn’t get lost in confusing jargon. Additionally, FreshBooks has a user-friendly mobile app that allows you to enter data as you need to while out of the office.”
FreshBooks comes with a variety of accounting tools so that you will have a chance to focus on the core processes rather than the software system itself. Here are the important features:
1. You will get access to a variety of customizable FreshBooks invoices, where you will have the freedom to pick your template, add a logo, adjust colors, fonts, etc., as per your need. These are automatic as well.
2. FreshBooks comes with useful payment reminders, which you can customize as well, as per your needs to remind the clients.
3. The automation feature also helps with late fees when your invoice is overdue, and you want to incentivize your clients.
4. You can add a lot of features to your invoices as well. Furthermore, there are multiple invoices as well.
5. There are several analytics and reporting features associated with this accounting platform, as you can access multiple reports as per your needs.
Why Is FreshBooks A Great Option For Businesses?
According to a claim by the FreshBooks’ official website,
“Setting clear expectations with clients is synonymous with success. Customized estimates and proposals simplify the client onboarding process, setup, and billing. Plus, you can transform your estimates into ready-to-pay invoices in a flash.”
Hence, if you run a small business, this accounting platform is one of the best software systems, as it brings top-quality features at affordable rates. However, you will not get the major customization features that you might find in other accounting software options.
Furthermore, FreshBooks’ customer service is also great. If you are facing some problems or you want some tips, then you will always get the help you need. Moreover, you can also connect to the FreshBooks’ accounting community with the Accounting Partner Program, where you can come across many professionals to find answers to your questions.
FreshBooks – Major Pros And Cons Of The Software
The following are the major pros and cons of FreshBooks that you must be aware of before you consider buying the software system for your small business:
Pros
Here are the major pros of FreshBooks that you need to know:
- It is really easy to use and intuitive.
- Since it is affordable, this accounting platform is a great option for small businesses, solopreneurs, and freelancers.
- Have all the major features required of a top-accounting software system.
- The software system comes with a double-entry accounting reports feature.
- Three different pricing tiers for the different needs of accountants.
Cons
The following are some of the cons of FreshBooks that you must be aware of:
- FreshBooks is not a good option for large businesses, even medium-sized ones.
- If you want to add an additional team member to the software system, you will have to incur extra costs.
- There are only a few customization options with this accounting platform. Personalization is also limited.
FreshBooks Alternatives
Although FreshBooks is a great accounting software system for small businesses, freelancers, solo accountants, etc., there are many different software you can check out. Some of them are discussed below:
- Zoho Books
- Xero
- QuickBooks
- NetSuite
- ZipBooks
- Sage Business Cloud Accounting
- AccountEdge
- MarginEdge
- Kashoo
- Neat
Summing Up
If you are looking for affordable and simple accounting software that comes with all the basic features for daily accounting operations, then consider purchasing FreshBooks for your business. The cons of this software will not bother you too much if you run a small business. If you are okay with the pricing of the software system, which is obviously on the lower side, then this accounting platform can be an amazing option for you. What features do you think this accounting platform needs to have to be helpful for bigger businesses? Share your opinions with us in the comments section below.
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