FreeAgent vs FreshBooks Comparison

FreeAgent and FreshBooks are two similar solutions for invoicing, but which is better? This article will compare the features of FreeAgent vs. FreshBooks to help you decide. topic: The Future Of Blockchain-Powered Games?Category: CryptocurrencyIntroduction: Experts say gaming will be the first real use case for blockchain, revamping the industry and making games more immersive than ever. How gaming navigates the remaining hurdles will become a case study for other industries considering mass blockchain adoption.

The “freeagent pricing” is a comparison of the two software tools. They are both used for accounting and invoicing. The freeagent has more features, but the freshbooks offers a 30 day money back guarantee.

FreeAgent in the United Kingdom and FreshBooks in Canada are two cloud-based accounting apps that provide basic accounting capabilities and are excellent for freelancers. FreshBooks is a better option for freelancers who monitor their time or have service companies. While FreeAgent offers unlimited users and is less priced, FreshBooks is a better choice for freelancers who track their time or have service businesses. While both systems have advantages and disadvantages, the ideal accounting software for your organization will be determined by your accounting requirements.

When Should You Use FreeAgent?

FreeAgent is a money management and accounting application for freelancers and small enterprises that is hosted in the cloud. FreshBooks is also useful for service-based firms since it can monitor time and costs by project and add them to invoices automatically. For businesses that need numerous users, FreeAgent is preferable than FreshBooks since a single monthly price grants access to an infinite number of users with no functionality limitations. It only works with accrual-based firms, and it makes up for its lack of sophistication with a comprehensive mobile app that will help freelancers and contractors who are often on the road.

However, despite its many advantages, FreeAgent has a few drawbacks. Because financial statements can only be issued on an accrual basis, FreeAgent isn’t a viable fit for businesses who utilize the cash-based method of accounting on their tax filings. Because there is no bank reconciliation tool to verify the available bank balance while checks are outstanding, FreeAgent isn’t suitable for businesses who issue paper checks. Wholesalers and merchants should also seek for a different small company accounting software since neither FreeAgent nor FreshBooks effectively handle inventory expenses.

Go to FreeAgent.com to learn more.

When Should You Use FreshBooks?

FreshBooks is a user-friendly cloud-based accounting software tool that provides many outstanding features appropriate for small companies, as we mentioned in our FreshBooks review. FreshBooks was chosen as the best invoicing software overall, as well as the best for online businesses with small inventory. FreshBooks is also ideal for businesses with workers since it integrates with Gusto payroll. FreshBooks is the best option for firms that utilize the cash-basis accounting approach since FreeAgent does not publish cash-basis financial statements.

While FreshBooks has a number of advantages, it also has a number of disadvantages. Because each subscription only allows for one user, FreeAgent is a far better option for organizations seeking for a tool that can handle an infinite number of users, customers, and projects.

Go to FreshBooks.com.

A Quick Comparison between FreeAgent vs FreshBooks

FreshBooks vs. FreeAgent: What’s the Difference?

FreeAgent is available for a low monthly subscription with no restrictions on the number of users, customers, or projects. Meanwhile, FreshBooks offers four membership options, each with a different pricing depending on the amount of features and customers. Both FreeAgent and FreshBooks provide a free 30-day trial if you want to check out the program first.

Pricing for FreeAgents

FreeAgent provides a single monthly membership option that costs $12 for the first six months and $24 after that. The payments are done on a monthly basis, however you may save money if you pay yearly. You may sign up for a free 30-day trial that requires no credit card information and can be cancelled at any time.

Pricing for FreshBooks

FreshBooks provides four subscription tiers, ranging from $15 to $50 a month, depending on the number of billable customers and the advanced features needed. Except for Select, which comes with two users, the fee is for one user. For $10 per month, more users may be added.

• $15 per month for up to five billable clients lite
• Plus, for up to 50 billable customers, you may pay $25 each month.
• $50 per month for up to 500 billable customers.
• Select: For more than 500 customers, custom pricing is available.

FreshBooks provides a 30-day free trial that allows you unrestricted access to the program with no commitments or credit card information necessary. During the free trial, it also offers free phone and email assistance.

Pricing for FreshBooks and Tiered Features

Takeaway: FreeAgent has a single fee for all of its features, but FreshBooks has four membership tiers, including Lite, which is much less expensive than FreeAgent. While FreeAgent allows for an unlimited number of users, FreshBooks costs an extra $10 per user, which may soon mount up.

Features of FreeAgent vs. FreshBooks

Accounts payable (A/P), invoicing, expenditure management, and time tracking are all significant aspects in both FreeAgent and FreshBooks. They both provide contact management and reporting features as well. FreshBooks, on the other hand, shines in terms of depth. FreshBooks’ invoicing capabilities are much superior than those of FreeAgent, which only allows for limited invoice customization. In addition, FreeAgent does not enable cash-basis accounting or bank reconciliation.

Features of FreeAgent

• A/P: You can generate and manage bills, as well as add them to projects. You may create recurring invoices and attach files to them.
• Estimates and invoicing: You may personalize invoices with your business logo and send bills directly to customers using FreeAgent. It excels at this duty thanks to a series of conversation boxes that let you tie the invoice to a project, set payment conditions, and adjust reference numbers. You may also convert an estimate to an invoice to speed up the process.
• Expense tracking: You may add receipts for business costs to FreeAgent by taking a picture with your smartphone and uploading it. They may then be categorized according to your preferences. You may also keep track of employee spending to keep an eye on their reimbursement balance.
• Contact management: With FreeAgent, you can manage both customers and suppliers. Basic contact information, default tax settings, sales tax registration, and custom remarks are all available to preserve. When you click on a contact, you’ll be able to see their whole history, including how much they owe right now and any invoices, estimates, or bills they’ve received.
• Time tracking: You may manually input or use the built-in timer to monitor and record your time. After that, you may create an invoice for unbilled time. Timesheet reports show you how much time you spend on each of your active tasks.
• Banking: Connect FreeAgent to your bank accounts to automatically import transactions, allowing you to keep track of your finances.
• Project management and basic job costing are both supported by FreeAgent. You may add tasks, billing rates, a default currency, a budget, start and finish dates, and notes to a project when it’s created. You can quickly link charges and time to projects and invoice clients for these fees. FreeAgent will also show you the total profitability of your project.
• Reports: There are just nine reports available in FreeAgent, which is rather limited. However, basic reports such as a profit and loss statement, balance sheet, aged accounts payable (A/P), and aged accounts receivable (A/R) are included. You may also choose to get a weekly email with things that need to be addressed, such as past-due bills.
• Unlike many accounting software programs, FreeAgent has no restrictions on the amount of users, customers, or projects.

Features of FreshBooks

• Invoicing: Using the invoice generator, you can quickly generate and edit your invoice, as well as include your logo and customise your thank you email. You may also automatically issue late warnings and collect payments by automated clearing house (ACH) and credit card.
• Expense tracking: You can classify your spending automatically, assign regular expenses, and import bank and credit card transactions automatically.
• Time monitoring: With the time tracking option, you can keep track of your time while on the move using the mobile app or manually entering time into the program. You may charge for tracked hours automatically by assigning that time to a particular client, adding comprehensive comments, and assigning that time to a specific client.
• Create estimates and proposals that outline the scope of your project, as well as the timetable and deliverables. Client feedback may also be seen and responded to.
• Profit and loss statements, balance sheets, time entry data, outstanding bills detail, and payments received are among the reports accessible.
• Banking: Link your bank and credit card accounts to automatically import transactions and eliminate manual input errors. You may manage your spending by classifying them as transactions are downloaded, so you’ll have less work to do when it comes time to balance your account.
• A/P: Use this tool to manage your bills so you always know where you are with your suppliers. To see overdue invoices, run an A/P aging report.
• Project management: You can manage your projects more effectively if you can allocate a fee or hours to each customer. This tool enables you to rapidly designate due dates and check the progress of a project.
• Easy expenditure uploads: You may digitize receipts by uploading a snapshot of them and manually inputting the expense in FreshBooks. The tracking of billable expenditures continues until they are included to a customer invoice.

Takeaway: While FreeAgent and FreshBooks share many major features, FreshBooks stands out for its ability to manage both cash and accrual accounting as well as invoicing. FreeAgent stands out because to its low-cost unlimited subscription.

FreshBooks vs. FreeAgent: Ease of Use

Both FreeAgent and FreshBooks include dashboards that are simple to use and understand. Your statements will be instantly uploaded to the program after you link your bank and credit card accounts, and you will be able to read reports that summarize your financial activities.

Ease of Use for FreeAgent

FreeAgent is exceptionally simple to use, with a well-organized and straightforward user interface that takes little time to master. Setting up your account is likewise simple, with questions that enable you to tailor the service to your company’s specific requirements. By supplying your bank account information, you may connect it to FreeAgent, which will automatically import transactions on a regular basis using the Bank Feeds function.

Dashboard for FreeAgent.

The Dashboard provides a thorough snapshot of your financial situation, with charts and graphs depicting key company activities. Your cash flow, invoicing, banking, spending, and profit / loss may all be readily seen.

1. Cash flow: With FreeAgent’s cash flow, you’ll always know where you are with your finances.
2. Invoice Timeline: See whether bills have been paid, are due, or are past late so you know how much you owe and who you need to contact.
3. Costs: Keep track of your expenses and invoices, including the amount owed and the vendor.
4. Banking: You may examine a graph of your accounts that summarizes your balances by month when you link your bank account to FreeAgent.
5. Profit and Loss: In an easy-to-read style, see how much profit you’ve made this year.

FreshBooks’ User-Friendliness

The left navigation bar navigates to various tasks, such as time tracking and invoicing, and provides access to all of FreshBooks’ capabilities. The Dashboard displays an overview of unbilled time, outstanding income, overall profit, revenue sources, and expenses. The user interface is simple and easy to navigate.

Dashboard for FreshBooks.

1. Clients, Invoices, Payments, Expenses, Estimates, Time Tracking, Project, and My Team are just a few of the options available on the left menu bar.
2. Outstanding Revenue: This report summarizes past-due bills, which you may sort by the number of days they’ve been past-due.
3. Total Profit: The total profit made over a 12-month period is shown in this report.
4. Revenue Streams: This report displays a customer’s sales or revenue.
5. Spending: This report highlights corporate costs and breaks them down by category. This gives you a simple method to see how your money is being spent.
6. If you monitor your time, this report breaks it down by customer and might act as a reminder to send bills to those clients.

Takeaway: Both FreeAgent and FreshBooks have clean, uncluttered user interfaces that provide you a fast look into your business’s financials. The Dashboards and reports that highlight your overall earnings are simple to access. FreshBooks’ reports, on the other hand, offer a more detailed summary of expenditures and include an unbilled time report, which may be handy when invoicing customers.

FreshBooks vs. FreeAgent: Assisted Bookkeeping

Both FreeAgent and FreshBooks provide accounting assistance. FreshBooks, on the other hand, integrates with Bench, which provides additional services like as catch-up accounting and account reconciliation, while FreeAgent collaborates with Gorilla Accounting to give basic services.

Bookkeeping with the Help of a FreeAgent

Gorilla Accounting, a UK-based accounting business, has teamed with FreeAgent to provide its customers a comprehensive variety of services, including a dedicated accountant, a quarterly review of your books, financial statement preparation, tax planning guidance, and deadline and payment reminder services.

FreshBooks Bookkeeping Help

Bench, an online accounting service that offers limitless bookkeeping help, is a FreshBooks partner. Upon registration, you will be assigned a dedicated accounting professional who will manage everything from account reconciliation to spending categorization to financial statement generation. You can guarantee that your company is 100% compliant and that your records are up to date with add-on services like Bench Tax and catch-up bookkeeping.

Takeaway: Because FreeAgent is situated in the United Kingdom, its aided accounting choices for consumers in the United States are restricted. FreeAgent customers are supported by Gorilla Accounting, which is likewise situated in the United Kingdom. Bench, an online accounting solution that also offers catch-up bookkeeping and tax services, integrates with FreshBooks.

FreshBooks vs. FreeAgent: Integrations

Both FreeAgent and FreshBooks have integrations, although FreeAgent’s in-app connectors are restricted. FreshBooks features a number of other connectors, including Basecamp and Gusto, which are both popular programs.

Integrations with FreeAgent

There are 30 connectors available in FreeAgent, including a Zapier interface that links the program to over 1,000 additional add-ons. Here’s an example of the integrations that are available:

• Fractal and float cash flow forecasting
• Capsule CRM and Contactzilla are two customer relationship management (CRM) programs.
• Stripe, PayPal, Sellwire, and Woo Commerce are all ecommerce platforms.
• Dext, Dext, Dext, Dext, Dext, Dext, Dext,
• BrightPay and Staffology are two payroll companies.
• Authorize.net, PayPal, Stripe, and BigCommerce are all payment gateways.

Integrations with FreshBooks

FreshBooks has over 100 integrations to meet practically every demand your company can have. While it has a lot of prominent integrations, such as Gusto, Asana, and Basecamp, it only has three payment methods. The following are some of the other integrations that are available:

• Agile CRM, HubSpot, Capsule, and Natero are examples of CRM software.
• Woo Commerce, Podia, Squarespace, Shopify, Square, Selz, and Magento are all ecommerce platforms.
• Roger, Revolut Business, Everlance, Expensify, and MMC Receipt were used to track expenses.
• 2Ship and BarCloud for inventory management
• Gusto, PaymentEvolution, and KeyPay are three payroll companies.
• Boomr, Asana, Basecamp, and Everhour are all time tracking apps.
• WePay, Stripe, and PayPal are examples of payment gateways.

Takeaway: FreshBooks offers more than three times the number of connectors as FreeAgent, with many of them accessible from inside the software.

FreshBooks vs. FreeAgent: Mobile App

Both FreeAgent and FreshBooks feature extensive mobile applications that enable you to monitor your miles and enter costs while on the move. FreshBooks has more sophisticated time tracking tools than FreeAgent, which allows you to keep track of future tax deadlines on the app.

Mobile App for FreeAgent

The Mobile App for FreeAgent allows you to take control of your bookkeeping with real-time visibility of how your business is performing. You’ll be able to handle all of your day-to-day accounts, expenses, and invoicing tasks from wherever you are. Here’s a summary of the app’s features:

• Costs: Easily record expenses on the move by snapping a snapshot of your receipt, which is instantly saved in the receipt tracker.
• Invoicing: Create and send invoices with automated reminders to help you get paid more quickly.
• Create estimates that will enable you to win more business with less effort.
• Taxes: Stay on top of future tax deadlines and get alerts when your tax bill is approaching.
• Time tracking: Track all of your billable and nonbillable time to make every second count.
• Mileage: Keep track of the charges of your company’s car.
• Bills: Keep track of your suppliers’ bills and keep track of the expenses you spend while you operate your firm.

App for FreshBooks on Mobile

The App for FreshBooks on Mobile allows you to track your time, create and send estimates and invoices, accept online payments, follow up on unpaid invoices, and track all payments received. Mobile notifications keep you informed of all updates, so it’s easy to track everything client-related. All of your account info is synced automatically across all of your devices. The Dashboard summarizes profits, expenses, and other reports. Here’s a summary of the app’s available features:

• Miles: Automatically track your mileage while driving, simply classify work visits, and see your possible tax deduction.
• Create professional invoices for your clients, along with the option to send automated payment reminders.
• Costs: Take images of your expenses on the go or import them from your bank account, then categorize and allocate them to customers.
• Billable time may be lost if you and your team are working on many projects at the same time. FreshBooks’ time tracking feature makes it simple for your whole team to enter billable minutes and have them instantly added to invoices.

Takeaway: You can’t go wrong with either software’s mobile app, which has a lot of features that a contractor or freelancer may use while on the move. Both can monitor time, mileage, and costs, as well as invoicing clients.

Customer Support in FreeAgent vs. FreshBooks

FreshBooks’ excellent customer service has been hailed as one of its finest features, which makes sense given that it promotes and strives to respond to phone calls swiftly. Its phone service is provided seven days a week during normal business hours, but FreeAgent’s phone assistance is only available during UK business hours. Other support tools, such as a knowledge base, community forum, manuals, and webinars, are available on both sites.

Customer Service at FreeAgent

Monday through Friday, from 4 a.m. to noon Eastern time, FreeAgent has support accountants accessible to take your calls. These hours are based on FreeAgent’s location in the United Kingdom. You may also send them an email with your question, and you should get a response within 24 hours.

You may provide FreeAgent customer service personnel support access at any moment so they can see precisely what’s wrong and how to repair it. FreeAgent also includes a support center and a number of additional resources, including the following:

• Knowledge base: FreeAgent features a large knowledge library with hundreds of comprehensive and easy-to-understand how-to articles. There are also how-to manuals, frequently asked questions (FAQs), and webinars available.
• Small business guidelines: There are over 14 distinct categories of small company guides, including accounting, invoicing, costs, and payroll. These tutorials are informative and cover a wide range of topics, including “How to Get Your Invoices Paid in Five Days.”
• Community forum: You may connect with other FreeAgent users to ask questions on the community forum.
• YouTube: FreeAgent has a YouTube channel with over 130 videos that demonstrate practically all of the software’s features.

Customer Service at FreshBooks

FreshBooks places a great importance on customer care and encourages users to contact them as frequently as required, even if they are just using the free trial version. The following is a list of the various support options:

• FreshBooks phone service is available from 8 a.m. to 8 p.m. ET Monday through Friday. This is an excellent go-to support choice since customer service agents answer calls swiftly.
• FreshBooks help may also be reached by email, and you will often get a response within a few hours.
• Support form: If you prefer, you may contact customer service using the online support form.
• Help center: The help center has a huge number of how-to articles and a list of frequently asked questions (FAQs), all of which are well-written and provide step-by-step instructions.
• FreshBooks provides free introductory seminars to assist you have a better understanding of the program.
• Blog: Similar to the help center, the blog has a number of articles that give useful business advice as well as information on product upgrades.

Takeaway: While both FreeAgent and FreshBooks provide various types of customer care, FreshBooks outperforms the competition in terms of service, guaranteeing real-time access to a live person without long wait periods. Meanwhile, FreeAgent only provides customer service during UK business hours, limiting access to consumers in the United States.

Conclusion

FreeAgent and FreshBooks both include a number of cloud-based accounting capabilities that are perfect for freelancers and small company owners with a small staff. FreshBooks provides a more comprehensive set of capabilities, including advanced invoicing and time tracking, than FreeAgent, which is less priced and does not restrict the amount of customers or projects. While FreshBooks enables you to choose from four membership levels, each with a separate price per user, FreeAgent charges one modest monthly fee for an unlimited number of users.

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