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Freshbooks

Brand : Freshbooks

Starting at $ 8

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Easily manage invoicing, expenses, accounting, and more with FreshBooks Accounting Software and transform your financial planning and strategy. ...Read more

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Freshbooks Software Pricing, Features & Reviews

What is FreshBooks Accounting Software?

FreshBooks is an intuitive business accounting software designed to help you stay on top of your business finances effortlessly. It is built for freelancers, solopreneurs, and small to medium-sized businesses, providing a comprehensive suite of tools to manage accounting, invoicing, expenses, and payments.

It covers all the essential parts of financial accounting, including advanced invoicing, expense tracking, double-entry accounting, and payroll. With its powerful features, FreshBooks helps you make informed decisions to scale your business.

Why Choose FreshBooks Accounting Platform?

FreshBooks is renowned as a game-changing solution for its enriched features and user-friendly interface. With over 30 million small businesses using FreshBooks worldwide, here are a few reasons why users prefer FreshBooks:

  • Easy Invoicing: Create professional invoices quickly. Automatically include tracked time and expenses, calculate taxes, and customize payment options to suit your business needs.
  • Fast Payments: Bill clients efficiently, receive payments faster, and automate recurring invoices and late payment reminders.
  • Expense Management: Track your expenses effortlessly with mobile receipt scanning, bank account imports, and automated expense categorization.
  • Real-Time Financial Insights: Get a clear picture of your financial health with double-entry accounting tools and powerful financial reports. Share access with your accountant for seamless collaboration.
  • Time-Saving Automation: Automate routine tasks to save time and reduce errors, helping you focus more on growing your business.
  • Comprehensive Support: Benefit from dedicated customer support with knowledgeable representatives ready to assist you at every step.

Advanced Features of FreshBooks

  • Mileage Tracking: Easily track and report your business mileage.
  • Detailed Reporting: Generate comprehensive financial reports to make informed business decisions.
  • Client Management: Manage all your client interactions and communications in one place.
  • Mobile Accessibility: Access FreshBooks on the go with its mobile apps for Android and iOS.

Pricing of FreshBooks Accounting Solution

FreshBooks offers 4 different plans to the users and based on your needs you can opt for a desired plan. However, the Lite plan by FreshBooks is priced at $9.50. To know more about the pricing plans and ongoing deals you can easily connect with our product experts.

Freshbooks Pricing & Plans

Lite
  • Send unlimited invoices to up to 5 clients
  • Track unlimited expenses
  • Send unlimited estimates
  • Get paid with credit cards and bank transfers(ACH)
  • Run reports for an easy tax time
    • Client
    • Monthly
Starting at $ 8
Plus
  • Everything in Lite
  • Send unlimited invoices to up to 50 clients
  • Set up recurring invoices and client retainers
  • Send unlimited estimates and proposals
  • Get paid with credit cards and bank transfers(ACH)
  • Automatically capture receipt data
    • Client
    • Monthly
Starting at $ 13
Premium
  • Everything in Plus
  • Send unlimited invoices to an unlimited clients
  • Set up recurring invoices and client retainers
  • Send unlimited estimates and proposals
  • Get paid with credit cards and bank transfers(ACH)
  • Automatically capture bills and receipt data
    • Client
    • Monthly
Starting at $ 24

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Freshbooks Features

Core Functionalities

  • icon_check Payroll Management Streamlines the process of calculating employee salaries, tax deductions, and benefits.
  • icon_check Tax Management It automates the calculation, tracking, and reporting of various taxes.
  • icon_check Asset Management Consists of tracking & managing a company's assets throughout their lifecycle.
  • icon_check Transaction Management Tracks, records, and categorizes financial transactions for accurate reporting.
  • icon_check Time & Expenses Management It is a process of recording, tracking, and managing employee working hours and business-related expenses.
  • icon_check Accounts Payable Refers to the money a business owes to its suppliers or vendors for goods or services purchased on credit.
  • icon_check Accounts Receivable It represents money owed to a business by its customers or clients for goods or services delivered but not yet paid for.
  • icon_check General Ledger It is a comprehensive record of all a business's financial transactions, categorized by accounts.
  • icon_check Quotation & Estimates Offers detailed price estimates to clients before finalizing sales, while estimates offer preliminary cost projections.
  • icon_check Bank Reconciliation It is a process of comparing the balances in the company's records with the balances shown on the bank statement.
  • icon_check Collection Management A robust field that involves tracking & managing receivables, including invoicing, payment reminders, & follow-ups.
  • icon_check Receipt Management It involves capturing, organizing, & storing digital copies of receipts for expenses & purchases.
  • icon_check Document Management Refers to the digital storage, organization, & retrieval of financial documents & records.
  • icon_check Credit / Debit Note A credit note is issued to reduce the amount a customer owes, typically due to returns or overpayments.
  • icon_check Multi Currency Support Refers to the software's capability to handle transactions, reporting, and financial management in multiple currencies.
  • icon_check Bookkeeping Capabilities Involves recording and managing financial transactions, tracking income and expenses, and keeping records current.
  • icon_check Bank Settlement Refers to the process of reconciling transactions between a company's bank account records & its accounting system.
  • icon_check Cost Centres A vital unit where costs are allocated for internal tracking & management purposes.
  • icon_check Fixed Asset Register (FAR) Management A Fixed Asset Register tracks and manages a company's fixed assets, including their acquisition cost, depreciation, and current
  • icon_check Trial Balance Preparation It consists of compiling and listing all ledger accounts and their balances to verify the accuracy of recorded transactions.
  • icon_check Gst Report Preparations Involves the process of compiling data on Goods and Services Tax (GST) transactions from various financial records within an
  • icon_check Return Filings Return filings are crucial in accounting software, where businesses prepare and submit tax returns to relevant authorities.
  • icon_check Tds Report Generations Includes the automated creation of reports detailing Tax Deducted at Source (TDS) from payments made to vendors or contractors.
  • icon_check GST Input Reconciliations Involves matching the Input Tax Credit (ITC) claimed on purchases with the GST details provided by suppliers.
  • icon_check Variant Analysis Includes comparing & evaluating different versions or scenarios of financial data to identify variations, discrepancies, or
  • icon_check Fund Accounting It is a method of segregating resources into self-balancing sets of accounts, or funds, according to their intended use or
  • icon_check Alerts & Notifications They are automated messages that inform users of important financial events, deadlines, or discrepancies.
  • icon_check Batch Management It enables users to handle multiple transactions collectively, streamlining processes such as invoicing, payments, and updates.
  • icon_check Branch Management It allows businesses to manage financial transactions, reports, and data specific to different branches or locations, ensuring
  • icon_check Broker Management Involves tracking & managing broker transactions, commissions, & related financial activities to streamline brokerage
  • icon_check Claims Management Includes tracking, processing, & settling claims efficiently, ensuring accurate record-keeping and financial reporting.
  • icon_check Sales Management It consists of tracking sales transactions, managing customer accounts, and generating reports on sales performance.
  • icon_check Statutory Compliances Ensures adherence to legal regulations such as tax laws, payroll requirements, and financial reporting standards.

Administrative Features

  • icon_check Admin Controls Allows administrators to manage user access, set permissions, and oversee the security of financial data within the system.
  • icon_check User Access Management Includes roles, permissions, access control, and activity tracking to ensure secure operations.
  • icon_check Ledger Scrutiny Ledger scrutiny involves a detailed examination of financial records to ensure accuracy, completeness, and compliance.
  • icon_check Backup & Restore A process of creating a copy of data (backup) to prevent data loss and retrieving that data (restore) to recover the system to
  • icon_check Facility Management Refers to the tools used to track and manage the operational costs, maintenance, and usage of physical assets or facilities.
  • icon_check Self Service Portal Allows users to access and manage their financial information independently, including viewing reports, submitting invoices, and

Integrations Supported

  • icon_check Import / Export Management Refers to the ability to transfer financial data in and out of the system, enabling seamless integration with various apps.

Financial Management

  • icon_check Budgeting & Forecasting They are vital financial planning tools businesses use to estimate future revenue & cash flow.
  • icon_check Revenue Management Refers to the systematic process of predicting, analyzing, & optimizing an organization's income by managing pricing &
  • icon_check Cash Flow Management Used for tracking, analyzing, & optimizing the net amount of cash receipts, barring cash expenses.
  • icon_check Fund Planning Defined as a process of forecasting & managing the inflows and the outflows of cash.
  • icon_check Net Worth Management Defined as a process of tracking and managing an individual or organization's total assets and liabilities.
  • icon_check Cash and Bank Management It tracks and manages all cash inflows and outflows, including bank transactions and cash payments/receipts.
  • icon_check Financial Planning & Analysis It includes forecasting future financial performance based on historical data, and budgeting for expenses and revenue.
  • icon_check Fund Accounting It is a method of segregating resources into self-balancing sets of accounts, or funds, according to their intended use or

Analytics and Reporting

  • icon_check Financial Accounting and Reporting It involves tracking and managing a company's fixed assets, such as equipment, vehicles, and buildings.
  • icon_check Profit Centers Defined as a segment within a business that is responsible for generating profits.
  • icon_check Profit & Loss It shows revenues, costs, and expenses to determine net profit or loss for a period.
  • icon_check Gross Profit Refers to the difference between revenue from sales and the cost of goods sold.
  • icon_check Ratio Analysis It includes evaluating financial ratios derived from financial statements to assess a company's performance.
  • icon_check Net Profit Management Involves calculating, analyzing, & reporting the net profit earned by a business after deducting all expenses.
  • icon_check Financial Statement Generation & Analysis Refers to the process of automatically creating financial reports like balance sheets & income statements.
  • icon_check Audit Management Refers to a process of preparing for & conducting audits by organizing & tracking audit-related activities.

Sales and CRM

  • icon_check Customer Management It involves tracking & managing customer information, transactions, & interactions to streamline billing, payments, &
  • icon_check Order Management Handles the processing, tracking, & fulfilment of customer orders, thereby integrating them with inventory & financial
  • icon_check Quotation & Estimates Offers detailed price estimates to clients before finalizing sales, while estimates offer preliminary cost projections.
  • icon_check CRM Capabilities CRM capabilities are integrated to streamline & optimize the business processes associated with customer management.
  • icon_check Loyalty Program Tracks and manages rewards or incentives given to customers for their continued business.
  • icon_check Sales Management It consists of tracking sales transactions, managing customer accounts, and generating reports on sales performance.

Inventory and Supply Chain Management

  • icon_check Inventory Management It involves tracking, managing, and optimizing the stock of goods and materials.
  • icon_check Inventory Reconciliation Refers to the process of matching the inventory records in an accounting system with physical inventory.
  • icon_check Barcode Scanning It streamlines inventory management by automatically tracking & recording product information.
  • icon_check Delivery Management It consists of tracking and managing the delivery of goods or services to customers, including scheduling, logistics, & more.
  • icon_check Distribution Management Involves tracking & managing the flow of goods from suppliers to customers, including inventory control.
  • icon_check Item Master A centralised database where detailed information about each inventory item or product is stored.
  • icon_check Product Management It includes overseeing the development and enhancement of features related to tracking, managing, and reporting financial data.
  • icon_check Stock Management It includes tracking inventory levels, monitoring stock movements, & managing reorder points.
  • icon_check Store Management Helps track inventory, manage stock levels, and streamline purchase and sales processes.
  • icon_check Supply Chain Management Streamlines procurement, inventory, and logistics for efficient financial oversight.
  • icon_check Vendor & Supplier Management Tracks interactions, manages invoices and monitors payments for efficient procurement.
  • icon_check Warehouse Management Optimizes inventory, controls stock levels, and manages orders and shipments efficiently.

Project and Workflow Management

  • icon_check Transaction Management Tracks, records, and categorizes financial transactions for accurate reporting.
  • icon_check Time & Expenses Management It is a process of recording, tracking, and managing employee working hours and business-related expenses.
  • icon_check Project Accounting Project accounting tracks & manages financial information & activities specific to individuals or jobs.
  • icon_check Facility Management Refers to the tools used to track and manage the operational costs, maintenance, and usage of physical assets or facilities.
  • icon_check Production Management It involves tracking & controlling the manufacturing process, including inventory levels, work orders, and production costs.
  • icon_check Workflow Management Streamlines tasks automate processes and enhances team collaboration for efficient operations.

Retail and Point of Sale

  • icon_check Point of Sale (POS) Integrates sales transactions with financial records, facilitating real-time inventory management and streamlined reporting.
  • icon_check Retail Management Consists of features for tracking inventory levels, sales transactions, & customer data along with generating reports for

Billing & Invoicing

  • icon_check Payment Processing Refers to the handling of electronic transactions between buyers & sellers, ensuring the secure transfer of funds.
  • icon_check Payment Tracking Monitors and records incoming and outgoing payments, ensuring accurate financial records and timely reconciliation.
  • icon_check Invoice Processing It includes receiving and managing invoices from vendors or suppliers to ensure accurate payment and financial record-keeping.
  • icon_check Automatic Payment Reminders Automatic payment reminders are notifications sent to remind customers of upcoming payments.
  • icon_check Bill Of Materials (BOM) Refers to a detailed list of raw materials, components, and instructions required to manufacture a product.
  • icon_check E-Way Bill Generation E-Way Bill Generation involves creating and managing electronic invoices required for the transportation of goods under GST

Freshbooks Specifications

  • Supported Platforms :
  • Device:
  • Deployment :
  • Suitable For :
  • Business Specific:
  • Business Size:
  • Customer Support:
  • Integration:
  • Training:
  • Language:
  • Ubuntu Windows iOS Android MacOS Linux
  • DesktopMobileTabletiPad
  • Web-Based
  • All Industries
  • All Businesses
  • Small Business, Freelancers
  • Phone, Email, Live Chat, Communities
  • API Integration
  • Videos
  • English

Freshbooks Reviews

85%

Have recommended this product

Overall Score

3.9/5
Based on 18 Reviews

Review this product

Your valuable feedback helps others like you make a better decision.

Pros

pros_icon “FreshBooks makes creating estimates and invoices simple. It’s easy to submit proposals and track payments, streamlining the whole process.” Riyaz Ahamad - Jul 28, 2024

pros_icon “FreshBooks is user-friendly and meets all my accounting needs. It’s cost-effective and offers great reports to track income and expenses.” Chandan Mondal - Jul 24, 2024

pros_icon “FreshBooks makes sending invoices to clients and reconciling bank transactions simple and efficient. The automated features save me a lot of time and reduce the chance of errors.” Nishant - Jul 24, 2024

Cons

cons_icon “I have no complaints about FreshBooks. It’s an excellent product that meets all my needs.” Chandan Mondal - Jul 24, 2024

cons_icon “Sub-categorizing expense accounts requires creating journal entries, which can be confusing. I wish there were an easier way to manage this.” Nishant - Jul 24, 2024

cons_icon “ACH payments can be slow to clear, causing delays in processing deposits. This can be a problem when clients need things done quickly.” Nishant Goyal - Jul 24, 2024

Freshbooks Video Reviews

youtubeVideoId

“Freshbooks Review What I think after 2 years of using Freshbooks”

4.8

Review by: Kendrick Disch Creative

youtubeVideoId

“FreshBooks Review”

4.5

Review by: SoftwarePundit

youtubeVideoId

“Freshbooks Review”

4.3

Review by: BizBuddy

A

Aniruddha

Verified reviewer:linkedin_verify

Executive, Logistics and Supply Chain

2-100 Employees

Software user since: < 6 months

Reviewed on: Aug 31, 2021

5/5

“Excellent invoice feature for small business”

Pros :

Cons :

Switched from : QuickBooks

Reason to switch : It does exactly what I need, and it's better than any other.

Features

5/5

Value for Money

5/5

Customer Support

5/5

Ease of Use

5/5

Likely to Recommend

10/10
NH

NAZMUL HOQUE

Verified reviewer:linkedin_verify

Owner, Retail

Individual

Software user since: 6-12 months

Reviewed on: Jun 23, 2020

4.6/5

“Nice eye-catching UI design and very user-friendly navigation.”

Pros :

Cons :

Switched from : Wave Accounting

Reason to switch : FreshBooks' mobile app has the most interesting thing to track and monitor expenses handy

Features

4.5/5

Value for Money

4.5/5

Customer Support

5/5

Ease of Use

4.5/5

Likely to Recommend

10/10
AT

Abebe Teshome

Verified reviewer:linkedin_verify

Executive, Travel & Tourism

2-100 Employees

Software user since: < 6 months

Reviewed on: Jul 22, 2021

4.5/5

“The overall experience with FreshBooks was great.”

Pros :

Cons :

Reason to switch : FreshBooks is a great accounting and invoice management software for startups.

Features

4.5/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

4.5/5

Likely to Recommend

10/10

Freshbooks Company Details

Brand Name Freshbooks
Information FreshBooks, cloud-based accounting software, allows owners to invoice clients, track time and run their small businesses in the cloud.
Founded Year 2003
Director/Founders Michael McDerment
Company Size 101-500 Employees

Freshbooks FAQ

A The generated invoices are secured with 256-bit encryption. The entire billing system is cloud-based and protected by leading secure servers.
A The finance management software facilitates, auto-categorization of expenses, recurring expense bills’ creation, automated expense import from banks along with safe storage on the cloud.
A Yes, our in-house team of product experts do provide an online demo of Freshbooks Accounting software on request.
A Yes, members can use the software to monitor the time invested by them on individual projects and generate invoices accordingly.
A You get access to all features of FreshBooks during the trial period to explore and decide if it meets your needs.
A FreshBooks offers various plans to cater to different business sizes and needs. You can choose the one that best fits your requirements.
A FreshBooks simplifies accounting by automating invoicing, expense tracking, payments, and reporting, making it easy for you to manage your business finances.
A Yes, FreshBooks is compatible with all devices, including Windows, macOS, Android, and iOS.
A Yes, FreshBooks provides excellent customer support with knowledgeable representatives available to assist you.
A FreshBooks allows you to easily share your financial data with your accountant for seamless collaboration.
A Yes, FreshBooks offers support to help you transfer your data from other accounting systems.
A The price of Freshbooks Accounting Software in India starts at $9.50/month on techjockey.com.

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