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Brand : Freshbooks
3.9 
18 Ratings & 18 Reviews
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Starting at $ 8
Save Extra with 2 Offers
Save upto 28%, Get GST Invoice on your business purchase | 
Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.
For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:
the GSTIN of the user associated with their registered business, and
the specified Entity Name for their business.
It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.
Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.
Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.
Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.
To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.
Buy Now & Pay Later, Check offer on payment page. Easily manage invoicing, expenses, accounting, and more with FreshBooks Accounting Software and transform your financial planning and strategy. ...Read more
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Core Functionalities
Time & Expenses Management It is a process of recording, tracking, and managing employee working hours and business-related expenses. Multi Currency Support Refers to the software's capability to handle transactions, reporting, and financial management in multiple currencies. Tax Management It automates the calculation, tracking, and reporting of various taxes. Payroll Management Streamlines the process of calculating employee salaries, tax deductions, and benefits. Asset Management Consists of tracking & managing a company's assets throughout their lifecycle. Accounts Payable Refers to the money a business owes to its suppliers or vendors for goods or services purchased on credit. Accounts Receivable It represents money owed to a business by its customers or clients for goods or services delivered but not yet paid for. General Ledger It is a comprehensive record of all a business's financial transactions, categorized by accounts. Bank Reconciliation It is a process of comparing the balances in the company's records with the balances shown on the bank statement. Bookkeeping Capabilities Involves recording and managing financial transactions, tracking income and expenses, and keeping records current. Bank Settlement Refers to the process of reconciling transactions between a company's bank account records & its accounting system. Cost Centres A vital unit where costs are allocated for internal tracking & management purposes. Fixed Asset Register (FAR) Management A Fixed Asset Register tracks and manages a company's fixed assets, including their acquisition cost, depreciation, and current Trial Balance Preparation It consists of compiling and listing all ledger accounts and their balances to verify the accuracy of recorded transactions. Gst Report Preparations Involves the process of compiling data on Goods and Services Tax (GST) transactions from various financial records within an Return Filings Return filings are crucial in accounting software, where businesses prepare and submit tax returns to relevant authorities. Tds Report Generations Includes the automated creation of reports detailing Tax Deducted at Source (TDS) from payments made to vendors or contractors. GST Input Reconciliations Involves matching the Input Tax Credit (ITC) claimed on purchases with the GST details provided by suppliers. Variant Analysis Includes comparing & evaluating different versions or scenarios of financial data to identify variations, discrepancies, or Transaction Management Tracks, records, and categorizes financial transactions for accurate reporting. Quotation & Estimates Offers detailed price estimates to clients before finalizing sales, while estimates offer preliminary cost projections. Collection Management A robust field that involves tracking & managing receivables, including invoicing, payment reminders, & follow-ups. Receipt Management It involves capturing, organizing, & storing digital copies of receipts for expenses & purchases. Document Management Refers to the digital storage, organization, & retrieval of financial documents & records. Credit / Debit Note A credit note is issued to reduce the amount a customer owes, typically due to returns or overpayments. Fund Accounting It is a method of segregating resources into self-balancing sets of accounts, or funds, according to their intended use or Alerts & Notifications They are automated messages that inform users of important financial events, deadlines, or discrepancies. Batch Management It enables users to handle multiple transactions collectively, streamlining processes such as invoicing, payments, and updates. Branch Management It allows businesses to manage financial transactions, reports, and data specific to different branches or locations, ensuring Broker Management Involves tracking & managing broker transactions, commissions, & related financial activities to streamline brokerage Claims Management Includes tracking, processing, & settling claims efficiently, ensuring accurate record-keeping and financial reporting. Sales Management It consists of tracking sales transactions, managing customer accounts, and generating reports on sales performance. Statutory Compliances Ensures adherence to legal regulations such as tax laws, payroll requirements, and financial reporting standards. Administrative Features
Ledger Scrutiny Ledger scrutiny involves a detailed examination of financial records to ensure accuracy, completeness, and compliance. Admin Controls Allows administrators to manage user access, set permissions, and oversee the security of financial data within the system. User Access Management Includes roles, permissions, access control, and activity tracking to ensure secure operations. 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 Facility Management Refers to the tools used to track and manage the operational costs, maintenance, and usage of physical assets or facilities. Self Service Portal Allows users to access and manage their financial information independently, including viewing reports, submitting invoices, and Integrations Supported
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
Budgeting & Forecasting They are vital financial planning tools businesses use to estimate future revenue & cash flow. Revenue Management Refers to the systematic process of predicting, analyzing, & optimizing an organization's income by managing pricing & Cash Flow Management Used for tracking, analyzing, & optimizing the net amount of cash receipts, barring cash expenses. Fund Planning Defined as a process of forecasting & managing the inflows and the outflows of cash. Net Worth Management Defined as a process of tracking and managing an individual or organization's total assets and liabilities. Cash and Bank Management It tracks and manages all cash inflows and outflows, including bank transactions and cash payments/receipts. Financial Planning & Analysis It includes forecasting future financial performance based on historical data, and budgeting for expenses and revenue. 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
Financial Accounting and Reporting It involves tracking and managing a company's fixed assets, such as equipment, vehicles, and buildings. Profit Centers Defined as a segment within a business that is responsible for generating profits. Profit & Loss It shows revenues, costs, and expenses to determine net profit or loss for a period. Gross Profit Refers to the difference between revenue from sales and the cost of goods sold. Ratio Analysis It includes evaluating financial ratios derived from financial statements to assess a company's performance. Net Profit Management Involves calculating, analyzing, & reporting the net profit earned by a business after deducting all expenses. Financial Statement Generation & Analysis Refers to the process of automatically creating financial reports like balance sheets & income statements. Audit Management Refers to a process of preparing for & conducting audits by organizing & tracking audit-related activities. Sales and CRM
CRM Capabilities CRM capabilities are integrated to streamline & optimize the business processes associated with customer management. Customer Management It involves tracking & managing customer information, transactions, & interactions to streamline billing, payments, & Quotation & Estimates Offers detailed price estimates to clients before finalizing sales, while estimates offer preliminary cost projections. Order Management Handles the processing, tracking, & fulfilment of customer orders, thereby integrating them with inventory & financial Loyalty Program Tracks and manages rewards or incentives given to customers for their continued business. Sales Management It consists of tracking sales transactions, managing customer accounts, and generating reports on sales performance. Inventory and Supply Chain Management
Inventory Management It involves tracking, managing, and optimizing the stock of goods and materials. Inventory Reconciliation Refers to the process of matching the inventory records in an accounting system with physical inventory. Barcode Scanning It streamlines inventory management by automatically tracking & recording product information. Delivery Management It consists of tracking and managing the delivery of goods or services to customers, including scheduling, logistics, & more. Distribution Management Involves tracking & managing the flow of goods from suppliers to customers, including inventory control. Item Master A centralised database where detailed information about each inventory item or product is stored. Product Management It includes overseeing the development and enhancement of features related to tracking, managing, and reporting financial data. Stock Management It includes tracking inventory levels, monitoring stock movements, & managing reorder points. Store Management Helps track inventory, manage stock levels, and streamline purchase and sales processes. Supply Chain Management Streamlines procurement, inventory, and logistics for efficient financial oversight. Vendor & Supplier Management Tracks interactions, manages invoices and monitors payments for efficient procurement. Warehouse Management Optimizes inventory, controls stock levels, and manages orders and shipments efficiently. Project and Workflow Management
Time & Expenses Management It is a process of recording, tracking, and managing employee working hours and business-related expenses. Project Accounting Project accounting tracks & manages financial information & activities specific to individuals or jobs. Transaction Management Tracks, records, and categorizes financial transactions for accurate reporting. Facility Management Refers to the tools used to track and manage the operational costs, maintenance, and usage of physical assets or facilities. Production Management It involves tracking & controlling the manufacturing process, including inventory levels, work orders, and production costs. Workflow Management Streamlines tasks automate processes and enhances team collaboration for efficient operations. Retail and Point of Sale
Point of Sale (POS) Integrates sales transactions with financial records, facilitating real-time inventory management and streamlined reporting. Retail Management Consists of features for tracking inventory levels, sales transactions, & customer data along with generating reports for Billing & Invoicing
Payment Tracking Monitors and records incoming and outgoing payments, ensuring accurate financial records and timely reconciliation. Invoice Processing It includes receiving and managing invoices from vendors or suppliers to ensure accurate payment and financial record-keeping. Payment Processing Refers to the handling of electronic transactions between buyers & sellers, ensuring the secure transfer of funds. Automatic Payment Reminders Automatic payment reminders are notifications sent to remind customers of upcoming payments. Bill Of Materials (BOM) Refers to a detailed list of raw materials, components, and instructions required to manufacture a product. E-Way Bill Generation E-Way Bill Generation involves creating and managing electronic invoices required for the transportation of goods under GST
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Pros
“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
“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
“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
“I have no complaints about FreshBooks. It’s an excellent product that meets all my needs.” Chandan Mondal - Jul 24, 2024
“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
“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 Review What I think after 2 years of using Freshbooks”
4.8
Review by: Kendrick Disch Creative
“FreshBooks Review”
4.5
Review by: SoftwarePundit
“Freshbooks Review”
4.3
Review by: BizBuddy
Verified reviewer:
Executive, Logistics and Supply Chain
2-100 Employees
Software user since: < 6 months
Reviewed on: Aug 31, 2021
Verified reviewer:
Owner, Retail
Individual
Software user since: 6-12 months
Reviewed on: Jun 23, 2020
Verified reviewer:
Executive, Travel & Tourism
2-100 Employees
Software user since: < 6 months
Reviewed on: Jul 22, 2021
| 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 |
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