FreshBooks is accounting software that helps users manage online payments and automate client follow-up and time tracking tasks. Its features include invoicing, project collaboration, and file sharing. Prices start at $15 per month, and it’s best for self-employed professionals and businesses that want to make accounting and invoicing processes fast and easy.
FreshBooks Pros and Cons
User-friendly and clean interface
Not ideal for large businesses
Seamless invoicing and time-tracking features
Limited subscription level
Responsive customer support
Who FreshBooks Is Best For
- Self-employed professionals: FreshBooks’ Lite plan is designed for self-employed individuals who want to make accounting, invoicing, and time-tracking tasks effortless.
- Small to medium-sized businesses: Its all-in-one accounting and invoicing solution helps users easily manage their business in the cloud.
The FreshBooks pricing guide shows four plans: Lite, Plus, Premium, and Select. Each plan costs $15, $25, $50, and $50+/month, respectively. All plans include basic accounting features like invoicing, payment processing, and time tracking. The main differences between the plans are the maximum numbers of billable clients and premium features included, like advanced payments and customized training.
|Choose Your Plan|
Looking for a company that scales as you grow? Check out Quickbooks.
FreshBooks offers discounts from time to time. Please visit its website to check if there’s an offer available.
Ideal for self-employed professionals, Lite supports up to five billable clients and comes with unlimited customized invoices and expense entries. Other features include unlimited time tracking and estimates, insightful tax time reports, and custom functionality and workflows with more than 200 integrations. Users subscribed to this plan may accept credit card payments and automated clearing house (ACH) bank transfers online.
FreshBooks’ Plus plan is designed for small businesses with up to 50 billable clients. It includes all of Lite’s features, in addition to unlimited proposals, automated recurring invoices, late payment reminders, and client retainers. Users may add team members with a charge of $10 per person and accept advanced payments for $20 per month.
Those who need an accounting solution for up to 500 billable clients may choose Premium. It contains all the features present in the Plus plan.
The Select plan is best for users with more than 500 billable clients. Its features include customized training, super low credit card transaction rates, easy QuickBooks and Xero integrations, and a dedicated account manager. Those interested may contact the provider to request more details or a demo.
Popular Accounting Software 2020
Businesses that want the most widely used small business accounting software that scales as they grow
Solopreneurs and freelancers who need to streamline customer invoicing and payment collection
Businesses in the nonprofit, manufacturing & distribution, professional services, contracting, and retail industries
Businesses that use other Zoho products, like Zoho CRM
FreshBooks has a wide range of features designed to make accounting easy for users and save them time, allowing them to focus on other important aspects of their businesses. Here is a list of some of FreshBooks’ most popular features.
FreshBooks’ templates can be personalized with a variety of colors and fonts. Users may choose from a large selection of templates and add their logos to reflect their brand.
This customizable feature helps users avoid late payments by automatically reminding clients of invoices that are due for payment.
Automatic Late Fees
Automatic late fees are applied to encourage clients to pay on time. Users may set a system-calculated fee to alert their customers of the balance that is due on their accounts.
This functionality enables users to send invoices on a regular schedule, saving them time from billing repeat customers with similar invoices.
Which Accounting Software Provider Is Right for You?
Most Helpful FreshBooks Reviews
Users who gave positive FreshBooks reviews mentioned that its interface is clean and intuitive. Others commented that its invoicing feature is great, while others commended its responsive and helpful customer support. On the other hand, those who left negative FreshBooks reviews said that its reporting system needs improvement. Most others expressed that it has a limited subscription level and that it is not an ideal choice for large businesses.
Clean and user-friendly interface
“FreshBooks offers good features for a reasonable price. It has a user-friendly interface that is also very attractive to the eye. Customer support has always been very responsive whenever a problem occurs and has solved everything quickly. With FreshBooks, every invoice goes smoothly. Tracking is also one of my favorite features as it allows me to keep track of time for projects.”
Limited subscription level
“The only drawback we have experienced with FreshBooks is its limited subscription level. We have exceeded its standard higher level package, but we are not big enough to financially justify a personalized and business package.”
—Dayana Yusimg Perez Chang
FreshBooks Frequently Asked Questions (FAQs)
What languages does FreshBooks support?
The languages it supports include English, Dutch, Danish, German, French, Italian, Greek, Portuguese, Spanish, Romanian, and Spanish.
Does FreshBooks accept credit cards?
Yes, it does. FreshBooks can process credit card payments through integration with either one of its payment gateway options. It currently offers FreshBooks Payments powered by Stripe for international transactions and FreshBooks Payments powered by WePay for clients in the United States and Canada.
What types of reports are available on FreshBooks?
It offers standard business and financial reports, such as Profit and Loss and Sales Tax Summary. It also provides a report of aging accounts, payments collected, accounting entries, expenses, and invoice details.
Our Top Accounting Software Provider Picks
If you aren’t sure that FreshBooks is right for you, then this article on the 4 Best Accounting Software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed down our recommendations based on price and features.