FreeAgent Review: Pros, Cons & Pricing of a Popular Accounting Software

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FreeAgent offers the features small businesses and freelancers need to keep their finances in top shape, from timekeeping to invoicing to cashflow monitoring to tax management and compliance. Built-in integrations with time tracking and CRM tools, payment solutions, and finance applications make FreeAgent an even more powerful app for accounting.

Through the FreeAgent dashboard, small business owners and freelancers get an accurate overview of their income and expenses. The application has built-in features for time tracking and timesheet generation to support invoicing needs. With bank accounts linked to FreeAgent, the application automatically tracks transactions as needed, eliminating the hassle caused by human error. The software also reduces the stress brought by tax season by helping users file their taxes themselves.

Users can access all these features from an intuitive dashboard that provides an organized view of important data such as transactions, projects, and invoices. FreeAgent provides a simple, secure solution to financial management so freelancers and small business owners can focus on being profitable and successful.

Benefits of FreeAgent

Centralized platform for financial management

Small business owners and freelancers will definitely appreciate FreeAgent’s extensive features for accounting and financial management. The software gathers essential accounting functions into one platform, providing access to timekeeping, invoicing, expense tracking, and tax requirements right from the dashboard. This greatly simplifies income and expense management and reduces overhead costs. 

Easier invoicing and payments

FreeAgent offers eight invoice templates, and creating a customized invoice takes only minutes. Set recurring invoices for regular clients so you can focus on more important tasks. When integrated with payment solutions such as Stripe or PayPal, the platform makes it easier for you to get paid and eases the payment process for the client, improving working relationships.

Accurate tracking and management for expenses

With FreeAgent, you don’t have to deal with the time-consuming process of manually tracking expenses. The platform can track expenses directly from bank feeds and bank statements. Once in the system, expenses can be categorized by project or currency. Bills can also be generated and added to projects when needed. Automated tracking helps ensure that your books are as accurate as possible. 

Hassle-free tax management

Taxes can be a headache for self-employed individuals, but FreeAgent can make sales reporting significantly easier. The system can provide debit and credit reports and tax returns to help with tax preparation. FreeAgent can also help merchants set up the right sales tax for their country and add multiple sales tax rates when needed. 

For more information about this product we recommend these FreeAgent CRM reviews.

Overview of FreeAgent Features

  • Intuitive user interface
  • Graphical representation of profits and losses
  • Mobile support for Android and iOS devices
  • Encrypted transactions with 256-bit SSL technology
  • Time tracking and timesheet generation
  • Eight customizable invoice templates
  • Recurring invoices and reminders
  • Contact management with history and amount owed
  • Automated expense tracking
  • Categorize expenses by project or currency
  • Bill generation and management
  • Payments via popular payment portals and major credit cards
  • Multiple sales tax rates

Pricing of FreeAgent

FreeAgent is offered via a Universal Plan, priced at $12/month for 6 months, then $20/month after. This includes unlimited users, clients, and projects, multi-currency invoicing, sales tax reporting and an award-winning support.

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About Author

Kate Stephens is a young and creative graphic designer as well as the mastermind behind AlternativesFinder.com her own startup company aimed at providing customers with reliable and often cheaper alternatives to various popular brands and products from all possible markets.

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