In today’s fast-paced business world, managing finances efficiently is crucial for success. Enter FreshBooks, an accounting software platform designed to simplify and enhance your business operations.
Understanding How FreshBooks Works:
FreshBooks simplifies accounting tasks with its intuitive platform. Whether you’re a seasoned entrepreneur or just starting your business journey, FreshBooks offers a hassle-free experience. From invoicing to expense tracking, it’s a one-stop solution for small businesses seeking financial clarity.
In addition to its invoicing prowess, FreshBooks simplifies time and mileage tracking for all plans. This inclusive approach ensures that small businesses with multiple employees don’t need to invest in third-party time-tracking apps. The platform also provides an online portal for clients to view and pay invoices conveniently
FreshBooks offers add-ons like Advanced Payments for automatically charging client credit cards and PaymentEvolution Payroll for running payroll. With 100+ third-party app integrations, users can tailor FreshBooks to their specific business needs. The ability to add and track inventory further enhances the platform’s versatility.
FreshBooks stands out with its user-friendly interface and convenient customer support. Unlike many platforms that restrict phone support to standard working hours, FreshBooks offers extended phone support from 8 a.m. to 8 p.m. Eastern time on weekdays. This ensures accessibility for business owners, especially those working late or in industries with unconventional schedules.
Subscription Pricing and Features:
FreshBooks caters to freelancers, solopreneurs, and micro-businesses. The subscription pricing includes three tiers:
Lite Plan:
- Send unlimited invoices to up to 5 clients.
- Track unlimited expenses.
- Send unlimited estimates.
- Get paid with credit cards and pre-authorized debit.
- Run reports for easy tax time.
Plus Plan:
- Includes all features from the Lite plan.
- Send unlimited invoices to up to 50 clients.
- Set up recurring estimates and client retainers.
- Automatically capture receipt data.
- Invite your accountant.
- Run comprehensive financial and accounting reports.
Premium Plan:
- Encompasses all features from the Plus plan.
- Send unlimited invoices to an unlimited number of clients.
- Set up recurring invoices and client retainers.
- Track project profitability.
- Customize email templates with dynamic fields.
Pros that Propel Business Growth
Phone Support Availability: FreshBooks goes the extra mile with phone support available from 8 a.m. to 8 p.m. Eastern time on weekdays, ensuring timely assistance for users.
Robust Invoicing Services: Enjoy a suite of invoicing features, including customizable designs, recurring invoices, and instant updates on views and payments.
Time and Mileage Tracking: All plans include time and mileage tracking features, eliminating the need for additional third-party apps and simplifying operations for businesses with multiple employees.
Cons to Consider
Limits on Users and Clients: FreshBooks imposes limits on users and billable clients, with additional user costs beyond the included one user in all plans except the Select tier.
Lite Plan Limitations: The Lite plan lacks double-entry accounting basics, potentially limiting its suitability for growing businesses requiring more advanced accounting features.
Table of Contents
Frequently asked questions
Where is FreshBooks located
FreshBooks has its headquarters in Toronto, Canada with operations in North America, Europe and Australia.
What is FreshBooks?
FreshBooks is an accounting software designed for solo business owners, freelancers and sole proprietors.
How much is FreshBooks per month?
FreshBooks is available at a monthly rate of $22 or an annual fee of $264, but discounts are regularly provided.
Why use FreshBooks
FreshBooks is an online accounting and invoicing service that saves you time and makes you look more professional
When was FreshBooks founded?
The company was founded in 2003 and is based in Toronto, Canada.
