FreshBooks - Perfect Accounting Software for all your Business Needs
Are you a solopreneur or a small business owner? Then handling your business, accounting and tax might be a tough thing for you. Here we brought you a solution for your problem, FreshBooks accounting software can solve the problem easily.
What is FreshBooks?
Freshbook is a cloud based accounting software which helps small business owners to solve their accounting related problems such as invoice, GST billing, TAX calculation etc.
Some of the Highlighting Features of FreshbBooks
Invoice – FreshBooks two basic customizable invoice templates which allows you to add due dates, calculate taxes, updates on paid invoice, track inventory billed on invoices and show preview before sending it.
The expanse and receipt Tracking – with FreshBooks you can easily track your expenses and receipts. It allows you to calculate in multiple currency, import expenses from your bank, rebill to a client later, store pictures of receipts for future in the cloud etc.
Timesheets and Time tracking – It helps businesses to track team time against a specific client and bill accordingly. These features make life easy for businesses.
Accounting – it easily handles all kinds of accounting related work of small businesses and lets them focus on their goal. You can easily import the data in excel sheets and store them.
Mobile apps – Avail of all features on the mobile app
Project Management and Team Collaboration- with this feature you can easily coordinate with both your teammates and client regarding all the updates of the project.
Estimates and Proposals- FreshBooks makes it easy to calculate estimates and send them along with proposals to the prospective client. This professionalism gives the businesses the more opportunity to bag the project.
Client Portal- FreshBooks gives you the opportunity to give a client portal to your customer where they can see the updates of their project, clarify their requirements, save and print documents related to project or even can pay if needed.
Contact Management- this section allows you to save all your clients information and add notes regarding them. You can save multiple client information separately and efficiently and access whatever you need.
Easy Financial Reporting- FreshBooks gives financial reports of your business at a regular interval. This feature allows you to analyse and improve your business strategy.
Pros of FreshBooks
It saves money and time for small business
It solves all kinds of accounting need for solopreneurs and small business
Wonderful support system via phone
Ease to use and great user interface
Offer double entry accounting
It offers detailed client information
It supports collaboration with team
It offers time tracking tools
It offers inventory tracking
It offers businesses to send proposals and projects
Cons-
It is expensive than other alternatives
Limited customization is available in invoice
It doesn’t offer quarterly tax calculation
Mobile app has some lack of features
This accounting software is for:
Freelancers
Self-employed persons
Businesses with contractors
Businesses with employees
Pricing
Freshbook offers 4 types of plans.
Lite Plan- this is for people with some basic needs. With this plan a business can send unlimited invoices to up to 5 clients, track unlimited expenses, send unlimited estimates, get paid with credit cards and bank transfers, track sales tax & see reports etc.
Cost - $ 4.50/ month or $108/year
Plus Plan- this is for business owners looking for more automation.
With this plan along with all above mentioned facilities a business can send unlimited invoices to up to 50 clients, automatically track expenses, send unlimited estimates and proposals, set up recurring billing and client retainers, run business health reports, double-entry accounting reports, invite your accountant etc.
Cost - $ 7 .50 /month or $180/year
Premium Plan - it is for growing businesses
With this plan along with all above mention facilities a business can send unlimited invoices to an unlimited amount of clients, track Bills, bill Payments & Vendors with Accounts Payable, track project profitability, customize email templates with dynamic fields, customize email signatures, automatically track expenses, automatically send late payment reminders and bill late fees, send unlimited estimates and proposals, get paid with checkout links, set up recurring billing and client retainers, run financial and accounting reports etc.
Cost - $ 15/ month or $360/year
Select Plan – it is for businesses with more complex needs
With this plan along with all above mention facilities a business can access to lower credit card transaction rates, start with 2 team member accounts, get a dedicated account manager, get help migrating from other software, set up your account with custom onboarding services, remove FreshBooks branding from client emails contact with Freshbook support team with a dedicated support number etc.
Cost – Custom pricing
Support:
They have an excellent support system. They provided detailed documentation for each and every section. Their support team also helps you through ticket raising.
Our Recommendation
We highly recommend FreshBooks for GST Invocing software which you can access from both the system and phone. So, it will be super easy for you to manage your business on the go.
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