Freshbooks Review, Pricing, Features with Pros and Cons

In this Freshbooks review, you'll find more information about its features, pricing, pros and cons and why you should consider using it.
9.3/10 (Expert Score)
Product is rated as #3 in category Accounting
9.3Expert Score
Accounting software built for Business Owners and Accountants

Unlock the power of seamless accounting with FreshBooks, the go-to solution for modern entrepreneurs. Revel in its intuitive design, cloud-based accessibility, and a mobile app that keeps your finances at your fingertips. Simplify tax season with categorized expenses and dive into comprehensive features that streamline your business operations. With FreshBooks, experience accounting that’s not just efficient, but effortlessly brilliant !

Customer support
9.1
Value for money
9.3
Ease of use
9.4
Features
9.3
Pros
  • Easy-to-navigate platform
  • Feature-rich
  • Simplified tax filing
  • Mobile app
  • Cloud-based
Cons
  • Client limitations
  • Additional costs for team members
  • Limitations for larger teams

Navigating the world of accounting software can be a maze, but what if there was a solution tailored just for you? Dive into our comprehensive guide on FreshBooks, the game-changer for freelancers and small business owners.

From its user-friendly interface to its cloud-based prowess, discover why FreshBooks might just be the accounting compass you’ve been searching for. Let’s demystify the buzz and see what this platform truly offers!

Read further to learn more about Freshbooks, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.

Click on “open” if you want to see exactly what we will talk about in the rest of this article.

Overview

What is Freshbooks?

FreshBooks is an online accounting software tailored for businesses, particularly those who aren’t accountants. It empowers entrepreneurs to spend less time on bookkeeping and more on their passion.

FreshBooks accounting features

FreshBooks offers cloud-based solutions that help businesses get paid for every bit of their effort. It enables users to send professional invoices swiftly, manage time tracking, set pricing, calculate expenses, and oversee their financials all in one platform.

The software also boasts a fully integrated double-entry accounting feature, accessible on any device, allowing users to manage their bookkeeping effortlessly from anywhere.

Furthermore, FreshBooks provides cloud-based billing software and industry-leading secure servers, ensuring the safety of users’ data. The platform also offers features like fast invoicing, online payment acceptance, expense tracking, and advanced reporting tools.

Freshbooks specifications

FeaturesAdd-Ons / Business and Client Management / Client File Portal and Team Collaboration / Invoice Management / Invoicing and Follow-ups / Manage Expenses Effortlessly / Mobile app / Time Tracking
Best suited forIndividuals, Freelancers, Small businesses
Website languagesEnglish
Website URLVisit official website
Support linkSupport page
Live chatYes
Company addressN/A
Year founded2000

Pricing

Freshbooks pricing: How much does Freshbooks cost?

Discover the perfect FreshBooks plan tailored to your business needs, all within a budget-friendly range of $8.50 to $27.50 per month (with custom pricing for advanced needs). Whether you’re a solo entrepreneur or a thriving business, FreshBooks offers a spectrum of features at competitive prices.

Pricing rangeFrom $8.50 to $27.50 per month
Pricing typesAnnual subscription / Monthly subscription
Free planNo
Free trialYes, 30 days
Money back guaranteeYes, 30 days
Pricing page linkSee plans

Freshbooks pricing plans

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Lite Plan – $8.50 USD/month (50% off for 5 months, originally $17.00)

    • Send unlimited invoices to up to 5 clients.
    • Track unlimited expenses.
    • Send unlimited estimates.
    • Accept payments via credit cards and bank transfers.
    • Accessible reports for tax time.
    • Mobile access on iOS and Android.
    • Add-ons:
      • Team Members: $11 per user per month.
      • Advanced Payments: $20 per month.
      • Gusto Payroll: Contact specialists for details.

Plus Plan – $15.00 USD/month (50% off for 5 months, originally $30.00)

    • All features from Lite Plan.
    • Send unlimited invoices to up to 50 clients.
    • Automatic expense tracking and receipt data capture.
    • Email receipts directly to your account.
    • Set up recurring bills and client retainers.
    • Business health, financial, and accounting reports.
    • Mobile mileage tracking.
    • Add-ons:
      • Team Members: $11 per user per month.
      • Advanced Payments: $20 per month.
      • Gusto Payroll: Contact specialists for details.

Premium Plan – $27.50 USD/month (50% off for 5 months, originally $55.00)

    • All features from Plus Plan.
    • Send unlimited invoices to an unlimited number of clients.
    • Track bills, bill payments, and vendors.
    • Customize email templates and signatures.
    • Automatic late payment reminders and billing of late fees.
    • Add-ons:
      • Team Members: $11 per user per month.
      • Advanced Payments: $20 per month.
      • Gusto Payroll: Contact specialists for details.

Select Plan – Custom Pricing (Talk to a specialist)

    • All features from Premium Plan and more
    • Access to lower credit card transaction fees and capped bank transfer fees.
    • Start with 2 team member accounts.
    • Dedicated account manager and custom onboarding services.
    • Remove FreshBooks branding from client emails.
    • Exclusive support via a dedicated number.

Each plan offers a free trial option, allowing users to test the platform before committing to a subscription.

Features

Freshbooks features: What can you do with it?

Dive into the comprehensive suite of features offered by FreshBooks, designed to streamline your business operations and enhance productivity.

From seamless invoicing and efficient time tracking to collaborative project management, discover tools tailored to meet the unique needs of modern businesses.

Invoicing

Freshbooks invoicing

FreshBooks offers a range of invoicing features. Users can customize invoices with templates, logos, colors, and fonts. There are options for automatic payment reminders, late fees, and due dates.

The software supports multi-currency and multi-language invoicing. Users can also set up recurring invoices, apply discounts, request deposits, and preview invoices before sending. Automatic tax calculations and a simple summary of outstanding amounts are also available.

Expenses

Freshbooks

The software allows users to attach receipts, categorize expenses for tax purposes, and provides a summary of spending. Users can remember vendors, track expenses in multiple currencies, and easily edit expenses.

Estimates and Proposals

Users can create detailed proposals outlining project scopes, timelines, and deliverables. E-signatures can be enabled for clients to approve and sign proposals online. Estimates can be reviewed, accepted online, and easily converted into invoices.

Time Tracking

Freshbooks time tracking

FreshBooks provides daily breakdowns of productivity, billing for tracked hours, and team time tracking. Users can log hours, use a timer, track time against clients or projects, and utilize a Chrome extension for tracking time within apps like Asana, Basecamp, and Trello.

Projects

Freshbooks project

The platform facilitates team collaboration on projects. It offers a comprehensive project management and team collaboration platform designed to streamline workflows and enhance productivity.

Features include file sharing, project conversations, setting due dates, and an overview of ongoing projects. FreshBooks’ Projects feature is designed to help small businesses and their teams produce better work faster, ensuring efficient collaboration and effective project management.

Payments

Freshbooks payment

FreshBooks supports online credit card payments, automatic payment recording, recurring payments, and auto-bills. Users can accept international currencies, set up late payment reminders and fees, request deposits, and ensure safe and secure transactions. Other features include bank transfer (ACH) payments, checkout links, refunds, and PayPal integration.

Accounting + Reports

Freshbooks report

FreshBooks offers a general ledger, accountant access, profit & loss reports, sales tax summaries, and more. Users can generate various reports such as expense reports, invoice details, balance sheets, bank reconciliations, trial balances, and journal entries.

Clients

Client management features include storing contact information, maintaining a relationship feed, internal notes about each client, and easy access to common clients. Users can also easily edit client details.

Add Ons

FreshBooks Apps and Integrations are designed to simplify workflows by integrating FreshBooks with other apps, enhancing functionality. The integration with Google Apps specifically allows users to : Search Google Contacts, preview client emails.

FreshBooks has developed a Google Chrome extension that users can add to their browsers. This extension aids in time tracking, especially when working within project management apps like Basecamp, Trello, or Asana. The tracked time is then automatically imported into FreshBooks.

Mobile

Freshbooks mobile

FreshBooks offers mobile applications for both iPhone and Android devices, providing users with the flexibility to manage their business operations on the go. Key features of the mobile apps include: Send invoices and Log expenses.

Additionally, the mobile apps are designed to boost efficiency, allowing users to manage their business operations seamlessly. Furthermore, the integration features help in reducing manual errors that might occur when transferring data between apps.

Conclusion

Freshbooks review: Why you should use it?

FreshBooks is tailored for freelancers, small business owners, and solo entrepreneurs who require a streamlined solution for their accounting needs.

The software stands out not just for its comprehensive features but for its simplicity, making it a preferred choice for those who may not have a background in accounting.

FreshBooks offers an intuitive dashboard, making it straightforward to navigate between functions and reports. Its cloud-based nature ensures accessibility from anywhere, and its mobile app further enhances this convenience, allowing users to manage their finances on the go.

Pros:

  • User-Friendly Interface: FreshBooks is renowned for its intuitive and easy-to-navigate platform. Even for those unfamiliar with accounting software, FreshBooks offers a smooth learning curve.
  • Comprehensive Features: From invoicing to expense tracking, FreshBooks provides all the essential tools required by small businesses and freelancers.
  • Cloud-Based: Being cloud-based, FreshBooks can be accessed from anywhere, ensuring that business owners can manage their finances whether they’re in the office or on the move.
  • Mobile App: FreshBooks’ mobile app is designed to be just as user-friendly as its desktop counterpart, allowing for efficient data entry and management while out of the office.
  • Tax Filing Made Easy: FreshBooks simplifies tax filing by categorizing expenses and providing essential reports, making it easier for business owners to share data with their accountants.

Cons:

  • Limitations for Larger Teams: FreshBooks may not be the best fit for larger teams or businesses that require extensive customization options.
  • Additional Costs for Team Members: Adding a team member to an account incurs an extra charge.
  • Client Limitations on Lower-Tier Plans: The basic plans have a restriction on the number of clients you can manage.

Choosing FreshBooks can be a strategic decision for those who prioritize ease of use and efficiency in their accounting processes. However, it’s essential to weigh its benefits against its limitations, especially if you’re part of a larger team or if you foresee rapid business growth.

FAQ

Frequently Asked Questions

How does FreshBooks simplify tax filing ?

FreshBooks categorizes expenses and provides essential reports, making it easier for business owners to share accurate financial data with their accountants during tax season.

Are there any limitations to using FreshBooks for larger teams ?

FreshBooks might not be the optimal choice for larger teams or businesses that need extensive customization. Additionally, adding more team members to an account comes with extra charges.

How does FreshBooks stand out from other accounting software ?

FreshBooks is renowned for its simplicity and user-friendly interface. While it offers comprehensive accounting features, its primary distinction is the ease with which users, even those unfamiliar with accounting, can navigate and utilize the platform.

How secure is my data with FreshBooks ?

FreshBooks prioritizes user data security. Being a cloud-based platform, it employs industry-leading security measures to ensure that all user data is safe and protected.

Freshbooks Review, Pricing, Features with Pros and Cons
Freshbooks Review, Pricing, Features with Pros and Cons

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