Last Updated 03 July 2017 | By:

FreshBooks Review

Is It Worth The Investment?

Freshbooks Accounting Software ReviewWhat’s the first thing business owners realize when they finally decide to invest in accounting software and start shopping around? It’s tough!

This one has too many features, while that one doesn’t have enough. Or, this software is just right but the package is a bit expensive, while that package over there is within budget but missing one critical feature. Wow.

Fear not, we’ve made the shopping process much simple. Our FreshBooks review walks through the most important Pros & Cons, Features, Package Pricing, and more to help you figure out if it’s the software you’re looking for. Enjoy!

Some Pros & Cons of FreshBooks

Pros

  1. First and foremost, their accounting software has been used by millions of entrepreneurs and startups, which is why it’s so refined.

  2. FreshBooks has a fabulous mobile app you can use to check expenses, invoices, transactions, track time, and a lot more – all on the go. Everything’s cloud-based, which means you can access it anytime, anywhere.

  3. You can invoice customers faster compared to other accounting software, plus request paper copies of invoices and receive them through first-class mail in one click.

  4. Tracking expenses is easy! Create downloadable copies of anything from bank statements to credit cards, generate reports, and track cash flow at any time so you’re never caught off guard (a big favorite).

  5. Tinker for free for 30 days without giving your credit card to see what you think. Should you need help, FreshBooks staff is available from 8:00 a.m. to 8:00 p.m. EDT, M-F.

  6. Ideal for small-business owners or agencies,with powerful invoicing tools, a user-friendly interface, and other perks that save time so they get paid through a smooth process.

Cons

  1. FreshBooks wasn’t initially designed to be full-blown accounting software, so there are still a few functions that fall short, such as payroll tools and a wide range of third-party app integrations. However, FreshBooks is regularly updated and takes requests from actual users for further improvements.

  2. FreshBooks is entirely web-based software, so if you want a downloadable program, FreshBooks isn’t for you (though now, most accounting tools are cloud-based or have the option available).

  3. This software isn’t fit to manage large volumes or complex inventory situations – keep in mind that their Premium plan accommodates up to 500 active clients.

Freshbooks Pricing & Features

FreshBooks has three straightforward plans: Lite, Plus, and Premium.

FreshBooks Pricing Structure

Honestly, the main difference between the plans is the size of your clientele. The only reason you wouldn’t need to go all the way to Premium is because your company hasn’t yet grown to that level. Startups often begin at Lite, then over the first few years, they graduate on up the ladder as needed. Where do you fit in based on the basic plan features they present?

 

A Quick Look Inside FreshBooks

FreshBooks is definitely offering cutting-edge accounting tools for creative entrepreneurs, small agencies, and modern startups. That said, let’s dig inside their platform to give you a better idea of how the software looks and feels.

As is often the case, presentation is everything, especially when dealing with core sets of data. Here are some examples of FreshBooks’ core functions:

Send Professional Invoices in Seconds

Freshbooks professional invoice

FreshBooks lets you customize your invoices, so what your client or customer sees is consistent with your brand. Just set it up once, and each time you create an invoice, it’ll automatically pull in your preferences for a professional presentation.

Track Expenses by Category

Freshbooks Expenses Tracker

Easily track your expenses as you go and categorize them into different buckets, such as meals and entertainment, transportation, or advertising. You can easily view all the expenses under each category and keep your budget right on track.

Easy Time Tracking

Freshbooks Easy Time Tracking

Freshbooks Easy Time Tracking 2

If you’re working with contractors, you’ll want time-tracking tools you can trust. Get an overview of how many hours are worked and when, as well as a breakdown of different tasks, clients, and upcoming estimates that help you plan for upcoming projects.

Keep a Close Eye on Finances

Freshbooks Expenses Tracker 2

Create custom reports with a click: no need for number-crunching headaches or going back and forth with bookkeepers to get the information you need. Generate profit and loss statements, expense reports, and more whenever you need them.

Clean, tidy, intuitive, easy on the mind (and eyes), and professional—are you starting to see why FreshBooks shot to the top of the industry so quickly and amassed a gargantuan following within our entrepreneurial era? Let’s dive into the pricing structure.

Customer Reviews: Are Other Entrepreneurs Happy?

There are hundreds, upon hundreds, upon hundreds of positive FreshBooks reviews that you can swim through if you’d like. The bottom line is that there’s more than enough to know the company and the software are both serious and legit.

Freshbooks Reviews

You only need to read about 20 or 30 before you start hearing the same praises over and over again. You’ll find more than 800 reviews on GetApp.com and another 100+ on G2Crowd.com. Ease of use, customer service, client tracking, tidy invoicing, and the mobile app are among users’ favorite features and come up time and time again.

How Does FreshBooks Compare?

FreshBooks ComparisonWell, oddly enough, FreshBooks is among the most inexpensive options, and yet many argue (right along with us) that it’s the best accounting software on the market. Did we mention that their free trial is stacked with features, so you can get a much clearer idea of what you’ll be capable of? Once you commit, you’ll start at just a mere $15/month for the same features.

Furthermore, if we turn to other online reviews to gauge FreshBooks’ customer support, it sure seems like they’re absolutely amazing at helping both beginners and advanced users alike get the most for the monthly fee.

While other programs like QuickBooks and Xero boast user-friendly experiences and rock-solid reporting tools, it’s clear that FreshBooks is taking on the creative world and focusing on solo entrepreneurs and small agencies with contractors. Their time-tracking tools and client-based pricing structure favor those with smaller businesses and contracted work, so if this describes your business, FreshBooks may be spot-on.

HERE’S A QUICK VISUAL

Xero
  • Pricing Starts at
    $9/month

  • 600,000+ users so far

  • Perfect for:
    Anyone needing affordable, comprehensive & flexible accounting software

Visit Website
QuickBooks Online
  • Pricing Starts at
    $10/month

  • 4.8 million+ users so far

  • Perfect for:
    Anyone wanting the original & most recognized accounting software available

Visit Website
FreshBooks
  • Pricing Starts at
    $15/month

  • 5 million+ users so far

  • Perfect for:
    Anyone needing an accounting software with a stronger focus on services, invoicing & billing

Visit Website

Frequently Asked Questions

Do I Really Need Accounting Software?

If you’re running a small business, accounting software will save you the headache of keeping track of all the financial data that comes along with it. A solution like FreshBooks will store all that information in one place where it’s easy to access, understand, and refer back to (especially when looking to expand your business, pay taxes, or see your growth over time).

Does FreshBooks Replace My Accountant?

No, but it does make their job easier! FreshBooks claims to save business owners an average of 16 hours per month, which means you’ll be using tools focused on the owner’s side of the business rather than the accountant’s side. You’ll streamline your billing and cash flow so that everything will be squared away for your accountant to take over when it’s time for tax season or other big tasks. You can also take some tasks into your own hands before passing them off, like creating your own powerful reports.

Any Hidden Fees

Everything you need is included in the monthly fee for the plan you choose, and you’ll never have to commit to a contract. You can also take advantage of a 30-day Free Trial (including full customer support access), with no credit card required and the ability to cancel anytime.

Plus, all of your data is stored from your trial, so you can come back to it if you decide to upgrade your plan later.

How Secure is FreshBooks?

FreshBooks guarantees that your data is secure and automatically backed up to ensure reliability. Any information submitted electronically is encrypted, like credit card numbers and billing information. They also use tools like physical security, intrusion detection, and more to make sure everything you store in your software is protected.

Are You Ready for FreshBooks?

If you're ready to empower your business with modern accounting software, using either of the links below will dramatically simplify your business...should you go through with the small investment and begin integrating either FreshBooks or Xero.

Remember, don't be afraid to reach out to their customer service, but there's tons of information online (articles, videos, tutorials, etc.) as well. Cheers!

Visit FreshBooks Or Visit Xero