FreshBooks is an online invoicing, accounting and billing software for small business owners. Most of the time, freelancers, consultants, and small to medium-sized business make use of office suites such as word processors, spreadsheets and email for just about anything, even if they are not the best tools for the job. Cloud-based applications and services now can perform business functions such as billing and invoice management more efficiently. By using the leading cloud accounting solution, even one-person first-time owners are able to manage finances and create professional-looking invoices easily.
Features, Benefits, Product Strengths
- Easy-to-use Online Invoicing – FreshBooks is simple and straightforward to use. It has an intuitive interface that enables users to create, send and track invoices in a few minutes. Users can add their company logo, payment terms in any currency, and client information. Unit costs, amount totals and taxes are automatically computed. It will notify the users if clients have already viewed or paid the invoice, and will follow up those who have not paid with late payment reminders. It accepts credit card payments and can print paper copies for clients who prefer them.
- Time and Expense Tracking – This online billing software makes it easy to log time and billable hours wherever the user may be. It has native iOS and Android apps that enable users to use their smartphones and tablets to track time, take photos of receipts and quickly convert hours and other billable items into invoices. It can even import expense data from bank accounts and credit cards and enter them in a specific tax category.
- Bookkeeping, Financial Reporting, and more – Freshbooks cloud accounting solution is a productivity tool that enables users to perform bookkeeping functions without getting intimidated. It allows them to get organized easily and get paid quickly. It has Accounts Aging and Time to Pay reports that help users know the details of their business. It also has Invoice Details, Revenue by Client, and Profit & Loss reports to discover outstanding invoices, the best clients and the financial health of the business. It also integrates with many web services and apps such as PayPal, Stripe, Google Apps and more.
FreshBooks online invoicing, accounting and billing software offers freemium plans. Users who have 1 client can use the software-as-a-service for free. The Seedling plan that is priced at $19.95 per month allows users to manage up to 25 clients. As plans go higher, more features are available. All plans include free and friendly customer support, import and export of data, security safeguards, backup procedures, and ability to accept credit card payments. It is free to try for 30 days. Subscription can be canceled at any time.
Social Network Presence
Freshbooks is for freelancers, consultants, law firms, marketing agencies, professional services, IT web services and other small to mid-sized businesses. It is valuable for business owners, managers, accountants and finance staff.
The interface is available in English but invoices can be sent in the following languages: German, Dutch, French, Italian, Spanish, Portuguese, Danish, Norwegian, Swedish, and Estonian.
Some of their Clients
Client information is not available. However, the site states that it is currently servicing 5 million customers in over 120 countries.
Tina Roth-Eisenberg stated that FreshBooks made her look professional and also saves her a huge amount of time.
Melissa Crnic described it as a very helpful software that makes tax season stress-free with its features.
Invoicing, accounting and billing are essential business functions that should be managed well. FreshBooks is an easy-to-use, highly accessible and scalable cloud software that makes all these business functions simple, organized and professional-looking.
Freshbooks is a service offered by 2ndSite Inc., a privately held computer software company based in Toronto, Canada. It was founded in 2003 by Mike McDerment (CEO), Joe Sawada, and Levi Cooperman (VP Operations). While with a previous Internet consulting business company, Mike accidentally saved over an old invoice. Dissatisfied with the current tools at that time to create invoices and manage billing, he decided to build what now has become the leading cloud accounting solution designed for small business owners. In July 2014, it received $30M first round funding from investors. The company is committed to building a time-saving software and providing extraordinary customer service.