FreshBooks accounting software is an ideal solution for self-employed professionals and small business owners.
FreshBooks is cloud-based and receives a consistent 4.7 out of 5 in usability, integrations, and much more from customers.
In this in-depth breakdown of FreshBooks accounting software for self-employed professionals, I cover the top features of FreshBooks, why it’s awesome, and the pros and cons of FreshBooks.
What is FreshBooks?
FreshBooks is an online accounting software created for the needs of self-employed professionals and their teams.
Running the books of a small business is simple, fast, and secure with FreshBooks. FreshBooks enables you to run your business without having to learn accounting.
Over 24 million people across 160 countries depend on FreshBooks to bill clients, track expenses, get their books organized, and much more.
FreshBooks optimal features ensure you spend less time on accounting and more time on running your business and deliverables.
Can you imagine how awesome that would be when you switch to FreshBooks accounting?
Who is Freshbooks For?
Freshbooks accounting software was created for:-
- Self-employed professionals
- Small businesses with contractors
- Small businesses with employees
Who Owns Freshbooks?
Freshbooks was founded in 2003 by Mike McDerment as an answer to the frustrations experienced while trying to use Word and Excel for invoicing.
The company has grown from a few people in a basement to over 500 employees spread around the world and Mike is currently the CEO as well.
He is also the co-author of Breaking the Time Barrier: How to Unlock Your True Earning Potential.
Top 9 Features of Freshbooks Accounting Software
1. FreshBooks Offers an Easy Invoicing Process
Creating and sending invoices manually is an almighty pain. You can easily make mistakes or send wrong amounts to the wrong client risking the chance of looking unprofessional.
When the process is automated, the chances of errors are less plus you save so much more time.
In FreshBooks, billable hours, expenses, and client info are automatically added to all invoices.
2. FreshBooks is Fully Customizable
You can customize your FreshBooks invoices with your logo, brand colors, brand style and more ensuring your invoice is truly unique and stands out.
Additionally, FreshBooks provides a ton of invoice templates.
3. Track All Expenses With FreshBooks
With FreshBooks, you can track your expenses up to 25% faster by snapping photos of your receipts and uploading them to the app.
You can also simplify things by connecting your business account or credit card to FreshBooks.
Everything is organized, free from mistakes and up to date every month, and right on time for when tax season rolls around.
I know my business finance life changed completely when I stopped trying to track expenses with excel.
4. FreshBooks is Completely Cloud Based
In case you’re not familiar with the phrase, cloud-based means FreshBooks is completely online. You don’t have to buy any software DVDs or download anything.
All your documents and uploads are stored on your FreshBooks account online and you can download them at any time.
5. FreshBooks is Compatible With All Programs
When a software is cloud-based, you want it to be compatible with your operating system.
FreshBooks is compatible with all devices and the only thing required to connect is the internet.
6. Easily Connect Your Accountant or Bookkeeper
If you hire a bookkeeper to keep track of your bookkeeping or an accountant to do your taxes, you can easily connect them to FreshBooks.
You can all see invoices, expenses, and reports. They create their own login details and only have access to the information you allow.
7. Easy Integrations With FreshBooks
There are several bookkeeping, accounting, and other programs that integrate easily with FreshBooks. They include:-
- Dropbox and more
You can see the full list of integrations available with FreshBooks at FreshBooks Integrations.
8. Project Management Software
FreshBooks provides project collaboration software that helps you keep on top of client work, project profit and loss, maximize profits, collaborate with clients and contracts and so much more.
You can also easily delegate work to your teams with FreshBooks project management software.
9. Easily Create Project Estimates With FreshBooks
You can create professional estimates for potential client projects with FreshBooks estimating software.
The templates provided by FreshBooks help you create beautiful and engaging estimates.
Clients can respond to you right within FreshBooks and much more.
Once the client accepts the estimate, it’s one click to send them an invoice for the entire amount or a certain percentage.
This is just the tip of the iceberg with loads of features offered by FreshBooks for self-employed professionals.
In addition to all the features above, FreshBooks provides world-class customer service and support for which the company has won many awards.
You’re never alone when you’re a FreshBooks customer and whatever support you need along the way, they are more than available to assist you.
FreshBooks pricing provides options for every stage of your business:-
- Lite: $6/month for 5 billable clients
- Plus: $10/month for 50 billable clients
- Premium: $20/month for unlimited billable clients
- Select: Customized pricing if your business needs are more complex or require special options.
You can add team members to your account for an additional $10/person/month.
If you’re a newbie to self-employment, the basic plan is good to start with then you can scale as your business grows.
Compare all the various FreshBooks pricing plans HERE.
How Do I Get Freshbooks for Free?
You can try FreshBooks for free for 30 days HERE. No credit card required and you can cancel at any time.
Why Switch to Freshbooks Accounting Software?
If you’re still on the fence about switching to FreshBooks, check out some of the impressive reviews from customers below:-
Cons of FreshBooks
As awesome as FreshBooks is, there are some aspects of it that could use some improvement such as:-
Payment for Additional Users
Users are not crazy about having to pay for additional users. If you’re a solopreneur, this isn’t an issue but if your business has more staff, it could get expensive.
Invoice templates are limited and users mention they would appreciate more customizable invoice templates.
Limited Payment Processors
FreshBooks doesn’t integrate with all payment processors so if you’re looking for something outside the usual suspects, it probably won’t be best for you.
Final Verdict on FreshBooks for Self-employed Professionals
FreshBooks is one of the best cloud-based accounting and bookkeeping programs for self-employed individuals, freelancers, and small business owners and I highly recommended it.
I will be uploading an in-depth review of Quickbooks Online and Quickbooks Self-employed shortly.
In the meantime, you can check out this quick comparison of FreshBooks vs. QuickBooks Online.
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Related Content: More Small Business Resources
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