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FreeAgent

FreeAgent accounting software offers a customized approach for small business proprietors to handle their finances effectively. Although some users have noted c...

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FreeAgent accounting software offers a customized approach for small business proprietors to handle their finances effectively. Although some users have noted c...

Watch Demo Get Pricing
Overview Features Pros & Cons Reviews FAQs

Product Overview

FreeAgent accounting software offers a customized approach for small business proprietors to handle their finances effectively. Although some users have noted challenges with scalability and a somewhat steep learning curve, its flexible interface, time-saving automation, and collaborative features stand out as significant advantages.

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Product Details

What is FreeAgent?

Overview

FreeAgent is an accounting solution tailored for freelancers and small business proprietors. Being a cloud-based platform, it allows users to access their accounts from any browser and network. The software prioritizes data security with its 256-bit SSL encryption, ensuring safe data transfer from the user’s application to its cloud storage. FreeAgent supports payment processing through two major platforms: Stripe and PayPal. Additionally, it provides dedicated applications for both iOS and Android devices.

The user-friendly dashboard presents crucial insights into various business metrics, including transactions, invoices, receipts, tax returns, project statuses, and particularly timeline analysis. Users can generate time slips using the built-in stopwatch that accurately tracks time spent on client projects down to the minute or second. The bank feed feature simplifies financial management by automatically downloading daily transaction statements when linked to a bank account or credit card. Other notable features encompass smart bank reconciliation, comprehensive reporting, and customizable invoices.

Pricing

FreeAgent offers several pricing plans to accommodate different needs. The costs are as follows:

  • Sole trader account: £19/month

  • Partnership accounts: £24/month

  • Ltd Companies: £29/month

  • US accounts: $24/month

  • Universal accounts: £20/month

Each package comes with distinct features designed to suit various user requirements.

Unique Selling Proposition

A standout feature is its ability to track expenses effortlessly by simply uploading an image of the receipt.

Support

Users can reach support via email or phone.

Product Advantages

This software is particularly beneficial for service-oriented and project-driven businesses due to its timeline analysis capabilities and integrated stopwatch.

Product Limitations

Some users report difficulties when attempting to connect their credit cards with the application.

Accounting Software Features

✘ dashboard
✘ reporting
✘ accounting
✘ dashboards
✘ mobile app
✘ public api
✘ purchasing
✔ audit trails
✘ audit trials
✘ cybersecurity
✘ mobile access
✘ time tracking
✘ bid management
✘ credit control
✘ cta compliance
✘ expense report
✘ fee management
✘ general ledger
✘ kpi monitoring
✘ pci compliance
✔ tax management
✘ cash management
✘ crm integration
✘ debt collection
✘ email marketing
✘ fund accounting
✘ nav calculation
✘ quality control
✘ soc 2 compliant
✘ task management
✘ accounts payable
✘ asset management
✘ audit management
✘ donor management
✘ event management
✔ expense tracking
✘ fraud management
✘ grant management
✘ maintenance logs
✘ project tracking
✘ budget management
✘ fundraising tools
✘ project templates
✘ recurring billing
✘ safety management
✔ vendor management
✘ alertsnotification
✘ budgeting software
✘ built in reporting
✘ data visualization
✘ equipment tracking
✘ financial tracking
✔ invoice management
✘ payment processing
✔ payroll processing
✘ project management
✘ project scheduling
✘ zapier integration
✘ accounts receivable
✘ ai powered insights
✘ alertsnotifications
✔ bank reconciliation
✘ cloud collaboration
✘ collaboration tools
✘ compliance software
✘ contract management
✘ customizable report
✘ document management
✘ employee management
✔ financial reporting
✘ incident management
✘ integrated payments
✘ payroll integration
✘ production planning
✘ reporting analytics
✘ resource allocation
✘ scheduled reporting
✘ unitholder tracking
✘ workflow management
✘ bookkeeping software
✘ cash flow management
✘ customizable reports
✘ financial reportingg
✘ financial statements
✘ inventory management
✘ loan servicing suite
✘ payroll tax software
✘ real time monitoring
✘ rolebased permission
✘ volunteer management
✘ bill of materials bom
✘ billing and invoicing
✘ contractor management
✘ custom add on modules
✘ membership management
✘ multicurrency support
✘ regulatory compliance
✘ statistical modelling
✘ work order management
✘ account reconciliation
✘ facilities maintenance
✘ fixed asset management
✔ multi currency support
✘ partnership accounting
✘ auditing and compliance
✘ automated loan workflow
✘ change order management
✘ customizable dashboards
✘ paperless documentation
✘ reporting and analytics
✘ supply chain management
✘ debt collection software
✘ financial analysis tools
✘ small business invoicing
✘ subcontractor management
✘ accounts payable software
✔ budgeting and forecasting
✘ regular payment scheduling
✘ data analysis and reporting
✘ accounts receivable software
✘ business management software
✘ financial reporting software
✘ automated email communication
✘ financial management software
✘ data collection and management
✘ efficient portfolio management
✘ financial portfolio management
✘ policy and document management
✘ regulatory compliance tracking
✘ revenue recognition compliance
✘ risk assessment and mitigation
✘ automated notifications updates
✘ contact relationship management
✘ project planning and scheduling
✘ integration with banking systems
✘ advanced analytics and forecasting
✘ multi currency accounting software
✘ machine learning and ai integration
✘ provides government boi transcripts
✘ version control and change tracking
✘ audit trails auditing and compliance

Pros

  • ✔ Easy to onboard clients
  • ✔ Ease of reconciliations
  • ✔ Intuitive mobile app
  • ✔ Information transparency

Cons

  • ✘ Training required
  • ✘ Some features are inflexible
  • ✘ Customer support could be better

Price

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Ratings

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Frequently Asked Questions

Find answers to the most common queries about our software recommendation service.

Yes, FreeAgent offers an API.

FreeAgent supports the English language only.

FreeAgent integrates with HubSpot, Commusoft, Float, Zapier, and others.

Yes, FreeAgent supports iOS and Android devices.

Pricing varies as per different regional plans. FreeAgent UK package begins with a free plan. Its global package starts at $11/month, and the US plan at $13.50/month. Users can get a tailor-made quote for their businesses.

FreeAgent is used by small businesses in retail and hospitality, creative and technology, traditional trades, and other industries.

FreeAgent offers FAQs, email, chat, a knowledge base, and phone support.