FreeAgent
Designed for small businesses and freelancers, this cloud accounting software simplifies financial tasks. Users can manage invoices, track expenses, and oversee project activities seamlessly. With features like automated invoicing, receipt uploads via smartphone, and real-time cash flow monitoring, it streamlines accounting, making tax season less stressful and saving valuable time.
Top FreeAgent Alternatives
Sage Business Cloud Accounting
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KashFlow
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Sage Business Cloud Accounting
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MoneyWorks
MoneyWorks offers a seamless blend of user-friendly design and robust functionality, empowering small businesses with enterprise-level capabilities.
Webexpenses
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Crunch Accounting
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Aqilla
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Zumzum Financials
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Clear Books
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SkyFinancials
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Fiskl
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Exchequer
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Arithmo
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Voly
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FreeAgent Review and Overview
FreeAgent is one of those many freemium accounting tools founded in 2007, Edinburg, UK. The product was formed out of casual interaction between three friends who wanted to deal with bookkeeping stuff. It was acquired in 2018 by the Royal Bank of Scotland.
The idea is to provide the product free of charge to its customers worldwide. It offers many sophisticated accounting tools, even though most of its services are free. As of now, there is a 30-day test version, followed by a $24/month regular price. Before that, in 2017, FreeAgent aimed to offer its services to the customers for free.
A Quick Look into the FreeAgent Features
FreeAgent has integrated most of the features of accounting software long before. With the increasing pace of new customers, it is upgrading its services and is now available as a separate version for UK, USA, and global. The main features in it are for small businesses and accountants. It can be operated via Desktop, iOS, and Android, the first of those being Estimates and Invoices.
It even keeps records of most receipts, and then tracks all the expenses accordingly. Time Tracking is yet another top feature in it that provides in-built stopwatch or tracking timesheets. The main Dashboard in FreeAgent offers graphical info on incoming and outcoming cashflows, timelines for invoices, estimates, projects, etc. It can be linked to the banking account to gather all the banking data.
If these accounts are connected to any business, it can reveal the data on net profit or loss, along with full distributable reserves. Overall, it covers most of the financial details of your account. The Project Feature can be used to track billing, estimates, and invoices for an assigned project.
The Reports generated here are of top quality and includes detailed stats as in bookkeeping and accounting. They also run a partner program with additional benefits like practice panel, cross-client reporting, bulk payrolls, etc. Also, support options are quite responsive to customers.
Conclusion
Overall, FreeAgent is one of the classic accounting tools that even offers its services for free. The products are best for small businesses, common tasks, and personal accounting needs. It offers support for integrations like Stripe, PayPal, Slips, Zapier, etc.
Top FreeAgent Features
- Cloud-based accounting software
- Automated recurring invoices
- Expense receipt uploads
- Customizable expense categories
- Comprehensive project management
- Real-time cash flow tracking
- Automated late payment reminders
- Bank transaction imports
- Integrated VAT return preparation
- User-friendly interface
- Multi-currency support
- Online client collaboration tools
- Mobile app for invoicing
- Dedicated support accountants
- Seamless integration with banks
- Invoice tracking and reporting
- Time tracking for projects
- Customizable invoice templates
- Tax estimation tools
- No credit card required
