FreshBooks

Product Detail

FreshBooks started its life as an invoicing solution. Over the years, its growth in many areas has made it the go-to online accounting service for sole proprietors and startups. Its popularity extends to small to midsize businesses (SMBs) in many cases. It is our Editors’ Choice pick in the freelancer category. The tool went through a major update a few years ago, but some functionality has been slow to migrate from FreshBooks “Classic” (users signing up for the service are required to use the new version). Even without these tools, FreshBooks is the best choice for the smallest businesses because of its exceptional usability and aesthetic properties—and its smart selection of features.

Overview of FreshBooks Features

Online Invoicing

• Customizing your invoice
• Tracking Invoice Views
• Puting Business on Auto-Pilot
• Getting paid with deposits
• Getting paid with credit cards
• Customizing due dates
• Quick discounts
• Estimates
• Online Payments
• Late Payment Fees
• Recurring Invoices & Auto Payment
• Multi Currency & Multi Language
• Client Portal
• Late Payment Reminders
• Sales Taxes
• Client Credit
• Track Offline Payments
• Send Emails or Snail Mail
• Automated Tax Circulations
• Invoice Previews
• Knowing when the customer has seen the invoice
• Expense Tracking
• Automatic expense import
• Snaps
• Tracking spending per project
• Remember vendors
• Tax friendly categories
• Easy-to-read categorization
• Attach receipts (PDF or Image)
• Expense Report Filters
• File import
• Recurring Expenses
• Assign & Rebill Expenses

Time Tracking

• Timer
• Team timesheets
• Clear breakdown of the day
• Tracking against clients and projects
• Detailed Time entry notes
• Automated bills for tracked hours per project
• Project Managers
• Track Unbilled Time
• Different Rates for each Project
• Generate Invoices

Projects

• Sharing images and files
• Collaborating with clients, contractors, and employees
• Project due dates
• Centralized conversations
• Current Project overviews

Payments

• MasterCard, Visa, and American Express
• Quick bank deposits
• Automatically recorded payments
• Fees recorded as expenses
• Single-click setup
• Safe & secure
• Simple payment experience

Accounting Reports & Taxes

• Accounts Aging
• Profit & Loss
• Balance Sheet
• Expense Reports
• Item Sales
• Sales Tax
• Export to CSV or Excel
• Invoice Details Reports
• Accounts Aging Reports
• Filters for report customization
• Summary of outstanding revenue
• Clear spending breakdowns