Accounting software FreeAgent is a powerful online tool that is designed for use by small businesses and freelancers. It is feature-rich, offering small companies all that they need to keep their finances on track. It hosts a suite of tools that are meant to help users manage all aspects their financial operations–from running payrolls to managing expenses. With the platform, you can both send and track invoices that are created by the system itself. Expenses can likewise be easily monitored using the tool, all you have to do is take a photo of your receipt using your phone and upload it to the system.
FreeAgent has a built-in stopwatch and timesheets that can be used to keep time records. Cashflows can also be monitored with ease as the system dashboard makes them readily viewable along with due tax bills. What’s more is that FreeAgent can be linked to bank accounts so that transactions may be imported into the system automatically. Using the software, finance officers get to be always on top of their operations as they are provided with an overview of their organization’s income, expenses, profitability and receivables. Users also get to know how much tax they owe and even file their own VAT, RTI and Self Assessment returns.FreeAgent has 26 integrations, including Paypal, Stripe, Receipt Bank and Zapier, which can link the system to over 750 add-ons.
Currently, FreeAgent has more than 60,000 customers worldwide who describe it as an easy and efficient system to manage their books and invoicing. As simple and basic as it seems, FreeAgent keeps professionals on top of their cash flow, automates a large part of their payment operations, and helps them understand the effect of their business transactions.
Connectivity is another of FreeAgent’s advantages, as you can associate it with all of your bank accounts, or move numbers in and out of its seamless 3rd party integrations with few clicks. Instead, you can insert transactions manually, and arrange taxes on appropriate levels in order to make operations more company-specific. Overall, customizing FreeAgent can be challenging for novice users, but it becomes a real ace up the sleeve once you’ve got a hold on it. The best part is that there are almost no limitations to how you will track mileage, as FreeAgent’s usefulness can always be extended with free add-ons.
Finally, our experts recommend FreeAgent because of its data storage and safety considerations, having in mind that data are backed up several times per hour to a secure server. Next to the primary data center, there is a secondary standby one in another location, regularly updated to take over your operations in case the primary one experiences difficulties. Needless to say, all information is encrypted to the highest security standards to ensure no breach or serious interference will happen.
Show MoreDefined briefly, FreeAgent is a simplified financial management system, based on the traditional double-entry accounting logic for managing associated mileage and importing manual transactions. The rationale of the system is to facilitate complex expense operations for small businesses, which is why it is hosted in cloud, and why it uses a common navigation pattern. There are a myriad of benefits in using the system. Here are some of them:
Small Business-Friendly Solution
FreeAgent was designed to cater to small businesses, providing them with all the accounting and financial tools that they need. However, the system can also benefit contractors and freelancers owing to its vast array of features. For UK-based businesses, the software offers VAT support.
Easy-to-Use System
The platform is known for being highly intuitive as the vendor has made support resources available to guide novice users, making interface navigation comfortable. Its dashboard displays charts and graphs that reflect critical business activities. Users can also view invoices, timeslips and expenses, cash flow and even profits and losses.
Invoicing/Contact Management
The solution can create and send invoices with ease, with estimate to invoice conversion taking but seconds.Offering eight invoice templates, FreeAgent makes invoice creation a breeze. These visually attractive templates can be further improved as they are customizable. Custom logos and headers can be added and color schemes changed according to user preference. Recurring invoices and reminders can be set while invoice numbering can be customized based on projects and contacts. Estimates can likewise be sorted based on approval or rejection. For contact management, the software is designed to help in the management of vendors and contacts. Basic contact info can be saved, along with custom notes. A billing email can be added to a contact email. A single click allows users to view a contact’s entire history and how much they owe.
Expense Tracking Capability
FreeAgent can track businesses’ expenses with the use of bank feeds and imported bank statements. It can likewise attach expenses to individual projects and bill them to their customers. If you prefer, expenses can be added manually to the system.
Accounts Payable Management
FreeAgent can generate bills and manage them effectively, it can even add bills to projects when needed. Each bill can be customized by adding an attachment with a corresponding description. Recurring bills can be set, saving users precious time.
Intuitive Navigation
The dashboard known as Overview is designed in a sleek and modern fashion, and displays all important data for users to stay in control of their business’s financial health. The main cash flow chart spreads horizontally on the top of your screen, revealing the transactions you’ve entered in the last three, six, or twelve months. The dashboard also provides quick access to your Invoices, Projects, Estimates, and Time Slips.
Note that all working screens are based on familiar Windows conversions, including buttons, custom fields, add/edit bars, and dropdown menus.
Facilitated payments
To the satisfaction of business and end-users, FreeAgent has enabled payments directly into the system, and attached links to all internationally applied payment systems in the invoicing templates. By simply entering their credentials, clients can pay via PayPal, Stripe, or GoCardless, which is what makes FreeAgent attractive for Etsy and eBay retailers. The system also accepts payments from all major credit card providers, and collates bank transfers from more than 80 countries worldwide.
Advanced Expense Management
FreeAgent handles expenses more capably than someone would expect from a small-biz adjusted tool. All expenses can be categorized by currency, linked to specific projects and activities, tracked, and documented once the invoice is paid. Bank statements, on the other hand, should be uploaded directly on the website, so that the system would ‘consider’ them while reporting. You don’t need to upload bank statements direct to the site, if you enable your bank feed. Nevertheless, have in mind that FreeAgent doesn’t comply with the traditional statement-balance account reconciliation procedure, and will require you to add captions and descriptions for each feed that doesn’t match any of your categories.
Tax Management
FreeAgent allows you to use your reference schedule C to prepare taxes, as all categories in the system coincide with the IRS ones. Next, access the Journal entries and copy the tax prep totals to access tax return and pull off debit and credit reports. These operations are usually performed by professionals, but FreeAgent simplifies them to an extent where even beginners can lead the entire taxation program.
Show MoreFreeAgent is known to resolve a variety of problems that businesses encounter in their financial operations. The solution’s arsenal of features are designed to resolve complications that may arise from accounting processes. Here are some of them:
Allows Users to Know How Much Tax They Owe
Are you in the dark when it comes how much tax you owe the government? Do you wish that you could file your own VAT, RTI and Self-Assessment? One thing that FreeAgent prides in is that it is the only accounting app that keeps users updated on how much tax they owe. It is likewise capable of Self-Assessment filing directly to the HMRC.
Saves Time
Accounting takes a lot of small business owners’ time, not to mention the fact that it can be tedious at times. As FreeAgent automates most processes, accounting personnel are relieved of some of the burdens of their daily tasks. This frees up more of their time, allowing them to focus on other important matters.
World-Class Support
The vendor offers users robust support, with friendly support accountants on standby to answer any query or guide clients through any process.



Bearing in mind businesses have particular business-related demands, it is sensible they abstain from preferring an all-in-one, ”best” business program. Just the same, it would be almost impossible to try to pinpoint such a software solution even among popular software products. The best step to do is to jot down the varied vital factors which call for a deliberation like critical features, pricing, skill capability of the employees, business size, etc. After which, you must double down on the research through and through. Have a look at some of these FreeAgent evaluations and explore the other software systems in your shortlist in detail. Such detailed product research guarantees you weed out mismatched apps and pay for the one which offers all the function your business requires for optimal results.
Position of FreeAgent in our main categories:
FreeAgent is one of the top 10 Accounting Software products
FreeAgent is one of the 10 Online Accounting Software products
FreeAgent is one of the top 10 Tax Software products
Organizations have diverse needs and requirements and no software platform can be perfect in such a condition. It is futile to try to find an ideal off-the-shelf software system that fulfills all your business needs. The intelligent thing to do would be to adapt the application for your specific needs, employee skill levels, finances, and other elements. For these reasons, do not hurry and subscribe to well-publicized leading solutions. Though these may be widely used, they may not be the ideal fit for your particular wants. Do your homework, investigate each short-listed system in detail, read a few FreeAgent Accounting Software reviews, call the vendor for explanations, and finally choose the product that provides what you want.
FreeAgent Pricing Plans:
$10/mo for 6 months
FreeAgent Pricing Plans:
Free Trial
Universal Plan
$10/mo for 6 months
FreeAgent offers a single universal plan:
Universal Plan – $10/mo for 6 months, then just $20/mo
We are aware that when you choose to buy a Accounting Software it’s vital not only to learn how professionals rank it in their reviews, but also to find out whether the real clients and enterprises that use it are actually content with the service. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and FreeAgent reviews across a broad range of social media sites. The information is then featured in a simple to digest form indicating how many customers had positive and negative experience with FreeAgent. With that information at your disposal you should be prepared to make an informed purchasing decision that you won’t regret.
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FreeAgent average rating:
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ADD A REVIEWThe most favorable review
PROS: FreeAgent simplifies management, extremely helpful if you have multiple accounts.
CONS: An overall annual report on expenses, cash flow and taxes would be great.
The least favorable review
PROS: Freeagent is great for small businesses because provides with great book keeping solution. The interface is intuitive and clear. I love the ability to add expenses via mobile app so the users can input expenses in real-time.
CONS: I think the product is made for UK audience, because there are many things that are not clear for the US audience. They need to implement more functions. They need to improve their integration with other smaller banks. I need to manually download and then upload bank statements so I can categorize them, it’s time-wasting.
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Recording expenses made simple
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PROS: A big factor that made me appreciate FreeAgent is its customer service providers. While the interface is already easy to use, there are still times I'm faced with some complications and I turn to FreeAgent's customer support every time. They are very helpful and great in simplifying technicalities. Plus, they take the extra time to hear you out. One time, I shared my insights on how FreeAgent can improve and suit my needs better and next thing I know these were the exact new features on the platform.
CONS: It took some time to connect with my bank accounts. It's relatively much costlier but that's understandable with the user-friendly features it provides.
One-stop-shop for small enterprises’ accounting needs
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PROS: FreeAgent is a must-have for small businesses and even independent business owners or service providers as it puts you in control of your business's performance, from tracking cashflow to expenses.
CONS: There is a lot of room for improvement to make it user-friendly.
Keeps small businesses happy!
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PROS: I like that FreeAgent is rich with critical management functions such as billing, invoicing, bookkeeping of expenses, verification, and daily time recording. This is the perfect app for small businesses like us. We can focus on enhancing our products and services rather and leave much of the management and monitoring work on this platform.
CONS: It's not friendly for beginners so it would need to provide an intensive guide for a few days in the early phase of using it, especially that activating many of its functions are different compared to many others I have used. In all, I won't recommend the free version
Excellent software
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PROS: FreeAgent simplifies management, extremely helpful if you have multiple accounts.
CONS: An overall annual report on expenses, cash flow and taxes would be great.
Perfect for independent businesses
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PROS: As a freelancer, filing taxes used to be an onerous task. I'm very grateful to have stumbled upon FreeAgent so now I don't have to worry come tax season. Payment methods are also very easy as FreeAgent integrates with several third-party payment facilities.
CONS: I feel that the design is a bit outdated.
Great solution for bookkeeping
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PROS: Freeagent is great for small businesses because provides with great book keeping solution. The interface is intuitive and clear. I love the ability to add expenses via mobile app so the users can input expenses in real-time.
CONS: I think the product is made for UK audience, because there are many things that are not clear for the US audience. They need to implement more functions. They need to improve their integration with other smaller banks. I need to manually download and then upload bank statements so I can categorize them, it’s time-wasting.
Straightforward
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PROS: Our accounting and billing operations have been dependent on FreeAgent for as long as I could remember. Its interface is user-friendly, it automated invoice sending which is great to remind delayed payers.
CONS: Our accountants report having issues with the system as our company bank account would disconnect from time to time. But we can reconnect immediately thanks to customer care.
Puts me on top of my business
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PROS: FreeAgent helped me run my business smoothly. Transactions are very easy to handle even as you apply multiple accounts into the system as it integrated with them in just one day.
CONS: I haven't found anything to dislike about FreeAgent but would definitely be thrilled if it could work on payrolls on a weekly basis.
Everything is easier with FreeAgent
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PROS: As freelance consultat I had to pay for business expenses out of my pocket and then getting reimbursed by the company, but now with FreeAgent everything is simple and straightforward.
CONS: I had some difficulties when learning different categories for expeses but once I learned it everything became easier.
Great tool for every small business
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PROS: Freeagent is very intuitive and easy to operate. Their support team is great and really helpful, also its in-app help is very good. I love the integration with Dropbox. I can use it even from my mobile device. These all are part of 3rd party services.
CONS: As your company grows you will find some limitations from Freeagent software. If I want to prepare tax I need to do it by an accountant on the back end. Also, the software doesn’t provides you with other CRM tools and sales forecasting. When I want to pull in new user to freeagent I need to manage pipeline in separate app first.
Book-keeping made simple
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PROS: I like working with FreeAgent because it provides great book-keeping options. The UI is clear and intuitive. It allows me to add expenses through mobile app and users can input expenses whenever they want.
CONS: They have made the product for UK audience there are some things that are not clear for US audience. It would be great if they could implement more functions and to improve the integration with other banks. In addition, I don’t like that I have to download manually and then upload bank statement again so I can categorize them.
Time saving and invoice tracking solution
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PROS: What I like most about this tool is the fact that it provides me with real time tax information and bank account integration. It provides complete visibility of the income and expenses and it shows me my profit position in real time. With it I can get things done through smartphone, tablet or laptop, I can send invoices and check my balance on the go.
CONS: They could add more app integrations.
FreeAgent is great accounting system
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PROS: With FreeAgent I get updated view on the current tax position. Also, i like that I can create and send invoices easily based on the templates. I have to say that everything is simple and straightforward with FreeAgent especially when it comes to accounting and invoices.
CONS: It doesn’t allow me to create bill in foreign currency or to add multiple contacts per company.
Great tool for every small business
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PROS: I like how intuitive FreeAgent is, you can easily operate it and you can always ask for guidence. Its support team is highly helpful and knowledgeable. There is strong integration with DropBox. The other good thing is that I can use it from mobile device.
CONS: As our company grows we can experience some limitations from FreeAgent. I don’t like that for preparing tax to do it by accountant on the back end. Also, there are no other CRM tools and sales forcasting. Additionally, If I want to pull in new user to the system I have to manage the pipeline in separate app first and then do the rest.
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Recording expenses made simple
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
One-stop-shop for small enterprises’ accounting needs
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
Keeps small businesses happy!
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
Excellent software
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
Perfect for independent businesses
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
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