Price

$20

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FreeAgent REVIEW

Accounting Software

7 user reviews
USER SATISFACTION 93%
OUR SCORE 8.5

What is FreeAgent?

FreeAgent is a system whose story began almost a decade ago, when a team of Edinburg designers decided to create a small biz financial management app, and laid down the basics of one of today’s simplest and most intuitive accounting systems. Among other things, FreeAgent is preferred for its neat interface, where paying and receiving payments can be conducted even by non-accountants and first-time users. Moreover, FreeAgent is able to perform some basic time tracking and project management, which will eliminate the need to purchase additional software.

Currently, FreeAgent is used by more than 35,000 small businesses and freelance accountants in over 80 countries, 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.

Overview of FreeAgent Benefits

Defined 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.

But how does working with FreeAgent really look like? Moreover, why should you choose this system over its enterprise-grade competitors?

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.

Accurate contact management

Little tweaking will be enough to import your existing CSV database in this system, be it the one of your customers, partners, or Basecamp-managed projects. Optionally, you can choose to import those contacts yourself, and benefit from the system’s powerful customization to create beautiful and personalized records. All active financial information will be displayed on a vertical panel, from where you can extract an annual bill summary, or add related projects and set deadlines.

What is more, FreeAgent allows you to enter time slips, estimates, and expense mileage in the same panel, so that transactions will contain all details relevant to your operational framework. Once inserted, each project will receive its own page, where you can list and access all activities related to it.

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 Dwolla, 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. 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.

Atypical inventory tracking

Due the fact that FreeAgent is an international system, it barely stands in line with the inventory management mechanisms US businesses are used to. Alterations are indeed automated upon buying/selling products, but major bookkeeping operations are still conducted using reports and Journal entries. Checking your stock may add some burden on billing and invoicing, but our experts believe that on-dot control over the products’ description is critical for selling abroad.

Taxation management

LiveAgent 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.

Overview of FreeAgent Features

  • Send estimates as well as proposals
  • Beautiful invoice templates
  • Customize invoices
  • Send recurring Invoices
  • Automated bank feeds
  • Give profit and loss statements
  • Do time tracking
  • Expense tracking and management
  • Timesheet reporting
  • PayPal, Stripe, GoCardless Integrations
  • Customizable sales tax rates options
  • Multi-currency invoicing
  • Balance sheet
  • Tax timeline
  • Sales tax reports
  • Configure sales taxes
  • Mobile app for iPad and iPhone
  • Multi-language support
  • Save or email invoices as PDF
  • Give your accountant access
  • Support
  • Easy invoicing
  • Expense management

FreeAgent Position In Our Categories

Position of FreeAgent in our main categories:

100

FreeAgent is one of the top 100 Accounting Software products

20

FreeAgent is one of the top 20 Online Accounting Software products

20

FreeAgent is one of the top 20 Tax Software products

100

FreeAgent is one of the top 100
Accounting Software products

20

FreeAgent is one of the top 20
Online Accounting Software products

20

FreeAgent is one of the top 20
Tax Software products


FreeAgent is also listed in the following subcategories:

Category:Position:Category:Position:
Accounting Software#19 Accounts Payable Software#19
Accounts Receivable Software#20 Billing and Invoicing Software#31
Budgeting Software#11 Expenses Management Software#22
Financial Reporting Software#17
Category:Position:
Accounting Software#19
Accounts Payable Software#19
Accounts Receivable Software#20
Billing and Invoicing Software#31
Budgeting Software#11
Expenses Management Software#22
Financial Reporting Software#17

It is crucial to note that virtually no app in the Accounting & Finance Software category is going to be an ideal solution that can meet all the requirements of all company types, sizes and industries. It may be a good idea to read a few FreeAgent reviews first as specific services might dominate exclusively in a really small group of applications or be designed with a very specific industry in mind. Others might function with a goal of being easy and intuitive and consequently lack advanced elements needed by more experienced users. You can also find services that support a large group of customers and offer a complex feature base, but that usually comes at a more significant cost of such a solution. Be certain that you're aware of your needs so that you buy a solution that provides exactly the elements you look for.

How Much Does FreeAgent Cost?

FreeAgent Pricing Plans:

FreeAgent offers three basic types of price plans: Universal account, which can be used by anyone, but is generally used by businesses outside the United Kingdom; United Kingdom business plans; and United States plans. Both SMB and enterprise pricing plans start with a 30-days free trial.

  • Universal account – $20 per month
  • UK Sole Traders – £15 per month
  • UK Partnerships/LLPs – £20 per month
  • UK Limited Companies – £25 per month
  • US companies – US $24 per month

User Satisfaction

We realize that when you make a decision to buy Accounting Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and FreeAgent reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with FreeAgent. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

POSITIVE SOCIAL MENTIONS

184

NEGATIVE SOCIAL MENTIONS

13

Video

Technical details

Devices Supported
  • Windows
  • Linux
  • Android
  • iPhone/iPad
  • Mac
  • Web-based
Language Support
  • USA
  • UK
  • Canada
  • International
Pricing Model
  • Monthly payment
Customer Types
  • Small Business
  • Freelancers
Deployment
  • Cloud Hosted

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE NO.
  • LIVE SUPPORT
  • TRAINING

FreeAgent User Reviews


Hubert 4 months ago
Verified
user



Emily 5 months ago
Verified
user



Marc 7 months ago
Verified
user


What are FreeAgent pricing details?

FreeAgent Pricing Plans:

FreeAgent offers three basic types of price plans: Universal account, which can be used by anyone, but is generally used by businesses outside the United Kingdom; United Kingdom business plans; and United States plans. Both SMB and enterprise pricing plans start with a 30-days free trial.

  • Universal account – $20 per month
  • UK Sole Traders – £15 per month
  • UK Partnerships/LLPs – £20 per month
  • UK Limited Companies – £25 per month
  • US companies – US $24 per month

What integrations are available for FreeAgent?

Freeagent integrates with the following business systems and applications:

  • Expenses
  • Receipt Bank
  • Keebo
  • ExpenseMagic
  • Xpenditure
  • PayPal
  • Stripe
  • Sellwire
  • Senddr
  • Quote Roller
  • RightSignature
  • Spendgate
  • Capsule CRM
  • Contactzilla
  • Basecamp
  • Planscope
  • Smeebi
  • Geckoboard Apps
  • Budget Summary Chart
  • Float
  • Cartobi
  • Slips
  • Time Tracking Widget
  • Eon Time Tracker
  • Timestamp
  • MobileAgent
  • Zapier
  • SafeguardMy
  • Funding Options
  • Check Business
  • Google Apps
  • Barclays Data Services

User reviews


User reviews in total: 7

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The most favorable review

Edna

3 months ago


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.

The least favorable review

Hubert

4 months ago


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.

Published 3 months ago
Verified
user
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...



What do you think about this review? Great Poor
Published 3 months ago
Verified
user
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...



What do you think about this review? Great Poor
Published 4 months ago
Verified
user
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...



What do you think about this review? Great Poor
Published 5 months ago
Verified
user
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...



What do you think about this review? Great Poor
Published 7 months ago
Verified
user
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...



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Published 7 months ago
Verified
user
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...



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Published 8 months ago
Verified
user
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...



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