Logo of FreeAgent

FreeAgent REVIEW

Accounting Software

7 user reviews
USER SATISFACTION 93%
OUR SCORE 9.5

What is FreeAgent?

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.

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. 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.

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 Android devices
  • Multi-language support
  • Save or email invoices as PDF
  • Give your accountant access
  • Support
  • Easy invoicing
  • Expense management

What Problems Will FreeAgent Solve?

FreeAgent 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.

Awards & Quality Certificates

FreeAgent Position In Our Categories

Position of FreeAgent in our main categories:

5

FreeAgent is one of the top 5 Accounting Software products

5

FreeAgent is one of the 5 Online Accounting Software products

5

FreeAgent is one of the top 5 Tax Software products

5

FreeAgent is one of the 5
Accounting Software products

5

FreeAgent is one of the 5
Online Accounting Software products

5

FreeAgent is one of the 5
Tax Software products


FreeAgent is also listed in the following subcategories:

Category:Position:Category:Position:
Accounting Software#4 Accounts Payable Software#4
Accounts Receivable Software#4 Billing and Invoicing Software#4
Budgeting Software#3 Expenses Management Software#3
Financial Reporting Software#4
Category:Position:
Accounting Software#4
Accounts Payable Software#4
Accounts Receivable Software#4
Billing and Invoicing Software#4
Budgeting Software#3
Expenses Management Software#3
Financial Reporting Software#4

Each enterprise has different wants and needs an application that can be personalized for their size, type of staff members and buyers, and the specific industry they are in. For these reasons, no platform can proffer perfect functionality off-the-shelf. When you look for a software system, first be sure what you require it for. Read some FreeAgent reviews and ask yourself do you need basic functionality or do you require advanced functionality? Are there any industry-specific functionalities that you are searching for? Get the answers to these queries to aid your search. There are multiple elements that you need to reflect on and these include your finances, particular business wants, your organization size, integration needs etc. Take your time, use a few free trials, and finally zero in on the platform that offers all that you require to enhance your company effectiveness and productivity.

How Much Does FreeAgent Cost?

FreeAgent Pricing Plans:

FreeAgent offers a single universal plan:

Universal Plan – $10/mo for 6 months, then just $20/mo

  • Start with 30 days free
  • Multi-currency invoicing & sales tax reporting
  • Unlimited everything
  • No contract or setup fees
  • Award-winning support
  • Save even more (pay upfront and get your first 12 months for the cost of 5! From then on, you’ll get 12 months for the cost of 10).

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
  • Mac
  • Web-based
Language Support
  • English
Pricing Model
  • Monthly payment
Customer Types
  • Small Business
  • Medium Business
  • Freelancers
Deployment
  • Cloud Hosted

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE
  • LIVE SUPPORT
  • TRAINING
  • TICKETS

FreeAgent User Reviews


Ida 4 months ago
Verified
user



Hubert 5 months ago
Verified
user



Emily 6 months ago
Verified
user


What are FreeAgent pricing details?

FreeAgent Pricing Plans:

FreeAgent offers a single universal plan:

Universal Plan – $10/mo for 6 months, then just $20/mo

  • Start with 30 days free
  • Multi-currency invoicing & sales tax reporting
  • Unlimited everything
  • No contract or setup fees
  • Award-winning support
  • Save even more (pay upfront and get your first 12 months for the cost of 5! From then on, you’ll get 12 months for the cost of 10).

What integrations are available for FreeAgent?

Freeagent integrates with the following business systems and applications:

  • Receipt Bank
  • Rydoo
  • Kagazz
  • PayPal
  • Stripe
  • Sellwire
  • Tide
  • Revolut
  • Satago
  • Senddr
  • DebtCase
  • Capsule
  • Contactzilla
  • Basecamp
  • Planscope
  • Cushion
  • Fractal
  • Float
  • Timestamp
  • Forecast
  • MobileAgent
  • Zapier
  • Cyclr
  • DoubleAgent
  • Check Business
  • Barclays Data Services
  • Expiration Reminder

User reviews


User reviews in total: 7

3
2
2
0
0

Average Rating:

Write your own review of this product

Add a review

The most favorable review

Emily

6 months ago


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.

The least favorable review

Ida

4 months ago


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.

Published 4 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...



What do you think about this review? Great Poor
Published 5 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 6 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...



What do you think about this review? Great Poor
Published 6 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 6 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 7 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 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...



What do you think about this review? Great Poor

Thank you for submitting your review!

In order to ensure high-quality of our reviews we'll have to verify your email address. Please insert your email address below.

Thank you!

A verification email has been sent to the address you provided. Please click on the link in that email to finalize your review submission.

Page last modified

Share
Tweet
+1
Share