FreshBooks is an online invoicing plus accounting software for independent contractors, small business owners, and their teams. Even non-technical, non-accounting people will find it simple to use. Online payment recognition, time tracking, collaboration, automation, and other features give users current tools and workflow that save time, encourage accuracy, and improve efficiency in their day-to-day operations. In addition, it is readily accessible as a cloud solution yet safe enough for sync and integration with banks, credit card providers, payment centres, and other clouds programs.
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Features, Benefits, Product Strengths:
Invoicing, Payments, and Accounting: FreshBooks includes user-friendly invoicing capabilities. Professional-looking invoices are simple to make and personalise. Also, a thank you! Email can be personalised by having a user's logo. It takes credit cards and ACH payments online. Other capabilities include automated reminders and credit card charges for clients, the ability to request a deposit on an invoice, the ability to add tracked time and expenses to an invoice, the ability to give discounts, the ability to compute taxes automatically, and more. Payments performed online are automatically credited to the user's account. There are more payment choices available to the client with no hidden fees. Receiving credit card fees online, in person, or over the phone is as simple as setting up the online price with one click. Scheduling, worldwide currencies with Stripe, auto-generated collected payment reports, and more are among the other payment capabilities. For precise profit and loss calculations, double-entry accounting features identify revenue items and accompanying expenses.
Expenses, Time Tracking, and Reporting: The cloud invoicing and accounting software allow users to link their bank account either a credit card or an electronic entry, ensuring that the firm is constantly updated with the numerous recent expenses. They can take a photo of a letter, login, and revise and arrange the data in the system. Multi-currency costs, automatic categorisation, tax-friendly categories, periodic expense assignment, and more are all included. Time monitoring helps you to see how much time you spend on work at a glance. It has a start-stop timer that enters time onto an invoice automatically. Users can also utilise the Chrome browser extension or other tools like Asana, Basecamp, Trello, and Teamwork to log time. Team time tracking, time against a specific customer, particular time input notes, weekly and monthly displays of monitored time, and more are among the other capabilities. The informative dashboards provide crucial financial statistics such as profit and loss, making tax time a breeze. Colour-coded spending breakdowns, a summary of recent activity, a sales tax summary report, account ageing, and more are among the features.
FreshBooks is excellent for small business owners and their staff, with features such as projects, estimates, mobile, and more. Contractors, employees, and business partners can be invited to manage projects, and file access permissions can be specified. Simple collaboration capabilities are incorporated to make getting feedback from others as simple as possible. Chat tool, project due dates, project status summary, team project and deliverables management, and others are among the features. Custom estimates may be turned into invoices in a matter of minutes. It also comes with customisable Proposals, client estimate approval for project launch, estimate status tracking, estimate preview, discount addition, and more. For iOS and Android devices, there are mobile apps for producing invoices on the go, recording receipts for expenditure logging, chatting, getting progress updates, and more. Gusto Payroll, profit and loss reporting, Dropbox connectivity, and same-day deposits are just a few of the new features and integrations recently added.
Why FreshBooks?
FreshBooks was created with self-employed professionals and service-based business owners in mind who don't have time to study or re-learn accounting in mind. Its ease of use and feature set is designed to allow users to focus on their business while reducing the time they spend dealing with their accounting systems. Accounts payable, double-entry accounting, and general ledger procedures are now all handled by it.
