Freshbooks Financial Planning, Tracking And Management Software


FreshBooks is of the most popular invoicing and accounting platforms. It is ideal for freelancers, startups and small businesses looking for a simple accounting solution that is packed with features like invoicing, expense tracking, and project management. 

Overview of Freshbooks

FreshBooks has an intuitive dashboard that allows you to quickly view your key financial information. The dashboard uses graphs to show you your top figures such as Outstanding Revenue, Total Profit, Revenue Streams, Spending, and Unbilled Time.

FreshBooks offers customizable invoice templates. To brand the templates you can change the colours, font, and add your business logo.  Additionally, you can add terms and conditions to invoices.

The platform makes it easy to create and send estimates. Once created you can duplicate any estimate and then convert it to an invoice.

Many businesses want to be able to offer clients access to view their outstanding invoices, payments made etc. The client portal provided offers a great looking client portal your customers can view, save, print, or use to make a comment.

The contact management section allows you to maintain basic client information and update notes. You can also set a default currency and language and create default invoice reminders and late fees for each customer.

Expense tracking is made easy with FreshBooks. You have options to either enter expenses manually or import bank statements or connect to live bank feeds.

A great time-saving feature is that you can reconcile your bank accounts in FreshBooks.

The Project Management section allows you to create hourly or flat-rate projects and assign them to employees or clients. You can send messages, answer questions, and even add attachments and images with this tool. When a project is completed, FreshBooks makes it easy to create an invoice for each project.

Another useful feature is the ability to bill time. When you log into FreshBooks you can use the built-in timer. You can also easily review the logged time of your employees and contractors. Time can be added to projects and billed as an invoice.

FreshBooks offers a range of reports that provide you with all your key financial data and the ability to drill down into the finer details.

FreshBooks is also compatible with nearly 170 different currencies as well as fourteen different languages, making the software ideal for international business.

Key features of Freshbooks

  • Online Invoicing
    • Customizing your invoice
    • Tracking Invoice Views
    • 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
    • Know 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
    • Tracking against clients and projects
    • Detailed Time entry notes
    • Automated billing based on tracked hours per project
    • Project Managers
    • Track Unbilled Time
    • Different Rates for each Project
    • Generate Invoices
  • 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

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More Resources for Startups and New Ventures

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