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.
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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.
