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Like other accounting software we reviewed, FreshBooks is 100 percent cloud-based, so there isn’t any desktop software to install. However, this also means an internet connection is necessary to use the software. We were impressed by FreshBooks’ project management tools, which allow you to manage projects and base your billing on an hourly or flat rate. A time budget shows how much time remains on a project, how much of your tracked time is unbilled and how many days are left until the project’s due date.

It can accept payment via debit cards, credit cards, bank transfers, Stripe and PayPal. With FreshBooks, users can embed checkouts in websites, social media and apps. The Advanced Payments feature also allows companies freshbooks to accept credit card payments in person and over the phone. Those interested in a full trial can get access to a 30-day free option. The monthly subscription for this software can be upgraded as a business grows.

Why 30+ Million People Have Used FreshBooks

Shift4Shop does not endorse or guarantee the work or performance of any individual partner. Should you choose to work with any third party vendor, your business relationship is between you and the third part vendor. Freelancers, independent contractors and small businesses with no more than a handful of employees are the best candidates for FreshBooks. Payment processing may take one to three days, depending on the financial institution, and FreshBooks will not deposit on weekends or holidays.

FreshBooks connects with over 14,000 different financial institutions, including Bank of America, Chase, Citibank, PayPal, and Wells Fargo. Linking your bank account is as simple as clicking the Settings icon and selecting Bank Connections. We like that FreshBooks displays your total outstanding and overdue in a clear and eye-catching way on the Bills dashboard. Most people using FreshBooks are not accountants, so avoiding jargon and concisely presenting information is vital.

FreshBooks pricing and plans

It has four plans available, ranging from the Lite plan, which is perfect for sole proprietors, and startups, to the Select plan, which is better suited for larger businesses with more clients. If your company plans to remain relatively small, it’s hard to beat the simple, comprehensive package of features the software has to offer. Overall, Freshbooks is a smart, affordable choice for small business owners new to accounting. FreshBooks, starting at $17 per month, is more affordable than QuickBooks Online, which begins at $30 per month. FreshBooks only permits one user, charging an extra $11 per month for each additional team member. FreshBooks is well-suited for solopreneurs and microbusinesses of two to five employees, whereas QuickBooks’ more advanced features best serve small to mid-market companies with 50 to 200 employees.