Published by FreshBooks
Last updated: 2022-09-14
Freshbooks Software started initially as an invoicing aid but has evolved to become one the most popular accounting software used by sole proprietors and freelancers. This software as a Service (SAAS) is also heavily relied on by small and medium scale enterprises (SMEs).
This service has seen many changes over the years, some have seen the exclusion of some Freshbooks "classic" features although some of these features have been reintegrated back into the service.
Freshbooks adheres to the standards of the double-entry method of accounting which remains the most widely used. This wasn't always the case as Freshbooks made use of other accounting methods but now adheres to the accounting methods used by accountants and other accounting services.
The service offers users a variety of tools to create invoices, track time, and receive payments. These accounts are kept following a strong structure, solid framework that gives users more detailed accounting information and insight into their business finances. Freshbooks also offers tools and resources like a Chart of Accounts and General Ledger in addition to two new accounts; Cost Of Goods Sold (COGS) and Other Income. Other tools available are bank reconciliation and two standard financial reports; Trial Balance and Balance Sheet.
Another one of the Freshbooks Classic features that has been reintroduced is inventory tracking. In addition to this, the service lets users be designated as managers and there's the checkout link feature which lets clients make payments without invoices.
In 2020, two new tabs were added in Projects; Invoices and Expenses while certain enhancements were made to Invoices and towards improving the general workflow. Freshbooks has five charts and they are;
Yeah, new users are offered a 30-day free trial for any plan of the service they go for. You can leverage the 30-day free trial to access the full and unrestricted features the service has to offer.
Freshbooks provides a double-entry experience that is automatic, well-rounded, and attractive while it also promotes invoices and estimates and so many other awesome accounting tools and resources. The service might be expensive but it provides good value for money as its easy-to-use features and its anticipation of the accounting needs of small businesses and freelancers makes it worth the cost.
This service does not require you to provide your credit card information to enjoy the benefits of the free trial. Freshbooks has three main paid packages and they are as follows;
Choosing the best plan for your business depends on the number of your clients and the size of your business operations. Although this service and all of its paid packages are designed mainly to cater to small and medium-sized businesses (SMBs).
These are the steps anyone can follow to get a 30-day free trial;
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