Yes, with the Lite plan, you can generate essential financial reports like income statements (Profit & Loss), balance sheets, and general ledger reports. Due to lack of internet not being reliable I cannot use a cloud based program. Do that, and you’ll build client loyalty and a sustainable accounting practice that will remain profitable for years to come. Listen to feedback from your existing clients and build a feedback loop into your workflow with clients to ensure it’s top of mind.

Project Management

However, keep in mind that the software is missing important features. That said, FreshBooks’ ease of use and amazing customer service put both Xero and QuickBooks Online to shame, which may make FreshBooks 100% worth it for your business. Take retained earnings balance sheet the free trial for a spin to see if the pros outweigh the cons for your business, or explore other options by taking a look at pics for the best accounting software. You can make monthly payments or purchase a yearly subscription, which will get you a 10% discount. No credit card or banking information is required, and you can cancel the service anytime. On the other hand, all of QuickBooks’ plans come with mileage tracking, which is ideal if, say, the contracted plumbers for your plumbing business spend a lot of time on the road.

• Using FreshBooks for automated billing and online payments saved me hours each week.
• Once you have confirmed, your account will be cancelled and you will no longer have access to it.
• Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
• FreshBooks is ideal for small businesses that want a basic, easy-to-use accounting solution and don’t need complex accounting features or multiple users.
• Such credentials are personal to you and you may not share them with any other person.
• If you use Gusto for payroll, you can easily integrate it with FreshBooks.
• Xero even allows you to cancel within a month, not locking you into a long-term contract if you decide it isn’t for you after a few months.

Customer support is great

WePay is an online payment service that allows you to accept credit card payments and bank transfers. You can use WePay to accept payments for goods and services, or to collect donations for a charity or cause. WePay is a subsidiary of JPMorgan Chase.To use WePay, you’ll need to create a WePay account and link it to your bank account. You can do this by providing your bank account information when you sign up for WePay, or by adding your bank account to your WePay account later. Once your bank account is linked, you can start accepting payments.WePay charges a fee for each transaction, but there are no monthly or annual fees.

FreshBooks Review 2025

The quality of your overall client experience helps your firm stand out from the competition, deepens your client bonds, and builds loyalty. Stellar support and very easy to get in touch with support. See what kind of resources are available to freshbooks help you save time and solve problems on your own. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. I was treated professionally and the person i spoke with was very informative and made the process seamless. Answered many questions after explaining how to migrate my company.

• This platform makes it easy to create professional invoices in seconds, track and bill expenses, send automatic reminders, produce various reports and much more.
• Though my accountant uses Xero, I keep my personal records through Freshbooks.
• You further waive any moral rights or other rights of authorship as a condition of submitting any User Content.
• That number jumps to 50 billable clients with the Plus plan and then an unlimited number for the Premium plan.
• The website also features an FAQ section and a library of helpful videos on their YouTube channel, making it simple to find answers on your own.

Invoices & Estimates

• If you do not agree to be bound by these Terms or any other applicable terms and conditions in their entirety, you may not use the Services.
• You can set up a gateway for clients and customers to make payments using FreshBooks’ own payment function.
• All this data is at your fingertips so that you can share it with your accountant.
• Users also seem to love the Freshbooks mobile app for iOS and Android that supports work on the go.
• FreshBooks also supports collaboration tools like Slack and G Suite, enabling efficient communication and file sharing with your team or clients.

But they’ve recently integrated a new 2-factor authentication every time you log in, and you CAN’T turn it off. I don’t want to have to check my email for a security code every GD time I want to log into my account to create a simple invoice for my home business. Until they make it an option for people to turn off this feature if they don’t want it, I will not return to FreshBooks. If you’re tracking and invoicing needs are simple -freshbooks is totally fine.

What happens when you have a question in the middle of the night—or before business hours? A high-quality cloud accounting solution will have a robust online FAQ section that strives to answer Food Truck Accounting all questions so customers can serve themselves. FreshBooks excels in many areas of accounting software, but it can’t compete with QuickBooks in terms of features. When it comes to FreshBooks versus QuickBooks, FreshBooks is a bit cheaper, but you also don’t get the full array of services that QuickBooks offers.