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9.2

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FreeAgent

FreeAgent

Effortless accounting for small businesses.

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What is FreeAgent?

FreeAgent is an easy accounting software program that helps small teams and individuals do their work better. With its task-based interface, real time data and financial projection dashboard, automation features, cryptocurrency support, and browser and mobile app versions it looks like nothing else out there.

Pricing

  • Free Trial available

Customer Type

  • Freelancers

  • Small Business

Platform Type

  • SaaS/Web/Cloud

  • Mobile - Android

  • Mobile - iOS

FreeAgent software demo

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FreeAgent was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.

FreeAgent is best suited for

  • employee count

    Employee count: 1 to 50 employees

  • industries

    Industries: Consulting, Freelance Services, Creative Agencies, and Small Business sectors

  • Job titles

    Job Titles: Freelancers, Small Business Owners, Accountants, and Financial Managers

Benefits of using FreeAgent

  • Streamlined Financial Management: FreeAgent simplifies accounting for teams of all sizes, allowing managers and administrators to effortlessly track income, expenses, and cash flow in real-time. You'll appreciate the clarity it brings to your financial landscape.

  • User-Friendly Interface: Designed with usability in mind, FreeAgent offers an intuitive interface that enables users at all levels to navigate easily. Executives will find that this reduces training time and enhances productivity across the board.

  • Robust Reporting Tools: With FreeAgent’s comprehensive reporting features, you can generate detailed insights at the click of a button. This empowers decision-makers to make informed choices based on accurate data, fostering strategic growth.

Explanation of FreeAgent Key Features

  • Accounts Payable

    FreeAgent's Accounts Payable feature simplifies the management of outgoing payments to vendors and suppliers. It allows users to track bills, set payment due dates, and manage cash flow effectively. By automating reminders for upcoming payments, FreeAgent helps businesses avoid late fees and maintain strong supplier relationships. This feature directly addresses the challenge of managing multiple invoices and payment schedules, ensuring that financial obligations are met on time.

  • Accounts Receivable

    The Accounts Receivable feature in FreeAgent enables businesses to track money owed by customers efficiently. Users can generate and send invoices, monitor payment statuses, and automate follow-up reminders for overdue accounts. This feature streamlines the collections process, helping to improve cash flow and reduce days sales outstanding (DSO). By providing clear visibility into outstanding invoices, it addresses the common challenge of delayed customer payments.

  • Bank Reconciliation

    With FreeAgent's Bank Reconciliation feature, users can easily compare their bank statements with recorded transactions in the system. This process helps identify discrepancies and ensures that all financial records are accurate and up-to-date. By simplifying the reconciliation process, FreeAgent addresses the challenge of maintaining financial integrity and provides peace of mind that balances are correctly reflected in the accounts.

  • Billing and Invoicing

    The Billing and Invoicing feature allows users to create professional-looking invoices quickly and customize them according to their branding. Users can also set recurring billing for ongoing services or subscriptions. This functionality not only saves time but also enhances the professionalism of communications with clients. By streamlining billing processes, this feature tackles the common issue of inefficient invoicing practices that can lead to payment delays.

  • Cash Management

    FreeAgent’s Cash Management feature provides real-time insights into cash flow, enabling businesses to make informed financial decisions. Users can track incoming and outgoing cash, forecast future cash needs, and manage liquidity effectively. This feature directly addresses the challenge of maintaining adequate cash reserves to support operations and investments.

  • Collections

    The Collections feature in FreeAgent aids businesses in managing overdue accounts more effectively. It provides tools for tracking outstanding invoices, setting up automated reminders for customers, and generating reports on collections performance. By facilitating timely follow-ups on overdue payments, this feature helps organizations reduce bad debt and enhance recovery rates.

  • CPA Firms

    FreeAgent offers specialized features tailored for CPA firms, enabling them to manage multiple clients efficiently from a single platform. Accountants can access client financial data seamlessly, generate reports, and collaborate with clients in real time. This targeted functionality addresses the challenge of juggling various client accounts while ensuring accuracy in reporting and compliance.

  • Expense Tracking

    The Expense Tracking feature allows users to record and categorize expenses effortlessly. Users can upload receipts via mobile devices or desktop applications, ensuring that all expenditures are documented accurately. This capability addresses the common issue of expense mismanagement by providing visibility into spending patterns, which aids in budgeting and financial planning.

  • Fixed Asset Management

    FreeAgent’s Fixed Asset Management feature helps businesses track their physical assets throughout their lifecycle. Users can record asset purchases, calculate depreciation, and generate reports on asset value over time. By keeping detailed records of fixed assets, this feature addresses the challenge of asset mismanagement and ensures compliance with accounting standards.

  • General Ledger

    The General Ledger feature serves as the backbone of FreeAgent’s accounting system by consolidating all financial transactions into a single repository. It provides a comprehensive view of a company’s financial health through accurate record-keeping. This centralized approach simplifies reporting and auditing processes while addressing challenges related to fragmented financial data.

  • Multi-Currency

    FreeAgent's Multi-Currency feature enables businesses to conduct transactions in various currencies effortlessly. It automatically updates exchange rates for accurate conversions during invoicing or expense reporting. This functionality addresses the challenge faced by companies operating in global markets by facilitating smooth international transactions without manual calculations.

  • Payroll

    The Payroll feature automates employee compensation processes by calculating wages, taxes, and deductions based on predefined criteria. Users can manage payroll schedules, handle direct deposits, and generate payslips easily. By streamlining payroll management, this feature addresses the complexities often associated with payroll processing while ensuring compliance with labor laws.

  • Project Accounting

    With Project Accounting capabilities

FreeAgent Pricing

Claim a Free Trial

Free Trial

  • Yes, It's available

Pricing Model

  • Free trial

  • Paid Plans (Subscription )

Claim a Free Trial

Screenshots of the FreeAgent Pricing Page

Disclaimer: Pricing information for FreeAgent is provided by the software vendor or sourced from publicly accessible materials. Final cost negotiations and purchasing must be handled directly with the seller. For the latest information on pricing, visit website. Pricing information was last updated on .

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Why users might consider alternative to FreeAgent?

  • Users may seek alternatives to FreeAgent if they require more advanced project management features, as some alternatives offer integrated tools for task tracking, team collaboration, and resource allocation that enhance workflow efficiency.

  • Businesses operating in specific industries might consider alternatives that offer tailored solutions, such as specialized invoicing or reporting features that better meet their unique accounting and compliance needs.

  • Some users may find FreeAgent’s pricing structure less favorable compared to competitors, particularly if they are looking for more cost-effective options or tiered pricing that aligns with their business size and growth stage.

  • Those who prioritize user interface and experience might explore alternatives that provide a more intuitive design, making it easier for teams to navigate and utilize the software effectively without extensive training.

  • Companies needing multi-currency support or robust integrations with other business tools might look for alternatives that offer these functionalities, ensuring seamless operations across various platforms and financial environments.

FreeAgent Reviews & Ratings

4.4

Very Good

Based on 203 ratings & 51 reviews

Rating Distribution

Excellent

(40)

Very Good

(5)

Good

(5)

Poor

(0)

Terible

(1)

Expert's Review

FreeAgent consistently impresses as a robust and user-friendly accounting solution tailored for small businesses, freelancers, and consultants. Its standout feature is its intuitive design, allowing non-accountants to easily manage bookkeeping, invoicing, and tax preparation. The software's ability to integrate with bank accounts and automate reminders for ...Read more

FreeAgent pros and cons

  • Highly intuitive and easy-to-use interface, suitable for non-accountants and small business owners.

  • Comprehensive solution for invoicing, taxation, expense management, and bookkeeping in one platform.

  • Seamlessly integrates with bank accounts for real-time financial tracking and tax preparation.

  • Feature-rich, including project management, time tracking, recurring invoicing, and client reminders.

  • Limited scope for medium to large businesses; struggles to scale for growing enterprises.

  • Not beginner-friendly without guidance; requires some learning curve due to numerous features.

User Review

JF

Jillian F

12/07/22

4.5 out of 5

"Simple to use and Free for RBS Clients"

What do you like best about FreeAgent? Love the ease of use, simple to learn and has most of the great features such as Quick Books, Xero, Sage. FREE ...

Read more

JF

Jillian F

12/07/22

4.5 out of 5

"Simple to use and Free for RBS Clients"

What do you like best about FreeAgent? Love the ease of use, simple to learn and has most of the great features such as Quick Books, Xero, Sage. FREE ...

Read more

SC

Sam C

11/15/22

5 out of 5

"Essential tool for small businesses"

What do you like best about FreeAgent? Very intuitive and helpful features that mean it is possible for small companies to complete most accounting ...

Read more

SD

Stuart D

11/08/22

5 out of 5

"The Best Accounting Software... Ever!"

What do you like best about FreeAgent? I've used Xero and QuickBooks, but FreeAgent is superior, especially for freelancers/consultants. It just makes ...

Read more

FreeAgent Integrations

FreeAgent Support

Customer Service

Business Hours

Online

Location

Edinburgh, Scotlan

Frequently Asked Questions (FAQs)

Stuck on something? We're here to help with all the questions and answers in one place.

FreeAgent is a Accounting Software. FreeAgent offers Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing and Invoicing, Cash Management and many more functionalities.

Some top alternatives to FreeAgent includes Quickbooks, Xero, Freshbooks, Sage Accounting (Sage One) and Sage 50cloud Accounting.

Yes, FreeAgent provides API.

Yes, FreeAgent provides a mobile app.

FreeAgent is located in Edinburgh, Scotlan

FreeAgent offers Free Trial, Subscription pricing models

Yes, FreeAgent can integrate with Basecamp

The starting price is not disclosed by FreeAgent. You can visit FreeAgent pricing page to get the latest pricing.

This software is researched and edited by

Rajat Gupta is the founder of Spotsaas, where he reviews and compares software tools that help businesses work smarter. Over the past two years, he has analyzed thousands of products across CRM, HR, AI, and finance — combining real-world research with a strong foundation in commerce and the CFA program. He's especially curious about AI, automation, and the future of work tech. Outside of SpotSaaS, you'll find him on a badminton court or tracking the stock market.