The most critical accounting need for most service businesses is billing. FreshBooks offers more customizations for invoicing compared to other accounting software. Its main function is to send, receive, print and pay invoices, but it can also support a company’s basic accounting needs. This accounting software makes it easier for service companies to send proposals and invoices, request deposits, collect customer deposits, track time spent on projects, and receive payments.
Founded in 2003 in Toronto, FreshBooks started out as simple invoicing software. Over time, new features were added and FreshBooks now has over 500 employees. There are four different plans, and businesses can get a 10% discount if they choose to pay annually rather than monthly. Additionally, FreshBooks is offering a 60% discount per month for six months. The four plans are: Lite at $6 per month, Plus at $10 per month, Premium at $20 per month, and Select, which is a custom service with custom pricing.
The main difference between the four plans is the number of different customers allowed to be billed per month. In the Lite plan, up to five customers can be billed per month. In the Plus plan, up to 50 customers can be billed per month. In the Premium plan, unlimited customers can be billed per month. The Select plan also has no limit on the number of customers that can be billed per month, but adds some unique features. It costs an additional $10 per month for multiple team members to use the accounting software and it costs an additional $20 per month for the advanced payment feature, which allows users to charge a credit card by real time or set up a recurring credit card charge. for a customer.
Many third-party app integrations are available, such as Shopify, Gusto, Stripe, G Suite, etc. A unique feature of FreshBooks is that invoices can be highly styled and customized for a professional look. FreshBooks is a great tool for budgeting projects, sending estimates or proposals, and collecting payments from clients.