What is FreshBooks? - A Comprehensive Guide

Posted by Linda on January 21st, 2020

What is FreshBooks? — A CompFreshBooks is mainly an invoicing software that contains few bookkeeping tools. This solution has been designed by Mike McDerment in 2003. After 14 years, FreshBooks had been completely re-designed and launched as “New FreshBooks”. FreshBooks consists of double-entry accounting methods and exciting features such as journal entries, bank reconciliation, and reporting. These features help in saving time and efforts of FreshBooks users. This software helps many industries like business consulting, trade and home services, marketing, legal services, and information technology by managing their tasks. In this blog, we will discuss what is Freshbooks.

Let’s check out the benefits of using FreshBooks to get a better understanding of this solution.

Benefits of using FreshBooks

Listed below are the benefits of working on FreshBooks in order to manage expenses, invoices, reporting, etc.

• Size of business:

The latest addition of FreshBooks is “Double-entry accounting” which makes it more attractive and useful among the users. This accounting solution will be perfect for micro-businesses, small businesses, and freelancers. So, if your business has the requirement of tracking expenses, invoicing and managing projects, then you can go with FreshBooks undoubtedly.

• Ease of Use:

You will not find difficult to use and set up FreshBooks. The interface of FreshBooks is very simple and user-friendly. If you have little knowledge about bookkeeping, then you will be able to use FreshBooks. In case, you face issues while setting up or using FreshBooks, then don’t worry. It will provide you customer support to resolve your queries.

• Software and Hardware Needs:

FreshBooks is a cloud-based accounting solution. So, it will compatible with any device only if you have the proper internet connection. FreshBooks also provides a mobile app for iOS known as FreshBooks Cloud Accounting.

• Inventory & Expenses Tracking:

FreshBooks includes a basic process of tracking inventory. When you add the sold items into the invoice, the inventory amount will automatically deduct in the software. Also, the main purpose of FreshBooks is “Collection of Payments”. For this, you will get the features in FreshBooks like sales tax management, receipt tracking, and project time tracking.

Features of FreshBooks

The following is a list of features of FreshBooks that can be availed after purchasing this accounting solution:

• In FreshBooks, users can avail the feature of the dashboard where they can see the required financial information about the business at any time.
• FreshBooks provides two basic customized invoice templates. By using them, you will be able to change the font, colors, logo or the header.
• Through FreshBooks, it becomes easy to send estimates and make duplicate estimates. You can also view your status of estimates in FreshBooks.
• You will also get “Client Portal” in FreshBooks that is very beneficial for your customers. With the help of this feature, they can save, print, pay or write invoices or messages.

Now, you may need to know the price of FreshBooks” that had been discussed below.

Pricing of FreshBooks

FreshBooks includes three plans:

Lite — /month.

Plus — /month.

Premium — /month.

All the aforementioned plans consist of the basic features of accounting like payment processing, invoicing and time tracking.

Additionally, FreshBooks also offers FreshBooks Select that includes 500+ users or more than 0,000 billings/year.

To Conclude

The above article describes “What is FreshBooks” along with its features, benefits, and the price of this accounting solution. If you are still in search of more information about FreshBooks or want to know more about the same, then you can call our experts at Support Phone Number 1–877–263–2742. We will help you by providing the required information about FreshBooks.

Reference Source: https://medium.com/@johntrump524/what-is-freshbooks-a-comprehensive-guide-4c6973f668d