FreshBooks: Is it worth a try?

FreshBooks: Is it worth a try?

Tracking your time, expenses long-term, invoices and email can sometimes be very challenging while also trying to manage a business. With this being said, in today’s article, we will be discussing FreshBooks, a cloud accounting software.

What exactly is FreshBooks?

FreshBooks is cloud accounting software specially designed for service providers, small businesses and freelancers. It can track your time, create invoices, track expenses, provide reports, design estimates, send follow up emails, and allows team members and clients to log in.

Below are its many features which users will acquire while using the software:

1. Create Professional Looking Invoices in Seconds: FreshBooks makes creating professional looking invoices for your business through the invoice generator, it’s simple to create and customize your invoice, add your logo and personalize your thank you email.
2. Accept Credit Cards and ACH and Get Paid Faster: No more chasing clients for checks or waiting in line at the bank. Let your clients pay their preferred way, online, and get paid up to 11 days faster.
3. Put Your Business on Auto‑Pilot: From sending reminders to securely charging your client’s credit card, you can automate as much (or as little) of your business with FreshBooks. Let FreshBooks follow up with clients so you can focus your time on what matters most.
4. Get Paid Upfront with Deposits: No more paying expenses out of pocket or waiting until the end of a project to get paid. Request a deposit on your invoice and you’ll sleep peacefully knowing you’ll get the money you need at the start.
5. Bill for Exactly What You’re Worth: With the FreshBooks invoice generator you can easily add your tracked time and expenses to your invoices, so you’ll never leave money on the table again.
6. Establish a Stable Cashflow with Retainers: Negotiate fixed pricing with your clients upfront. Whether it’s for a specific timeline or project, establish a stable cash flow and make it easier to forecast upcoming workload and income.
7. Manage Timelines Effectively: Dedicate a specific number of hours to your client’s retainer and schedule work against that amount at a pace that works for both you and your client.
8. Create Professional Reports: Generate and send retainer summary reports at any point during a retainer period to keep your clients happy and informed.
9. Tame Scope Creep: When project deliverables change it’s easy to highlight what’s new and discuss the impact on your retainer amount and timeline.
10. Streamline Your Workflow: Recurring invoicing, time tracking, project management and reporting all seamlessly work together with this one, easy-to-use tool.
11. Never Lose Another Receipt: Stop worrying about having to remember every last detail yourself. Snap a picture of a receipt, log it, and let FreshBooks keep things organized for you in the cloud.
12. Make Tax Time a Breeze: Categorization of expenses in FreshBooks is made with tax time in mind, so it’s easy for you (or your accountant) to file. At tax time you have all the information you need without any of the complexity.
13. Easily Bill Your Client for Expenses: With FreshBooks, you can quickly mark your business expenses as billable, add a markup and then automatically pull them onto an invoice for your client.
14. Keep Project Spending on Track: Tracking expenses in FreshBooks means that your team can keep tabs on what they’re spending on projects. It also means you can keep a close eye on how things are tracking to budget.
15. Keep Project Spending on Track: Tracking expenses in FreshBooks means that your team can keep tabs on what they’re spending on projects. It also means you can keep a close eye on how things are tracking to budget.
16. Produce Better Work Faster with Your Team: FreshBooks is built exclusively for small-business owners and their teams to boost productivity. To kick off seamless collaboration invite your Contractors, Employees and Business Partners to manage projects and decide which files they’ll have access to with team permissions.
17. Easy Access to Every Important File: No more digging through email chains trying to find that one attachment. With a web-based centralized place for file storage, you and your team members will have more time to focus on what matters.
18. Client Collaboration Made Simple: From project planning to execute work, FreshBooks makes it easy for your clients to give you feedback every step of the way. Plus, every update will be automatically stored in the cloud.
19. Maximize Your Productivity through Time Tracking Software: Start tracking your time in FreshBooks and see exactly how much time you’re spending on clients and projects. And when the work’s done, easily generate an invoice with just a click
20. Easily Track Time from Wherever You Are: Whether on the go with the mobile app or browsing the web with the FreshBooks Chrome Timer, FreshBooks ensures you bank every billable hour. Plus, you can track time directly from the apps you already know and love – Asana, Basecamp, Trello and Teamwork.
21. Easily Keep Your Team on Track: Know at a glance how your entire team is spending their time. You’ll be able to quickly understand what work has been completed and spot any issues before they become problems.
22. Track Your Mileage On-The-Go, as You Go: Automatically track your mileage as you drive, easily categorize business trips with a swipe, and view your potential tax deduction — right from your phone.

The final word

To conclude, FreshBooks is cloud accounting software specially designed for service providers, small businesses and freelancers. It can track your time, create invoices, track expenses, provide reports, design estimates, send follow up emails, and allow your team members and clients to log in. And it’s really easy to use on top of all that functionality. Overall, through observing the many features FreshBooks has to offer, it is clear to see that it is definitely worth a try.