You pay double the price of the Lite plan, but for this price you can handle ten times more clients. And if you are already handling 50 clients, you are on the way to attain real abundance. Select is FreshBooks’ custom plan intended for large businesses with more than 500 billable clients. Unless you are running an enterprise-level business, this plan is probably not for you. In other words, this plan is for business owners with a focus on prosperity. I found it useful for sharing invoices and project updates, and you will too.

Starting price (does not include set up fee)

Building on its core accounting tools, the FreshBooks Plus and Premium plans include bank reconciliation tools, so you won’t have to manually reconcile your business bank account. Transactions feed in automatically, meaning FreshBooks offers ongoing reconciliation instead of only end-of-month freshbooks reconciling — a feature not offered by some other competitors we reviewed. You can also manually add transactions through a CSV file and search for unreconciled transactions.

FreshBooks review — a solid option that shines for smaller businesses

• We’ve partnered with Gusto, the #1 rated HR software for payroll, to help you save time and ensure accuracy.
• No credit card or banking information is required, and you can cancel the service anytime.
• If you’re looking for a simple solution to organize your business accounting in one system, it won’t take long to get started with the basics and send your first invoice.
• A deep clean is a more thorough cleaning that must be done when cleaning has been neglected for several months.
• There are a few missing features we’d like to see FreshBooks add, such as a customizable chart of accounts, advanced inventory, and additional reports.

Xero is an accounting software best suited to small businesses looking for high-level accounting systems. FreshBooks is better geared toward freelancers and very small businesses that need to send a lot of invoices to clients. Though they have different functionalities, both made our list of the best accounting software. Both FreshBooks and Xero have a hearty number of apps you can integrate for further functionality. Xero offers built-in integrations for superior connections, including Shopify, Liability Accounts Hubdoc, Stripe and HubSpot.

Premium Plan: $18.00/Month (70% Off for the First 3 Months)

• Plus, Xero integrates with over a thousand apps, meaning you can personalize your inventory, payroll, CRM or time-tracking experience however you’d like.
• If you’re unsatisfied with FreshBooks during the first 30 days of your subscription, you can contact their customer support team to request a full refund.
• While you focus on growing your business, we’ll migrate all your important info (like expenses, invoices, and client details) from your old platform to FreshBooks.
• All businesses have to match transactions in their bank records on a regular basis.

QuickBooks Premier Nonprofit Edition can be used as an alternative to church accounting software. Such features include CPA firms, nonprofits, fund accounting, fixed asset management, and purchase order management. The dedicated account manager allows you to get a helping hand for the training of your team.

This feature allows businesses to accept a wider variety of payments and is included in the Select plan. It’s not a necessary purchase, however, since standard FreshBooks plans allow for payments via payment links and BACS, which is enough for most businesses. FreshBooks’ only real hidden fee is the fact that all plans have a one-user limit, and additional users cost £8 per month per user. The only plan that doesn’t have a one-user limit is the Select plan, but even then it’s capped at two users.

The all-new FreshBooks is accounting software that makes running your small business easy, fast and secure. Spend less time on accounting and more time doing the work you love. If you are looking for a comprehensive project management tool to complement FreshBooks, check out AceProject. This tool is economical because the pricing is not based on the number of users.

Ramp is also completely free to use, while FreshBooks’ pricing starts at $17.00 per month. Similar to FreshBooks, Zoho Expense offers expense reporting, customization options, and multicurrency support. While FreshBooks’ solutions include accounting and invoicing, Zoho Expense is a stand-alone product that specializes in expense management. Both platforms have a free trial, but only Zoho Expense offers a free plan. We tested FreshBooks’ onboarding process and found it extremely easy to set up the software. As mentioned, there’s a generous 30-day free trial period, and, impressively, no credit card is required to open a trial account.

Free Team Accounts

Wave is a free accounting tool with many key features such as receipt scanning and invoicing. It comes with a pretty intuitive user interface that makes it very easy to access balance sheets and other important reports. Wave is designed mainly for sole proprietors, but small businesses also find it very convenient. I found it incredibly easy to customize invoices to match my brand, and you can too. The software allows you to automate payment reminders, which means you spend less time chasing payments and more time focusing on your business.

Payment Processing Charges

With all the economic instability tied to a looming recession and new tariffs, most businesses will appreciate all the projections they can get. FreshBooks leaves a little to be desired when it comes to some features, from multi-currency invoicing to budget forecasting. Here are all the top options, including our favorite accounting software, Zoho Books. CARES Act Customization and collaboration is limited in a few different ways.