How to Choose the Right FreeAgent Solution for Your Business

Your Guide to buying the best FreeAgent

Overview

FreeAgent is an award-winning cloud accounting software designed to make life easier for small businesses. This buying guide will provide an in-depth overview of the features, pricing, and pros & cons of FreeAgent, as well as a step-by-step guide for getting started with the software. With this buying guide, you can make an informed decision about whether FreeAgent is the right accounting solution for your business.

Key features

  • Pricing and Packages - FreeAgent offers a range of packages and prices to fit different types of businesses and their budget. The packages range from a basic Free plan to the Plus plan which offers the most features and is the most expensive.
  • Accounting Features - FreeAgent offers features such as customizable invoices, automated tax calculations, income and expense tracking, self-assessment filing, bank reconciliation, and more.
  • Time Tracking - FreeAgent allows users to track their time spent on different projects, enabling them to properly bill their clients and manage their time more efficiently.
  • Integrations - FreeAgent integrates with popular third-party applications such as Xero and Shopify, allowing users to better manage their finances and business operations.
  • Support - FreeAgent offers customer support via email and live chat, as well as FAQs, user guides, and an online forum.
  • Security - FreeAgent is compliant with security standards such as GDPR, and is secured with a two-factor authentication system.

    • See the most popular FreeAgent on Amazon

    Important considerations

    Pros

    • Easy to Use - FreeAgent is easy to use and has a user-friendly, intuitive interface.
    • Accessible from Anywhere - FreeAgent is cloud-based, so you can access your account and data from any computer, tablet, or smartphone.
    • Real-Time Reports - FreeAgent provides real-time insight into your business’s financial performance, with easy-to-read charts and graphs.
    • Automatic Bank Feeds - FreeAgent can automatically download bank transactions and categorize them for easy organization.
    • Multiple Users - FreeAgent allows you to add additional users to your account, so multiple people can access the data.
    • Integrated Accounting System - FreeAgent includes a comprehensive accounting system that makes it easy to track expenses, manage invoices, and more.
    • Secure Data Storage - FreeAgent stores data securely and backs up regularly to ensure that data is always safe.

    Cons

    • Price: FreeAgent has a monthly subscription fee that can range from $20 to $50 depending on the level of service you need.
    • Limited Productivity Features: FreeAgent does not offer some of the more advanced productivity features that are available in other accounting software.
    • Customer Support: FreeAgent offers limited customer support and response times can be slow.
    • Security: FreeAgent does not offer the same level of security as other software programs.
    • Integration With Third-Party Apps: FreeAgent does not integrate with as many third-party apps as other accounting software programs.

    Best alternatives

    1. Xero - An online accounting software with a range of features for business owners and bookkeepers.
    2. QuickBooks - A cloud-based accounting solution that helps businesses manage their finances and automate their bookkeeping.
    3. FreshBooks - An online accounting and invoicing software that helps businesses stay organized and get paid faster.
    4. Wave Accounting - An online accounting and invoicing solution that helps small businesses save time and money.
    5. Zoho Books - An online accounting system that provides businesses with a comprehensive view of their financials.

    Related tools, supplies, and accessories

    Common questions

    1. What is FreeAgent? FreeAgent is an online accounting software designed to help small businesses and freelancers manage their finances, such as invoicing, bookkeeping, and payroll.
    2. What features does FreeAgent offer? FreeAgent offers a variety of features to help businesses and freelancers manage their finances, including invoicing, time tracking, bank reconciliation, budgeting, and tax filing.
    3. What types of businesses can use FreeAgent? FreeAgent is designed for any type of business, including sole traders, limited companies, and partnerships.
    4. How much does FreeAgent cost? FreeAgent offers a range of pricing plans based on the number of users and features needed.
    5. Is FreeAgent secure? Yes, FreeAgent is a highly secure platform, with bank-level encryption and two-factor authentication.
    6. What customer support does FreeAgent offer? FreeAgent offers customer support by email and phone, as well as a comprehensive online help center.

    Trivia

    When FreeAgent launched in 2007, co-founder Ed Molyneux used a whiteboard to set up their very first customer's accounts - in a London pub! The customer was fellow entrepreneur Tom Blomfield, who went on to found Monzo Bank and was then a customer of FreeAgent. This story was reported by the BBC in 2018. Source

    Disclaimer: This buying guide was not created by humans, and it is possible that some of it's content is inaccurate or incomplete. We do not guarantee or take any liability for the accuracy of this buying guide. Additionally, the images on this page were generated by AI and may not accurately represent the product that is being discussed. We have tried to convey useful information, but it is our subjective opinion and should not be taken as complete or factual.