FreeAgent

FreeAgent

22 Review(s)

Overview

FreeAgent accounting software provides small business owners with a tailored solution for managing their financials efficiently. While users have reported scalability limitations and a steep learning curve, its adaptable interface, time-saving automation, and collaboration features are a highlight.

Overall Rating

Based on 22 users reviews

4.5

Rating Distribution

Positive

95%

Neutral

0%

Negative

5%

Starting Price
Custom

FreeAgent Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

View All Specifications

What is FreeAgent?

Overview

FreeAgent is accounting software that is designed for small business owners and freelancers. This software is cloud-based which makes it accessible from every browser and network. FreeAgent is highly secure in terms of data privacy, its 256-bit SSL connection ensures a safe transmission from user’s app to the cloud-based storage. It can accept payments from two different platforms which are Stripe and PayPal. FreeAgent offers dedicated apps for both IOS and Android devices. Its user dashboard offers valuable insights to detailed business metrics which include transactions, invoices, receipts, tax returns, project status, and most specifically the timeline analysis.

It helps to create time slips by using its in-built stopwatch with the precision of minutes to seconds that the user spends on the client’s project. The solution’s bank feed functionality accommodates users by automatically downloading the daily transactions statement, attaching the bank account or credit card with the app. Other features include Smart bank reconciliation, reporting, and customizable invoices.

Price: Various pricing packages are available. Pricing for sole trader account is £19/month, £24/month for partnership accounts, £29 for Ltd Companies, $24 for US accounts, and $20 for universal accounts. All the packages have different features available.

USP: The efficient functionality of tracking expenses just by uploading the image of the expense receipt.

Support: Its support can be reached via phone and email.

Product Advantages: It is highly suitable for service-based and project-based businesses because of its Timeline analysis functionality and in-built stopwatch.

Product Limitations: Users often face some issues and hassles in connecting their credit cards with the software.

Pros And Cons of FreeAgent

Pros

  • Easy to onboard clients

  • Ease of reconciliations

  • Intuitive mobile app

  • Information transparency

Cons

  • Training required

  • Some features are inflexible

  • Customer support could be better

FreeAgent Reviews

Total 22 reviews

4.5

All reviews are from verified customers

Rating Distribution

5

Stars

68%

4

Stars

27%

3

Stars

0%

2

Stars

0%

1

Stars

5%

Share your experience

B

Ben

Computer Software, 1-10 employees

More than a year

4.0
June 2024

Great cloud-based accounting

Pros

FreeAgent is an extremely supportive and practical tool for someone like me who isn't great with accounting and has a busy job that makes accounting time-consuming. I can rely on the software to explain transactions, calculate income and expenses, and file taxes without worrying about a lot of jargon. The support has been invaluable when I need help with explanations or more.

Cons

A while back, they announced they could no longer offer accounting support and always recommend hiring your own accountant. However, when I first signed up for FreeAgent, I was sure they advertised not requiring an accountant.

Rating Distribution

Ease of use

10

Value for money

8

Customer Support

8

Functionality

8

O

Ollie

Marketing and Advertising, 1-10 employees

Less than 6 months

4.0
June 2024

Straightforward online accounting software

Pros

I appreciate how easy it is to create new invoices and provide a clear VAT breakdown for clients. I can easily download the invoice as a PDF and email it manually or send it through FreeAgent.

Cons

As a new user, I've found it challenging to change the status of an invoice, particularly the 'paid' status.

Rating Distribution

Ease of use

8

Value for money

8

Customer Support

8

Functionality

8

T

Thomas

Online Media, 1-10 employees

More than a year

5.0
May 2024

My accounting tool from day one

Pros

Since registering my company, I've been using FreeAgent. It meets all my accounting needs and saves me so much time.

Cons

Categorizing expenses could be improved. It works so far, but I wish they had simpler names.

Rating Distribution

Ease of use

10

Value for money

10

Customer Support

10

Functionality

9

Frequently Asked Questions

Yes, FreeAgent offers an API.

FreeAgent supports the English language only.

FreeAgent integrates with HubSpot, Commusoft, Float, Zapier, and others.

Yes, FreeAgent supports iOS and Android devices.

Pricing varies as per different regional plans. FreeAgent UK package begins with a free plan. Its global package starts at $11/month, and the US plan at $13.50/month. Users can get a tailor-made quote for their businesses.

FreeAgent is used by small businesses in retail and hospitality, creative and technology, traditional trades, and other industries.

FreeAgent offers FAQs, email, chat, a knowledge base, and phone support.