FreeAgent

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.