FreshBooks – www.freshbooks.com
From the March 2017 review of Invoice Management systems.
FreshBooks offer cloud-based accessibility, and is well suited for freelancers and small businesses. While FreshBooks has a focus on time and expense tracking and management, it also contains good invoicing capability, as well as a mobile app for both iPhone and Android devices.
Users can easily create a new invoice in FreshBooks by simply clicking on the New Invoice option. Once selected, users can also add additional invoice settings, including the ability to accept credit cards, the ability to customize the style of the invoice, and the ability to make the invoice recurring. Have all three of these options available in one location saves a great deal of time, and allows uses to create a custom invoice and payment system for each client or even each invoice individually.
Discounts can be added directly to the invoice by clicking on the add discount feature and entering the appropriate percentage discount.
In addition, the invoice screen allows users to set up automatic payment reminders to their clients, and also add the ability to charge a late fee if a payment is not received by the specified due date. Again, having these options available in the invoice entry screen is a tremendous time saver.
Another nice feature in FreshBooks is the ability to accept different types of currency, so users can invoice and accept payments in any currency.
Users can process payments for multiple client invoices simultaneously, and with its excellent and time tracking capability, users can easy track project time in 15 minute increments, check off the Billable option, and later invoice the client for the time.
Sales tax is also added to an invoice as it’s being entered. Users would click on the Add a Line option, and the add taxes option. Here they can enter the appropriate percentage and tax type. Users can add up to two separate tax items per invoice.
FreshBooks is a completely integrated accounting solution, so all features work together well. FreshBooks also offers integration with numerous apps that increase program capabilities.
The application accepts online payments via FreshBooks Payments or Stripe. FreshBooks Payments are processed through WePay. Users can apply discounts to invoices, and the application also tracks time and expenses, which can be later invoiced.
The Invoice Details report provides users with an overview of all invoices that have been created in FreshBooks over a specific period of time. Reports can be filtered by invoice date, issue date, pay date, clients, or invoice status. Those that accept multiple currency types can also choose to run the report by currency type. All reports can be viewed on screen, printed, or exported to Excel for customization if necessary.
FreshBooks offers solid invoicing capability for freelancers and small business owners. FreshBooks offers three editions with prices starting at $15.00 per month and runs to $50.00 per month for the Premium edition.
2017 Overall Rating – 4.5 Stars
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Tags: Technology
