FreshBooks

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If you own a small business and don't need to stress about formal reporting under commonly accepted accounting regulations (GAAP), FreshBooks (freshbooks.com) may be the right choice for you.

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It doesn't use double-entry accounting but it has a useful invoicing and time tracking tool.

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Although this software is a great option if you want to keep things basic and don't want to worry about learning a lot of accounting it doesn't offer product recordkeeping or inventory tracking, and it lacks expansive customer records.

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It's truly for a freelancer or sole proprietor who has basic accounting needs.

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Pricing for FreshBooks depends on the number of clients you have: $6 a month for a Lite plan that lets you bill up to five clients, $20 per month for unlimited clients.

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– Send unlimited invoices to an unlimited amount of clients – Track Bills, Bill Payments & Vendors with Accounts Payable

– Track project profitability – Customize email templates with dynamic fields – Customize email signatures

Depending on the plan, these features are available according to the FreshBooks site:

– Automatically send late payment reminders and bill late fees – Send unlimited estimates and proposals – Get paid with credit cards and bank transfers

– Get paid with checkout links – Set up recurring billing and client retainers – Run business health reports

Depending on the plan, these features are available according to the FreshBooks site:

– Run financial and accounting reports – Invite your accountant

– Access anywhere on iOS and Android – Mobile mileage tracking

Depending on the plan, these features are available according to the FreshBooks site:

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For more information on this topic, check the following stories:

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Interested in payroll and bookkeeping services? For more inquiries, you may contact us at 737-931-1413 or email us at info@SimplifiedPB.com.

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