Enhance Your Workflow with a FreshBooks Invoice Template for Accounting

Freshbooks invoice template for Accounting

one of the biggest gripes we hear about QuickBooks it feels like you need an accounting degree to navigate it many praise freshbooks as the userfriendly contender to QuickBooks but is it the best fit for your small business let's find out hey everyone this is Jeff budak with software connect your trusted partner for software reviews research and recommendations we've explored dozens of accounting platforms including freshbooks remember to subscribe for more reviews and check out our accounting software Roundup page that link is in the description below in our study comparing these two accounting Giants fresh books surpass QuickBooks in both pricing and its appeal to the self-employed and small business markets what makes it so attractive to Freelancers with freshbooks you can quickly accept online payments within the invoice itself customize invoice Styles and schedule reoccurring invoice to build clients automatically in other words this intuitive app saves your small team Time by making it easier to get paid freshbooks is a cloud-based software designed with small businesses in mind it utilizes Double Entry accounting to minimize errors and generate Financial reports freshbooks is best suited for Freelancers freshbooks strongly focuses on Simplicity and ease abuse this is critical for Freelancers who may not have much accounting experience it allows them to easily manage invoices track time and monitor expenses also small businesses with 50 or fewer employees freshbooks help small businesses meet short-term liabilities and maintain Financial flexibility when your small team is already stra for time they can rely on invoice automation expense tracking and speed your payment processes it's also great for service-based businesses freshbooks is optimized for service providers with its time tracking and project management features while it does have an items and service tabs it's not quite as robust as Zoho books for example fresh books requires you to make manual stock adjustments as new items arrive now let's take a look at some of the pros freshbooks features a userfriendly interface with an intuitive layout unlike QuickBooks freshbooks is easy to navigate even for non-ac accountants robust time tracking freshbooks provides hourly billing with a timer and direct invoice integration ation this ensures accurate billing for all work contributing to a healthier cash flow wave on the other hand does not have a built-in time tracker clients can access a portal to view and pay invoices check project statuses and more it also helps clients View and print invoices estimates and proposals without signing up for an account this feature is unique to freshbooks but freshbooks also has its downsides freshbooks has around 140 Integrations while QuickBooks offers over 750 QuickBooks has a larger market share and developer ecosystem however freshbooks has a well documented API that's integration friendly dependent upon your plan freshbooks restricts the number of clients you can invoice only the Premium plan allows unlimited clients compare this to wave which doesn't impose any client limits it also has limited inventory functionality for businesses with substantial inventory needs fresh books might not hit the mark it lacks capabilities like purchase orders inventory forecasting and reorder alerts meanwhile QuickBooks Online offers purchase order functionality however you'll need the Plus subscription plan here's how freshbooks is priced at the time of this recording you get a 10% discount if you opt for an annual subscription their cheapest plan is the freshbooks light at $17 per month their most popular plan is freshbooks plus and the most expensive plan is freshbooks premium freshbooks select starts at $100 per month it's designed for larger businesses processing more than $10,000 a month in payments this plan removes The freshbooks Branding from your invoice emails freshbooks base pricing includes only one user with $1 monthly for each additional user however premium includes two free team members accounts finally the light plan restricts invoicing to five clients the plus plan limits you to 50 with pricing out of the way let's talk about important features you can automate the billing process through reoccurring invoices and automatic payment reminders you can also accept online payments through credit cards or Bank transfers freshbook payments include transaction fees of 2.9% plus 30% for Visa discover and MasterCard Bank transfers incur a 1% fee you can also connect freshbooks with stripe and PayPal each with their own transaction fees the select subscription plan offers lower transaction fees freshbooks offers effective invoice customer imization users can select from three distinct template Styles simple modern and classic you can choose preset theme colors or enter a hexadecimal code however font choices include just two Styles modern or classic where freshbook shines is in its streamline invoice creation process you can add line items billable clients and attachments just by clicking on the corresponding Fields most importantly you can edit your template and set a reoccurring schedule all on the same screen when it comes to reporting freshbooks offers essential Financial reports like profit and loss general ledger and balance sheet with over 20 reports to choose from freshbooks might offer fewer than zero accounting but for most small businesses this is more than enough finally you can make basic adjustments to your report you can change and compare dates and switch from acrel to cash base accounting and that's about it all in all I give freshbooks an 8.5 out of 10 for its ease of use time tracking and client portal you can find out more solutions like freshbooks on our best accounting software Roundup it includes the top contenders like QuickBooks online and wave if you haven't seen a review on Wave definitely check that out we are eager to hear your thoughts on Fresh books like it not a fan please share in the comments if you're ready to explore more accounting options our team of software experts are ready to help click on the link in the description below or visit software connect.com to get started thanks see you next time