Are you a small scale business or a startup company? Are you having issues with keeping your accounting books in order? Do you need an accounting system that not only suits your need but goes above and beyond in making life extremely easy for you? If you belong to the above-listed category, listed below is 10 reasons why FreshBooks Inc. accounting system is trusted by more than 5 million companies and freelance accountants many of which are well-known brands around the world.
It is easy to use and understand:
Registering your business on FreshBooks is a quick process, requiring minimal steps which makes it a piece of cake for new users. The interface itself is clean, organized, clearly labeled and clearly stated out. The software is packaged such that most of your basic accounting daily activities such as checking outstanding invoices, total profit, expenses, and advanced reports are stationed on the home page. There is also an option to customize the sidebar to suit your business need by creating shortcuts for items such as creating invoices, estimates, expenses and customer profiles etc. Freshbooks software also saves data inputted when creating new invoices for future use which are inputted automatically when a new invoice of such parameter is being created in the future.
It’s the best accounting system when it comes to invoicing:
one of the best things about the Freshbook software is its ability of a user to set up recurring invoices and automatic payment reminders, and accept credit and debit card payments for invoices online. The software automatically monitors the status of invoices after you send them, allowing you to know when a customer has seen the invoice and have viewed it. It also tracks billable time and expenses, which can be added to your invoices, making it a great accounting option for freelancers and self-employed professionals as well as agencies and firms.
Offers competitive pricing: when choosing a good software for your company, everything always boils down to the price and amount to be paid for the system which happens to be an area where FreshBooks excels. They offer a range of pricing depending on the size of a User’s company and the number of clients the company has. Their price is as low as $15 a month (lite plan) which carters for a company that has less than five clients. Their premium package goes for $50 which can cater for up to 500 customers and has some advanced features that are not present in the Lite plan.
It is one of the best Intuitive Accounting Software Available in the market right now: thus financial management tool comes with well-organized dashboards and single-click functions that make accounting easy for both people in the business and non-accountants.
It gives you unlimited access to your data: with the incorporation of a mobile platform that gives you access to your data on the go, Freshbooks allows you to do business regardless of your location at any particular time. The mobile application is available on the windows, iOS and Android platform which means regardless of the type of mobile device you use, FreshBooks is available at your fingertip. It also allows for fast communication with partners and other involved parties and financial consultation can be performed remotely on the system
It takes billing a few steps ahead: this accounting system gives companies ability to accept payment online, and choose between different payment methods such as PayPal, Visa, MasterCard, Google Checkouts, and Amex, and thanks to its amazing trigger notifications, you can easily set alerts for late payments which reduces drastically the risk of disputing invoices with clients. The main benefit here is that the company gets to charge late payment fees as it has sent an overdue reminder and made sure clients got it. Thanks to this feature, companies can track current and past invoices, which allows them to stay in control of their cash flow in all scenarios.
Cloud Accounting: this is one of the major reasons why Freshbook is better than other accounting software. Every transaction performed on the system is on the cloud which gives you access to your files and financial documents at all time. There is no need to get to the office before you send an emergency invoice or send a reminder to a client. Your documents literally live on the cloud. This is an innovation, to say the least. It saves and updates your files regularly which reduces the risk of sending an incorrect or incomplete invoice or bill to a client.
Award-winning Customer Service: buying a software is one thing, installing it and getting it to work is another thing entirely. This aspect is where FreshBooks excels. There is always an agent available to pick your calls and provide a meaningful response to your request at all times. Its customer support received the Gold medal at the 2014 Stevie Awards for Sales & Customer Service which serves to demonstrate how highly rated the company’s customer service delivery is.
Ability to Track working times and expenses simultaneously: this is a feature that is not readily available on most accounting software. New users will quickly realize that FreshBooks is priceless in terms of charge accuracy, especially in cases where users charge hourly rates to their clients. Don’t forget though that you can also charge flat rates if you prefer – it takes just a few clicks to calculate a running bill. As for the expenses you wish to liquidate after meeting a client, you should consider the system’s handy snaps thanks to which you can connect users with invoices, or import expenses directly from your bank using the simplified Expense Tool.
Spotless Reporting and time-saving features embedded in it: it allows you to convert estimates and proposals to invoices in just two clicks. Also, you can easily duplicate and tweak past invoices instead of creating a new one from scratch, send invoices electronically, recurring invoices to be sent weekly, monthly, annually or as frequently as you choose and monitor their statuses. It also allows customers to save their credit cards to make automatic payments. All these features are things that take time but have been simplified on the application. The system also ensures your accounting is error-proof and less time consuming, and that all balance sheets are monitored in real time. Reports can be generated with just a few easy clicks, and offer a variety of useful filters for profit/loss and taxation statements. All these reports can be easily exported to any format desired at any point in time.
Just as we know that there is no way a product can be great without some lapses, the major one being the inability of the accounting software to work on an enterprise level. Regardless of all glitches and bugs that might arise in the use of the application, the accounting system is surely a good value for money and for a small scale business, you can’t make a better choice than choosing FreshBooks accounting software to take care of your accounting needs.