FreeAgent is an cloud-based accounting system designed for small businesses and freelancers. FreeAgent supports many core accounting features and bank reconciliation, payroll, tax management, project level accounting, and multiple currency support. It is mobile-accessible, and integrates with many apps.
As a free software for Mettle users it is excellent choice and great value for money especially for micro businesses. It does the needed bank imports and reconciliations, however compared to more advanced products like Xero or QuickBooks it lacks the flexibility of those …
Verified User
Administrator
Chose FreeAgent
Xero is a product I have only used for Payroll, but which it does very well. It is more complex to use compared to FreeAgent though and in that regard harder to learn.
Our clients use all of the above software providers, some of them using Xero, QuickBooks, FreshBooks, QuickFile, Kashflow, Wave App etc. FreeAgent is best one for me among the free software available as it does everything and we would not even need additional software for …
I have used and tested out many other systems. I was looking at Xero for my accounting system but at the time I chose FreeAgent because of the way it handles the recording of dividends and the inbuilt time recording. The others I trialed were good and many of them cheaper. …
We did start the business using Kashflow. It is good but isn't as full service as FreeAgent and does require a bit of knowledge of some accounting terms which FreeAgent doesn't.
Support. Any questions gets a fast and detailed response. Helpful, knowledgable and friendly people provide detailed explanations and answers to not only teach but help understanding.
I used Fresh Books for about three years prior to switching to FreeAgent. It was the accounting functionality that made the difference - in the past two years I've not regretted the switch. Fresh Books is good, but its the UK accounting features that make FreeAgent …
Verified User
Consultant
Chose FreeAgent
I've not evaluated other products but know there are others out there.
FreeAgent was really the first product we looked at based on a personal recommendation and since we found it to be almost perfect we didn't look at the alternatives.
Features
FreeAgent
Payroll Management
Comparison of Payroll Management features of Product A and Product B
FreeAgent
8.6
13 Ratings
13% above category average
Pay calculation
8.012 Ratings
Benefit plan administration
8.56 Ratings
Direct deposit files
8.92 Ratings
Salary revision and increment management
8.86 Ratings
Reimbursement management
8.78 Ratings
Customization
Comparison of Customization features of Product A and Product B
FreeAgent
6.6
13 Ratings
16% below category average
API for custom integration
4.59 Ratings
Plug-ins
8.712 Ratings
Security
Comparison of Security features of Product A and Product B
FreeAgent
8.5
14 Ratings
3% above category average
Single sign-on capability
9.013 Ratings
Role-based user permissions
8.013 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
FreeAgent
6.5
23 Ratings
19% below category average
Dashboards
7.321 Ratings
Standard reports
7.721 Ratings
Custom reports
4.410 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
FreeAgent
8.7
25 Ratings
13% above category average
Accounts payable
8.020 Ratings
Accounts receivable
8.422 Ratings
Cash management
8.620 Ratings
Bank reconciliation
9.020 Ratings
Expense management
8.824 Ratings
Time tracking
9.018 Ratings
Fixed asset management
8.611 Ratings
Multi-currency support
8.310 Ratings
Multi-division support
9.05 Ratings
Regulations compliance
8.78 Ratings
Electronic tax filing
9.320 Ratings
Self-service portal
9.011 Ratings
Journals and Reconciliations
8.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
FreeAgent
7.4
4 Ratings
2% below category average
Inventory tracking
7.72 Ratings
Automatic reordering
8.21 Ratings
Location management
4.51 Ratings
Manufacturing module
9.11 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
For micro and small business it is a great solution. The new requirements for MTD for landlords could also be met with this software. Groups and more complex businesses could not use the accounts and tax returns features, however they still could use it for bookkeeping and then export the data to other tax and accounts production software.
Accounting! As you'd expect. Makes it much simpler andmore cost effective. In-coming and out-goings are recorded and assigned to projects and accounts. My accountant can access my books and reconcile so much more easily than trawling through spreadsheets.
Time billing - time spent on projects/client work is recorded and is ready to be invoiced as required. Saves so much time and prevents inaccuracies.
Invoicing - again, it should do this well and it does. Non payment reminders are automatic and clients have no excuses for not knowing the status of their account.
Account dashboard - gives me an instant overview of the health of the business (am I on track to meet my yearly targets) and my accounts.
Reporting on financials, time tracking and project status is a little poor. It's adequate for what what we need, but would be great to see more advanced features.
API is quite closed so cannot integrate with our other project management tools.
We have used Freeagent for many years now and it serves us well for our needs. To change it would mean a lot of work, and this would most likely only happen if the cost became prohibitive to us.
It is a great software that does everything we need for small business clients. It allows to keep the books in a cloud from bookkeeping to accounts production and tax returns, all in one software. There are no major drawbacks and I would highly recommend it for most of our clients.
I have used and tested out many other systems. I was looking at Xero for my accounting system but at the time I chose FreeAgent because of the way it handles the recording of dividends and the inbuilt time recording. The others I trialed were good and many of them cheaper. FreeAgent best suited my requirements at the time.
Professional and uniform offering providing great confident customer service. My clients love it, whether they use it a little or a lot. It's a great piece of software - while sophisticated, it's straightforward to use.
Time saving and efficient use of my team's time. Being able to easily share and compare work / tasks.