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.
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 …
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.
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 …
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 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.
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 …
Features
FreeAgent
Payroll Management
Comparison of Payroll Management features of Product A and Product B
FreeAgent
8.6
Ratings
13% above category average
Pay calculation
8.00 Ratings
Benefit plan administration
8.50 Ratings
Direct deposit files
8.90 Ratings
Salary revision and increment management
8.80 Ratings
Reimbursement management
8.70 Ratings
Customization
Comparison of Customization features of Product A and Product B
FreeAgent
6.7
Ratings
12% below category average
API for custom integration
4.50 Ratings
Plug-ins
8.90 Ratings
Security
Comparison of Security features of Product A and Product B
FreeAgent
8.5
Ratings
3% above category average
Single sign-on capability
9.00 Ratings
Role-based user permissions
8.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
FreeAgent
6.4
Ratings
20% below category average
Dashboards
7.10 Ratings
Standard reports
7.60 Ratings
Custom reports
4.40 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
FreeAgent
8.7
Ratings
13% above category average
Accounts payable
8.00 Ratings
Accounts receivable
8.50 Ratings
Cash management
8.50 Ratings
Bank reconciliation
9.00 Ratings
Expense management
8.90 Ratings
Time tracking
9.00 Ratings
Fixed asset management
8.60 Ratings
Multi-currency support
8.10 Ratings
Multi-division support
9.00 Ratings
Regulations compliance
8.70 Ratings
Electronic tax filing
9.10 Ratings
Self-service portal
9.00 Ratings
Journals and Reconciliations
8.00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
FreeAgent
7.4
Ratings
1% above category average
Inventory tracking
7.70 Ratings
Automatic reordering
8.20 Ratings
Location management
4.50 Ratings
Manufacturing module
9.10 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.
Recurring invoices with automated follow-up is fantastic for helping to get paid on time
Automated bank transfers are the easiest way to ensure that I can reconcile my accounts with ease
Support is fantastic
Built-in Time tracking for projects/tasks (integration with Basecamp to get this info) is fantastic, it allows us to accurately track what we are working on and get paid for it!
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 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 indispensable to my business.