FreeAgent vs. Thomson Reuters CS Professional Suite

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FreeAgent
Score 8.1 out of 10
N/A
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.N/A
Thomson Reuters CS Professional Suite
Score 7.5 out of 10
N/A
Thomson Reuters CS Professional Suite is integrated tax and accounting software that manages the operations of legal firms. It is used to collect client data, and post finished tax returns, from managing client engagements to practice management.N/A
Pricing
FreeAgentThomson Reuters CS Professional Suite
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FreeAgentThomson Reuters CS Professional Suite
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
FreeAgentThomson Reuters CS Professional Suite
Top Pros
Top Cons
Features
FreeAgentThomson Reuters CS Professional Suite
Payroll Management
Comparison of Payroll Management features of Product A and Product B
FreeAgent
8.6
13 Ratings
15% above category average
Thomson Reuters CS Professional Suite
10.0
1 Ratings
30% above category average
Pay calculation8.012 Ratings10.01 Ratings
Benefit plan administration8.56 Ratings00 Ratings
Direct deposit files8.92 Ratings00 Ratings
Salary revision and increment management8.86 Ratings00 Ratings
Reimbursement management8.78 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
FreeAgent
5.5
11 Ratings
22% below category average
Thomson Reuters CS Professional Suite
8.5
1 Ratings
21% above category average
API for custom integration4.59 Ratings8.01 Ratings
Plug-ins6.410 Ratings9.01 Ratings
Security
Comparison of Security features of Product A and Product B
FreeAgent
8.5
14 Ratings
9% above category average
Thomson Reuters CS Professional Suite
8.2
4 Ratings
5% above category average
Single sign-on capability9.013 Ratings8.33 Ratings
Role-based user permissions8.013 Ratings8.14 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
FreeAgent
7.8
20 Ratings
5% above category average
Thomson Reuters CS Professional Suite
7.2
4 Ratings
3% below category average
Dashboards10.018 Ratings8.13 Ratings
Standard reports9.018 Ratings8.04 Ratings
Custom reports4.410 Ratings5.64 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
FreeAgent
9.3
22 Ratings
24% above category average
Thomson Reuters CS Professional Suite
8.6
4 Ratings
16% above category average
Accounts payable10.017 Ratings8.01 Ratings
Accounts receivable10.019 Ratings8.01 Ratings
Cash management10.017 Ratings10.01 Ratings
Bank reconciliation10.018 Ratings10.02 Ratings
Expense management10.021 Ratings10.01 Ratings
Time tracking10.016 Ratings9.01 Ratings
Fixed asset management8.611 Ratings9.02 Ratings
Multi-currency support9.17 Ratings7.12 Ratings
Multi-division support9.05 Ratings8.01 Ratings
Regulations compliance8.78 Ratings10.02 Ratings
Electronic tax filing9.018 Ratings8.01 Ratings
Self-service portal9.011 Ratings9.01 Ratings
Journals and Reconciliations8.01 Ratings8.03 Ratings
Primary and Secondary Ledgers00 Ratings8.01 Ratings
Intercompany Accounting00 Ratings8.01 Ratings
Localizations00 Ratings8.01 Ratings
Enterprise Accounting00 Ratings8.01 Ratings
Configurable Accounting00 Ratings8.01 Ratings
Centralized Rules Framework00 Ratings9.01 Ratings
Standardized Processes00 Ratings9.13 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
FreeAgent
7.4
4 Ratings
6% above category average
Thomson Reuters CS Professional Suite
10.0
1 Ratings
36% above category average
Inventory tracking7.72 Ratings00 Ratings
Automatic reordering8.21 Ratings00 Ratings
Location management4.51 Ratings10.01 Ratings
Manufacturing module9.11 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
FreeAgent
8.1
13 Ratings
9% above category average
Thomson Reuters CS Professional Suite
-
Ratings
Pricing8.19 Ratings00 Ratings
Order entry6.82 Ratings00 Ratings
Credit card processing8.25 Ratings00 Ratings
Cost of goods sold9.13 Ratings00 Ratings
Best Alternatives
FreeAgentThomson Reuters CS Professional Suite
Small Businesses
Patriot Software
Patriot Software
Score 9.0 out of 10
Patriot Software
Patriot Software
Score 9.0 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.6 out of 10
Accounting Seed
Accounting Seed
Score 8.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.7 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.7 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FreeAgentThomson Reuters CS Professional Suite
Likelihood to Recommend
10.0
(22 ratings)
8.5
(4 ratings)
Usability
9.1
(4 ratings)
8.9
(2 ratings)
Availability
8.9
(10 ratings)
-
(0 ratings)
Performance
9.1
(2 ratings)
-
(0 ratings)
Support Rating
-
(0 ratings)
9.9
(2 ratings)
Product Scalability
8.2
(1 ratings)
-
(0 ratings)
User Testimonials
FreeAgentThomson Reuters CS Professional Suite
Likelihood to Recommend
FreeAgent
FreeAgent is really suited to the financial management of a small business. Especially an owner managed business as it provides all the tools to keep on top of finances. It can reduce the need for a bookkeeper as it is easy to add expenses and reconcile them with the linked bank accounts. The integrated payroll would also reduce the need for third-party management of such processes. Would still recommend the use of an accountant to advise on more complex financial requirements.
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Thomson Reuters
It is extremely suitable for the client since for us they are all US-based companies, even though the main headquarters of our business is in Mexico.

It is less appropriate in terms of usability than taxes, since it does not include adaptability to Mexican legislation, and its deployment through customizations and reports is extremely expensive.
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Pros
FreeAgent
  • 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.
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Thomson Reuters
  • Allows users to create associations, groups, locations, or property types to categorize each asset.
  • Fixed Assets CS can be deployed in a virtual office setting or as a SaaS application.
  • Fixed Assets CS also supports common depreciation methods.
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Cons
FreeAgent
  • 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.
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Thomson Reuters
  • Requires a time investment for the learning curve to fully utilize the benefits provided by CS Professional Suite.
  • Older looking UI and aesthetic.
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Usability
FreeAgent
I spent nearly two decades in IT and am happy to say that FreeAgent's user interface is one of the best interfaces I have ever used.
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Thomson Reuters
The platform is stable even though a version for MacOS is also missed.

In general, the user management and administration process is intuitive and once the roles are defined it is simple and easy.

However, the user experience has become out of date in relation to other web-based platforms currently available on the market.
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Reliability and Availability
FreeAgent
Based in a cloud and never had any issues with down time. I can access from any device
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Thomson Reuters
No answers on this topic
Support Rating
FreeAgent
No answers on this topic
Thomson Reuters
Support for Thomson Reuters is very in-depth as they have a ton of knowledge articles that help troubleshoot common issues and gives a launching pad for users to learn more about the product and help them use the tools effectively and efficiently. When needed, reaching out to the live support is always prompt and we are able to effectively work past any issues that come up.
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Alternatives Considered
FreeAgent
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.
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Thomson Reuters
Thomson Reuters is all I have experience with.
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Return on Investment
FreeAgent
  • 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.
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Thomson Reuters
  • Not authorized to view the large scale picture of Thomson Reuters CS Suite on ROI, however, it has been a part of the business model for years with constant updates and is only getting more and more efficient as time goes on.
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ScreenShots