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FreeAgent

FreeAgent

Overview

What is FreeAgent?

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.

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Recent Reviews

TrustRadius Insights

FreeAgent is a versatile accounting software that has proven to be an invaluable tool for freelancers and small businesses. Users rely on …
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Amazing product

10 out of 10
June 14, 2016
I started using FreeAgent three years ago and after years of relying on spreadsheets for small businesses I was delighted with the results …
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FreeAgent is awesome

10 out of 10
August 19, 2015
It is being used for my accountancy needs. It makes things so much easier by uploading digital copies of your bank statements and being …
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Popular Features

View all 33 features
  • Expense management (21)
    10.0
    100%
  • Dashboards (18)
    10.0
    100%
  • Accounts receivable (19)
    10.0
    100%
  • Standard reports (18)
    9.0
    90%
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Pricing

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Unavailable

What is FreeAgent?

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…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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7 people also want pricing

Alternatives Pricing

What is FreshBooks?

FreshBooks is an accounting service for small businesses. The solution enables users to send and manage invoices, track billable time and collect online payments. The vendor’s value proposition this that their solution provides a straightforward service that simplifies the billing process.

What is Xero?

Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features…

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Product Demos

Tony from FreeAgent will be giving us a live demo of FreeAgent Software (episode 8 Tech November)

YouTube

FreeAgent - Expenses Demo

YouTube

FreeAgent Client Demo

YouTube

2 Minute Demo FreeAgent via Iris OpenBooks

YouTube

How To File Your Expenses Demo With FreeAgent

YouTube

Iris OpenBooks FreeAgent Demo

YouTube
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Features

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

8.6
Avg 7.5

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

5.5
Avg 7.0

Security

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

8.5
Avg 7.9

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

7.8
Avg 7.6

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

9.3
Avg 7.4

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

7.4
Avg 7.0

Order Management

The ability to process orders, and track them from quote to cash.

8.1
Avg 7.4
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Product Details

What is FreeAgent?

FreeAgent is an online accounting software designed specifically to meet the needs of small businesses, freelancers and their accountants.


FreeAgent helps businesses take care of their day-to-day admin, from managing expenses and running fully RTI-compliant payroll to creating and sending professional-looking estimates and invoices. It also allows businesses to keep track of their cash flow and profitability, showing who owes them money - and how much!.

FreeAgent also has a personalised ‘Tax Timeline’ of upcoming deadlines and amounts due, as well as the functionality to easily file VAT, RTI payroll and - for sole traders and limited company directors - Self Assessment tax returns directly to HMRC.


The vendor boasts around 100,000 customers currently using FreeAgent to manage their business accounts, with no confusing accounting jargon and with a team of support accountants on hand to help them stay on track.

FreeAgent Features

General Ledger and Configurable Accounting Features

  • Supported: Accounts payable
  • Supported: Accounts receivable
  • Supported: Cash management
  • Supported: Bank reconciliation
  • Supported: Expense management
  • Supported: Time tracking
  • Supported: Multi-currency support
  • Supported: Electronic tax filing

Reporting & Analytics Features

  • Supported: Dashboards
  • Supported: Standard reports

Customization Features

  • Supported: Plug-ins

FreeAgent Video

Why not give FreeAgent a try?

FreeAgent Integrations

FreeAgent Competitors

FreeAgent Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

Frequently Asked Questions

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.

Zoho Books, Xero, and QuickBooks Online are common alternatives for FreeAgent.

Reviewers rate Dashboards and Accounts payable and Accounts receivable highest, with a score of 10.

The most common users of FreeAgent are from Small Businesses (1-50 employees).
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Comparisons

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Reviews and Ratings

(53)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

FreeAgent is a versatile accounting software that has proven to be an invaluable tool for freelancers and small businesses. Users rely on FreeAgent to streamline their client account management, time billing, invoicing, and overall accounting processes. It provides everything they need for financial management, including the ability to maintain accounts, run payroll, and submit VAT returns.

One of the standout features of FreeAgent is its user-friendly dashboard that keeps users up to date with essential business needs and tax positions. Sole traders find it to be an essential tool for tasks ranging from invoicing to VAT returns. By simplifying operations such as expense management, bill tracking, mileage allocation, and payroll, FreeAgent saves users valuable time and eliminates uncertainty about proper recording methods.

The software seamlessly links to HMRC for payroll reporting and personal tax submission, making it even more convenient for users. Small limited companies choose FreeAgent for its cloud-based accessibility and reasonable pricing. Its simplicity and the availability of an iOS app make accounting and business finance management easy and enjoyable.

Users highly praise the exceptional customer support provided by FreeAgent. They appreciate the software's combination of features like automatic chasing of invoices, bank account syncing, payroll management, time tracking, and easy expense management. With its self-assessment function and ability to manage and monitor a business's financial state efficiently, FreeAgent simplifies tax filing.

Additionally, FreeAgent offers valuable financial insights that reduce the need for accountants to chase for information. It is used across various business functions such as invoicing, bank account management, payroll processing, and estimates. Staff members use FreeAgent to track time, bills, and expenses on client projects.

FreeAgent not only streamlines accounting and invoicing duties but also frees up time to focus on other aspects of running a business. It is straightforward and simple to use for managing company accounts. Users find its payroll function highly praised for its ease of use as it links directly to HMRC for RTI.

Overall, FreeAgent is a hassle-free and cost-effective solution for managing accounts, making it an indispensable tool for freelancers, sole traders, and small businesses alike.

User-friendly Interface: Several users have praised the software for its easy-to-use and understand interface. They appreciate how straightforward it is to navigate through the different features and functionalities.

Efficient Invoicing: Many reviewers have found the invoicing feature of the software to be efficient and user-friendly. They highlight features such as automatic reminders for non-payment and clear visibility of account status for clients, which help streamline the invoicing process.

Time Tracking and Billing: A significant number of users have commended the time tracking and billing capabilities of the software. They find it helpful for accurately recording time spent on projects or client work, allowing them to invoice clients accordingly.

Cons:

  1. Limited functionality of smartphone app: Several users have found the newly introduced smartphone app to be quite restricting, suggesting that having a mobile responsive website would eliminate these restrictions and provide better accessibility.
  2. Lack of advanced features in reporting: Some users feel that the reporting on financials, time tracking, and project status is lacking in advanced features, limiting their ability to analyze data effectively and make informed decisions.
  3. Difficulty in linking bank transactions with expenses: A few users have mentioned occasional difficulties in linking bank transactions with expenses but appreciate the fast response from the support staff in resolving such issues, ensuring accurate accounting records.

Users highly recommend Free Agent as a tool that is easy to use and worth trying out. They mention the benefits of the free trial in their recommendations. Users also suggest that it is worthwhile to pay for the monthly plan due to the numerous advantages it offers. Small businesses and freelancers are specifically recommended to utilize Free Agent for their accounting needs. Additionally, users appreciate the intuitive interface, reliable customer support, and comprehensive features that Free Agent provides.

Attribute Ratings

Reviews

(1-22 of 22)
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Tim Edgeler | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Producing estimates/proposals and allowing you to easily convert them into invoices and then follow it all through to payment.
  • Keeping tabs of all my expenses and payments.
  • Producing the necessary documentation for VAT returns and Self Assesements.
  • I am looking forward to the Android app being launched.
  • Being able to produce more in depth proposals which aren't just itemised accounts would be great.
Linda Merrills | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Payroll
  • Vat and PAYE payment reminders
  • Time tracking
  • At a glance dashboard
  • Expenses
  • Self Assessment!!
  • Year end payroll reports
  • Better iPhone App (it's very new so hopefully will improve soon)
  • ability to add other company details to self assessment
Jason Dalton AICB CB.Cert PM.Dip | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Reseller
  • Invoicing is a breeze, with some very useful and user-friendly features to help manage late payers.
  • Bank feeds work perfectly, making bank reconciliation incredibly easy.
  • When unsure, and what makes FreeAgent stand well ahead of its competitors, is absolutely amazing support - fast, effective and just plain helpful beyond expectations.
  • There's very little FreeAgent doesn't do, but if you spot something it can usually be added or there is another way - remittance advices are one area I would like to see added.
  • The newly introduced smartphone app, like most other software provides in this market, is quite restricting. Having a mobile responsive website makes those restrictions disappear.
Gavin Percy | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Consolidation of bank accounts. Easy to use and hassle free.
  • Data feed from bank accounts. Easy to get your bank account details into the system.
  • VAT returns are very easy. Just put in your details and Free agent works it all out for you and sends it to HMRC for you too.
  • If your customer pays you for a number of invoices in one payment it is a bit tricky to sort out. Once you know how it is OK but I did have to use the help desk a couple of times
Eddie May | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • 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.
  • When explaining bank transactions it's necessary to click the 'More Options' to add a receipt number.
  • Perhaps receipt numbering could be automatic.
Rob Parkhill | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • 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!
  • Android Mobile App, but they are working on it
Anthony Stretten | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Great time management features for client projects.
  • Easy quote and invoice production.
  • 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.
Score 10 out of 10
Vetted Review
Verified User
  • Clear, straightforward UX and design. This is key for me for any web based programme that I use.
  • The ability to track your time against multiple clients makes it easy when you get to the end of month and the important area of invoicing!
  • Showing your profit and loss at any moment in time.
  • The ability to track your capital assets and the fact that it automatically depreciates them for you.
  • It would be great to get either email or text alerts for those key milestones e.g. submitting your VAT bill
November 11, 2015

fantastic software

Colin Clark | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Very easy to raise an invoice. Even one of my staff who hates IT can do it.
  • All my bank transactions are downloaded automatically. Makes checking banking very easy.
  • Not really found any yet. I'm most happy so far. Any problems - their help system is amazing.
Josh Hardman | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Invoicing and estimates are well structured, with built-in pay walls and automatic notifications on late payments. There are also automatic reoccurring invoices, reducing our monthly work load.
  • FreeAgent automatically pulls in our business bank account, allowing me to directly explain every transaction with invoices, payments, and more.
  • My accounts, on the go, anywhere. With FreeAgent being web-based, it means we can view our accounts anywhere, with no worries of data-loss. This is made easier with the new iOS app.
  • Client-specific email templates would be very useful.
August 19, 2015

Fantastic freeagent

Russell Greig MCIArb | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Live feed from bank accounts
  • Live feed and upload of self assessment tax returns
  • At a glance dashboard of outstanding invoices
  • Pay As You Earn (PAYE) software
  • More bespoke accounting categories based on particular industries
  • Quicker updating of tax return info
Maribel Pascual | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Customer Service is the best I have come across
  • The software is super easy to use and very user friendly
  • Reasonable prices and cloud based
  • I'd like to be able to save regular journeys and their mileage for speedier entry, besides that I can't think of a single thing!!!
Richie Morgan | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
  • Free Agent is great for creating professional invoices. If you use the system to manage projects, the invoicing system can automatically fill out any details required. Once completed, the invoice can be automatically emailed from your email address, then stored in the free agent system.
  • Setting up a bank feed or uploading invoices allows you to keep track of your bank accounts. The system automatically flags up unexplained transactions and allows you to explain and even attach receipts to particular transactions to be stored as expenses.
  • Out of pocket expenses can be entered on the move via a smart phone, a photograph can be taken of the receipt and uploaded into the FreeAgent system. The banking system can then link up any pay outs to the user who is out of pocket. Creating a neat expenses system.
  • The FreeAgent system is being constantly updated and improved thanks to the large team. There has maybe been a few occasions when I have tried to link a bank transaction with an expense and it hasn't allowed me to link a transaction manually. But the staff are very fast at helping out with any issues I've ever had
Nick Dye, MBA, FRSA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • VAT returns are filed electronically, after prompts and auto generated
  • RTI returns filed automatically for payroll
  • Prompts or future bills such as corporation tax, VAT payments etc
  • Investments such as stocks and shares or commodities
  • Sometimes it will guess account entries incorrectly and will always assume it knows which way you want to take money out of the company (dividend/expense/salary)
Alan Wright | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Importing and explaining banking transactions is a breeze, no more spreadsheets to battle.
  • I can now easily craft and send great looking estimates, quotes and invoices over to clients in moments via email.
  • Completing and filing my tax return has now become infinitely simpler as FreeAgent does most of the hard work for you.
  • When raising quotes or invoices for different people within the same company it can be a guessing game to select the correct person as only the company name is shown in the options not the company / person. To be honest there may be a solution but it hasn't bugged me enough yet to look for one (yet).
Iain Fergus | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Simple Invoicing - really easy to set up and send out with online payment integrations.
  • Bank Feeds - having transactions automatically feed in from my bank account is a great timesaver.
  • Expenses Tracking - simple process to keep track of expenses and receipts.
  • It would be great if you were able to manage transaction explanations on mobile.
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