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FreeAgent - Brilliant for helping me run my buisness
December 14, 2017

FreeAgent - Brilliant for helping me run my buisness

Vince McConville | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with FreeAgent

I currently use FreeAgent to manage my invoicing, expenses, bills, mileage, payroll and allocating time against projects. It has made doing thee operations so much easier giving me time to focus on other aspects of the business. I particularly like the way it links into the HMRC to report my payroll through RTI and the way it can report and submit my personal tax.
  • Time recording against projects
  • Great overview of financial position of business
  • Automatic creation of dividend vouchers
  • More links to third-party software needed
  • Has freed up a lot of time based on my previous system of managing my invoicing and accounts through Word and Excel
  • I have an accurate day to day handle on the financial position of my business so I can manage my cashflow better
  • The inbuilt time recording against projects has saved time in creating the invoices but also tracks my profitability on the work I do
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.
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.

FreeAgent Feature Ratings

9.6
Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
10
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
9
Self-service portal
9
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
8
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
8.0
Pay calculation
8
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
9.5
Dashboards
10
Standard reports
9
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
8.0
Role-based user permissions
8
Single sign-on capability
Not Rated