FreeAgent - great bookkeeping software for small businesses
October 31, 2024

FreeAgent - great bookkeeping software for small businesses

Magda Jaworska | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with FreeAgent

I use FreeAgent on a daily basis, reconciling the bank accounts of our clients and keeping the books up to date. It helps me ensuring that I have up to date information about my clients and I don't need to worry about making backups of the data. It helps me also that I can do this work from anywhere in the world, especially when I travel for longer period of time, or when I need to work from home.

Pros

  • Bank reconciliation
  • Trade debtors
  • Taking payments from clients
  • Multicurrency support
  • Exporting data to TaxCalc

Cons

  • Multi-level reporting with many subcategories
  • Stock control
  • Purchase orders and approval process of purchase invoices
  • Link with our payroll provider, 12cloudpayroll.com
  • Considering it is a free software the ROI goes to infinity!
  • It gave us a good control over our clients.
  • It reduced the time to prepare the final accounts.
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.
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 accounts and tax return production.

Do you think FreeAgent delivers good value for the price?

Yes

Are you happy with FreeAgent's feature set?

Yes

Did FreeAgent live up to sales and marketing promises?

Yes

Did implementation of FreeAgent go as expected?

Yes

Would you buy FreeAgent again?

Yes

It is a very good software and free to use for [...] bank customers. It is suitable for most of our small business clients, for both sole traders and limited companies. We are also implementing FreeAgent for landlords and it is very useful in this regard as well. More complex businesses may find the features to be little bit limited.

FreeAgent Feature Ratings

Accounts payable
9
Accounts receivable
9
Cash management
9
Bank reconciliation
9
Expense management
9
Time tracking
9
Multi-currency support
10
Electronic tax filing
9
Dashboards
8
Standard reports
8
Plug-ins
9
Not Rated

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