FreshBooks makes it quick and easy to create professional invoices, get paid quickly, and track down past-due payments, but that just scratches the surface of what it can do. With competitive pricing, robust invoicing capabilities, and other accounting features, FreshBooks is the best accounting software for invoicing.
Getting paid on time is a big pain point for small businesses. Remembering to bill clients, let alone chase down past-due bills, can quickly fall by the wayside as you focus on running your business. FreshBooks accounting software removes a lot of those challenges, with its feature-rich invoicing capabilities.
Take the creation of invoices, for example. With FreshBooks, you can create professional invoices customized with your logo and message. Clients can opt to pay their bills through the invoice, reducing the time it takes to get paid.
Do you have clients who tend to pay late? FreshBooks lets you create reminders and send alerts to customers when bills are due or past due. It also monitors the status of invoices after you send them, alerting you when customers receive and view them. With FreshBooks' invoice generator, you can add tracked time and expenses to invoices.
Invoicing features aside, FreshBooks has a lot of features small business owners will appreciate. Using the cloud-based accounting program, small business owners can track the time they spend working on a project, connect a bank account and credit card to eliminate the need for manual entries, and benefit from automatic updates. Customers can also snap a picture of a receipt and log it while they are on the go. FreshBooks' Premium and Select plans now use double-entry accounting – which is a significant upgrade to the software – and allow you to create a chart of accounts and run new reports, such as a general ledger, balance sheet, and trial balance. If you have an accountant, you can easily invite them to your FreshBooks account in a few clicks.
FreshBooks also stands out on the reporting front. You can run profit and loss reports, sales tax summaries, accounts aging and expense reports, invoice details, payment collected, and time-entry details. After running reports, you can email them, print them or export them to Excel.
FreshBooks supports more than 80 apps and integrations, allowing you to connect this accounting software to other business services and systems you may already use. If you have a larger business and want several users to access your account, FreshBooks may get pricey. However, for most small businesses that send a lot of invoices, FreshBooks is a standout.