FreeAgent

FreeAgent

FreeAgent has been voted the UK's #1 accounting software app

4.4/5 (118 reviews)

FreeAgent Overview

Join over 75,000 small businesses in the UK using FreeAgent to manage their finances! Our award-winning cloud accounting software brings together invoicing, time tracking, expenses, MTD-compliant VAT, Self Assessment and more!

LINK YOUR BANK ACCOUNT
FreeAgent supports thousands of bank feeds around the world! Link your bank account with FreeAgent and watch your transactions automatically appear in your FreeAgent account. As well as giving you a real-time overview of your cash flow, this helps us automatically populate around 90% of the sole trader Self Assessment tax return for you!

IOS & ANDROID APPS
Manage your business on the move with FreeAgent’s iOS and Android apps – perfect for snapping photos of receipts on the go and whipping up estimates in an instant. Our customers tell us that they love being able to record mileage when they’re out and about, as well as being able to keep tabs on the performance of their businesses no matter where they are!

MAKING TAX DIGITAL
FreeAgent has you covered for Making Tax Digital; we’ve been submitting digital VAT returns to HMRC on behalf of our customers since 2010! FreeAgent is also proudly on HMRC’s list of compatible software suppliers for MTD for VAT.

WE’RE HERE TO HELP
We’re proud to have over ten years of experience helping small businesses flourish, and we offer resources like online guides, articles and weekly webinars on everything from decoding tax legislation, to running payroll. Our award-winning (and much loved!) support team are located in our HQ, in the heart of Edinburgh.

ACCOUNTANT-FRIENDLY
FreeAgent is also ideal for small businesses working with accountants. Our Practice Dashboard gives your accountant a real-time view of your finances at the click of a button. The days of sifting through piles of invoices and receipts are over – for both you and your accountant!

WE KEEP YOUR DATA SECURE
We’re committed to protecting your personal and financial data, using multiple layers of security. All of the data in your FreeAgent account is backed up several times an hour to our secure server so your data is safe and sound.

Pricing

Starting from
$20.00/month
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Australia, Canada, United Kingdom, United States

Supported Languages

English

FreeAgent Reviews

Overall rating
4.4/5
86% positive reviews
72
Excellent
29
Very good
10
Average
3
Poor
4
Terrible
Richard B.

Great for small business that want their weekend back

Used Daily for 2+ years
Reviewed on 10/2/2019
Review Source: GetApp

I've gone from from a struggle one man band that worked all day and did the paperwork each evening, to having time to spend with the family, and being able to see what I ned to pay to HMRC and when, and I can now see that sending out my invoices in good time, means that the customers are paying me, so the stress levels have gone down so much.

Pros

I no longer have to nominate which computer is the one that the accounts is on.
I can open a web browser on the PC in my home office and enter my hours, mileage, upload photos of receipts, automatially let it reconcile the bank and credit card statements, and let it get on with doing the calcuations.
I no longer have to set aside a weekend each month for doing invoices and expenses.
or the last weekend of each quarter for doing the VAT return
or various days of the last month of each financial year for doing the annual return.

Cons

Now that the company has made enough money to be able to purchase three cars, it would be nice if the mileage drop down had options for company owned vehicles and the AFR mileage rates, but it only has AMAP rates for personally owned bike, motorcycle or car.

Rating breakdown

Ease of Use

Likelihood to recommend

9.0/10
David S.

Essential accounting software for any growing business

Used Daily for 2+ years
Reviewed on 2/21/2018
Review Source: Capterra

Pros

We've been using Freeagent for over 5 years. In that time frame my company has grown from being a sole-trader to an incorporated limited company with employees. To say that Freeagent has helped facilitate that growth would be an understatement.

We now use Freeagent for our VAT submission (saving us £200pq accountants fees), Payroll (saving us £10pm per employee), Sending out client estimates/invoices, and what we originally bought it for... Book keeping and accounting.

We have Freeagent connected to our bank feeds, meaning we are only ever 24hrs out of date with our live bank accounts. This is now a common practice with similar software, but for us it came just at the right time.

Their team of inhouse accountancy experts is also an incredible resource that we use around once a quarter, or whenever something new crops up that we might need some help with. We still use the skill of an account for filing our end of year accounts, but we could even do this with free agent.

Cons

The one thing that has been a niggle like a tiny pebble in your shoe, or scratch on the roof of your mouth, is that you cannot send a remittance! Many people have requested this functionality but it has largely been ignored by the freeagent team. I have no idea whether it is a technical or philosophical reason they've just not engaged with it... If they did implement this functionality it would pretty much make it perfect for my companies needs.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Emanuele F.

Overall

Used Daily for 2+ years
Reviewed on 2/19/2018
Review Source: GetApp

Pros

Overall experience is good. It allows to better organised both my bookeeping but as well my employee work due to its usability. Love as well the API integration that allow me to create custom analysis.

Cons

Too much focus on UK client. We are an Italian company and some of the functionality available for UK are really complex to achieve for us and required workaround.
Billing only in 1 currency is crazy, why do you have invoice in multiple currency but billing cannot be done? It should be a simple addition to make but it has been year that people asked for this and still not implementation.
Country specific payroll. Although I am aware it will be impossible to enable payroll for every country out of the box why don't allow customer to customized the payroll functionality to meet payroll requirements or add important deadline for taxing purpose.
Even the export functionality can be improve and should be added to every areas from timesheet to bill, from invoice to expense with filter that allow you to specify the data you want to export.
VAT calculation for Intrastat - due to the internationalisation of business should be easier to export only bill and invoice that are related to country outside your normal business area.
What about language package? Again if not possibile provide an LDK that allow client to customize the interface.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

7.0/10
Anne W.

Makes bookkeeping easy for a novice, and still keeps an accountant happy

Used Weekly for 1-5 months
Reviewed on 1/2/2018
Review Source: Capterra

Saves me a whole lot of time, and helps me keep clear records for my accountant.

Pros

At the moment it's free through my business banking account - I tried it because of this but it would definitely be worth paying for. I am relatively new to running a business and the software is very intuitive for a novice. My accountant is pretty happy with it too, so that's a big thumbs up!

It makes invoicing and payment of exenses very easy, and is great for keeping track of money coming in/out and keeping an eye on invoices due for payment.

Payroll is incorporated (you can file it with HMRC through FreeAgent or let your accountant do it separately).

I also like the fact that it reminds me when my corporation tax and annual accounts are due.

In a few clicks I can see my profit & loss account and my trial balance as well as spend in the different (customisable) categories. Really helps me keep on top of everything.

The Android app is also great for reconciling payments and recording expenses on the move.

The help files are fantastic, and the clear accounting descriptions and explanations make them a great resource for a small business even if you don't use the software.

Cons

Exporting information is a bit tricky in some areas - you can get a pdf out quite easily but an xls or csv would be more useful (you can export the entire company dataset as a csv, but not filtered individual elements such as unpaid expenses or balances within individual accounts). In some cases you can get round this by cutting and pasting, but it's a bit fiddly.

Exporting all company data does not export attachments - so you need to keep a separate copy of scanned receipts etc outside FreeAgent.

It is one of the more expensive cloud accounting software packages out there, but I have looked at a whole range and you can't beat the functionality, so that's what you are paying for I guess!

Response from FreeAgent Central

Hi Anne,

Thank you for taking the time to leave us a review. It's great to hear about the features you like using and we really appreciate your positive feedback.

I'm also pleased to say that we are currently working on improving our exporting data feature, which will be released very soon.

Thanks again for using FreeAgent, we really appreciate it!

All the best,
The FreeAgent Team

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Verified Reviewer

Highly recommended

Used Daily for 1+ year
Reviewed on 8/8/2019
Review Source: Capterra

Pros

I got access to this software FREE of charge through banking with RBS. Having previously used Xero for our book-keeping, I found it had the same great functionality but a much slicker design. It's simplicity and ease of use is the best thing going for it.

Cons

Had some issues at the beginning with connecting our bank feeds but this was sorted out quickly by the team at FreeAgent - can't think of any real faults with the software.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

FreeAgent Pricing

Starting from
$20.00/month
Pricing options
Free Trial
Subscription
Value for money

Right now, you can get 50% off FreeAgent for your first 6 months if you're a new subscriber.

Pay as you go every month or pay annually and get 12 months for the price of 10.

All plans include as many users, clients and projects as you want, at no extra cost.

The first 30 days are free and no credit card is required. There are no set-up fees of any kind and you can easily cancel your account at any time.

FreeAgent Features

  • API
  • Accounting Management
  • Activity Dashboard
  • Billing & Invoicing
  • Invoice Management
  • Invoice Processing
  • Workflow Management

  • Accounting Integration
  • Auditing
  • Automatic Notifications
  • Compliance Management
  • Customizable Reporting
  • Data Import/Export
  • Electronic Payments
  • Expense Tracking
  • Financial Analysis
  • Multi-Currency
  • Real Time Data
  • Reporting & Statistics
  • Third Party Integration

Additional information for FreeAgent

Key features of FreeAgent

  • Accountant access
  • Aged debtor and creditor reports
  • Automatic bank feeds
  • Balance sheet
  • Balance sheet
  • Beautiful Invoice templates
  • Cash flow management
  • Convert estimates into invoices, or projects and tasks
  • Corporation tax forecasting
  • Customizable template branding
  • Dividend reports and printable dividend vouchers
  • Employee expenses
  • Estimate templates
  • Estimates & invoices
  • Expense tracking
  • Expense tracking & management
  • Fill & file self assessments straight to HMRC
  • Invoice timeline
  • Live Profit and Loss
  • Manage billable / unbillable time
  • Multi-currency invoicing
  • Multi-language
  • Overview dashboard
  • PDF conversion
  • Payment links on invoices
  • Profit and Loss statements
  • Project management
  • Project management
  • Recurring invoices
  • Referral scheme
  • Send estimates and proposals
  • Simple payroll
  • Snap and upload receipts
  • Submit VAT return in one click
  • Sync between devices
  • Task management
  • Tax timeline
  • Time tracking

Benefits

Getting started is easy
* FreeAgent is cloud-based so there is no software to download/install
* You can have unlimited users and unlimited transactions on your account
* Friendly, experienced Support Accountants are available to answer any queries on using FreeAgent and host Getting Started webinars and one-to-one calls

Main Features
* Create beautiful, customisable invoice with payment links so your customers can easily pay you online
* Chase up late-paying clients with automated invoice reminders and send thank you emails once an invoice has been paid
* Simply snap a pic of an expense receipt with your phone and upload it into your account
* Enter timeslips or use the built-in stopwatch to accurately record every last minute of your time as you work
* Intuitive design makes it quick and easy to keep on top of day-to-day bookkeeping

UK version
* Export key tax dates from FreeAgent to your calendar so you can always stay on top of what you owe the taxman and when you owe it
* Fill and file your Self Assessment tax return if you're a sole trader or limited company director
* See your forecasted Corporation Tax liabilities with the unique FreeAgent Tax Timeline
* Submit your VAT return directly online to HMRC from FreeAgent in a simple click
* FreeAgent supports the UK’s VAT flat rate scheme, and calculates VAT on either an invoice or cash basis

US Version
* FreeAgent supports Sole Proprietor, Partnership, Limited Liability Company and C-corp and S-corp business types
* Supports 1040 Schedule C worksheet for sole proprietors
* Custom sales tax rate for invoice and estimate items

Universal version
* Supports sales tax reporting
* You can define your sales tax rate and there is also support for compound sales taxes (second sales taxes that are worked out on an amount including a first sales tax)

Integration

FreeAgent continually collaborates with other businesses to add new apps that bring all of your business admin together. For example, your PayPal, Dwolla and GoCardless payments can all be updated in your accounts automatically through FreeAgent's integrations.

FreeAgent FAQs

Below are some frequently asked questions for FreeAgent.

Q. What type of pricing plans does FreeAgent offer?

FreeAgent offers the following pricing plans:

Starting from: $20.00/month

Pricing model: Subscription

Free Trial: Available

Right now, you can get 50% off FreeAgent for your first 6 months if you're a new subscriber.

Pay as you go every month or pay annually and get 12 months for the price of 10.

All plans include as many users, clients and projects as you want, at no extra cost.

The first 30 days are free and no credit card is required. There are no set-up fees of any kind and you can easily cancel your account at any time.

Q. What are the main features of FreeAgent?

FreeAgent offers the following features:

  • Accountant access
  • Aged debtor and creditor reports
  • Automatic bank feeds
  • Balance sheet
  • Balance sheet
  • Beautiful Invoice templates
  • Cash flow management
  • Convert estimates into invoices, or projects and tasks
  • Corporation tax forecasting
  • Customizable template branding
  • Dividend reports and printable dividend vouchers
  • Employee expenses
  • Estimate templates
  • Estimates & invoices
  • Expense tracking
  • Expense tracking & management
  • Fill & file self assessments straight to HMRC
  • Invoice timeline
  • Live Profit and Loss
  • Manage billable / unbillable time
  • Multi-currency invoicing
  • Multi-language
  • Overview dashboard
  • PDF conversion
  • Payment links on invoices
  • Profit and Loss statements
  • Project management
  • Project management
  • Recurring invoices
  • Referral scheme
  • Send estimates and proposals
  • Simple payroll
  • Snap and upload receipts
  • Submit VAT return in one click
  • Sync between devices
  • Task management
  • Tax timeline
  • Time tracking

Q. Who are the typical users of FreeAgent?

FreeAgent has the following typical customers:

Freelancers, Small Business

Q. What languages does FreeAgent support?

FreeAgent supports the following languages:

English

Q. What type of pricing plans does FreeAgent offer?

FreeAgent has the following pricing plans:

Subscription

Q. Does FreeAgent support mobile devices?

FreeAgent supports the following devices:

Android, iPhone

Q. What other apps does FreeAgent integrate with?

FreeAgent integrates with the following applications:

Bitium, Capsule, Clevertim, Float Cash Flow, Google Drive, Receipt Bank, Rydoo, Satago, Stripe, Zapier

Q. What level of support does FreeAgent offer?

FreeAgent offers the following support options:

FAQs, Knowledge Base, Online Support, Phone Support, Video Tutorials