Our final blog in this series is about FreeAgent Accounting Software. For businesses that are looking for an online solution to manage their finances.
FreeAgent has a wide range of features that will help all businesses from sole traders to SMEs, these are:
- You can send and easily track customised invoices and estimates to customers
- You can keep track of expenses and upload a photo of the receipt
- There are built-in timesheets and a stopwatch so you can track your time
- You can connect to your bank so you have real-time data
- The simple dashboard allows you to view your cash flow easily
- The data can help you to track performance and keep an eye on profitability
You can access FreeAgent on your desktop, iPad and mobile. This allows you to manage your finances when you are out of the office this is becoming more important for small businesses.
All data is kept securely and FreeAgent explains how they secure your data in detail, review their security features.
FreeAgent does have a UK based support team that is very good at offering advice during set-up and if you need more information. Your accountant should also be able to support you if they are familiar with using this software.
Over the past few weeks, we have covered three main types of accounting software; Xero, QuickBooks and FreeAgent. There are many more types of software out there which you can use. We suggest that before you make a decision you should take advantage of the free 30-day trial which most offer now. Plus discuss with your accountant as it will make it easier if you use a system that your accountant is familiar with as well.
If you need any advice and support whether you are planning to use accounting software for the first time or want to switch to another system please do give us a call. We are always happy to offer advice. You can call 01623 490 120 or email