FreeAgent

The best part of the freeagent is it supports unlimited number of user’s clients, accounts, invoices and projects. With this simple online accounting software, you can create and email your first invoice within short period of time. You can also use FreeAgent to track time, expenses and mileage. It produces monthly cash flow through reports so you can monitor where your money is spending. Another best part is it has multi-language and multi-currency support which most of the accounting software don’t have this. It’s a user friendly accounting software and it has very good support from the developer team. It has built in facility to guide the process of double entry and explains well to the maximum extent. It can be customized on the requirements of the user’s. User interface is very interactive User can get the experience on it by the minimum amount of training given by trainer. It provides all the required accounts with affordable price. Business can get maximum features in very limited amount.

The application does not support the feature of the ability to track documents or assign tasks and it does not provide mobile phone specific apps. It would be a better app if it could integrate with the CRM. It does not handle the subcontractor. It does not define the expenses and incomes to subcontract level, that’s mean one can’t drill down to the original transaction. As for this it’s unable to find a correct cost and expenses against a sub contract. It does not have the facility to search the bank accounts and its associated transactions. Freeagent is unable to cater the payroll system and the company faces the problem in deciding the actual Salaries for the Labors. It does not have all the functionalities that an accounting system should have. So sometimes it’s difficult to make reports according to manager’s needs. . It does not have the functionality of Forecasting and Budgets. It is a bit expensive than any other accounting software as its cost is around 24$ per month while one of its competitor’s software is 9$ per month. This software is bit expensive for small sized businesses

Overall it’s good software for the business which can afford to pay the amount on monthly basis. FreeAgent is an ideal solution for freelancers, contract workers or partnerships businesses. It invoices, tracks payments, monitors projects and facilitates collaboration. This online accounting software can track time, mileage and expenses .It supports unlimited invoices, customers, vendors etc. An accounting software should have the functionality of Forecasting depending upon the previous data entered into the system.