Sometimes, businesses go overboard on their expenses while trying to secure their finance. Therefore, they need to make budgeting so as to achieve pre-determined business goals.
Besides, bad budgeting caused by improper management or as a result of unforeseen events can obstruct up the business processes. Therefore, having a business budget enables business owners to secure the company’s finances and also to protect the finances in cases of unforeseen situations.
On the other, several business organisations use spreadsheets to keep track of their finances. While the implementation of spreadsheet budgeting method is redundant and time-wasting; there is also room for constant human errors which can cost businesses losses in the long run.
Therefore, there is a need for budgeting software to help business owners track their expenses, automate budgeting, and also provide accuracy in terms of incomes amongst other features.
However, FreeAgent budgeting software offers provide businesses with a whole new control of their finances that will help them to modernize their budgeting process while automating their business management processes.
What is FreeAgent?
FreeAgent budgeting software is a web-based budgeting software dedicated solely for business owners’ accounting needs. FreeAgent provides businesses with several account solutions ranging from budgeting, invoicing, statement issuing, receipts, expense management, VAT, payroll assistance, and tax return filing.
Ranked as UK’s top budgeting software, FreeAgent budgeting software automates budgeting workflow processes with top-notch accounting features.
FreeAgent budgeting software assists businesses most especially large enterprises in engaging their employees collaboratively. Therefore, employees or team members can assist each other in maintaining their expenses most especially while working on a team project. Also, users can easily collaborate with their business advisers or accountants while working remotely.
This budgeting software is automatically synced to update users account irrespective of the devices being used to access the platform. For instance, all income and expenses accrued are automatically reflected in real time on the user’s account. Therefore, business owners are provided with the perfect control, visibility, and real-time management of their income/expenses information.
With FreeAgent budgeting software, users can access the full scaled features on-the-go via their mobile devices. Hence, users can keep track of their accounting information, profits made, expenses incurred, and many more while working remotely from anywhere in the world.
FreeAgent budgeting software enables its users to work with unlimited clients, users, and projects on its platform. Therefore, the main admin can grant specific people certain access to work on the platform depending on their position in the company.
In addition, FreeAgent budgeting software is safe and secure with 256-bit SSL connections that will protect your business information most especially your budget information from prying eyes of your business competitors.
With over 60,000 customers worldwide, FreeAgent budgeting software provides users with an efficient platform to manage their account books, make a budget, automate invoices, etc with super speed. Also, FreeAgent seamlessly integrates with several business tools such as expenses, payment, finance, invoicing & quotes, CRM, project management, reporting & analytics, time tracking and appointments, integration platform, and many more.
Benefits of FreeAgent
Easy to Use
FreeAgent budgeting software provides users with an easy-to-use platform with identifiable icons for access tools. Therefore, users can navigate the platform while automating budget processes at their comfort zone without the need to hire a tech expertise or accountant.
Error-free, saves time and money
With FreeAgent budgeting software, employees can automate budgeting workflows while working on other business aspects which could be time-consuming. Besides, FreeAgent is not prone to error, unlike manual budgeting process which could enable human errors or omissions.
Additionally, FreeAgent offers premium quality service but its cost are a lot cheaper when compared with other budgeting software. Hence, a business that adopts FreeAgent is provided with a cost-effective solution for account books management, budgeting, financial management, and many more.
Exceptional expense tracker
FreeAgent enables users to track their expenses even while on-the-go. For instance, FreeAgent users can snap a picture of their receipt with their mobile phone and upload it to their FreeAgent account without the need to manually record their expenses.
In addition, FreeAgent budgeting software also enables users to customize their list of expense categories which can then be used to build accurate accounts.
Efficient tax management
FreeAgent budgeting software helps out users with tax preparation and management by providing them with IRS and several tax options.
For instance, FreeAgent users can access the journal entries, copy the tax preparation totals and paste it in the access tax return; hence, users can pull out their debit and credit reports from their account at the end of the month.
With FreeAgent budgeting software, businesses can easily prepare and manage their taxes without hiring tax experts or external accountants to prepare their business tax.
Effective payment system
FreeAgent budgeting software makes payment a whole lot easier due to its integration with several payment gateways such as PayPal, Sellwire, and Stripe. This enables businesses to make and receive payments from international clients efficiently.
Exceptional customer support
FreeAgent budgeting software offers their users vast resources for handling technical issues related to the platform. For instance, FreeAgent users get access to the knowledge base, webinars, FAQs, video tutorials, and many more for further enquiries on utilizing FreeAgent features. Also, FreeAgent provides business owners in the UK with a database of accountants for handling their accounting needs.
Key features of FreeAgent budgeting software
Intuitive user interface
FreeAgent comes with a user-friendly interface that makes it easy for new users to identify its tools for various accounting processes most especially budgeting. For instance, the main dashboard also known as the overview was specifically designed to give users the feel financial strength.
The main cash flow chart is well detailed to help users view their last transactions based on periods within three months, six months, and twelve months. Besides, users can also download a copy for printing in order to make further analysis.
The dashboard, on the other hand, provides users with quick access to business financial phases such as invoices, time slips, receipts issued, estimates, projects, and most especially budget limit.
Advanced Expense Management
With FreeAgent budgeting software, all expenses incurred are categorized using currency, projects linked, and amount as the metrics. Hence, the expenses are then recorded after the invoice has been paid.
Just like a financial institution, FreeAgent users are recommended to log in and upload the bank statements on the platform which can then be used for financial reporting. However, users who linked FreeAgent budgeting software to their bank feeds do not require to manually upload their bank statements on the platform.
Automated Bank Feeds
FreeAgent budgeting software can be synced with online bank accounts so as to automatically import bank transactions which are then used for account reporting.
Some of the popular banks that can be synced with FreeAgent include Allied Irish Bank, Bank of New Zealand, Barclays, Commonwealth Bank, Credit Mutuel, and many more.
In addition, users can also upload their bank statements in several file formats such as CSV, QIF, and OFX.
With FreeAgent budgeting software, business owners or managers can keep tracks of all their contacts in the clients’ base.
FreeAgent budgeting software provides users with a single-click option to save clients’ contact while entering their details in items such as custom notes, billing notes. Therefore, there is no need for requesting for clients contact information or sorting through payment history for clients details for their contacts.
Hence, clients’ contact information can be exported for use on external platforms for marketing, CRM, and other business purposes.
FreeAgent budgeting software provides users with simple and professional invoice templates to meet up with their business requirements. Also, FreeAgent makes it easy for users to manually create their invoice and also to send it as well.
For instance, business logos and headers can be added and removed depending on the users’ preference on the invoice. Also, reminders can be set up for recurring invoices using invoice numbering based on the projects done and the contacts included.
Businesses can set different currency for each invoice so as to enhance which can then be sent to international clients. With FreeAgent, businesses can automate invoices using the real-time exchange rate value for clients in another geographical location with different currencies.
With FreeAgent budgeting software, users can manage their finances while on-the-go with their mobile devices. This budgeting software comes with iOS and Android applications which provide users with a comprehensive overview for managing their finances.
Therefore, FreeAgent mobile users can track time, create/send invoices, track cash flow, capture receipts and create expenses, and many more.
Other notable FreeAgent budgeting software features include:
- Balance sheet
- Convert estimates into invoices, or projects and tasks
- Corporation tax forecasting
- Dividend reports and printable dividend vouchers
- Employee expenses
- Live Profit and Loss
- Manage billable / unbillable time
- Overview dashboard
- Payment links on invoices
- PDF conversion
- Profit and Loss statements
- Project management
- Simple payroll
- Task management
- Time tracking
FreeAgent budgeting software offers a single universal plan which caters to business budgeting needs.
Here is the pricing plan for FreeAgent:
Universal Plan – $10/month for 6 months, then just $20/month
- 24/7 FreeAgent support
- Free 30 days usage
- Multi-currency invoicing & sales tax reporting
- No contract or setup fees
- Unlimited features
Note: New FreeAgent users can pay upfront and get the first 12 months at the cost of $5. Afterwards, users will get 12 months for the cost of $10.
Supported devices: Web-based, Windows, Android, Mac, iOS.
Locations serviced: Australia, United Kingdom, Canada, United Kingdom.
Pricing model: Monthly payment.
Supported Languages: English
Typical Users: Freelancers, Small and Mid Size Businesses
Integrations: Barclays Data Services, Basecamp, Capsule CRM, Check Business, Contactzilla, Cushion, Cyclr, DebtCase, DoubleAgent, Expiration Reminder, Float, Forecast, Fractal, Kagazz, MobileAgent, PayPal, PieSync, Planscope, Receipt Bank, Revolut, Rydoo, Satago, Sellwire, Senddr, Slips, Stripe, Tide, Time Tracking Widget, Timestamp, Zapier.
API Availability: Yes, FreeAgent with an available API.
Deployment: Cloud Hosted