Accounting Software
Freeagent Accounting Software
FreeAgent is an online accounting tool that puts you in control through taking the waffle out of accounting and giving you real-time visibility of how your business is performing. FreeAgent lets you manage your expenses and invoices, automatically chase payments, analyse bank statements, forecast tax and even submit VAT returns online to the HMRC. Any changes you make automatically update your accounts, showing your real-time profit position and forecasting your tax liabilities. FreeAgent puts you in control of your business finances all through the year and makes it easy to cooperate with your accountant or advisor.
FreeAgent is particularly suited to freelancers or contractors. You can organise expenses or income by project, and establish a budget for each to measure their profitability. But multi-user support, together with a time following feature, also makes FreeAgent an excellent project management tool for remote workers. Each user can log in and manage their own timesheets, while the project manager retains an overview of the entire project.
FreeAgent offers payroll features (employees are set up as users with no permissions to view or edit financial settings), but it lacks stock control. At least it does have a basic price list feature comparable to Xero’s inventory list, which lets you store items that can be added to quotes or invoices.
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