If you’ve been looking for a capable accounting software, then chances are you’ve heard about Freshbooks.
It’s probably been recommended to you as an alternative to Quickbooks Online, which is another popular accounting and invoicing software.
But how much does Freshbooks cost exactly? Is it a good accounting software for small business owners and self-employed workers? Is it truly as cost-effective as people say it is?
Fret not, because we’ve done the research for you. In this article, we’ll break down how much does Freshbooks cost, as well as the different benefits that entail each of the pricing plans.
Freshbooks Pricing Plans
Now, let’s delve into the different pricing schemes you can choose from on Freshbooks. There are 3 standard Freshbooks pricing packages and one customizable package.
The best thing about each package is that the price gets discounted when you choose to pay for it annually. Freshbooks offers up to 10% off the total price if you pay yearly.
Bonus: If yearly payments are still too much for you, you can try out its special 6-month scheme. There is also a discount offered if you choose this. You’ll get up to 60% off.
And much like Quickbooks Online, Freshbooks has a variety of tools and settings you can use to get started on time-tracking and accounting tasks for your small business.
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Freshbooks Lite Plan
As this is the most affordable plan, Freshbooks offers basic accounting software and management tools. It rivals that of Quickbooks since it offers useful tools and benefits at a low price.
Freshbooks Lite is a good choice if you’re still starting out and just want a feel of what to expect from an online or cloud-based accounting software.
Monthly: $6 per month
Yearly: $108 per year (approximately $4.50 per month)
Client Features
- 5 billable clients
- Client profile and account creation
- Option to store credit card information
- Self-service client portal
- Accumulable credits for clients
- Automated recurring invoices
Billing Features
- Create unlimited estimates
- Make unlimited, customizable invoices
- Schedule notifications for late fees
- Automate late payment reminders
- Receive deposits
- Tools for project management, billing, and budgets
Payment Features
- Can accept credit cards for payments online
- Capable of doing ACH bank transfers within the US
- Shareable checkout links to collect payment
Business Features
- Unlimited tools to track time and expenses
- Bank-importing automation
- Recording of mobile mileage
- Reporting of tax time records
- Regular business health tracking
- Performance summary on dashboard
Optional Add-Ons
- Additional team members at $10 per month, per member
- Usage of Gusto Payroll software
Freshbooks Plus Plan
This mid-tier plan is the most popular choice among many Freshbooks accounting software users. The Freshbooks Plus Plan offers more customizable settings to help you accomplish accounting tasks with ease.
The Freshbooks Plus Plan is recommended for small businesses that are improving gradually. We urge you to choose this payment scheme if your business has plenty of potential for growth.
Monthly: $10 per month
Yearly: $180 per year (approximately $7.50 per month)
Client Features
- 50 billable clients
- Client profile and account creation
- Option to store credit card information
- Self-service portal for clients
- Accumulable credits for clients
- Automated recurring invoices
Billing Features
- Create unlimited estimates
- Make unlimited, customizable invoices
- Schedule notifications for late charges
- Automate late payment reminders
- Receive deposits
- Tools for project management, billing, and budgets
- Unlimited creation of proposals
- Option for client retainers
- Cloud-based accounting and expense-tracking
Payment Features
- Can accept credit cards for payments online
- Capable of doing ACH bank transfers within the US
- Shareable checkout links to collect payment
Business Features
- Unlimited tools to track time and expenses
- Bank-importing automation
- Tracking of mobile mileage
- Reporting of tax time records
- Regular business health tracking
- Performance summary on dashboard
- Options for double-entry accounting (e.g., trial balance, general ledger, chart for accounts, etc.)
- Easy bank reconciliation for accurate financial records
- Consultation with a designated accountant
Optional Inclusions
- Advanced payments priced at $20 per month
- Additional team members at $10 per month, per member
- Usage of Gusto Payroll software
Freshbooks Premium Plan
Freshbooks offers a premium-tier plan if you are looking for more advanced tools for managing small businesses. Plus, if you choose to pay it annually, it’ll only cost you as low as $15 per month.
The Freshbook Premium Plan is best for a small business owner that is ready to take the next step and upscale his company.
Monthly: $20 per month
Yearly: $360 per year (approximately $15 per month)
Client Features
- Unlimited billable clients
- Client profile and account creation
- Option to store credit card information
- Self-service client portal
- Accumulable credits for clients
- Automatic recurring invoices
- Customizable email templates and signatures
- Option for automated client emails
Billing Features
- Create unlimited estimates
- Make unlimited, customizable invoices and accounting reports
- Schedule notifications for late fees
- Automate late payment reminders
- Receive deposits
- Tools for project management, billing, and budgets
- Unlimited creation of proposals
- Option for client retainers
Payment Features
- Accepts credit cards for online payments
- Capable of doing ACH banking transfers within the US
- Shareable checkout links to collect payment
Business Features
- Unlimited time-tracking tools
- Unlimited expense-recording
- Bank-importing automation
- Recording of mobile mileage
- Reporting of tax time records
- Regular business health tracking
- Performance summary on dashboard
- Options for double-entry accounting (e.g., trial balance, general ledger, chart for accounts, etc.)
- Easy bank reconciliation for accurate financial records
- Consultation with a designated accountant
- Analysis of project profitability and feasibility
- Creation of accounts payable ledgers
Optional Inclusions
- Advanced payments priced at $20 per month
- Additional team members at $10 per month, per member
- Usage of Gusto Payroll accounting software
Freshbooks Select Plan
If none of the mentioned pricing plans satisfy you yet, then you still have one last choice. Like Quickbooks Online, Freshbooks offers a customizable plan for bigger companies and businesses.
Freshbooks Select gives you access to special accounting settings that are perfect for managing larger teams and groups. You can even forego the typical Freshbook watermarks that you get when sending out emails.
But what we love the most about this Freshbooks plan is that you’ll get a dedicated account manager with who you can discuss all your invoices, estimates, and proposals. It’s a good way to openly discuss any preferences you have with the way your books and ledgers should be accounted for.
Price
This plan also has customizable pricing and cost, so there’s no set price. Freshbooks offers prices that are tantamount to the Freshbooks features you’ll avail of.
That means that you’ll surely get what you pay for! It’s another good way to budget your business expenses and spendings.
All that being said, we reiterate that this Freshbooks plan is perfect for large-scale businesses and companies that need reliable accounting software.
Apart from all the basic Freshbooks accounting tools, it also gives you other options for processing invoices and billing.
Still unsure about committing to this plan? You can also request a demo and demonstration from the Freshbooks team. You can call the team at 1-888-674-317 or book a session at https://calendly.com/acq-ae.
Client Features
- Unlimited billable clients
- Client profile and account creation
- Option to store credit card information
- Self-service client portal
- Accumulable client credits
- Automated recurring invoices
- Customizable email templates and signatures
- Option for automated client emails
- Removable Freshbooks watermark on emails
Billing Features
- Create unlimited estimates
- Make unlimited, customizable invoices and accounting reports
- Schedule notifications for late fees
- Automated late payment notifications
- Receive deposits
- Tools for project management, billing, and budgets
- Unlimited creation of proposals
- Option for client retainers
- Discounted transaction fees (lower rates per transaction)
- Subscription-type payment schemes
- Can accept credit payment via phone support
- Option to save credit card information for repeated payments
- Automatic billing on client credit and debit cards
Payment Features
- Can accept payments via credit
- Capable of doing ACH banking transfers within the US
- Shareable checkout links to collect payment
Business Features
- Unlimited tools to track time
- Unlimited expense-recording
- Bank accounts and importing automation
- Recording of mobile mileage
- Reporting of sales tax time records
- Regular business health tracking
- Performance summary on dashboard
- Options for double-entry accounting (e.g., trial balance, general ledger, chart for accounts, etc.)
- Easy bank reconciliation for accurate financial records
- Consultation with a designated accountant
- Analysis of project profitability and feasibility
- Creation of accounts payable ledgers
- Inclusion of 2 team member accounts
- Dedicated account manager
- Onboarding sessions and services
- Data migration tools
Other Inclusions
- Advanced payment fees are part of the package cost
- Additional team members at $10 per month, per member
- Usage of Gusto Payroll software
Frequently Asked Questions on Freshbooks Pricing
#1 Can I get Freshbooks for free?
Freshbooks doesn’t have a free plan if that’s what you’re looking for. It does, however, have a 30-day free trial that you can avail of when you first sign up.
The free trial will take effect once you’ve confirmed your account and finished signing up. With it, you can access essential time-tracking and accounting software features.
#2 How long does the free trial last?
The free trial lasts for 30 days from the moment you sign up to Freshbooks. Once the 30-day free trial ends, you will have to avail yourself of one of the paid plans to continue using Freshbooks.
#3 Is my data encrypted on Freshbooks?
Yes, all data you submit to Freshbooks is securely encrypted. Whether it’s your number of clients, profit and loss, invoices, expenses, or card information, Freshbooks assures optimal security.
This is why all Freshbooks users can safely store their payment information on the website. It’s useful for repeated payment and subscription schemes.
The data encryption also assures all users of confidentiality in dealing with their income and losses.
#4 Can I use Freshbooks on my phone or tablet?
Yes, you can use your phone to access Freshbooks since it has a mobile app. Freshbooks mobile is just as capable and complete as its desktop counterpart.
The mobile app is also compatible with all tablet devices at the same price per month. Freshbooks also regularly updates its mobile app to ensure no bugs or issues.
#5 Does Freshbooks offer customer support?
Yes, much like Quickbooks, Freshbooks has a dedicated online support team that you can contact.
If you encounter any issues with the platform or just need help with navigating the software, then you can reach out to the Freshbooks team via email or phone number.
Email: support@freshbooks.com
Phone: 1-866-303-6061
Plus, Freshbooks also has an online database that answers frequently asked questions (FAQs) at https://support.freshbooks.com/hc/en-us.
Conclusion
Now that you’ve reached the end of our article, we hope that we were able to answer your query on how much does Freshbooks cost. There are, in fact, different pricing schemes that you can pay per month.
Freshbooks is a highly recommended accounting software, whether you’re self-employed, a small business that’s just starting out, or an already established company.
The Freshbooks Plus Plan is the most popular choice among users, both new and old. This is since it’s reasonably priced but still offers you useful tools for managing your finances.
It allows for a good number of clients while not sacrificing the quality of accounting, recording, and tracking of expenses.
If you’re planning to sign up for Freshbooks today, then it’s definitely the plan that we urge you to check out. Though, of course, you will still be able to take advantage of the free trial before you pay for anything eventually.
So now, why choose Quickbooks when Freshbooks already has everything you’ll ever need to get started with doing accounting for your business?
Sign up for a Freshbooks account now and enjoy all the best accounting benefits.
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