FreshBooks Accounting Software Review: Is It the Best for Small Businesses?

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Discover why FreshBooks is the perfect accounting software for small businesses in this in-depth FreshBooks accounting software review. Learn about its features, benefits, and how it simplifies invoicing, expense tracking, and more.


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FreshBooks makes managing finances easy for small businesses!
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FreshBooks Accounting Software Review: Why I Chose FreshBooks

As a small business owner, I’m always on the lookout for tools that make my life easier. Accounting can be overwhelming—tracking invoices, managing expenses, and staying tax-compliant are tedious but essential. That’s when I found FreshBooks accounting software, and let me tell you—it’s a game changer. 

In this FreshBooks review, I’ll share my experience using FreshBooks, its standout features, and why I believe it’s one of the best accounting solutions available today.


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What Is Freshbooks Accounting Software?

FreshBooks is a cloud-based accounting software designed primarily for small businesses, freelancers, and entrepreneurs. Its main focus is on simplicity without sacrificing power.

Whether you need to manage invoices, track expenses, or handle time-tracking for clients, FreshBooks offers a user-friendly platform that helps streamline your financial tasks.

I’ve tried a few accounting tools in the past, but what immediately stood out about FreshBooks is how intuitive it is. From day one, I was able to set up my account and start using it without any steep learning curve.


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Freshbooks accounting software review: FreshBooks dashboard showing business financial data
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Key Features of FreshBooks

1. Invoicing Made Easy

The invoicing feature in FreshBooks is a standout. Creating professional-looking invoices takes just minutes. I loved how I could customize invoices with my logo, color scheme, and even payment terms.

Invoicing Example Scenario:

Let’s say you’re a freelance graphic designer who just completed a logo design for a client. Here’s how invoicing works:

  1. Create a New Invoice: Click on “New Invoice” and select your client.
  2. Add Details: Include the project name, description, and rate. You can also add tax if applicable.
  3. Send Invoice: Hit “Send,” and your client will receive a beautifully formatted invoice with a “Pay Now” button for easy payment.

FreshBooks also lets you set up recurring invoices for clients on retainer, which has saved me tons of time.


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2. Automated Expense Tracking

Tracking expenses is one of the most dreaded parts of accounting, but FreshBooks makes it painless. You can connect your bank account or credit card to automatically import transactions.

My Experience:

I connected my business checking account, and within minutes, FreshBooks categorized my expenses—software subscriptions, office supplies, and even client lunches. You can manually adjust categories if needed, ensuring everything stays organized for tax time.


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FreshBooks invoice creation screen
FreshBooks transforms accounting by simplifying invoicing and more!

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3. Time Tracking and Project Management

If you bill by the hour or manage multiple projects, the time-tracking feature will be a lifesaver. You can track time manually or use the built-in timer to log hours directly within FreshBooks.

Example Scenario:

Imagine you’re a consultant working on a client project. With FreshBooks:

  • Start the timer when you begin working.
  • Log notes about the task you’re completing.
  • At the end of the project, convert those hours into an invoice with just one click.

This seamless integration of time tracking and invoicing makes it easy to ensure no billable hour goes unbilled.


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4. Payments Made Simple

FreshBooks supports multiple payment options, including credit cards, ACH transfers, and PayPal. It even integrates with Stripe, making it easy for clients to pay directly from the invoice.

My Favorite Feature:

When a client pays, FreshBooks automatically records the payment and updates the invoice status. No more manual tracking! Plus, clients appreciate the ease of paying online—some even paid faster because of how simple it was.


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Key Benefits of FreshBooks Accounting Software

1. User-Friendly Interface

FreshBooks design is one of its biggest selling points. You don’t need to be an accountant to use it. The dashboard is clean and gives you an overview of outstanding invoices, recent expenses, and your profit and loss in a glance.

2. Automation That Saves Time

Recurring invoices, automated payment reminders, and expense imports are just a few automation features that have drastically reduced my workload.

3. Tax Time is a Breeze

FreshBooks provides detailed reports, including profit and loss, tax summaries, and expense breakdowns. When tax season rolls around, I simply export these reports and hand them over to my accountant. It’s that easy.

4. Mobile Access

FreshBooks has a mobile app that allows you to manage your finances on the go. I’ve sent invoices from my phone while waiting in line for coffee—no more waiting to get back to the office.


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FreshBooks software dashboard showing invoices
FreshBooks makes managing finances easy for small business owners, freelancers, self-employed individuals, and entrepreneurs.

How to Get Started with FreshBooks

  1. Sign Up for an Account: FreshBooks offers a 30-day free trial, so you can test all the features before committing. Sign up for a FreshBooks account and claim your 30-day free trial here!
  2. Customize Your Settings: Add your business information, upload your logo, and set up your invoice preferences.
  3. Link Your Bank Account: Connect your business accounts to start tracking expenses automatically.
  4. Create Your First Invoice: Use one of FreshBooks’ templates to send a professional invoice in minutes.
  5. Explore Reports: Check out the reporting features to get a snapshot of your financial health.

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Small Business Owbers, Entrepreneurs, and Freelancers trust FreshBooks for simplifying their bookkeeping and financial accounting!

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Real-Life Example: How FreshBooks Helped Me

I recently worked on a large project that involved multiple milestones and payments. 

FreshBooks allowed me to do the following:

  1. Track each milestone separately using the project management tool.
  2. Log time for each phase of the project.
  3. Send invoices after completing each milestone with the click of a button.

The client appreciated the clarity of the invoices, and I appreciated how easy it was to stay organized.


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A business owner and entrepreneur using FreshBooks to track expenses
FreshBooks helps business owners and entrepreneurs track finances with ease!

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FreshBooks Pricing Plans

FreshBooks offers several pricing tiers, starting with the Lite plan, which is perfect for freelancers and small businesses just starting out. The Plus and Premium plans are better suited for growing businesses with more clients and projects.


FreshBooks dashboard showing client projects
FreshBooks helps streamline business accounting and project management!

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FreshBooks Pros and Cons

Pros of Freshbooks Accounting Software:

  • Intuitive, user-friendly interface
  • Excellent invoicing and time-tracking features
  • Automation saves hours of manual work
  • Reliable customer support

Cons of Freshbooks Accounting Software:

  • Limited customization for some advanced reporting
  • Pricing can add up for larger teams

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FreshBooks dashboard with time-tracking and invoicing features
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Final Verdict: Is Freshbooks Accounting Software Worth It?

In my opinion, FreshBooks accounting software is absolutely worth it for small business owners, freelancers, and entrepreneurs. It’s intuitive, powerful, and designed to save you time. I’ve been able to focus more on growing my business and less on managing my books, and that alone makes it invaluable.


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If you’re looking for an accounting solution that’s easy to use and built with small businesses in mind, give FreshBooks a try. The FreshBooks free trial makes it risk-free, and you might just find that it transforms how you manage your finances.

A Freshbooks review detailing the FreshBooks accounting, invoicing, and bookkeeping software dashboard showing invoices.
Discover why FreshBooks is perfect for small business accounting with easy invoicing, expense tracking, and more!

Ready to simplify your accounting?
Start your free trial of FreshBooks today!


Small business owner using FreshBooks on tablet
FreshBooks saves time with automated invoicing and expense tracking!

Freshbooks Accounting Software FAQs

1. Is FreshBooks suitable for large businesses?

FreshBooks is primarily designed for small to mid-sized businesses. Larger enterprises may find it lacking some advanced features like in-depth inventory management.

2. Can I use FreshBooks for personal finance management?

While FreshBooks is designed for business use, you can use it for personal finance tracking if needed. However, it’s best suited for professional invoicing and expense management.

3. Does FreshBooks integrate with other tools?

Yes! FreshBooks integrates with a wide range of tools, including G Suite, Slack, and Stripe, making it easy to connect to your existing workflow.


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Streamline your accounting with FreshBooks’ easy-to-use interface!
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This in-depth Freshbooks accounting software review covers everything you need to know about FreshBooks. I hope it helps you decide whether it’s the right tool for your business!

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Freelancers love FreshBooks for its invoicing and expense features.
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Tyler DeBroux

Tyler DeBroux is a fulltime entrepreneur, business owner, and investor. He's also an expert in business and finance. Tylers hobbies include hunting, fishing, swimming, and spending time with friends and family. Tyler attended the University of Wisconsin - Green Bay, graduating in 2014 with a degree in Business Administration and Accounting. Upon graduation, Tyler avoided the traditional life and career paths, instead taking the path less traveled, Tyler became a fulltime entrepreneur and investor, and remains so today.

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