01604 686152
Michael Paul Accountants

FreeAgent

Designed specifically for small businesses and freelancers FreeAgent makes it simple to stay on top of your day-to-day bookkeeping.

FreeAgent is completely web-based, so there is nothing to download, update, or install on your computer, and you can access it from anywhere so long as you have an internet connection.  Your data is safely backed up and FreeAgent uses the same level of encryption to talk to you computer as banks use, they even store your data in a former nuclear bunker!

Advantages of using FreeAgent include

  • Create professional-looking estimates and invoices, send then chase payment automatically
  • Easily reconcile your bank transactions with automated bank feeds into your FreeAgent account
  • Effortlessly Manage expenses
  • Run monthly payroll and file RTI directly to HMRC
  • Manage projects, track time and generate timesheet reports
  • Submit your VAT return directly to HMRC through FreeAgent

FreeAgent is also optimised for mobile so you can access your accounts when you’re on the move. There’s nothing to download — just log into FreeAgent on your phone to get going.

FreeAgent gives you a real-time overview of your business finances making it easy for you to track your cashflow and other important financial aspects of your business in real-time.

There are no restrictions on the number of transactions you can process in FreeAgent. You can also choose to give access to as many people as necessary for your business. As your accountants, we’ll also have access which means that we can deliver instant, better and more relevant advice on an up-to-date set of figures.

Of all the cloud software we have used FreeAgent is the easiest to use and the quickest to get to grips with meaning you can be up and running in no time and with minimal effort.  This makes it great for people with little or no experience of using accounts software.  However there is a trade off.  To make it so easy to use it is less flexible than some other packages particularly when it comes to producing reports and it is more difficult to tailor to your specific business.

For many businesses this won’t be a problem and FreeAgent is therefore a perfect choice for small business with simple and straightforward accounts and because of it’s ease of use we will always consider FreeAgent first when recommending web-based accounts software.  If however you business  is slightly larger and you want a package that you can really tailor to your specific needs then it may be worth also considering Xero.

 

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