What is Freshbooks? Small Business Accounting Software

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Whether you are a small business owner who loves or despises accounting, we can all agree that it is necessary to ensure your business stays on track. But with limited time, managing invoices, tracking expenses, and keeping up with financial reports can be overwhelming. That's where Freshbooks comes in! If you haven't heard of it, Freshbooks is a cloud-based accounting software that makes managing your finances simple and easy. In this guide, we'll go over everything you need to know about Freshbooks, how to use it, its top features, and how it can support the growth of your business.

What is Freshbooks? 

Freshbooks is an accounting software designed specifically for small business owners and freelancers. It simplifies accounting processes by offering a range of features such as time tracking, invoicing, expense tracking, project management, and financial reporting. The software is intuitive and user-friendly, perfect for those who are not finance experts. It's available on both desktop and mobile, which means you can manage your finances anytime, anywhere.

How to Get Started With Freshbooks

There are many ways to use Freshbook's many features, including automated invoicing, expense tracking, and project management, but the best news? It is easy to set up and provides a seamless onboarding process so you can get paid faster. 

1. Set Up Your Freshbooks Account:
   One of the most attractive advantages of Freshbooks is how user-friendly it is. The first step is to create an account, which doesn't take more than ten to fifteen minutes.
   
   
2. Customize Your Account:
   Once your account is set up, Freshbooks takes you through some steps that help you customize your account and begin operating. Once you're up and running, you'll find a user-friendly dashboard and a beautiful interface designed to help you complete common accounting tasks quickly.
   
   
3. Manage Time and Expense Reports Effortlessly:
   Freshbooks makes it simple to track billable hours and overhead expenses, ensuring that you are accurately invoicing your clients. The moment you begin the timer, Freshbooks tracks your hours and enables you to categorize them for different projects. You can export timesheets and send them directly to your customers, streamlining the invoicing process. You can also utilize Freshbooks for expenses, saving receipts for each project and tracking them in real time.
   
   
4. Create Professional Invoices and Estimates:
   Freshbooks makes it easy to bill your clients. You can create professional, detailed invoices in a matter of seconds and email them directly to your clients. You can include the work time spent on a task, hourly or flat-rate billing, and get reminders for overdue payments.
   
   
5. Integration with Other Applications:
   Freshbooks is an all-in-one finance management app that provides you with a wide range of integrations with different platforms like PayPal, Stripe, and more. Freshbooks app is also available in Apple App Store and Google Play Store, and is optimized to work on all devices. Through these integrations, you can easily sync with other apps to expand your accounting capabilities.
   
   
6. Detailed Reports and Financial Overviews:
   Freshbooks lets you quickly access profit and loss statements, balance sheets, and expense reports. They even provide graphs and visual representations to help you understand your finances better.

Top Freshbooks Features:

Invoicing is the primary feature of Freshbooks. You can create an invoice in a matter of minutes. You can also customize your invoice templates by adding your logo, colors, and other branding elements. Freshbooks also sends automatic payment reminders to your clients, so you don't have to worry about following up on late payments.

Besides invoicing, Freshbooks has many features that can make accounting easy for you, like:

• Time tracking: You can use Freshbooks to track the time you spend on each project. You can also use the time tracking feature to create invoices based on the hours you've worked.
  
  
• Expense tracking: Freshbooks allows you to enter each expense and categorize them. You can also take pictures of your receipts and attach them to the expenses.
  
  
• Project management: Freshbooks allows you to manage projects and collaborate with your team. You can create to-do lists, assign tasks, and track progress, ensuring everyone is on the same page.
  
  
• Reporting: Freshbooks generates reports that make accounting easy. You can view your profit and loss statement, your balance sheet, and your cash flow statement. They even provide graphs and visual representations to help you understand your finances better.

How Freshbooks Helps Small Businesses Grow:

Freshbooks helps small businesses grow by automating accounting processes such as invoicing and expense tracking. Their goal is to give the business owner back their time so that it can be devoted to core business activities, such as marketing and customer support. Freshbooks also improves cash flow by sending automatic payment reminders and making it easy to accept online payments, which can help you get paid faster. Lastly, Freshbooks helps you make informed decisions by generating reports that provide insights into your business performance. These insights can help you make informed decisions and drive business growth.

Get Started with Freshbooks Today!

Getting started with Freshbooks is easy. With Fundid's Business Discounts, you can save 50% for the first six months! Sign up today for a 30-day risk-free trial and access all the features. This allows you to evaluate the software and see if it meets your business needs. Once you're satisfied with the software, you can upgrade to a paid plan. Check out our other discounts to unlock your unlimited growth potential.