Warning: FreshBooks is built for freelancers needing invoicing + basic accounting

FreshBooks is excellent for invoicing and basic accounting, but you'll still need Asana ($11) + HubSpot for full functionality. Soulo gives you tasks, CRM, and time for $19.

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FreshBooks

👥Team Choice

Accounting software for small businesses

Founded 2003Website
01

Overview

FreshBooks has been helping freelancers get paid since 2003. It's particularly strong in invoicing - creating professional invoices takes seconds, and automated payment reminders reduce the awkwardness of chasing clients. The platform also includes basic time tracking, expense management, and double-entry accounting. FreshBooks integrates with common payment processors so clients can pay online. However, the client limits on lower tiers ($17/mo for 5 clients) mean costs escalate quickly. Project management is basic, and there's no CRM for tracking deals. For solopreneurs, it handles the financial side but leaves gaps elsewhere.

02

Pricing

$17/mo(30-day free trial)

Best for: Freelancers needing invoicing + basic accounting

03

The Good

  • Excellent, professional invoicing experience
  • Built-in time tracking tied to projects
  • Expense management with receipt capture
  • Real double-entry accounting
  • Very easy to use for non-accountants
  • Automated payment reminders
  • Good mobile app for on-the-go
04

The Bad

  • Client limits on lower tiers (5 clients for $17/mo)
  • No real project management features
  • No CRM for tracking deals and leads
  • No goals, habits, or productivity features
  • Gets expensive as client count grows ($30+ for 50 clients)
  • Limited integrations compared to QuickBooks
  • Bank feed reconciliation can be clunky
05

Best For

Freelancers needing invoicing + basic accounting

FreshBooks is excellent for invoicing and basic accounting, but you'll still need Asana ($11) + HubSpot for full functionality. Soulo gives you tasks, CRM, and time for $19.

06

Key Features

  • 01Professional invoicing with templates
  • 02Automated payment reminders
  • 03Online payment acceptance (Stripe, PayPal)
  • 04Expense tracking with receipt scanning
  • 05Basic time tracking
  • 06Double-entry accounting
  • 07Financial reporting and tax preparation
07

Integrations

StripePayPalGustoMailchimpZapierHubSpot
08

Use Cases

  • Freelancers
  • Consultants
  • Small Agencies

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