FreshBooks Pricing Plans & Costs Guide
FreshBooks is a cloud-based accounting and invoicing software that you can use from anywhere and on any device. It is suitable for small businesses, solopreneurs, and professionals working remotely who need accessible and easy-to-use accounting software.
FreshBooks is also ideal for freelancers, professionals, and digital agencies who need accounting software that can integrate with their existing business tools. FreshBooks pricing plans provide flexible options to match your business needs, whether you’re on a desktop or mobile. It offers features to assist small business owners with time and expense tracking, invoicing, payment processing, project management, and financial reports.
If you are looking for a comprehensive project management tool to complement FreshBooks, check out AceProject. This tool is economical because the pricing is not based on the number of users.
How Much Does FreshBooks Cost?
FreshBooks pricing plans are competitively priced with schemes that cater to different business needs, from solopreneurs to more established companies. Additionally, FreshBooks offers a 30-day free trial for its software, allowing customers to test it out before committing to a plan. The four FreshBooks pricing plans are:
- FreshBooks Lite (Starts at $8.50 per user, per month) – for professionals, solopreneurs, and freelancers who need basic accounting and invoicing tool
- FreshBooks Plus (Starts at $15 per user, per month) – best for small business owners that require more automation and basic insights
- FreshBooks Premium (Starts at $27.50 per user, per month) – suitable for growing businesses that need to empower their employees while administering control and access rights
- FreshBooks Select (Contact FreshBooks) – ideal for organizations needing more advanced features and capabilities due to their complex workflows and requirements.
FreshBooks Lite Plan (Starts at $8.50 per user per month)
The FreshBooks Lite plan is ideal for freelancers and small businesses that require essential functionalities like invoicing, time and expense tracking, and basic financial reports. This plan starts at $8.50 per month for the first three months and $17 per month for the succeeding months. Annual subscription amounts to $158.10.
INCLUDED IN LITE:
- Includes 1 team member account, with every additional team member at $10 per person per month.
- Send unlimited invoices and estimates to a maximum of five clients.
- Keep a record of an unlimited number of expenses.
- Accept payments using credit cards and bank transfers.
- Monitor sales tax and generate reports.
- Accessible on both iOS and Android from anywhere.
- The Advanced Payments add-on for $20 per month includes a virtual terminal that securely saves credit card data and accepts payments from anywhere.
- Manage your payroll and monitor all your expenditures directly from your FreshBooks account with the Gusto Payroll integration. Requires a separate subscription plan.
FreshBooks Plus Plan (Starts at $15 per user per month)
The FreshBooks Plus plan is perfect for small business owners that require essential insights and advanced automation functions. This plan starts at $15 per month for the first three months and $30 per month for the succeeding months. Annual subscription costs $279.
EVERYTHING IN LITE, AND:
- Send unlimited invoices to a maximum of 50 clients.
- Accept e-signatures for billing.
- Automatically track your expenditures.
- Send unlimited estimates and proposals to clients.
- Set up recurring billing and continue with client retainers.
- Customize the chart of accounts and expense categories and create journal entries.
- Automatically scan and match your bank accounts against your financial records to ensure accurate and consistent financial data.
- Evaluate progress reports of your business.
- Generate accounting reports that include double-entry.
- Invite your accountant to the platform.
- Record your mileage using your mobile device.
FreshBooks Premium Plan (Starts at $27.50 per user per month)
The FreshBooks Premium Plan is best for growing businesses, including contractors and agencies. It offers multi-currency accounting, team time tracking, late fees, and financial and accounting reports. This plan starts at $27.50 per month for the first three months and $55 per month for the succeeding months. Annual subscription to the plan costs $511.50.
EVERYTHING IN PLUS, AND:
- Send unlimited invoices to any number of clients.
- Keep a check on your bills, vendor information, and bill payments through Accounts Payable.
- Monitor project profits and analyze them.
- Create custom email templates with dynamic fields.
- Personalize email signatures to your liking.
- Automatically set reminders for late payments and charge late fees.
- Receive payments through checkout links.
- Generate financial and accounting reports.
FreshBooks Select Plan (Contact FreshBooks)
The FreshBooks Select Plan is for larger enterprises or businesses that have complex financial management. It offers advanced reporting and financial insights, team permissions, and a dedicated account manager. This plan has custom pricing, depending on the business’s requirements that you can directly consult with FreshBooks experts.
EVERYTHING IN PREMIUM, AND:
- Request a demo of the software before committing to the plan.
- Includes up to 2 team member accounts, with every additional team member at $10 per person, per month.
- Avail lower credit card transaction charges and capped ACH fees.
- Begin with two team member accounts.
- Manage billing by safely storing the credit card information of your clients.
- Seek assistance from a specific account manager.
- Get help with transitioning from another software.
- Customize your account with personalized onboarding services.
- Remove FreshBooks branding details from client emails.
- Get in touch with FreshBooks through the dedicated support number.
- Set up recurring billing, and continue with subscriptions and client retainers.
- Securely process credit card payments over the phone.
- Includes the Advanced Payments add-on without any charge.
Conclusion
Choosing the right FreshBooks pricing plan depends on the size and complexity of your business. Freelancers and small businesses with limited financial activities can opt for the FreshBooks Lite plan. On the other hand, small to medium-sized businesses with more advanced requirements can choose the FreshBooks Plus plan. For larger enterprises or businesses that have complex financial management, the FreshBooks Premium and Select plans are more suitable.
In general, it is advisable to start with the lower tiers. You can easily upgrade your accounting and invoicing software as the business grows and requires more advanced features. If you need more information, read our FreshBooks Pros and Cons article to help you make a better choice.
