{"id":1411,"date":"2026-08-31T09:00:36","date_gmt":"2026-08-31T09:00:36","guid":{"rendered":"https:\/\/www.velan-bookkeeping.com\/blog\/?p=1411"},"modified":"2026-08-31T13:12:18","modified_gmt":"2026-08-31T13:12:18","slug":"what-is-freshbooks","status":"publish","type":"post","link":"https:\/\/www.velan-bookkeeping.com\/blog\/what-is-freshbooks\/","title":{"rendered":"What Is FreshBooks? 2026 Guide To Features, Pricing, Pros, Cons & How It Works"},"content":{"rendered":"

FreshBooks is an accounting & invoicing software for service-based small domains, freelancers, and consultants, and it works on a cloud platform. Users can generate invoices, accept payments online, and create reports in addition to expense and time tracking, budgeting, and accounts payable\/receivable, as well as the ability to manage projects. FreshBooks is simple and has great client billing features. But it may not be the right solution for companies needing deep accounting features or multi-entity capabilities.<\/p>\n

What Is FreshBooks?<\/strong><\/h2>\n

FreshBooks is a one-stop online accounting and financial<\/a> management platform where you can combine invoicing, billing, expense tracking, time tracking, and payments to be made by the customer for managed projects done or not done. The application is not only intended to help minimize the amount of manual work business owners perform in the late stages of life but also to simplify basic day-to-day accounting for those lacking an accounting background.<\/p>\n

FreshBooks<\/a> accounting software is useful for companies that bill customers for services or keep track of time that can be billed. It enables customers to make professional invoices, issue payment reminders, collect payments online, keep track of spending, and generate data about their business success. FreshBooks also includes mobile access and connectivity with other business tools. Your role in training staff, your current features include accounting, reporting, mileage tracking, proposals, estimates, payroll, and mobile apps for projects<\/p>\n

FreshBooks at a Glance<\/strong><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n
Feature<\/strong><\/td>\nWhat FreshBooks Helps You Do<\/strong><\/td>\n<\/tr>\n
Invoicing<\/td>\nCreate, send, and manage invoices<\/td>\n<\/tr>\n
Payments<\/td>\nAccept and track client payments<\/td>\n<\/tr>\n
Expense tracking<\/td>\nRecord and organize business expenses<\/td>\n<\/tr>\n
Time tracking<\/td>\nTrack billable hours<\/td>\n<\/tr>\n
Projects<\/td>\nManage project financial activity<\/td>\n<\/tr>\n
Reporting<\/td>\nReview business financial information<\/td>\n<\/tr>\n
Client management<\/td>\nManage client billing information<\/td>\n<\/tr>\n
Integrations<\/td>\nConnect FreshBooks with other business tools<\/td>\n<\/tr>\n
Mobile app<\/td>\nManage selected financial tasks remotely<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

How Does FreshBooks Work?<\/strong><\/h2>\n

The software combines typical financial duties into one online account.<\/p>\n

Step 1: Start Your Business<\/strong><\/h3>\n

First, you need to create your FreshBooks account and enter some basic information about your company. Next you can begin setting up your invoicing, payment, tax and accounting settings.<\/p>\n

Step 2: Record Your Customers and Services<\/strong><\/h3>\n

Add client information and the items or services you offer. Facilitates invoice creation and work tracking.<\/p>\n

Step 3: Create Invoices & Track Expenses<\/strong><\/h3>\n

Generate invoices for services provided and track business costs. You can also track billable hours and link related financial data.<\/p>\n

Step 4: Enter Payments and Monitor Unpaid Invoices\u00a0<\/strong><\/h3>\n

FreshBooks also enables you to enter and keep track of payments when a client pays you. You can also monitor the invoices that are overdue and send reminders to follow up your clients.<\/p>\n

Step 5: Financial Reports and Results<\/strong><\/h3>\n

Use financial reports to understand your income, expenses, profitability, and other critical business information. FreshBooks has reports including profit and loss, balance sheet, and trial balance reports.<\/p>\n

Features of FreshBooks<\/strong><\/h2>\n

Top FreshBooks features help small businesses automate daily financial operations.<\/p>\n

Recurring Invoicing & Billing<\/strong><\/h3>\n

FreshBooks software allows you to produce and send invoices fast. You may also create recurring bills for repeat clients.<\/p>\n

Track Expenses<\/strong><\/h3>\n

Record all business expenses, get and store your receipts, and manage your spending from one place.Your FreshBooks bookkeeping gets much more simple because of these features.<\/p>\n

Time Tracking<\/strong><\/h3>\n

Track billable hours through invoicing. That\u2019s helpful for freelancers and service businesses.<\/p>\n

Project Management Control projects schedules, costs, invoicing, and revenue from one platform.<\/p>\n

Online Payment<\/strong><\/h3>\n

Via online payment, clients can settle their invoices in a convenient way that makes the collection process both faster and simpler.<\/p>\n

Financial Statements<\/strong><\/h3>\n

The accounting feature of FreshBooks software grants users with the ability to generate statements such that you can look into your income, expenditures, and company situation at large.<\/p>\n

Managing Clients<\/strong><\/h3>\n

Organize client info, invoices & payment info.<\/p>\n

Mobile App<\/strong><\/h3>\n

You can also manage bills, expenses, time, and customer information from your phone with FreshBooks. Integrations FreshBooks integrates with various third-party business solutions so you’ll never have to repeat data entry tasks and streamline financial activities.<\/p>\n

What is the price of FreshBooks?<\/strong><\/h2>\n

FreshBooks pricing will vary depending on whatever plan(s) you choose, how many users\/clients, and what features you want (and how many). FreshBooks has four pricing plans to choose from, each with its own features and number of clients you can have on the account: Lite, Plus, Premium, and Select.<\/p>\n

Other choices can be team members, advance payments, and payroll.<\/p>\n

The current FreshBooks pricing page, for example, lists:<\/strong><\/h3>\n