FreeAgent vs FreshBooks
- ✦ Bank Feeds
- ✦ Self-Assessment Tax
- ✦ VAT
- ✦ Estimates & Proposals
- ✦ Online Payments
- ✦ Bank Reconciliation
FreeAgent and FreshBooks are both Accounting tools. FreeAgent starts at $24/mo, FreshBooks at $23/mo. Compare features, pricing, and ratings below to find the best fit for your team.
When to Choose FreeAgent vs FreshBooks
The question that matters: “In what situation will I regret choosing A over B after 3 months?”
FreeAgent's Time Tracking logs hours by project and auto-populates invoice line items, cutting invoice prep by 40% for contractors managing multiple engagements.
Time Tracking logs hours per project and auto-populates invoice line items at configured rates, with records attached to each bill to reduce client disputes.
FreeAgent Estimates become invoices in one click, preserving line items, rates, and project tags - cutting the quote-to-invoice gap from 5 days to same day.
Estimates & Proposals convert to invoices in one click - preserving line items, rates, and client details - cutting the proposal-to-payment cycle by up to 40%.
Self-Assessment Tax compiles P&L, claims allowable expenses, and feeds summaries directly into HMRC filing, cutting accountant review from 6 weeks to 10 days.
The VAT module tracks input and output tax across the quarter, and Bank Feeds auto-categorize transactions by VAT status before the 48-hour pre-filing export.
Pricing Comparison & PlansHigh· Verified May 30, 2026
FreeAgent Plans
Paid plans only
FreshBooks Plans
Paid plans only
Lite
$23/moBest for: This plan is ideal for freelancers or very small businesses needing basic invoicing and expense tracking
- ✓Send invoices to 5 clients
- ✓Track expenses in real time
- ✓Create and send estimates
- ✓Generate tax summaries
- ✓Generate expense reports
Plus
$43/moBest for: Suited for growing businesses with multiple clients, this plan adds double-entry accounting, bank reconciliation, and client retainers
- ✓Send invoices to 50 clients
- ✓Track expenses in real time
- ✓Create and send estimates, proposals
- ✓Project tracking
- ✓Accounting reports
Premium
$70/moBest for: established businesses managing numerous clients and projects, this plan includes advanced reporting and project profitability tracking
- ✓Send invoices to unlimited clients
- ✓Track expenses in real time
- ✓Create estimates, proposals, and client retainers
- ✓Automated late payment reminders
- ✓Multi-user access
Select
Contact SalesBest for: Designed for larger businesses or those with specific needs, this custom plan offers personalized features and dedicated account management
- ✓Customized pricing
- ✓Dedicated account manager
- ✓Lower credit card transaction fees
- ✓Capped bank transfer (ACH) fees
- ✓Assisted data migration
Capability Breakdown
6 differences found across 16 standardized features
- •Invoicing
- •Expense Tracking
- •Time Tracking
- •Bank Feeds
- •Self-Assessment Tax
- •VAT
- •Project Management
- •Estimates
- •Multi-currency
- •Payroll
- •Reports
- •Mobile App
- •Accountant Access
- •Receipt Capture
- •Direct Bank Connections
- •Invoicing
- •Expense Tracking
- •Time Tracking
- •Project Management
- •Estimates & Proposals
- •Online Payments
- •Bank Reconciliation
- •Double-entry Accounting
- •Financial Reports
- •Receipt Capture
- •Automated Late Reminders
- •Client Portal
- •Mobile App
- •200+ Integrations
- •Multi-currency
- •Customizable Invoice Templates
- •Sales Tax Calculations
- •Automated Billing Schedules
- •Credit Note Management
- •Inventory Tracking System
- •Vendor Management Tools
- •Budgeting and Forecasting
- •Cash Flow Analysis
- •Audit Trail Logs
- •User Permission Controls
- •Recurring Invoice Options
- •Transaction Matching
Strengths & Limitations
Evaluative strengths and weaknesses: not feature lists
- +Free for NatWest, RBS, and Mettle business banking customers
- +Directly files UK Self Assessment and Corporation Tax returns
- +Strong project-based accounting with time tracking and estimates
- +Automated dividend vouchers for UK limited company directors
- +Intuitive dashboard provides an at-a-glance tax timeline
- −Primarily designed for UK tax system; limited US/global use
- −No dedicated inventory management module for product businesses
- −Lacks advanced features like multi-currency invoicing in base plan
- −Limited third-party app integrations compared to competitors
- −No built-in payroll for businesses with more than 10 employees
- +Excellent time tracking integrated directly into invoices
- +Professional, customizable invoice templates are easy to create
- +Client portal allows customers to view and pay invoices online
- +Strong project profitability tracking features for service businesses
- +Simple, intuitive interface designed for non-accountants
- −Limited inventory management, not suitable for product-based businesses
- −No built-in payroll; requires integration with Gusto (US only)
- −Lower-tier plans have restrictive client limits (5 on Lite plan)
- −Mobile app has fewer features than the desktop version
- −Lacks advanced accounting features like accounts payable aging
At a Glance
Recent Price History
FreshBooks raised "Lite" from $19/mo to $23/mo (+21%)
Price change · May 30, 2026
FreshBooks raised "Premium" from $60/mo to $70/mo (+17%)
Price change · May 30, 2026
FreshBooks raised "Plus" from $33/mo to $43/mo (+30%)
Price change · May 30, 2026
Update · May 21, 2026
FreshBooks lowered "Premium" from $76 to $60/mo (21%)
Price change · May 21, 2026
FreshBooks lowered "Plus" from $40 to $33/mo (18%)
Price change · May 21, 2026
Frequently Asked Questions
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