FreeAgent vs Daxko Accounting

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Our analysts compared FreeAgent vs Daxko Accounting based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

FreeAgent Software Tool
Daxko Accounting Software Tool

Product Basics

FreeAgent is a cloud-based accounting software designed for small businesses and freelancers. It streamlines tasks like invoicing, expense tracking, and tax filing, offering a user-friendly interface and mobile app for on-the-go management. FreeAgent shines for its intuitive design and automation features, making it ideal for those with limited accounting knowledge. Key benefits include automatic bank feeds, expense categorization with receipt scanning, and HMRC-compliant VAT returns. Popular features like project tracking and time billing further cater to freelancers and service-based businesses. Compared to similar products, user reviews praise FreeAgent's ease of use and excellent customer support. However, its focus on simplicity may lack the advanced features sought by larger businesses or those with complex accounting needs. Pricing starts at a monthly subscription fee, with additional costs for features like multiple users or payroll. FreeAgent offers a free trial to allow potential users to test its capabilities before committing.

Pros
  • Easy to use
  • Mobile app access
  • Automated tasks
  • Freelancer-friendly
  • Good customer support
Cons
  • Limited features for complex needs
  • Higher cost for multiple users
  • Not ideal for large businesses
  • Invoice customization limited
  • Reporting could be more robust
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Daxko is a cloud-based software solution for businesses operating in the health and wellness industries. It serves non-profit organizations, YMCAs and JCCs. Organizations can access it from anywhere, anytime, with a stable internet connection. It provides integrated technologies, insights and payment methods.

Businesses can involve employees in budgeting processes to ensure accuracy and accountability. It provides financial management modules and allows users to forecast, make budgets and create account charts.
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$6.50 Monthly
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$99 Monthly
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Product Insights

  • Effortless Time Saving: Automate tasks like invoicing, expense tracking, and tax filing, freeing up time for what matters most.
  • Simplified Organization: Stay on top of your finances with a clear overview of income, expenses, and cash flow, all in one place.
  • Enhanced Accuracy and Compliance: Reduce errors and ensure compliance with automatic bank feeds, VAT returns, and HMRC filing.
  • Mobile Access on the Go: Manage your finances from anywhere with the convenient mobile app, perfect for busy freelancers and entrepreneurs.
  • Streamlined Collaboration: Easily share invoices, track project progress, and collaborate with clients and team members.
  • Peace of Mind and Support: Gain confidence knowing your finances are in order, backed by excellent customer support whenever you need it.
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  • Better Security: Offer web-based software backed with secure modern data infrastructure. Ensure PCI DSS compliance. 
  • Greater Control: Gain control of who can view, access and modify which areas of the system. Allow 24/7 tool access to employees. 
  • Simplify Budgeting: Simplify budgeting and provide visibility into the last year’s budget. Use a forecasting plan for the upcoming year and check year-end finances. 
  • More Accurate: Provide the staff, executives and board with accurate data and built-in reports like cash flows and financial statements. 
  • Greater Transparency: Visualize trends and get insights into accounts with a custom reporting tool that provides visibility across all operations.  
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  • Estimates: Send estimates and invoices via email and keep a tab on the approval and rejection. Convert accepted estimates into invoices. Manage outstanding amounts with the Invoice Timeline. 
  • Expenses: Save photos of the receipt directly from the mobile phone. Keep a tab on the running balance for reimbursement by tracking employee expenses. Track payments using live bank feeds or by importing bank statements.  
  • Tracking: Keep a record of when work was completed. Create an invoice for unbilled time and send it to the client. Check where time is spent across the active projects with timesheet reports.Payment tracking can be done by uploading a picture of the receipt through the mobile app. Reminders for making payments are sent automatically by setting up recurring invoices. Track invoices, taxes, estimates, alongside expenses. 
  • Dashboard: Monitor profit and loss with cash flow reports and the invoice timeline. 
  • Project Management: Create a project by adding billing rates, tasks, default currency, budget, start and end date. Attach charges and billable and non-billable time to projects and invoice the cost to customers. 
  • Expense Management: Categorize charges by currency and link them to a particular activity. Track and document expenses once the invoice is settled. Forgo the need to upload bank statements with the feed enabled. Include bank statements in the reporting after uploading. 
  • Navigation: Display data and keep track of the business’s financial health. Access invoices, time slips, estimates and projects from the dashboard. 
  • Payment: Integrate with PayPal, Stripe and GoCardless to pay bills easily. Make direct payments and add links to the payment system in the invoice templates. Conduct transactions in more than 80 countries around the globe. 
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  • Budgeting and Forecasting: Create realistic forecasts by involving staff in the budget cycle. View previous budget records and use the comparative study to check year-end finances with forecasting. 
  • Account Receivable: Draft invoices, get payments and manage administrative tasks like goods and services billing. Get statements with one click. 
  • Administration: Access and modify data from anywhere, anytime. Offer a flexible chart of the accounts system. Gain complete control with configurable access and permissions. 
  • Reporting: Create real-time reports and check financial stability by funds, branches or programs. Check budget accuracy and success by auditing the general ledger. Access the required data in specific formats with a custom and in-built reporting system. 
  • General Ledger: Manage invoices, track loan status and create journal entries. Connect bank accounts and reconcile transactions. Save time by avoiding repetitive records, invoices and templates. 
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Product Ranking

#86

among all
Accounting Software

#175

among all
Accounting Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 89 84 79 68 98 88 85 78 81 97 70 89 97 70 95 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 200 reviews
Great User Sentiment 5 reviews
87%
of users recommend this product

FreeAgent has a 'great' User Satisfaction Rating of 87% when considering 200 user reviews from 3 recognized software review sites.

84%
of users recommend this product

Daxko Accounting has a 'great' User Satisfaction Rating of 84% when considering 5 user reviews from 1 recognized software review sites.

4.3 (29)
n/a
4.4 (125)
4.2 (5)
4.3 (46)
n/a

Synopsis of User Ratings and Reviews

Intuitive interface: Users consistently praise FreeAgent's user-friendly design, making it easy to navigate and find features even without accounting expertise.
Automated tasks: FreeAgent automates many time-consuming accounting tasks, such as bank reconciliation, VAT calculation, invoice creation, and mileage tracking.
Comprehensive features: The software offers a wide range of features to manage all aspects of accounting, including invoicing, expenses, projects, taxes, and payroll.
Mobile app: FreeAgent's mobile app allows users to manage finances on the go, access key features, and capture receipts with ease.
Excellent customer support: Users consistently rate FreeAgent's customer support highly, with quick and helpful responses to queries.
Integrations: FreeAgent integrates with various popular business tools, such as bank accounts, payment gateways, and expense management apps.
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Intuitive Interface: Users praise Daxko Accounting for its user-friendly design, making it easy to navigate and find the information they need.
Robust Reporting: Daxko Accounting offers a wide range of reporting options, allowing users to generate detailed financial reports for analysis and decision-making.
Streamlined Budgeting: The software simplifies the budgeting process, enabling users to create and track budgets efficiently.
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Limited customization options: While FreeAgent offers some customization, users report feeling restricted in terms of branding and layout compared to other accounting software.
Learning curve for complex features: Some users find FreeAgent's advanced features, like inventory management or project accounting, have a steeper learning curve compared to basic functionalities.
Higher pricing for larger businesses: FreeAgent's pricing scales with the number of users and features needed, making it potentially expensive for larger businesses with complex accounting requirements.
Limited integrations with some industry-specific tools: While FreeAgent integrates with popular business tools, some users in specific industries might miss integrations with specialized software they rely on.
Occasional bugs and glitches: Some users report encountering occasional bugs or glitches within the software, although FreeAgent's customer support is generally praised for responsiveness.
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Limited Features: Some users have expressed that Daxko Accounting lacks certain features commonly found in other accounting software, such as advanced reporting capabilities and budgeting tools.
Learning Curve: A few users have mentioned that the software can be challenging to learn initially, especially for those who are not familiar with accounting software.
Customer Support: There have been some complaints about the responsiveness and helpfulness of Daxko Accounting's customer support team.
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FreeAgent carves a niche for itself in the accounting software world, earning enthusiastic praise from users seeking an intuitive and automated solution to manage their finances. Its user-friendly interface and wealth of automated features like bank reconciliation and VAT calculation, often cited as lifesavers, make it ideal for solopreneurs and small businesses who want to ditch spreadsheets and manual data entry. This convenience, however, comes with a trade-off: some users feel limited by FreeAgent's customization options, especially compared to the robust branding and layout control offered by competitors like Xero. FreeAgent's strengths truly shine in its mobile app and excellent customer support. Users adore the on-the-go access and quick, helpful resolutions to queries. This agility differentiates FreeAgent from some software giants notorious for sluggish mobile experiences and frustratingly long wait times for assistance. However, power users with complex accounting needs might find FreeAgent's advanced features, like project accounting, less intuitive than Xero's, requiring a steeper learning curve. Ultimately, FreeAgent's user reviews paint a picture of a friendly, efficient, and mobile-first accounting solution. It excels at simplifying finances for non-accountants and automating tedious tasks, but its customization limitations and potential learning curve for advanced features might make larger businesses or those seeking extensive control look elsewhere. In the quest for simplicity and time-saving automation, FreeAgent stands out as a top contender, especially for solopreneurs and small businesses just starting their financial journey.

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User reviews suggest Daxko Accounting is a solid, if unexceptional, choice for small businesses and startups, particularly those already integrated with other Daxko products. Users praise its ease of use, highlighting how even those new to accounting can navigate the software and manage tasks like budgeting. This simplicity makes it a good option for organizations without dedicated accounting staff. However, some users find its functionality lacking, particularly its lack of payroll integration, which forces them to use multiple software solutions. While Daxko Accounting offers a decent suite of features, including accounts payable and receivable, general ledger, and robust reporting, it doesn't seem to significantly outperform competitors like QuickBooks or FloQast in any particular area. Its main selling point appears to be its integration with other Daxko products. This seamless integration is particularly valuable for organizations already using Daxko's YMCA or JCC management software, as it streamlines financial processes and reduces the need for manual data entry. However, for organizations not already using Daxko's ecosystem, other accounting software options might offer a more comprehensive or innovative feature set.

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