FreeAgent vs QuickBooks Online Advanced

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Our analysts compared FreeAgent vs QuickBooks Online Advanced 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
QuickBooks Online Advanced 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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QuickBooks Online Advanced is a comprehensive accounting software designed to streamline financial management tasks for growing businesses. It excels in handling complex accounting needs, offering features such as advanced reporting, customizable dashboards, and automated workflows. This software is particularly well-suited for mid-sized businesses across various industries, including retail, professional services, and non-profits, due to its scalability and robust functionality.

One of the standout benefits of QuickBooks Online Advanced is its ability to support up to 25 users, making it ideal for teams that require collaborative access. Users appreciate the powerful integration capabilities with other business tools, enhancing overall productivity. Additionally, the software's advanced reporting tools provide deep insights into financial performance, aiding in strategic decision-making.

Compared to similar products, QuickBooks Online Advanced is often praised for its user-friendly interface and extensive support options. Pricing details can vary, so it's recommended to contact SelectHub for a tailored quote based on specific business needs.

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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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  • Enhanced Reporting: Gain deeper insights with advanced reporting tools that allow for customized, detailed financial reports tailored to your business needs.
  • Workflow Automation: Save time and reduce errors by automating repetitive tasks such as invoicing, bill payments, and expense tracking.
  • Custom User Permissions: Maintain control and security by assigning specific roles and permissions to team members, ensuring they only access the information they need.
  • Scalability: Easily scale your accounting processes as your business grows, accommodating more users and transactions without compromising performance.
  • Priority Customer Support: Receive faster, dedicated support from a team of experts who can help resolve issues and provide guidance on best practices.
  • Integration with Third-Party Apps: Enhance functionality by seamlessly integrating with a wide range of third-party applications, from CRM systems to payroll services.
  • Advanced Inventory Management: Keep track of inventory levels, manage stock across multiple locations, and streamline order fulfillment processes.
  • Customizable Dashboards: Monitor key performance indicators and financial metrics at a glance with dashboards that can be tailored to your specific business requirements.
  • Batch Invoicing: Improve efficiency by creating and sending multiple invoices simultaneously, reducing the time spent on billing tasks.
  • Data Backup and Security: Protect your financial data with automatic backups and robust security measures, ensuring your information is safe and recoverable.
  • Comprehensive Training Resources: Access a wealth of training materials, including webinars, tutorials, and guides, to help you and your team maximize the software's potential.
  • Custom Fields: Capture and track additional information relevant to your business by adding custom fields to invoices, sales forms, and customer records.
  • Performance Tracking: Monitor employee performance and productivity with tools that track time, expenses, and project progress.
  • Multi-Currency Support: Conduct business globally with ease by managing transactions in multiple currencies and automatically calculating exchange rates.
  • Cash Flow Management: Improve cash flow visibility and forecasting with tools that help you track income, expenses, and outstanding invoices.
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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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  • Customization: Its flexible nature helps businesses stay efficient and scale as needed. Multiple users can be assigned to the same role without having to repeat task selection. As a rule-based task solution, it keeps track of who has what task permissions. Customize reports with the information that matters. 
  • Reporting and Insights: Rich insights with financial statements help make sound decisions. Monthly KPI tracking helps analyze, identify and work on issues that need attention.  
  • Cash Flow: Customize reporting periods or view cash flows with auto-populated trend lines to understand revenue streams and what drives them.  
  • Custom Chart Builder: Create and edit customized dashboards to analyze important metrics. 
  • Revenue Stream Dashboard: Configure and identify all revenue sources and share reports with the designated accountant. 
  • Dedicated Account Team: Get expert advice through call, email or by scheduling an appointment with accounting experts 
  • Batch Invoicing: Send multiple invoices and import hundreds with minimal clicks.  
  • Business Expense Tracking: Take a picture and share with a mobile app that matches expenses with existing transactions. 
  • Estimates: Provide professional estimates and convert them into invoices.  
  • Bill.com Integration: Bill.com integrations simplify bill payment for multiple vendors with one click.  
  • Mileage Tracking: Track mileage deductions and categorize your trip as business or personal to ensure accurate tax deductions.  
  • 1099 Management: Get ready-to-send 1099 forms for tax time and file them accurately. 
  • Inventory Tracking: Prevent inventory shortages with its automatic quantity updating feature, which also helps control what to sell and order.  
  • Cloud Integration: Collaborate, access and manage books in real time from anywhere, anytime, as long as you have a stable internet connection. 
  • Security: Data gets backed up in the cloud, and industry-leading technology protects data and ensures privacy. 
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Product Ranking

#86

among all
Accounting Software

#151

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

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

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4.4 (125)
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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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User-Friendly Design: QuickBooks Online Advanced is celebrated for its intuitive interface, which makes it easy to navigate and utilize, even for users without a deep understanding of accounting principles.
Enhanced Efficiency: The software streamlines accounting tasks, automating processes such as invoice creation and payment reminders, which many users report has led to significant time savings and increased productivity.
Advanced Functionality: QuickBooks Online Advanced offers a comprehensive suite of features, including in-depth reporting, customizable dashboards, and the capacity to manage complex transactions with up to 1000 line items, catering to the needs of growing businesses.
Business Scalability: With support for up to 25 users, QuickBooks Online Advanced is well-suited for businesses experiencing growth, allowing for collaboration and expansion as team sizes increase.
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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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Price: The monthly subscription fee can be a barrier for some, especially smaller businesses or those with tight budgets.
Customer Service: A recurring complaint from users is difficulty reaching support or receiving timely resolutions for technical issues.
Learning Curve: The software's robust feature set can be overwhelming for new users who may require additional time to learn the system.
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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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Can QuickBooks Online Advanced make your business quick on the uptake when it comes to managing your books? User reviews from the past year suggest a resounding "yes," particularly for small to mid-sized businesses. Users rave about the platform's user-friendly interface and intuitive navigation, finding it a breeze to use compared to other accounting software they've encountered. A standout feature is the robust reporting functionality, allowing for the creation of customized reports that provide deep insights into business performance. The ability to handle a high volume of transactions, with support for up to 1000 transaction lines for invoices, is another major plus, significantly speeding up invoicing processes. However, the positive feedback is counterbalanced by some recurring criticisms. The higher cost compared to competitors like Xero or FreshBooks is a common concern, particularly for smaller businesses or startups with limited budgets. Some users also point out a steep learning curve, especially for those unfamiliar with accounting software, and express dissatisfaction with customer service, citing slow response times and occasional difficulties in resolving issues. Despite these drawbacks, the overwhelming sentiment is that QuickBooks Online Advanced is a powerful and efficient accounting solution. Its advanced features, like workflow automation and batch processing, make it ideal for businesses looking to streamline their financial operations and gain deeper financial insights.

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