Your Money at a Glance

The FreeAgent overview brings your entire financial picture together into one place, so you have an at-a-glance snapshot of money coming in and out.

• An invoice timeline shows you what invoices have been sent and paid recently.
• Account statements let you know how much is in the bank
• Recent time slips and expenses panels allow you to keep track of time and money

Track Time on Projects

FreeAgent lets you to log timeslips for work done and tasks on active projects.

• Quickly add a daily timeslip for a given project
• or add them a week at a time
• At the end of a project automatically generate invoices from unbilled time
• Generate monthly time reports for individual projects

Fast, Professional Invoicing

• Easily create invoices from recorded time and re-billable expenses
• Customize your invoices with your logo
• Choose from a gallery of great invoice designs
• Create your own custom invoice design
• Save or email as PDF
• Collect online payment with PayPal
• Setup recurring invoices
• Track invoice status through to payment

"It's revolutionized how I manage my billing." Emma Young, Arkose Design Ltd

Track out-of-pocket Expenses

Track those out of pocket expenses, which don't go through a business bank account, so you don't lose out.

Keep track of mileage to and from clients as well.

"Seeing your business' vitals laid out clearly and concisely is priceless." Simon King, Organic Internet

View money in and out

FreeAgent builds a picture of finances from your electronic bank statements. Here's how:

1. Download statements from your bank website
2. Upload securely into FreeAgent
3. Provide an explanation for transactions...
4. ...and FreeAgent learns for next time

With your transactions uploaded and explained, FreeAgent produces your draft accounts with no extra work.

You've got the option of using a business bank account or a personal bank account. If you're using a personal account, you can keep your business-related transactions clearly separated from your grocery purchases.

Accounting Features

Instant access to your Profit and Loss (Sales, Overhead and Operating Profit figures).

Collaborate with your Accountant: create a login for your them, so they can offer you the most up-to-date advice. Easily export of Trial Balance data for your accountant to generate end-of-year Accounts.

Easy Sales tax or VAT/GST reporting, with easily customizable rates for all Universal Accounts.

UK specific features

For UK Sole Traders:

• Use a personal bank account to track occasional business income and expenses
• Prepare VAT Returns
• Calculate your Self-Assessed Income Tax

For UK Limited Companies:

• Simple Directors' Payroll
• PAYE and NI
• Corporation Tax
• Smart User Payments, to automatically allocate payments as Salary, Expenses and Dividends