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Quickbooks v FreeAgent

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With so many bookkeeping systems on the market, it can be difficult to decide which one is right for you.

If you are self employed there are two really well established options on the market that offer some great features to make your life a lot easier. These are Quickbooks and FreeAgent.

If you’re struggling to decide between them, then read on for a summary of their key features and a review of each.

Quickbooks v FreeAgent

QuickbooksFreeAgent
Best forTracking mileage, claiming
expenses on the move,
estimating taxes
Time tracking, invoicing,
cashflow management,
estimating taxes
Free trialYes – one monthYes – with this link
Monthly Cost£8/month
(£3 for first 6 months)
£22.80/month
(£11.40 for first 6 months)
Bank feedsYesYes
InvoicingYesYes
Time trackingYesYes
Snap & StoreYesYes
Tax estimationYesYes
Sign UpSign Up

Quickbooks

Quickbooks Self Employed

Quickbooks Self Employed product is designed with UK self employed individuals in mind.

Its uncomplicated app focus solely on the features most important to someone who is self employed:

  • Bank feeds
  • Expense claim
  • Mileage
  • Invoicing
  • Taxes

What’s good about Quickbooks

  • Easy to set up;
  • Low monthly price;
  • Snap and sort receipts;
  • Make expense claims on the go;
  • Automatic mileage tracking using your device location;
  • Automatic syncing with most UK bank accounts.

Who’s it Best For

Anyone who is self employed and looking for an automated solution for managing income & expenses, as well as estimating their tax.

Learn more: Visit the Quickbooks Website

Freeagent

Freeagent UK Review 2018

FreeAgent is a UK based company with a bookkeeping system designed with the self employed and freelancers in mind.

It comes with a slightly higher monthly subscription fee but this reflects the fact there is has a lot of really useful functionality.

FreeAgent focuses on relieving the main causes of financial administration stress like:

  • Invoicing;
  • Time tracking;
  • Cashflow management;
  • Tax calculations and estimations;
  • Filing Self Assessment Tax Return Forms;
  • Expense tracking (with the ability to photograph your receipts on the move);
  • Automated bookkeeping with bank feeds.

What’s good about FreeAgent

  • Simple but informative dashboard with all the key information;
  • First class customer support;
  • Built-in time tracker that automatically converts into an invoice;
  • Gives customers the option to pay by credit card;
  • Lots of ready-made reports like debtors, profit & loss and sales;
  • Photograph and make expense claims on the move (check out my demo here).

Who’s It Best For

FreeAgent is great for freelancers who need to track their time. It is also perfect for anyone looking for a bookkeeping system that will grow as their business does.

Learn more: Visit the FreeAgent website + claim your free trial


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Anita Forrest
About Anita Forrest

Anita is a Chartered Accountant with over a decade of experience taking self-employed business owners from financially confused to business savvy. She is the creator of the ‘Go Self Employed’ website, which is her corner on the internet where she makes self-employment less terrifying.