FreeAgent
Pricing
FreeAgent offers bespoke pricing based on volumes of clients.
Functionality
Integration
Firm size
- Small
- Medium
- Large
Free trial
Key Features
- MTD for VAT
- Tax Timeline - giving a complete overview of your clients’ upcoming tax liabilities in real time
- Free licences for Royal Bank of Scotland and NatWest business banking customers
- Migration support
- UK-based phone and email support
- Run RTI bulk payroll for all your clients in just two clicks
- Bulk explain transactions
- Jargon-free, easy to use system
- Auto double entry accounting
- Practice dashboard
- Free integrated mobile app
- ‘Insights’ feature
Product screenshots
What FreeAgent says
FreeAgent, voted the UK’s #1 small business accounting software two years in a row, is specifically designed to help accountants work with small business clients. FreeAgent is working on a number of product improvements and developments over the coming years including:
- Final Accounts and Corporation Tax filing
- Deeper integrated banking/accounting experience and data flow/analysis with Royal Bank of Scotland and NatWest bank accounts
- New additions to our groundbreaking ‘Insights’ feature, which gives clients periodic notifications and analysis of their business’s performance
FreeAgent also offers training, dedicated telephone support for you and your clients, and support with marketing and growing your practice, including a listing on our accountant partner directory - all at no additional cost. The software’s ease of use and user experience are reflected in FreeAgent’s unrivalled Net Promoter Score of +69.
Free for Royal Bank of Scotland and NatWest business banking customers
If you have clients who do their business banking with Royal Bank of Scotland or Natwest, these clients can now subscribe to FreeAgent as new users, absolutely free.
What users say about FreeAgent
Read user reviews- Ease of use across multiple devices
- Bank feed functionality
- Corporation tax estimate and available dividends for distribution in real time
- Useful graphics and charts
Pros
- Some ways to make changes to entries are not immediately intuitive
- Deposits and cost of sales can’t be allocated to a different date than the bank statement
- Self assessment doesn't allow property revenues submission
- Reminders for submitting VAT returns disappear after the date, whether they’ve been submitted or not
Things you might change
Functionality
- The bank feed and integration makes things a lot easier to manage
- Suitability to small businesses
- Lets you keep track of individual projects and see your utilisation
- Links payments from your bank account to bills/expenses
- Good reporting
Pros
- Could have more frequent bank feed updates
- Doesn’t have the ability to combine attachments from expenses into an invoice
- The functionality of the mobile application could be enhanced
- It is currently not possible to download to Excel for ease of reporting
Things you might change
Support
- The team replies to any questions
- Good support and helpful documentation
Pros
Ease of use
- Simple to use
- Clean and easy to use UI
Pros
- Not that intuitive - more question boxes to click over fields would help
Things you might change
Value for money
- Price is a little expensive for sole directors
Things you might change
What AccountingWEB says
FreeAgent is the reigning small business accounting champion in our software pantheon, thanks to a large and enthusiastic user population of freelances and contractors who turn out to cast their votes in our survey. You can see many of their comments below.
But times are changing, both for freelancers and the software developer, which became part of the NatWest RBS Bank group in 2017. The one-person limited company model designed to circumvent IR35 payment rules is slated for reform in 2020 which will disrupt FreeAgent’s core market. But as part of RBS, FreeAgent is now being offered free to small businesses and their accountants to win new business for the bank.
The formula has been working, and added a lot of new customers to the FreeAgent community in 2018. The relationship extends to direct links between the accounts and the bank to expedite business lending decisions. With tax going digital and banking tech merging with accounting software, FreeAgent offers a glimpse of what accounting software might look like in the “fintech” future.