FreeAgent - Brilliant for helping me run my buisness
Overall Satisfaction with FreeAgent
I currently use FreeAgent to manage my invoicing, expenses, bills, mileage, payroll and allocating time against projects. It has made doing thee operations so much easier giving me time to focus on other aspects of the business. I particularly like the way it links into the HMRC to report my payroll through RTI and the way it can report and submit my personal tax.
Pros
- Time recording against projects
- Great overview of financial position of business
- Automatic creation of dividend vouchers
Cons
- More links to third-party software needed
- Has freed up a lot of time based on my previous system of managing my invoicing and accounts through Word and Excel
- I have an accurate day to day handle on the financial position of my business so I can manage my cashflow better
- The inbuilt time recording against projects has saved time in creating the invoices but also tracks my profitability on the work I do
I have used and tested out many other systems. I was looking at Xero for my accounting system but at the time I chose FreeAgent because of the way it handles the recording of dividends and the inbuilt time recording. The others I trialed were good and many of them cheaper. FreeAgent best suited my requirements at the time.
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