FreeAgent

FreeAgent simplifies small business accounting with automated bookkeeping, invoicing, expense tracking, and tax compliance.

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  • Overview
  • Features
  • Pricing
  • Pros
  • Cons
  • Reviews

FreeAgent Overview

  • Updated December 15, 2025

FreeAgent is a cloud-based accounting software designed for small businesses, freelancers, and contractors. It streamlines financial tasks with features like automated bookkeeping, invoicing, expense tracking, and tax compliance. Users can manage cash flow, create professional invoices, and monitor project profitability.

With real-time financial insights and integrations like bank feeds, FreeAgent simplifies accounting, saving time and ensuring accuracy for users without extensive accounting knowledge.

Key Features

  • Invoicing and Payments: Create, send, and track customizable invoices, automate recurring invoices, send reminders, and integrate with PayPal, Stripe, and GoCardless.
  • Expense Tracking: Categorize expenses via bank feeds or manual entry, attach receipts via mobile app, and link to projects for billing.
  • Bank Reconciliation: Import and categorize bank transactions automatically, reconcile payments, and monitor cash flow in real time.
  • Tax Management: Automate VAT calculations, file Self Assessment returns, and view real-time tax estimates for HMRC compliance (UK-focused).
  • Time Tracking: Track billable/non-billable hours with a timer or manual entry, assign to projects, and convert to invoices.
  • Project Management: Track project income, expenses, and profitability, set budgets, assign tasks, and invoice based on project costs.
  • Financial Reporting: Generate Profit and Loss, Balance Sheet, and Cash Flow reports with customizable date ranges.
  • Client and Contact Management: Store client/contact details, track communications, and convert estimates to invoices.
  • Mobile App: Manage invoicing, expenses, receipt capture, time tracking, and bank balances on iOS/Android apps.
  • Integrations: Connect with 65+ apps (e.g., Zapier, Shopify) and major banks for seamless data integration.
  • Multi-Currency Support: Invoice in 115 currencies and 28 languages, though bank feeds are GBP-only.
  • Dashboard and Insights: View real-time cash flow, invoices, expenses, and tax deadlines on a user-friendly dashboard.
  • Payroll (UK-only): Run HMRC-recognized payroll, manage salaries, taxes, and benefits for free.
  • Accounts Payable: Create, manage, and track bills, set recurring bills, and link to projects.
  • Document Collaboration: Share invoices/documents with clients or accountants, attach files, and collaborate.

Price

Business Type Monthly Plan Annual Plan Free Plan Notes
Limited Company £16.50/month (first 6 months, then £33/month) £165/year (first year, then £330/year) £0 (with NatWest, RBS, Ulster, or Mettle account) Includes 30-day free trial, excl. 20% VAT
Partnership / LLP £13.50/month (first 6 months, then £27/month) £135/year (first year, then £270/year) £0 (with eligible bank account) Includes 30-day free trial, excl. 20% VAT
Sole Trader £9.50/month (first 6 months, then £19/month) £95/year (first year, then £190/year) £0 (with eligible bank account) Includes 30-day free trial, excl. 20% VAT
Landlord £5/month (first 6 months, then £10/month) £50/year (first year, then £100/year) £0 (with eligible bank account) Includes 30-day free trial, excl. 20% VAT

Pricing link: https://www.freeagent.com/pricing/

Pros

Competitor Pros of FreeAgent
QuickBooks Online FreeAgent gives unlimited users, invoices, expenses, and advanced reporting at a single fixed price. It lets you drop the software anytime without hidden costs. It stays affordable and clear.
Xero FreeAgent is easier to use and less jargon-heavy. It still covers tax, invoicing, bank feeds, time tracking, and HMRC filing in one simple tier. That makes it friendlier for freelancers and micro-businesses.
FreshBooks While FreshBooks shines at time-tracking and invoices, FreeAgent also includes project tracking, HMRC-friendly VAT and tax forecasting, and works well for landlords and small agencies. That broadens its appeal.
Zoho Books FreeAgent delivers strong tax support and a flat-rate pricing model that includes everything. It works really well in the UK for HMRC compliance, and you do not need to upgrade to get essential tools.
Wave FreeAgent offers more accounting power. You get reports, time tracking, invoicing, HMRC filing, and mobile apps—not just basic accounting. That gives you more value even as you keep things simple.

Cons

Competitor Cons of FreeAgent 
QuickBooks Online FreeAgent may lack advanced features as businesses grow—like payroll, deep inventory tracking, or layered reporting. QuickBooks offers more modular, scalable tools.
Xero Xero supports thousands of app integrations and automation. FreeAgent doesn’t have as many extensions, so you may feel limited if you want a full ecosystem.
FreshBooks FreshBooks may offer smoother time tracking and simpler billing specifically for freelancers. FreeAgent does more, and that extra range can feel a bit more complex if you just want basic invoicing.
Zoho Books Zoho Books offers tiered plans with inventory, multi-currency, and advanced automation at higher levels. FreeAgent keeps things simple but that means less flexibility if you want to scale or do complex workflows.
Wave Wave is mostly free for basic accounting and invoicing. FreeAgent starts at around £10–£33/month depending on business type, so you will pay for features that Wave gives free—but without Wave’s limitations.

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