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FreshBooks Review: Pros, Cons, Features and Pricing

FreshBooks is an ecommerce accounting software built to simplify bookkeeping for online retailers managing inventory, sales, and reconciliation across multiple channels. If you’re struggling with clunky spreadsheets, mismatched payouts, or messy financial reports, FreshBooks offers a user-friendly, cloud-based alternative to traditional tools.

In this review, I’ll break down FreshBooks’s features, pros and cons, most effective use cases, and pricing so you can decide whether it’s the right fit for your retail operation.

FreshBooks Evaluation Summary

FreshBooks automates ecommerce accounting with simple workflows.
Rating
4.5 /5
Pricing
  • From $23/month
  • 30-day free trial

Why Trust Our Software Reviews

FreshBooks Overview

If you’re judging ecommerce accounting software for ease of onboarding, clean interface, and responsive support, I think FreshBooks stands out. Its seamless integrations with payment processors and shopping carts make setup simple. Pricing feels fair for growing retailers, though I’d flag limited advanced inventory or multi-currency options compared to others.

In my opinion, FreshBooks is best for small to midsize ecommerce businesses that want smart automation and clear workflows without a big learning curve or heavy customization.

Our Review Methodology

How We Test & Score Tools

We’ve spent years building, refining, and improving our software testing and scoring system. The rubric is designed to capture the nuances of software selection and what makes a tool effective, focusing on critical aspects of the decision-making process.

Below, you can see exactly how our testing and scoring works across seven criteria. It allows us to provide an unbiased evaluation of the software based on core functionality, standout features, ease of use, onboarding, customer support, integrations, customer reviews, and value for money.

Core Functionality (25% of final scoring)

The starting point of our evaluation is always the core functionality of the tool. Does it have the basic features and functions that a user would expect to see? Are any of those core features locked to higher-tiered pricing plans? At its core, we expect a tool to stand up against the baseline capabilities of its competitors.

Standout Features (25% of final scoring)

Next, we evaluate uncommon standout features that go above and beyond the core functionality typically found in tools of its kind. A high score reflects specialized or unique features that make the product faster, more efficient, or offer additional value to the user.

We also evaluate how easy it is to integrate with other tools typically found in the tech stack to expand the functionality and utility of the software. Tools offering plentiful native integrations, 3rd party connections, and API access to build custom integrations score best.

Ease of Use (10% of final scoring)

We consider how quick and easy it is to execute the tasks defined in the core functionality using the tool. High scoring software is well designed, intuitive to use, offers mobile apps, provides templates, and makes relatively complex tasks seem simple.

Onboarding (10% of final scoring)

We know how important rapid team adoption is for a new platform, so we evaluate how easy it is to learn and use a tool with minimal training. We evaluate how quickly a team member can get set up and start using the tool with no experience. High scoring solutions indicate little or no support is required.

Customer Support (10% of final scoring)

We review how quick and easy it is to get unstuck and find help by phone, live chat, or knowledge base. Tools and companies that provide real-time support score best, while chatbots score worst.

Customer Reviews (10% of final scoring)

Beyond our own testing and evaluation, we consider the net promoter score from current and past customers. We review their likelihood, given the option, to choose the tool again for the core functionality. A high scoring software reflects a high net promoter score from current or past customers.

Value for Money (10% of final scoring)

Lastly, in consideration of all the other criteria, we review the average price of entry level plans against the core features and consider the value of the other evaluation criteria. Software that delivers more, for less, will score higher.

Core Features

Automated Invoicing

Create and send customer invoices based on online orders. Automate recurring bills so repeat buyers get invoices without manual work.

Inventory Tracking

Monitor product counts as items sell and restock automatically. Stay updated on inventory levels directly in your dashboard.

Expense Management

Capture and categorize expenses by snapping photos of receipts. Assign expenses to specific sales or products for accurate profitability analysis.

Sales Tax Calculation

Apply and track sales tax by jurisdiction during checkout. Generate tax summary reports to simplify filings for multiple states.

Payment Processing

Accept credit card and ACH payments from invoices with built-in payment tools. Funds are deposited directly into your selected business account.

Financial Reporting

Run profit and loss, expense, and sales reports anytime for insights. Filter and export reports to review trends or share with your bookkeeper.

Ease of Use

FreshBooks stands out for its user-friendly interface, making it a breeze for your team to navigate. The clean design and intuitive layout mean you won't waste time hunting for features. Even those with minimal accounting experience can manage church finances with ease. Its straightforward setup and accessible help resources ensure you get up and running quickly.

Compared to other options, FreshBooks simplifies tasks like invoicing and expense tracking, making it a favorite for busy church staff.

Integrations

FreshBooks integrates with Shopify, Squarespace, Stripe, PayPal, Gusto, HubSpot, Zapier, Dropbox, Trello, and Bench, among others.

FreshBooks also offers an API and connects with popular third-party integration tools.

FreshBooks Specs

  • 2-Factor Authentication
  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • BitCoin
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • PayPal
  • Payroll
  • SAP Integration
  • Stripe
  • Supplier Management
  • Tax Management

FreshBooks FAQs

Sean Flannigan
By Sean Flannigan

Sean is the Senior Editor for The Retail Exec. He's spent years getting acquainted with the retail space, from warehouse management and international shipping to web development and ecommerce marketing. A writer at heart (and in actuality), he brings a deep passion for great writing and storytelling to retail topics big and small.