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Freshbook Research Paper

Decent Essays

Freshbooks: What You Need to Know

FreshBooks is an application based on the Web and encrypted 256-bit accounting, billing time, estimating and billing, which aims to replace the desktop based accounting programs like QuickBooks, Quicken, FirstEdge. It is an aspiration that FreshBooks and responds almost reached.

Good business accounting softwares do a few things well: Track income and expenses, manage estimates, invoices and customer payments, and give you a clear year-end financial reports. Really large accounting applications also allow you to create and manage inventory and track the cost of goods sold. FreshBooks excels in almost all these areas, but only has 19 reports. Although this is much less than you find in most office accounting …show more content…

When you create new estimates and invoices they are emailed to customers who can then approve the estimate, make the payment on the invoice or request that changes be made. FreshBooks is currently supporting 10 different payment methods, including PayPal and Authorize.net and your customers can make payment by clicking on a payment link that appears on the invoice. If you choose, or if your customers prefer, you can also send paper invoices by mail for a small …show more content…

FreshBooks allows your customers to create support tickets that you can follow and meet and you can create specific folders to the customer to store documents for your customers to review.

FreshBooks is a business accounting software based on high performance web that is suitable for many types of small business owners. Although Freshbooks reporting capabilities are very limited compared to desktop applications like QuickBooks or even FirstEdge very basic MYOB, it is FreshBooks offers should be more than enough for most users. But take note, if inventory management is a big part of your business, FreshBooks will not be able to fulfill your business accounting

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