Custom, Easy Invoicing
FreshBooks might offer plenty of accounting and finance functions, but where it really shines (aside from pricing) is its invoicing.
FreshBooks allows for a large degree of invoice customization to reflect your brand. You can even change the currency and language if you’re working with customers or clients in different countries.
Plus, if you often send similar invoices, you can just duplicate old invoices and slightly tweak the numbers.
Many types of businesses have arrangements with clients or customers that involve recurring revenue. Usually, these companies would have to create a new invoice every week/month/quarter to get paid, but not with FreshBooks’ recurring invoices.
Recurring invoices make it easy to collect payments from these routine clients and customers. For example, freelancers with retainer agreements with their clients can automate their monthly income by setting up recurring invoices in Freshbooks.
Automatic Late Payment Reminders and Fees
Sometimes, your customers and clients need a bit of a nudge to pay on time. That might be a payment reminder or, depending on your contract, a late fee.
Fortunately, FreshBooks offers some late payment features to ensure you get paid on time. Automated late payment reminders make it so you don’t have to track every invoice.
But what if your client or customer doesn’t pay by the deadline?
With other software, you’d have to charge the customer or client manually. But with FreshBooks, you can toggle automatic late payment fees.
Plenty of service businesses collect deposits to get a client to “commit” to working with them, to hold said clients’ spot, and to protect themselves in case of non-payment. Some people collect half up-front, while others collect the full payment as a deposit before starting.
Regardless of how you collect deposits, FreshBooks lets you accept these from clients so you can stay protected and continue to thrive.
FreshBooks has an excellent time tracking tool that is easy to use and can be turned on anywhere you have an Internet connection.
What’s even better, though, is that you can add your tracked time (and expenses) to your invoices with a few button clicks. That way, you’ll get paid accurately for the hard work you performed.