FreshBooks Pricing 2023: How Much Does It Cost?

In this post, I have talked about FreshBooks pricing and plans.

When it comes to the FreshBooks subscription options, there are two options: a monthly membership and an annual subscription.

When billed on a monthly basis, pricing levels for FreshBooks begin with the Lite plan at $7.50 and go all the way up to the Premier plan at $27.50 per month.

When billed on a yearly basis, pricing levels for FreshBooks begin with the Lite plan at $132 and go all the way up to the Premier plan at $484 per month.

Read our article FreshBooks review to get in-depth about FreshBooks, in which you will get a detailed analysis.

FreshBooks Pricing And Plans

Mainly FreshBooks has three pricing plans. To get more FreshBooks discounts on your desired pricing plan, check out our article FreshBooks Coupon code.

1. Lite plan: $7.50 a month (if you are billed on a monthly basis) and $132 a year(if you are billed on a yearly basis).

2. Plus plan: $15 a month (if you are billed on a monthly basis) and $264 a year(if you are billed on a yearly basis).

3. Premier plan: $27.50 a month (if you are billed on a monthly basis) and $484 a year(if you are billed on a yearly basis).

1. Lite Plan

The cost of Lite is $7.50 a month (if you are billed on a monthly basis) and $132 a year(if you are billed on a yearly basis). It is designed for 5 billable clients and is best suited for mobile self-employed professionals.

The most fundamental capabilities of the system, such as limitless invoicing, unlimited expenditure inputs, and unlimited time tracking features, are included in this package.

This streamlines the process of monitoring your finances by making it simpler to input data automatically.

Additionally, you can interface your system with more than 200 applications and get comprehensive tax time reports. You must pay $10 for each additional team member you want to add to the system.

The top features are given below:

1. Send unlimited invoices to up to 5 clients.
2. Track unlimited expenses.
3. Send unlimited estimates.
4. Get paid with credit cards and bank transfers.
5. Track sales tax & see reports.
6. Access anywhere on iOS and Android.

2. Plus Plan

The Plus plan costs $15 a month (if you are billed on a monthly basis) and $264 a year(if you are billed on a yearly basis) to subscribe to this plan. You can have 50 billable clients.

It comes with major enhancements and extra tools in addition to all of the capabilities that were supplied by the Lite version.

These options include unlimited proposals, automated repeating invoices, customer retainers, scheduled late fees, and automated late payment reminders. Additionally, there are double-entry accounting reports available.

With the addition of these features, it is evident that Plus is designed for small enterprises with ambitious aims in mind. Like Lite, you must pay $10 for each additional team member.

Additionally, advanced payments are $20 each month. The most preferred pricing option is Plus.

The top features are given below:

1. Send unlimited invoices to up to 50 clients.
2. Automatically track expenses.
3. Automatically capture receipt data.
4. Send unlimited estimates and proposals.
5. Get paid with credit cards and bank transfers.
6. Set up recurring billing and client retainers.
7. Run business health reports.
8. Double-entry accounting reports.
9. Invite your accountant.
10. Access anywhere on iOS and Android.
11. Mobile mileage tracking.

3. Premier Plan

The Premium plan caters to rapidly expanding organizations with high-energy staff.

You have the option of trying out the Premium plan if you have not been happy with the features that the lower-tier plans have provided.

It caters to a wider spectrum of users and can accommodate up to 500 clients who can be billed.

You can enjoy all of the features that are available in Lite and Plus for a fee of $27.50 a month (if you billed on a monthly basis) and $484 a year(if you billed on a yearly basis), but with more individuals involved in the experience.

In addition, there is a monthly charge of $20 for advanced payments. The premium plan is by far the most popular choice for this aspect of the cost.

The top features are given below:

1. Send unlimited invoices to an unlimited amount of clients.
2. Track Bills, Bill Payments & Vendors with Accounts Payable.
3. Track project profitability.
4. Customize email templates with dynamic fields.
5. Customize email signatures.
6. Automatically track expenses.
7. Automatically capture bills and receipt data.
8. Automatically send late payment reminders and bill late fees.
9. Send unlimited estimates and proposals.
10. Get paid with credit cards and bank transfers.
11. Get paid with checkout links.
12. Set up recurring billing and client retainers.
13. Run business health reports.
14. Run financial and accounting reports.
15. Invite your accountant.
16. Access anywhere on iOS and Android.
17. Mobile mileage tracking.

What is FreshBooks Select Plan

FreshBooks Select plan is a custom fit solution that is designed for businesses that have extensive accounting requirements.

FreshBooks may provide you with an estimate for their Select Plan if you contact them. This plan allows for two users and comes with all of the capabilities that FreshBooks Premium offers in addition to those features.

The top features are given below:

1. Send unlimited invoices to an unlimited amount of clients.
2. Access to lower credit card transaction rates and capped ACH fees.
3. Info Tooltip.
4. Start with 2 team member accounts.
5. Get a dedicated account manager.
6. Get help migrating from other software.
7. Set up your account with custom onboarding services.
8. Remove FreshBooks branding from client emails.
9. Contact us with a dedicated support number.
10. Get paid with credit cards, bank transfers, and checkout links.
11. Set up recurring billing, subscriptions, and client retainers.
12. Securely accept credit cards over the phone.
13. Automatically track expenses.
14. Automatically send late payment reminders and bill late fees.
15. Invite your accountant.
16. Run business health reports.
17. Run financial and accounting reports.
18. Access anywhere on iOS and Android.

Which FreshBooks plan is good for you?

When deciding whether a FreshBooks subscription is right for you, take into account the accounting requirements of both your company and yourself.

The FreshBooks Lite Plan could be the perfect option for a self-employed person who has a limited number of clients and does not require comprehensive reports or any other premium features.

Larger organizations that are experiencing expansion and have more complex requirements are required to have higher-tier plans.

If you are still unsure about which plan is best for your company, you can test out FreshBooks free of charge for a period of 30 days.

	Lite plan ($7.50)	Plus plan ($15)	Premier plan($27.50)	Select
Billable Clients	5 clients	50 clients	Unlimited	Unlimited
Client profiles and account statements
Clients can store credit card info
Client self-service portal
Client Credits
Automated Recurring Invoices
Customized email templates & signatures
Automated client emails with dynamic fields
Remove FreshBooks branding from client emails

Does FreshBooks offer a Free trial?

I can attest to the fact that Freshbooks’ interface is quite slick and appealing to look at. I have come to enumerate all of the ways in which it can assist with the expansion of your organization, as well as to inform you of what an incredible bargain it is.

It is strongly suggested, on the other hand, that you observe this for yourself.

In the interest of my readers, I have arranged for a free trial of the accounting software Freshbooks. Explore all of Freshbooks’ features to have a deeper understanding of the accounting software:

During the trial period of 30 days, you can send invoices, receive payments through a credit card, and do everything else without paying a fee.

What is the cost of the FreshBooks Invoice?

If you use the payment system provided by FreshBooks, the processing of debit and credit card payments will cost you 2.9% of the entire invoice amount plus 30 cents.

If you conduct business using bank transfers instead of other methods, this cost will be reduced to 1%.

When you use a third-party service like PayPal or Stripe, you will be charged a fee that is equivalent to 2.9% + 30 cents.

FreshBooks’ invoice service provides a number of other important capabilities in addition to the ability to use first and third-party payment methods, such as the ability to add tracked hours to the invoice’s expenses and support for multiple currencies.

While this is a nice feature, FreshBooks’ invoice service also offers several other important capabilities.

Additional FreshBooks Charges

The costs you might anticipate paying are all included in the aforementioned prices. An organization receives one user account for each starting fee.

Additional team members are $10 per person per month when added to the Lite, Plus, or Premium programs. Before committing to FreshBooks, be sure you understand how many users will require frequent access to your accounting software.

Another well-liked add-on from FreshBooks is Advanced Payments, which is available for the Plus and Premium accounts for an extra $20 each month.

Users of Advanced Payments can manage a virtual terminal to receive payments more quickly. Although it comes with a 3.5% + $0.30 cost for each transaction in addition to the monthly price, it is secure and PCI-compliant.

Users still have options for payments even without it, as all plans allow users to accept credit cards and ACH bank transfers.

FreshBooks Features

There are many varieties of features of FreshBooks that you should be aware of. Several of the most important characteristics are discussed in this section.

1. Business Management

2. Emails

3. Billing

4. Payments

1. Business Management

Improvements in reconciling bank services and access to an accountant stand out as particularly useful additions to business management.

Using FreshBooks’ bank reconciliation feature, you may quickly and easily compare your bank account information with your FreshBooks account information.

In addition, it is essential for firms to provide accountants with access to financial data. Keep in mind that the Lite plan lacks support for both of these options.

Freshbooks’ Accounts Payable capabilities are also noteworthy. These capabilities, which include an audit trail for invoices, payments, and purchases, are only available in the Premium tier.

2. Emails

Freshbooks has a lot of features that let you send invoices and other accounting correspondence by email.

But if you have a lot of clients, you might want to use automated emails, customized templates, and signatures. Such two features can help you reach out to one’s clients with less time and effort.

Last, you need a special plan for custom pricing to get rid of the Freshbooks logo from client emails. If you have a small business, you may not be able to afford the Select plan. If you can’t switch, make sure you’re okay with having the Freshbooks logo on your emails.

3. Billing

Regardless of size, most online businesses demand electronic signature acceptance. We’re not aware why this isn’t part of the Lite plan, but it’s an option to consider if you’re a freelancer with 5 or fewer clients who want eSignatures.

When determining your pricing tier, you should also consider proposals and customer retainers. Retainers are especially valuable for service-based organizations. Consider a cleaning service that costs a deposit for ongoing service.

4. Payments

Subscription services and storage cards are important things for your business to think about. With a developed and modern payment system, the features can help a company get on the path to being able to grow.

The features in this section that can be upgraded are for the Select tier. But the Plus and Premiere plans can get these features if they pay $20/month for the Advanced Payments add-on.

Conclusion

FreshBooks Lite has a good set of features and a low monthly cost, making it ideal for freelancers or small enterprises. However, as you move up the pricing tiers, you’ll see that fewer and fewer features are introduced as the rates rise.

FreshBooks also comes with only one user, thus adding more users can raise prices even further.

Several customers may be dismayed to learn that some basic capabilities, such as proposals and accounts payable, are only available on higher-priced plans.

When you include additional expenses for payroll and payments, your monthly fee can quickly become prohibitively expensive.

Depending on the functions you desire and the number of users, you may want to check costs and features across alternative accounting software to ensure you’re getting the best bang for your dollars.

Larger companies with sophisticated accounting requirements and several users may wish to look elsewhere.

FreshBooks, on the other hand, may be ideal for smaller firms looking for a straightforward accounting solution.

Frequently Asked Questions