FREEAgent Just Halved My Accountancy Costs Incresed My Income And Saved Me 2 Hours A Week!
Lyndon : July 8, 2011 10:28 pm : News, OffersIt’s not often I come across an application that really cuts my time and and saves my a worthwhile amount of cash. But FreeAgent has blown my mind.
As a business owner I hate the fact that my accounts are always out of date and it’s such a chore to update them at the end of the month and get them ready for the VAT return. I started to look for a better way.
I came across FreeAgent. I took out a trial test account and within 10 minutes was taken back by how good it is. Just look at why I wrote this posts.
Bank Statement Import
I waist so much time reconciling my bank statements. Now with free agent, I logged onto my bank, downloaded a csv file of my bank transactions and uploaded it to free agent. 5 clicks and FreeAgent started to auto match ever entry with bills and invoices. When it was not sure it would ask for a conformation and then it would lean for next time.
90% of my transactions now get matched automatically.
And that’s not all the next update of FreeAgent in a month or so will auto download my bank statements, credit card statements and paypal statements automatically. WOW
Dashboard
- Income Costs Profit and Tax In Real Time
Because my bank statements are now imported the exact profits and tax to pay both vat and corporation tax are calculated in real time and displayed in real time. Take a look at this.
Ever time you create an invoice, add and expense, make a payment the dashboard updates. It’s always showing you where you are financial.
Because it takes into account how much tax and VAT you need to pay you can always make sure that there is enough cash in reserve to cover those nasty tax bills when they come.
Projects, Tasks, Time Sheets, Mileage, Expenses
I have never seen this in an accounts package before. You know how you have those customer projects and you would love to know how much expenses, mileages, and time you spent on that project so you could really see for just that project if it was profitable or not?
In the past you probably tried to do this in excel because your accounts system had no way for doing this.
Well FreeAgent Understands Projects, Tasks and you can assign you time, your mileage and your expenses to it not only that you can mark them to be paid for by the customer so they automatically appear on the next customer invoice or you can just assign them as a cost that will be taken from the final invoice.
You just have to take a look at this feature.
Expenses
Expenses are ,dare I say it, fun… You scan your receipt (or even take a picture with your iPhone) and then fill in the amount time date and which project to assign it. The image of the receipt gets filed in the system along with the entry. There is even a 3rd party application that you just scan your expenses and some one else types them in for you right into your FreeAgent! WOW
Time Sheets
Ever wish you could track your time on each project your working on in a way that it correctly gets logged to each project and ends up on your customer invoices? Well now you can and so can all your employees.
It also ingrates with google apps so its only 1 click to jump to your accounts and because its web based it’s available to your and your employees where ever they have an internet connection.
I could keep going on, I suggest you take a look at there website watch the videos and sign up for a free trial. Show it to your accountant, mine could not wait for me to through out my old system and start using FreeAgent. Even my account can login on line any time and keep my accounts straight.
Click the link below to get 30 days free trial and 10% off if you do buy! (PS. It’s about 4 x cheaper than sage as well)
