FreshBooks Pricing: Costs and Pricing Models

Disclaimer: We source public information for FreshBooks’s pricing, including its own site. All pricing information within this resource is accurate at the time of publication.

FreshBooks is a cloud-based, all-in-one accounting software that helps small businesses better maintain their operations. It includes automated tools that streamline processes, such as invoice processing and payment collection. FreshBooks targets small businesses that want to migrate from Excel or another accounting solution.

In this post, we’ll discuss FreshBooks’s pricing plans in detail.

How much does FreshBooks cost?

FreshBooks has four pricing plans (based on annual billing). We’ve listed the plans’ original pricing, but note that the vendor is currently offering a 60% discount for the first six months.

FreshBooks Pricing Plans

Lite

The Lite plan costs $15 per month ($180 per year) for up to five billable clients. It includes:

  • Unlimited invoices
  • Unlimited expense entries
  • Unlimited estimates
  • Unlimited time tracking
  • Tax reporting
  • Business health reporting
  • At-a-glance performance dashboards
  • Mobile mileage tracking
  • Online payments (e.g., credit card, ACH transfers)
  • Automated recurring invoices
  • Scheduled late fees
  • Automated payment reminders
  • Automated bank import
  • Client self-service portal
  • Project budgeting and billing

Plus

The Plus plan costs $25 per month ($300 per year) for up to 50 billable clients. It includes all the features of the Lite plan, plus:

  • Unlimited proposals
  • eSignature
  • Double entry accounting reports
  • Bank reconciliation
  • Accountant access
  • Client retainers

Premium

The Premium plan costs $50 per month ($600 per year) for unlimited billable clients. It includes all the features of the Plus plan, plus:

  • Accounts payable
  • Project profitability
  • Customized email templates
  • Automated client emails

Select

The Select plan is intended for companies that require custom services, so those companies can contact FreshBooks directly for a quote. It includes all of the features of the Premium plan, plus:

  • Advanced payments
  • A dedicated Account Manager
  • Customized end user training
  • Data migration services
  • Removal of FreshBooks branding from client emails
  • Two team member accounts
  • Lower credit card transaction fees
  • Integration with Xero and QuickBooks

Other Costs to Consider

Add-on Features

For all pricing plans, if a company wants to add team members to the account, it costs an additional $10 per person, per month. Also, the advanced payments feature costs an additional $20 per month for users on the Plus and Premium plans (it’s standard on the Select plan).

Finally, FreshBooks offers add-on payroll functionality via an integration with Gusto. Interested clients can check out Gusto pricing for more details.

What is the best plan for small businesses?

Because FreshBooks is geared towards small businesses, any of its plans would be suitable based on their needs. Self-employed professionals or businesses with a limited number of clients can check out the Lite plan as it supports unlimited invoices, expenses and time tracking, and has other robust features. Businesses with a large number of clients and/or require additional features can consider the Plus or Premium plans.

Does FreshBooks offer a free trial?

Yes, FreshBooks offers a 30-day free trial.

What is FreshBook’s refund policy?

FreshBooks offers a 30-day guarantee, so if a client isn’t satisfied with the software and wants to cancel, they’ll be eligible for a full refund.

Conclusion

FreshBooks offers four scalable plans that include specific features and is based on the number of billable clients. Prospects can sign up for a 30-day free trial or purchase the Lite, Plus or Premium plans via the FreshBooks website. Companies with more custom requirements can contact the vendor for a quote or to request a demo.

Download Our Accounting Software Pricing Guide