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FreeAgent offers one single plan, which is available for $27 per month if billed on a monthly basis, or $270 per year if billed on a yearly basis. However, the provider is currently offering a promotional offer, meaning that new customers can get 50% off a monthly plan ($13.50 per month) for the first six months, or 50% off a yearly plan ($135 per year) for the first year.
During our latest round of research, our team concluded that FreeAgent represented the best value-for-money provider out of all the accounting platforms that we tested. In this guide, I’ll be unpacking everything that you need to know about FreeAgent pricing, including plan details, hidden fees, add-ons, and more.
Hopefully, this guide will give you everything you need to know before deciding whether or not to make a commitment to this provider. For a comprehensive guide to the best options on the market, be sure to check out our list of the best accounting providers for small businesses.
FreeAgent Pricing Plans: At a Glance
As I mentioned in the introduction, FreeAgent offers one single plan, which customers can either pay for on a monthly or yearly basis. With most other platforms offering three or more pricing tiers, this simplicity is refreshing. Below, you’ll find some key at-a-glance facts about FreeAgent.
Pros
- Simple, low cost pricing options for businesses
- Built-in tax forecasting tools for future financial planning
- Helpful cash flow alerts for surpluses and shortfalls
Cons
- Overly complex and unhelpful support options
- Difficult to navigate for basic feature usage
- Distracting call-to-action buttons everywhere
- Billed monthly: $27/month
- Billed annually: $270/year
- 30-day free trial
FreeAgent pricing starts at just $27 per month if billed on a monthly basis. However, with the company currently running a promotional offer, new customers can get 50% off for the first six months, meaning that you’ll pay just $13.50 per month for six months.
Similarly, if you opt to pay on a yearly basis, you’re looking at $270 per year – or, rather, $135 per year for the first year, thanks to the promotional offer in question. With that equating to just $11.25 per month, FreeAgent really is a steal.
For a relatively modest outlay, you’ll get an easy-to-use platform with an intuitive interface, simple navigation, and templates to simplify repeat actions. While it doesn’t offer the most robust core accounting feature set, FreeAgent will prove a more than sufficient option for customers whose main priority is saving costs.
The FreeAgent dashboard provided us with a snapshot of your business’s financial situation. Source: Tech.co testing
Does FreeAgent have a free plan?
With “free” in the name, you might be expecting this provider to have a free plan. Unfortunately, that is not the case. Instead, customers can get a 30-day free trial to get a feel for the platform before making a commitment.
However, if you have a current business account with one of Natwest, Royal Bank of Scotland, or Ulster Bank, you can get your hands on FreeAgent at no extra cost. Likewise, if you have an account with Mettle and use it to make at least one transaction per month, FreeAgent is yours at no added cost.
If you don’t fall into those parameters and you’re determined not to spend a dime, you can check out our list of the best free accounting platforms on the market.
FreeAgent Add-Ons, Hidden Costs, and Integrations
Like a lot of its contemporaries, FreeAgent offers a selection of optional add-ons, some of which incur an added cost. For instance, the provider allows you to connect your account to PayPal or Stripe so that your end customers can pay you directly from within their invoices. Rather than paying an additional monthly fee, you’ll be charged a small fee per transaction. You can find a full list of Stripe transaction fees here, and a full list of PayPal fees here.
Users can also integrate with Basecamp, a fairly average project management tool. If you do so, you’ll be able to import your Basecamp contacts and project data into your FreeAgent account.
This is a great option for businesses that work on a billable basis, as you can accurately invoice your clients based on your project progress, without needing to cross-check between two different platforms.
FreeAgent Pricing vs Competitor Pricing
During our latest round of research, our team concluded that FreeAgent had the best pricing on the market. With a single, transparent plan and two pricing options, the accounting provider is designed with simplicity in mind.
Many of FreeAgent’s contemporaries offer upwards of three tiers, which can make it hard for businesses to know where to start. What’s more, it can sometimes be difficult to upgrade your existing plan, with some providers charging an upgrade fee. FreeAgent waives those headaches.
At the same time, we understand that your business is your business, and you may be keen to explore some FreeAgent alternatives. In the table below, you’ll find a snapshot of some other providers from across the accounting landscape.
| Starting price | Free trial | Best for | Pros | Cons | Try now | ||
|---|---|---|---|---|---|---|---|
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| 30 days | 14 days | 30 days | 30 days | 30 days | 30 days | ||
| Forecasting and prediction tools | Inventory management | Integrations | Advanced customization | Help & support | Multi-currency invoicing | ||
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| Get Quotes | Try Zoho Books | Try Xero now | Try QuickBooks | Try FreshBooks | Get Quotes |
At Tech.co, we take our impartial research and analysis seriously, so you can have complete confidence that we're giving you the clearest, most useful recommendations.
After conducting an initial investigation to identify the most relevant, popular, and established accounting tools in the market, we conducted further research, including testing six major accounting software platforms.
Based on years of market and user needs research, we've established an accounting software testing methodology that scores these platforms against six main categories, and 25 subcategories - with a total of 1512 areas of investigation being considered overall.
We also put the platforms through their paces with hands-on testing to gain a deeper grasp of their average user experience. We dedicated 57 hours to carrying out 37 user tests, with a total of 555 tasks being completed in total.
Our main testing categories for accounting software are:
- Core accounting features - We check how adept a platform will be at managing accounting tasks, focusing on key bookkeeping features like invoicing, tax preparation, journal entry, time tracking, financial transactions, and payment support.
- Operational efficiency - We determine how capable a system is at ensuring day-to-day processes run seamlessly, paying close attention to third-party integrations, collaboration tools, AI automation, and customization options.
- Financial planning - We assess how capable a system will be at measuring income, profits, and losses. Specifically, we check for the presence and quality of forecasting and budgeting, inventory management, reporting, and compliance tools.
- Help and support - We asses how useful and reliable a platform's support system is, focusing on support options, whether it's 24/7, knowledge center accuracy, as well as cloud backup, and security safeguards.
- Pricing - We compare the overall cost of each platform, taking factors like monthly costs, set-up fees, hidden fees, and free plans into account. We also measure how strict contracts are, and how much it would cost for a business to terminate them early.
- User experience - An overall judgment of how easily users can interact with the platform. We tested each accounting platform and got our team to report how easy they were to use, how they felt when they were using them, and how likely they were to recommend the platform to another business.
When it comes to calculating a product's final score, not all testing areas are weighted evenly, with factors like ‘core accounting features’ and ‘operational efficiency’ being prioritized for small businesses, while sector-specific features are valued more highly for businesses across different industries.
We understand that accounting software is always evolving. That’s why at Tech.co, we have full-time product researchers to re-run this testing process regularly. It’s the only way to ensure our results remain reflective of the present day.
Learn more about our research.
Verdict – Is FreeAgent Good Value for Money?
Yes, FreeAgent is excellent value for money. The provider offers a single plan, which customers can pay for one of two ways. If you opt to pay monthly, you’re looking at $27 per month. However, FreeAgent is also currently running a promotional offer, so for the first six months, you’ll only be paying $13.50 per month.
If you choose to pay on a yearly basis, you’ll be paying just $135 for the first year, thanks to the same promotional offer. This equates to just $11.25 per month, which is pretty unbeatable. After that first year, your price will revert to $270 per year.
All told, FreeAgent is unmatched when it comes to pricing. For a small monthly fee, you’ll be getting your hands on a perfectly serviceable accounting tool with some neat tax forecasting tools and an easy-to-use interface. It’s a great option for small businesses with one eye on costs.
However, businesses looking for a more robust solution may find themselves disappointed with FreeAgent, which lacks some advanced functionality. In which case, check out our in-depth comparison guide to find out which of these platforms is the best fit for your business.
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