Thread: FreeAgent Central - Free Agent review

Several individual property owner as well as small businesses is too busy fretting about their currency surge to really do something positive about it. That's not astounding really, since most bookkeeping 'solutions' are still drowning in double-entries or jumbled up in trial balances, leaving small businesses with small option but to combatant on with Word as well as Excel.

A warm welcome, then, for Free Agent, a subscription-based web service which present the sort of functionality that such businesses need, however present it through an interface that will attract rather than repel.

The essential contribution gets you support for limitless customers with projects, lets you track time, expenses as well as mileage, make invoices, work with statements downloaded from your bank, create sales tax reports, real-time Profit along with Loss analysis as well as balance sheets, Self Assessment Income Tax calculations also has support for UK VAT.

More exclusive subs add features like profit share calculation, dividend vouchers, basic payroll, PAYE with NI calculation along with Corporation Tax. In terms of looking after your data, Free Agent offers a safe connection, encrypts key fields of every account (company name, bank account details and so on) as well as backup the whole thing every 15 minutes.

Setting up is attractive simple: load in a only some fundamental business details, tell Free Agent when the industry ongoing, about your bookkeeping year, whether you're VAT registered, your opening bank balance moreover so on, then you can set up adding associates from GMail, Outlook, your e-mail address book or by hand.

Free Agent knows about bank accounts and, though it's not most excellent practice, lets you bring in private plus company accounts. It's simple to make an invoice based on your directory of contacts and, even though Free Agent likes businesses that bill by the hour or day, it's also pleased to touch projects where costs are packaged together.

Invoices can be set to make use of letterheaded paper or else e-mailed automatically on the concerned date and there's an easy feature that lets you add your own subtitle graphic to invoices. Expenses as well as bills are gracefully handled as well as you can arrange estimates, track long term development, pay bills as well as handles both Income tax along with VAT.