Are you a small business owner who wants simple accounting software? FreshBooks might be the perfect choice for you. In this FreshBooks Reviews article, I will explain what FreshBooks does, its newest features, and why many people love it.
First, let me introduce you to FreshBooks. You can check it out here: FreshBooks Accounting Software. It is designed to make the hard parts of accounting easy for everyone.
What is FreshBooks?
FreshBooks is an accounting software that helps small business owners keep track of their money. It puts all the important features in one place so you don’t have to look everywhere.
With FreshBooks, you can:
- Track your income and expenses
- Create and send professional invoices
- Manage your bank accounts and transactions
- Keep your books organized and ready for taxes
- Save time on bookkeeping tasks
It is made to be easy to use, even if you don’t know much about accounting.
Why Choose FreshBooks? Key Features Explained
Many small business owners love FreshBooks because it offers features that help them save time and avoid mistakes. Here are some of the most important features:
| Feature | What It Does | Why It Matters |
|---|---|---|
| Manual Bank Connections | Allows you to add bank accounts and upload transactions manually. | Perfect if you don’t want to link your bank or if your bank isn’t supported. |
| Financial Lock | Locks your past accounting periods to avoid accidental changes. | Gives peace of mind when closing your books for a fiscal period. |
| Historical Data Import | Lets you import old bank transactions via CSV files. | Helps you keep all your financial records complete and accurate. |
| Yodlee Bank Connections | Improved bank connection experience with real-time updates and troubleshooting tips. | Makes it easier to keep your books up to date automatically. |
FreshBooks Latest Updates in 2025
The team behind FreshBooks listens closely to business owners. They build new features based on real feedback. Here are the newest updates they released in 2025:
1. Manual Bank Connections
You can now create a bank account manually in FreshBooks. You do not need to set up a direct bank connection anymore. Just add your starting balance and upload your transactions using CSV files.
This update is great if you want to review transactions yourself or if your bank is not supported. You can find this option under the Accounting tab by selecting “Add Bank Account.”
2. Import Historical Banking Data
Previously, FreshBooks imported only the last 90 days of transactions. Now, you can import transactions from any date you want using CSV files. This helps you reconcile your books even for older transactions.
It is especially useful when filing taxes or reviewing your past financial history. You can update your bank reconciliation start date in the Accounting tab.
3. Better Yodlee Bank Connections
If you use Yodlee for bank connections, FreshBooks now offers guided onboarding. You get real-time updates and notifications during imports. If something goes wrong, troubleshooting tips are available inside the app.
This makes keeping your accounts updated easier and less stressful.
4. Financial Lock Feature
When you finish a fiscal period, you can turn on Financial Lock. This prevents any unintentional changes to your past entries. It helps you avoid mistakes and keeps your records safe.
With Financial Lock, you can focus on growing your business without worrying about bookkeeping errors.
How FreshBooks Benefits Small Business Owners
FreshBooks is designed to save small business owners time and hassle. Here are some benefits that users enjoy:
- Simple to Use: No need to be an accountant to use FreshBooks.
- All-in-One Solution: Manage invoices, expenses, and bank accounts in one place.
- Time-Saving Automation: Automatic bank feeds and easy reconciliation.
- Better Financial Control: Financial Lock keeps your records secure.
- Customizable Reports: Get insights to make smart business decisions.
- Responsive Support: Help is available if you get stuck.
Contact Us
Who Should Use FreshBooks?
FreshBooks is perfect for:
- Freelancers who want to track projects and payments
- Small business owners who need simple bookkeeping
- Startups that want to focus on growth, not paperwork
- Anyone who prefers easy-to-understand accounting software
If you want to spend less time managing your books, FreshBooks is a great choice.
FreshBooks Reviews: What Users Say
Many users praise FreshBooks for its easy interface and helpful features. Here are some common comments from customers:
- “FreshBooks makes invoicing fast and professional.”
- “I love that I can manually add bank data when needed.”
- “The Financial Lock feature keeps my accounting safe.”
- “Customer service is quick and friendly.”
- “It saves me hours every month on bookkeeping.”
These reviews show that FreshBooks truly helps business owners manage finances efficiently.
How to Get Started with FreshBooks
Starting with FreshBooks is easy. Follow these steps:
- Visit the FreshBooks website.
- Create an account with your email address.
- Set up your company profile and preferences.
- Add your bank accounts or create manual bank accounts.
- Start sending invoices and tracking expenses.
- Use reports to monitor your business health.
If you need help, FreshBooks provides guides and support to assist you.
FreshBooks Pricing
FreshBooks offers various pricing plans to fit different business needs. Here is a simple overview:
| Plan | Best For | Key Features | Price (per month) |
|---|---|---|---|
| Lite | Freelancers and new businesses | Up to 5 clients, invoicing, expense tracking | Starts at $15 |
| Plus | Growing small businesses | Up to 50 clients, automated reminders, proposals | Starts at $25 |
| Premium | Established businesses | Up to 500 clients, advanced payments, team timesheets | Starts at $50 |
Prices may vary based on promotions or additional features.
Final Thoughts: Is FreshBooks Right for You?
After reading this FreshBooks Reviews article, you might feel confident that FreshBooks can simplify your business accounting. It is easy to use, offers powerful features, and keeps improving based on user feedback.
Whether you want to manually add bank transactions or lock your financial data, FreshBooks has you covered. It helps you spend less time on paperwork and more time growing your business.
If you want to try FreshBooks today, visit FreshBooks Accounting Software and see how it can help your business succeed.
Frequently Asked Questions
What Is Freshbooks Used For?
FreshBooks is accounting software designed for small businesses and freelancers to manage invoices, expenses, and bookkeeping.
How Does Freshbooks Handle Bank Reconciliations?
FreshBooks allows manual or automatic bank reconciliations, including CSV uploads and direct bank connections for easy tracking.
Can I Import Old Bank Transactions Into Freshbooks?
Yes, you can manually import historical bank transactions via CSV to keep all your records updated.
Does Freshbooks Support Manual Bank Account Setup?
FreshBooks lets you create a bank account manually to reconcile transactions without linking your bank directly.
Leave a Reply