FreeAgent
Cloud accounting built for freelancers and UK small businesses.
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FreeAgent is a cloud accounting platform popular in the UK, with full HMRC and MTD (Making Tax Digital) compliance. For US-based freelancers, FreeAgent offers solid invoicing, expense tracking, project management, and financial reporting with a more freelancer-friendly interface than Xero or Sage. A strong choice for freelancers who work with UK clients.
Our Scores
4.2
Ease of Use
4.3
Features
4.2
Value
4.1
Support
Pros & Cons
Pros
- ✓Excellent for UK freelancers with full HMRC and MTD integration
- ✓Built-in project accounting with time tracking
- ✓Automatic bank feeds and reconciliation
- ✓Clear tax timeline showing upcoming obligations
- ✓Free for NatWest and Royal Bank of Scotland business customers (UK)
Cons
- ✗US quarterly tax and Schedule C features are limited
- ✗Less well-known than QuickBooks or Xero in the US market
- ✗Fewer third-party integrations than major competitors
- ✗Mobile app less full-featured than the web version
Best For
- →UK-based freelancers needing MTD compliance
- →Freelancers with international clients in the UK
- →Those who want project-based accounting with time tracking
- →Self-employed professionals wanting an accountant-friendly platform
Not Ideal For
- ✗US freelancers who need Schedule C-specific features
- ✗Those wanting free accounting software
- ✗Large businesses with complex inventory needs
Pricing Plans
FreeAgent (first 6 months)
$12/month
- ✓Invoicing
- ✓Expense tracking
- ✓Project accounting
- ✓Bank feeds
- ✓Tax timeline
FreeAgent (ongoing)
$24/month
- ✓Full access to all features
- ✓Unlimited clients and projects
- ✓MTD filing
- ✓Self-assessment filing
Frequently Asked Questions
Is FreeAgent good for US freelancers?
FreeAgent is a capable accounting tool for US freelancers but lacks US-specific tax features like quarterly estimates. It is better suited as an invoicing and bookkeeping platform paired with a dedicated US tax tool.
Is FreeAgent free with NatWest?
UK-based NatWest and Royal Bank of Scotland business customers get FreeAgent free as part of their banking. This makes it exceptional value for UK freelancers with those banks.
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Tax Information Notice
This content is for informational and educational purposes only. It does not constitute tax, legal, or financial advice. Tax laws change frequently. Always consult a qualified CPA or Enrolled Agent for your specific situation.