If you are a beginner who does not know how to use FreshBooks accounting software mentioned below are the steps which you can ace the basics of the platform:
1. Sign Up and Set Up Your Account
- Go to the FreshBooks website and create an account. You can start with a free trial to explore the features.
- Once registered, enter your business information, including your name, address, and logo. Customize the settings according to your preferences.
2. Dashboard Overview
The FreshBooks dashboard gives you a quick overview of your business's financial health, including outstanding invoices, expenses, and profits.
3. Create Invoices
- Click on "Create New" and then "Invoice."
- Add your client's details, including their name, email, and address.
- List the services or products you are billing for, including descriptions, quantities, and rates.
- Set the payment terms, due date, and applicable taxes.
- Once you're done, you can save the invoice as a draft, preview it, or email it directly to your client.
4. Track Expenses
- Click on "Create New," and then click "Expense."
- Enter the vendor, category, amount, and date, and attach any receipts if necessary.
- This helps you keep track of all business-related spending.
5. Manage Clients
Add and manage your clients. You can view client-specific information, including past invoices and payments.
6. Track Time
- Log time spent on specific projects. You can create time entries manually or use the timer feature.
- Time entries can be turned into invoices for billable hours.
7. Generate Reports
Generate financial reports such as profit & loss statements, tax summaries, and expense reports. These reports help you understand your financial standing.
8. Payments and Integrations
- Enable online payment options like credit card payments or ACH transfers, making it easier for clients to pay.
- FreshBooks integrates with various third-party applications such as payment gateways, project management tools, and more.
9. Mobile App
FreshBooks offers a mobile app that allows you to manage your business on the go. You can create invoices, track expenses, and communicate with clients from your mobile device.
