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FreeAgent — Accounting software built for freelancers and small businesses in the UK

Invoicing & Accounting
🥇 Team Flat Rate

FreeAgent is cloud accounting software designed specifically for freelancers, sole traders, and small businesses. It handles invoicing, expenses, bank reconciliation, tax estimates, and UK-specific features like MTD VAT returns and Self Assessment — making tax season painless.

Best for

  • +UK freelancers and sole traders needing MTD-compliant accounting
  • +Small businesses wanting to reduce accountant dependency
  • +Anyone who dreads Self Assessment and VAT returns

Not ideal for

  • −Businesses outside the UK (UK tax features are the main selling point)
  • −Companies with 20+ employees (better suited for Xero or QuickBooks)
  • −Teams needing advanced inventory or multi-currency features

Illustrative Case Study

Based on realistic usage patterns and typical results reported by users — not a verified customer story. Numbers are illustrative.

✗

The Problem

A freelance web developer in the UK was paying an accountant £200/month to handle invoicing, expense tracking, and quarterly VAT returns. Despite the cost, tax estimates were always last-minute surprises, and the developer had no real-time view of profitability.

→

The Solution

Switched to FreeAgent (£24/mo). Connected bank feeds for automatic reconciliation, set up recurring invoices for retainer clients, and enabled real-time tax estimates. Self Assessment and VAT returns now generated with one click.

✓

The Result

Accountant costs dropped from £200/mo to £0 (self-service with FreeAgent). Real-time tax estimates eliminated year-end surprises. The developer saved 4 hours/month on admin and always knew exactly how much tax was owed.

💡 ROI Estimate: Tool costs £24/mo. Saved accountant fees: £200/mo. ROI: 8x+ (plus time savings and peace of mind).

— Frequently asked questions about FreeAgent

Is FreeAgent good for UK freelancers?+
Yes. FreeAgent is specifically designed for UK tax rules including Making Tax Digital, Self Assessment, and VAT returns. It's the most popular accounting software for UK freelancers and contractors.
FreeAgent vs Xero: which is better for UK?+
FreeAgent is simpler and better for sole traders and freelancers. Xero offers more features for growing businesses with employees. FreeAgent wins on UK tax compliance ease of use.
How much does FreeAgent cost?+
FreeAgent costs £19/month (+VAT) for sole traders. NatWest, RBS, and Ulster Bank customers get FreeAgent free as part of their business banking.
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— See also in Invoicing & Accounting

F

FreshBooks

Get paid faster — invoicing so simple your clients actually pay on time

X

Xero

Accounting software your accountant will thank you for using

Q

QuickBooks

The accounting software 7 million businesses trust — and your accountant already knows

💰 Your ROI Calculator

Personalize the estimate — what's your time worth?

$/hr

FreeAgent saves ~8 hrs/mo on invoicing, expense tracking, and tax return preparation.

Time value (8 hrs × $50)$400/mo
Tool cost−$30/mo
Net monthly savings$370/mo
ROI multiple13x return

* Estimate based on typical usage. Your actual results will vary.

Pricing

Starting from£24/mo (full product)
✓ 30-day free trial

Quick facts

CategoryInvoicing & Accounting
Headquarters🇬🇧 UK
◆4.5/ 5.0Boring Score

💡 Tool costs £24/mo. Saved accountant fees: £200/mo. ROI: 8x+ (plus time savings and peace of mind).

Visit FreeAgent