FreeAgent Features
What are the features of FreeAgent?
General Ledger
- Journal Entries
- Tags / Dimensions
- Audit Trail
Accounts Receivable
- Invoice Customization
- AR Automation
Accounts Payable
- AP Automation
- Payment Processing
Other Functionality
- Time and Expense
Reporting & Analytics
- Financial Statements
- Dashboards
Platform
- Customization
- User, Role, and Access Management
- Performance and Reliability
- Output Document Generation
Integration
- Data Import and Export Tools
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FreeAgent Categories on G2
Filter for Features
General Ledger
Journal Entries | Based on 14 FreeAgent reviews and verified by the G2 Product R&D team. Increases user efficiency by auto-populating based on previously entered information. Schedules future entries. Allows Journal Entries to be uploaded from an external source. | 81% (Based on 14 reviews) | |
Tags / Dimensions | Based on 13 FreeAgent reviews and verified by the G2 Product R&D team. Ability to tag all transaction in the general ledger with customizable dimensions, classes, categories, etc. These dimensions should be available on any transaction in any module in the system and available to be reported upon. | 72% (Based on 13 reviews) | |
Audit Trail | Based on 13 FreeAgent reviews and verified by the G2 Product R&D team. Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record | 74% (Based on 13 reviews) |
Accounts Receivable
Invoice Customization | Based on 15 FreeAgent reviews and verified by the G2 Product R&D team. The layout of the invoice template is fully customizable and you can add or remove fields. | 84% (Based on 15 reviews) | |
AR Automation | Based on 12 FreeAgent reviews and verified by the G2 Product R&D team. Automation helps the user be more efficient by populating default customer data, setting up systematic payments from clients and automatically matching customer receipts to outstanding transactions. | 74% (Based on 12 reviews) | |
Collections Automation | Based on 11 FreeAgent reviews and verified by the G2 Product R&D team. The system automates the dunning process to help drive collections | 67% (Based on 11 reviews) |
Accounts Payable
AP Automation | Based on 12 FreeAgent reviews and verified by the G2 Product R&D team. Steamlines data entry by auto populating recurring or predefined vendor values | 74% (Based on 12 reviews) | |
Payment Processing | Based on 12 FreeAgent reviews and verified by the G2 Product R&D team. Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow. | 75% (Based on 12 reviews) | |
Purchase Orders | Based on 10 FreeAgent reviews and verified by the G2 Product R&D team. Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process | 77% (Based on 10 reviews) |
Other Functionality
Inventory Tracking / Ordering | Real time inventory tracking. Maintains accurate "On Hand" infomation by matching reserved inventory requested on purchase and sales orders. | Not enough data | |
Inventory Reporting | See feature definition | Customizable reporting allows insight into usage of inventory and services. | Not enough data |
Multi-Entity / Consolidation | Multi-ledger and multi-tenant architecture. Automated consolidations, inter-entity transactions and eliminations | Not enough data | |
Recognition Rules | Automates recognition of revenue and expenses by defining recognition rules. | Not enough data | |
Reconciliations | Transactions are imported from source systems and automated matching reconciles majority of transactions. Includes user flexible, user defined matching and grouping rules to help reduce the time needed to produce accurate reconciliations. | Not enough data | |
Payroll | Based on 10 FreeAgent reviews and verified by the G2 Product R&D team. Payroll module or integration to an external payroll provider which automates the recording of payroll | 77% (Based on 10 reviews) | |
Time and Expense | Based on 13 FreeAgent reviews and verified by the G2 Product R&D team. Automated time and expense capture, tracking, approval, reimbursement and reporting | 81% (Based on 13 reviews) |
Reporting & Analytics
Financial Statements | Based on 14 FreeAgent reviews and verified by the G2 Product R&D team. General reporting offered covers all of the standard financial statements and meets the basic needs of the business | 79% (Based on 14 reviews) | |
Custom Reporting | Based on 11 FreeAgent reviews and verified by the G2 Product R&D team. Reports created by the user to cater to specific requirements. If you can build it in Excel, you can build it in the custom report writer | 68% (Based on 11 reviews) | |
Budgeting / Forecasting | Based on 10 FreeAgent reviews and verified by the G2 Product R&D team. Create and revise an unlimited number of budget, plan and forecast scenarios. | 72% (Based on 10 reviews) | |
Dashboards | Based on 15 FreeAgent reviews and verified by the G2 Product R&D team. An easy to read, often single page, real-time user interface, showing a graphical presentation of the current status and historical trends of an organization's Key Performance Indicators (KPIs) to enable instantaneous and informed decisions to be made at a glance | 82% (Based on 15 reviews) |
Platform
Customization | Based on 12 FreeAgent reviews and verified by the G2 Product R&D team. Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views. | 65% (Based on 12 reviews) | |
Workflow Capability | Based on 10 FreeAgent reviews and verified by the G2 Product R&D team. Automates a process that requires a series of steps that typically require intervention by several different users. Administrators can write rules to determine who and when a user needs to complete a step. Also includes notification of users when they need to take action. | 73% (Based on 10 reviews) | |
User, Role, and Access Management | Based on 14 FreeAgent reviews and verified by the G2 Product R&D team. Grants access to select data, features, objects, etc. based on the users, user role, groups, etc. | 82% (Based on 14 reviews) | |
Internationalization | Based on 11 FreeAgent reviews and verified by the G2 Product R&D team. Enables users to view and transact business with the same content in multiple languages and currencies. | 71% (Based on 11 reviews) | |
Performance and Reliability | Based on 14 FreeAgent reviews and verified by the G2 Product R&D team. Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took. | 88% (Based on 14 reviews) | |
Output Document Generation | Based on 12 FreeAgent reviews and verified by the G2 Product R&D team. Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.
| 76% (Based on 12 reviews) |
Integration
Data Import and Export Tools | Based on 14 FreeAgent reviews and verified by the G2 Product R&D team. Ability to input, modify and extract data from the application in bulk through a structured file. | 79% (Based on 14 reviews) | |
Integration APIs | Based on 11 FreeAgent reviews and verified by the G2 Product R&D team. Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications. | 76% (Based on 11 reviews) | |
Breadth of Partner Applications | To what extent are there partner applications readily available for integrating into this product? Partner applications typically provide complementary, best of breed functionality not offered natively in this product. | Not enough data |
Cash Flow
Track Cash Flow | Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds. | Not enough data | |
Income and Expenses | Based on 10 FreeAgent reviews and verified by the G2 Product R&D team. Add one-time or recurring cash flow items and add line items for each payment or deposit. | 82% (Based on 10 reviews) | |
File Exports | Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis. | Not enough data |
Budgeting & Forecasting
Budgeting / Forecasting | Based on 10 FreeAgent reviews and verified by the G2 Product R&D team. Create and revise an unlimited number of budget, plan and forecast scenarios. | 72% (Based on 10 reviews) | |
Data Import | Import trial balance, monthly P&L, balance sheets, and other types of financial data | Not enough data | |
Versioning | Keeps track of all versions of a budget and allows users to compare versions | Not enough data | |
Historical Data | Forecasting is based on past transactions and historical financial or operational data | Not enough data |
Revenue
Revenue Types | Supports multiple types of revenues, such as recurring and transaction based | Not enough data | |
Revenue Allocation | Allows users to allocate revenues to various business entities or departments | Not enough data | |
Scheduling | Automatic scheduling to ensure that revenue is recognized at the proper time | Not enough data |
Payroll
Direct Deposit | Automatically deposits paychecks into employees' bank accounts. | Not enough data | |
Tax Calculation | Calculates taxes due and may include resources or tools for federal and state tax compliance. | Not enough data | |
Reporting and Dashboards | Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes. | Not enough data |
AI
Data Extraction | Uses AI to automatically input data from receipts, invoices, and other documents | Not enough data | |
Invoice Processing | Uses AI to generates, send, and track invoices | Not enough data | |
Expense Management | Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns | Not enough data | |
Fraud Detection | Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time | Not enough data | |
Tax Compliance | Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns | Not enough data | |
Support Chatbots | Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports | Not enough data | |
Bank Reconciliations | Uses AI to match transactions recorded in the accounting system with those in bank statements | Not enough data | |
Report Generation | Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business | Not enough data | |
Customizable Alerts | Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances | Not enough data | |
Predictive Analytics | Uses AI to analyze data to identify trends and make predictions | Not enough data |
Mobile Applications - Accounting
Cloud Integration | Enables synchronization of accounting data across devices in real-time | Not enough data | |
Notifications | Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines | Not enough data | |
UI | Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables | Not enough data | |
Offline | Allows users to view and update certain data without an internet connection | Not enough data | |
Expense Tracking | Allows users to capture and upload expense receipts directly from mobile devices | Not enough data | |
Invoice Management | Enables creation, editing, and sending of invoices | Not enough data |
