FreeAgent vs QuickBooks Time

FreeAgent is accounting software for business administration, invoicing, expenses, tax reporting and business reports. It builds real-time accounts from bank statements, invoices and expenses, with Profit and Loss, Balance Sheet and Trial Balance reports. Users can create recurring invoices, automate late-payment reminders, turn estimates into invoices and accept payments through Stripe and PayPal. FreeAgent can generate MTD-compatible VAT returns and file them directly to HMRC; payroll calculates PAYE and National Insurance and can submit Real Time Information payroll to HMRC. Its iOS and Android apps cover expense recording, time tracking, invoice management and bank transaction reconciliation. It supports bank feeds from most UK banks via Open Banking and connections to HMRC for MTD VAT. The software is designed for small businesses, accountants and bookkeepers. A free plan is listed, alongside paid plans such as Sole trader at £10 a month and Limited company at £33 a month. Smart Capture includes up to 10 receipts and bills per month as standard; a paid Unlimited add-on removes that cap.

QuickBooks Time is paid time-tracking software for recording work against projects and billable time. It supports timesheet approvals and data export, covering time entry, review, and moving data out of the service. The product is available on the web and through iOS and Android mobile apps; there is no desktop app. QuickBooks Time offers Time Premium and Time Elite, and each plan includes one admin. A 30-day trial is available, but there is no free plan. The maker is QuickBooks Time, headquartered in Mountain View, California, United States, and founded in 1983. The listed features give teams a defined set of tracking and approval functions, along with browser and mobile access. Buyers can use the trial before choosing between the two plans, though the plan details provided do not include their prices.