FreeAgent Alternative

FreeAgent is UK-focused accounting software designed for freelancers, micro-businesses, and contractors. It offers invoicing, expenses, projects, VAT returns, and Making Tax Digital compliance with excellent UK tax features including CIS for construction.

Accounting SoftwareEdinburgh, ScotlandFounded 20070.1M users

Visit Website

Back to All Alternatives

Company Overview

About FreeAgent

FreeAgent is UK-focused accounting software designed for freelancers, micro-businesses, and contractors. It offers invoicing, expenses, projects, VAT returns, and Making Tax Digital compliance with excellent UK tax features including CIS for construction.

Team Size:101-250

Target Market

UK freelancers, contractors, and micro-businesses with 1-5 employees

Business Size:

freelancer

Industries:

FreelancingConstructionIT ContractingConsulting

Geography:

UK

Features Overview

AI-Powered

UK Compliance

VAT Support

CIS Support

Automation

Mobile App

API Access

Custom Templates

Multi-Currency

Batch Processing

0

Accounting Integrations

N/A - is the accounting software

Pricing Structure

Monthly

GBP33/month
  • 50% off first 6 months (£16.50)

  • Unlimited invoices

  • Expense tracking

  • Project management

  • MTD VAT filing

  • Self Assessment

  • CIS support

POPULAR

Annual

GBP330/year
  • 50% off first year (£165)

  • All features included

  • Save £66/year vs monthly

  • Priority support

Pros & Cons

Strengths

8
  • Excellent UK tax features (VAT, CIS, Self Assessment)

  • Direct HMRC filing for VAT and Self Assessment

  • Great for UK contractors and freelancers

  • CIS support for construction

  • Time tracking and project management

  • Smart Capture AI for receipt scanning

  • Strong UK customer support

  • 50% discount for first 6 months

Weaknesses

7
  • Expensive at £33/month after discount period

  • Full accounting platform - overkill for just invoicing

  • Smart Capture AI is £6/month extra

  • Not designed for larger teams

  • Limited integrations vs Xero

  • Primarily UK-only features

  • Annual price increases

Customer Reviews

4.5

Overall Rating

4.6

Trustpilot

4.4

G2

4.5

Capterra

Common User Feedback

"Perfect for UK contractors - CIS support is excellent"

"Self Assessment filing is seamless"

"A bit expensive but worth it for UK features"

"Great customer support team"

Why Choose Elektroluma Over FreeAgent?

Elektroluma Advantages

AI-Powered Automation

Automated invoice parsing and data extraction with 99% accuracy. No manual data entry required.

90% Faster Processing

Process invoices in under 5 seconds vs 5-10 minutes manual entry. Save hours every week.

UK-First Compliance

Built-in VAT, CIS, and HMRC compliance. Designed specifically for UK small businesses.

UK Data Residency

All data stored in UK data centers. GDPR compliant with UK-based support team.

Key Differentiators

Elektroluma is just invoicing - 12% cheaper (£29 vs £33)

AI-powered invoice extraction - FreeAgent requires manual entry

Mobile-first for tradespeople on job sites

Trade certifications (Gas Safe, NICEIC) built in

No accounting knowledge required

Can integrate WITH FreeAgent - use both together

Easy Migration Path

Don't replace FreeAgent - use Elektroluma alongside it! Let Elektroluma handle invoice capture from photos, then sync to FreeAgent for accounting and tax. Save time and money.

Research & Comparison Resources

Other Accounting Software Alternatives