FreshBooks Alternative

Cloud-based accounting software for service-based businesses. Strong invoicing features with time tracking, expense management, and client portal.

Accounting SoftwareToronto, CanadaFounded 2003

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Company Overview

About FreshBooks

Cloud-based accounting software for service-based businesses. Strong invoicing features with time tracking, expense management, and client portal.

Team Size:500+
Funding:$90M+

Target Market

Service-based freelancers and small businesses needing invoicing + time tracking

Business Size:

freelancer

Industries:

ConsultingCreative ServicesProfessional Services

Geography:

North AmericaSome UK presence

Features Overview

AI-Powered

UK Compliance

VAT Support

CIS Support

Automation

Mobile App

API Access

Custom Templates

Multi-Currency

Batch Processing

Accounting Integrations

StripePayPalG Suite

Pricing Structure

Lite

GBP15/month
  • 5 billable clients

  • Unlimited invoices

  • Expense tracking

  • Mobile app

  • Basic reports

Users:

5

POPULAR

Plus

GBP28/month
  • 50 billable clients

  • Recurring invoices

  • Project tracking

  • Proposal templates

  • Advanced reports

Users:

50

Premium

GBP48/month
  • Unlimited clients

  • 2 team members

  • Client retainers

  • Priority support

  • Accountant access

Pros & Cons

Strengths

5
  • User-friendly interface (low learning curve)

  • Strong for service-based businesses

  • Excellent time tracking integration

  • Mobile apps (iOS/Android)

  • Good customer support

Weaknesses

5
  • Limited UK-specific features (no CIS)

  • Not great for product-based businesses

  • No AI or OCR capabilities

  • Client limits on lower tiers

  • More expensive than UK alternatives (Xero, QuickBooks)

Customer Reviews

4.5

Overall Rating

4.2

Trustpilot

4.5

G2

4.5

Capterra

Common User Feedback

"Great for freelancers and consultants"

"Time tracking is excellent"

"Lacking UK tax features"

"More expensive than UK alternatives"

Why Choose Elektroluma Over FreshBooks?

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

AI invoice parsing vs FreshBooks' manual entry

UK-specific compliance (VAT, CIS) vs North American focus

Process incoming supplier invoices (FreshBooks only does outgoing)

£29/mo unlimited vs FreshBooks £15/mo for 5 clients

Restaurant/warehouse focus vs generic services

QuickBooks/Xero integration vs FreshBooks lock-in

Easy Migration Path

Use FreshBooks for outgoing invoices/time tracking. Add Elektroluma for incoming supplier invoice automation. Complement rather than replace.

Research & Comparison Resources

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