FreshBooks

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Freshbooks
FreshBooks Logo
Developer(s)2ndSite Inc[1]
Initial release2004; 16 years ago (2004)[2]
Stable release
2019
Operating systemWindows, macOS, Linux, Solaris, Unix, IBM[3]
Available in12 languages
List of languages
English, French, Danish, Estonian, German, Italian, Norwegian, Portuguese, Spanish, Spanish (Latin American), Swedish<[4]
TypeAccounting software, Cloud computing, SaaS
LicenseProprietary
Alexa rankDecrease 6,307 (August 2019)[5]
Websitewww.freshbooks.com

FreshBooks is accounting software owned by 2ndsite Inc. Their product uses a web-based software as a service model, whereby instead of installing and maintaining software locally, the software is accessed through a desktop or mobile device. Also known as "cloud accounting software.”[6]

FreshBooks’ accounting software is geared mainly toward service based small and medium-sized businesses and is priced on a pay-per-use recurring monthly fee.[7]

History[edit]

FreshBooks was founded in 2004 by Mike McDerment in Toronto, Ontario. McDerment incorporated a second company, BillSpring in January 2015. BillSpring was created to experiment with new development, research, design and engineering processes. It was rolled back into FreshBooks as an updated interface in 2016.[8]

Initially FreshBooks functioned like an electronic invoicing program targeting IT professionals.[9] The initial release of FreshBooks is now referred to as “FreshBooks Classic.” [10] FreshBooks Classic’s front-end application was built in PHP, and the backend services were built in python.[11]

In September 2016 FreshBooks launched a $7 million upgrade to their platform. Updates included a simplified invoicing template and expense entries that look like actual receipts.[12]

February 2020, FreshBooks announced the opening of international offices in Raleigh, North Carolina and Amsterdam, Netherlands.[13]

Supported operating systems[edit]

Windows 7, Windows Vista, Windows XP, Mac OS, Linux, HP-UX, AIX, Solaris, Unix, IBM OS/400, Web browser (OS agnostic), Windows 2000, Windows 8, Windows 10 [14]

International versions[edit]

Versions of this product are available internationally with users in 120 countries. As of June 2018, users can change languages and currency to the following: English, Danish, Dutch, French, German, Greek, Italian, Portugese, Romanian, Spanish, Spanish (Latin America) and Swedish.[15]

FreshBooks supports the country specific tax calculation needs of Canadian, United States and British users. Canada's GST, HST, Sales taxes in the United States, UK based MTD and other compliance requirements are supported by Freshbooks.[16]

To meet United Kingdom Open Banking requirements, FreshBooks began providing UK specific services, providing users an HM Revenue and Customs-approved value-added tax in the United Kingdom report with an integration to digitally submit to HMRC.

FreshBooks offers the ability to connect to UK-specific bank accounts like Barclays, HSBC UK, NatWest, Lloyds Banks, and Santander UK.[17]

See also[edit]

References[edit]

  1. ^ "2ndSite Inc – Company Profile". Bloomberg Markets. Retrieved 2019-12-12.
  2. ^ "The Freshbooks Story". Retrieved 2019-12-12.
  3. ^ "Freshbooks Software – 2019 Pricing, Features, Demo". Retrieved 2019-12-12.
  4. ^ >"Languages Freshbooks". Retrieved 2019-12-12.
  5. ^ "Freshbooks.com Site Info". Alexa Internet. Retrieved 2019-08-21.
  6. ^ "2ndSite Inc – Company Profile". Bloomberg Markets. Retrieved 2020-02-10.
  7. ^ "FreshBooks Pricing". FreshBooks. Retrieved 2020-02-11.
  8. ^ "Forbes Company Page". Forbes. Forbes. Retrieved 11 February 2020.
  9. ^ Becky Reuber (2012-12-14). "Case Study: From his parents' basement, entrepreneur builds accounting powerhouse". The Globe and Mail. Retrieved 2020-02-11.
  10. ^ "FreshBooks Launches Completely Redesigned Product Aimed at Self-Employed Professionals and Their Teams". FreshBooks. Retrieved 2020-02-12.
  11. ^ "What Language (or Framework) is FreshBooks built in?". Quora. Retrieved 2020-02-11.
  12. ^ Elaine Pofeldt (2016-09-20). "FreshBooks to Launch $7 Million Upgrade Today". Forbes. Retrieved 2020-02-11.
  13. ^ "FreshBooks, Leading Small Business Accounting Software, Launches in the UK". Yahoo! Finance. February 11, 2020. Retrieved 2020-02-11.
  14. ^ "FreshBooks Software". Software Advice. Software Advice. Retrieved 11 February 2020.
  15. ^ "New: More Languages Added to FreshBooks". FreshBooks Cloud Accounting. June 11, 2018. Retrieved 2020-02-11.
  16. ^ "FreshBooks, Leading Small Business Accounting Software, Launches in the UK". Yahoo! Finance. February 11, 2020. Retrieved 2020-02-11.
  17. ^ Maddy Christopher (2020-02-26). "FreshBooks expansion: From Amsterdam to the UK". AccountingWeb. Retrieved 2020-03-05.