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Best for Consultancies, digital agencies, and B2B service firms billing by retainers, milestones, or tracked hours
FreshBooks Review (2026)
Client invoicing, retainer billing, project profitability tracking, and double-entry cloud accounting.
9.1
Exceptional
★★★★★
RankRibbon B2B Executive Verdict
FreshBooks is the premier accounting and billing platform for B2B service agencies, consultancies, and professional service firms.
✓ Why Buyers Choose FreshBooks
- ✓ top-rated client invoicing, recurring retainer management, and automated late-payment reminders
- ✓ Built-in time tracking converts billable employee hours directly into itemized client invoices
- ✓ Project Profitability dashboard shows real-time margin after contractor and labor costs
- ✓ Significantly more intuitive for non-accountant agency founders than QuickBooks Online
✕ Limitations to Watch Out For
- ✕ 50-client cap on Plus forces high-volume small-ticket businesses onto the $65/mo Premium tier
- ✕ Additional team seats ($11/user/mo) add up for agencies where 15+ consultants need to log billable time
- ✕ Lacks advanced warehouse inventory and manufacturing BOM tracking
Detailed Performance & Feature Breakdown
FreshBooks is the premier accounting and billing platform for B2B service agencies, consultancies, and professional service firms.
Pricing & Total Cost of Ownership
Base plans include 1 user login (+1 free accountant seat); additional team members tracking time or sending invoices cost $11/user/month.
FreshBooks Pricing & Plans Comparison
Lite
$21/mo
per month (up to 5 billable clients) • +$11/mo per extra user
- ✓ Unlimited invoices to 5 clients
- ✓ Automated expense & receipt tracking
- ✓ Time tracking & sales tax reports
Plus
$38/mo
per month (up to 50 billable clients) • +$11/mo per extra user
- ✓ Recurring billing & client retainers
- ✓ Double-entry accounting & accountant access
- ✓ Proposals, e-signatures & mobile mileage
Premium
$65/mo
per month (unlimited billable clients) • +$11/mo per extra user
- ✓ Project profitability & accounts payable
- ✓ Customizable email templates & late fee automation
- ✓ Lower ACH bank transfer fees
Select
$110/mo
custom pricing (includes 2 team seats) • Unlimited clients
- ✓ Lower credit card transaction rates
- ✓ Dedicated account manager & data migration
- ✓ Slack & custom reporting integrations