My old system involved creating an invoice PDF, manually calculating the VAT and expenses, sending it and entering into a spreadsheet, then watching my bank statements to for payment. This used to take time and was prone to inaccuracies.

@DA: As you found out, you can reconcile multiple payments in a single transaction but it could be much more obvious and we are going to overhaul this significantly. In the mean time:

http://www.freeagentcentral.com/support/knowledge-base/reconciling-multiple-invoices-in-one-payment

@NMQB: Mutli-currency is probably our number 1 requested feature after late payment reminders, which we’re releasing next, so it’s hopefully not too far off. We’ll keep you posted.

Too bad, it looks like a really nice app.

You just have to state a figure less than the amount you’re reconciling – it then figures out not to mark the bank’s figure as fully reconciled, leaving it in red ink.

I’m pretty happy with this app now.

Other than that – great app. But this is a really big problem. Xero can do the split transactions, and I almost went over to that, but there are other features I like in FreeAgent that led me to keep hacking away. The reminders, the corporation tax calculation, and the obvious care which has gone into the app.

Care which is lacking from Clearbooks – it looks like they just haven’t got the resources to file down the many rough edges on that site. That might sound superficial but with this kind of site you have to be able to trust that they are able to keep up with changes with tax rates and so on. Impeccable maintenance of the site’s design and implementation gives this confidence. Xero has this quality in spades, FreeAgent is up there as well, while Clearbooks has tried hard but doesn’t make it, and Kashcow lol.

You asked – we pretended we didn’t hear anything. You asked again – we listened. You asked yet again – we finally did something about it! This week’s release sees the massively anticipated feature of being able to create invoices without needing a project.
Invoicing without a project

Yes it’s true. It’s now possible to create invoices without adding a project first. Simply go to your Invoices page and select Add an Invoice. You will need to select an existing Contact name, or add a new one here, and you can optionally associate it with a project.

Voilà! Your new invoice has been created and not a project in sight. Lots of people have been requesting this feature so do let us know what you think.

I’ll definitely be checking this out – it was the biggest problem (from my point of view) with FreeAgent