FreshBooks for Bookkeeping: Honest CFO Review

Understand more of Freshbooks: @fixyourfreshbooks FreshBooks may work well for service-based businesses that need estimates, projects, invoices, and expense tracking — but as bookkeeping software, this one was frustrating. This review walks through the bank feed setup, transaction matching, reconciliation workflow, and why FreshBooks felt much harder to use than QuickBooks Online or Xero from an accountant/CFO perspective Jump to: 0:00 FreshBooks first impression 0:41 What FreshBooks is built for 1:24 Testing FreshBooks for bookkeeping 1:45 Setting up a FreshBooks account 2:17 Connecting bank accounts 2:51 Bank feed limitations 3:35 Starting bank reconciliation 3:53 FreshBooks tutorial recommendation 4:56 Why not to confirm suggested matches too quickly 5:23 Bank reconciliation workflow 6:36 Why the interface felt frustrating 8:00 Matching bank transactions 8:49 The income/invoice issue 9:39 Why this bookkeeping workflow felt too slow 10:18 Tapping out on FreshBooks 10:50 Final FreshBooks review 11:17 What’s next in the software series Here are some of the tools I trust and recommend to help you manage your business finances more effectively. These are affiliate links, which means I may earn a small commission if you use them—at no extra cost to you. Thank you for supporting the Clara CFO channel! 🔢 QuickBooks Online – 30% Off for 12 Months plus 30-day Free Trial https://claracfo.com/QBO Get organized with the most popular small business accounting software. 🏦 Relay Bank – Get a $100 Bonus https://www.claracfo.com/relay Modern banking designed for business owners. Sign up and deposit $100 to claim your bonus. 👥 Gusto Payroll – Earn $100 https://claracfo.com/gusto Run payroll and receive a $100 reward—perfect for growing teams. 💰Monarch Money – Extended 30-Day Free Trial https://claracfo.com/monarch Smart personal finance software for entrepreneurs and families. 📊 RC Reports – Get $50 Off a Compensation Report https://claracfo.com/RCReports Ensure your S-Corp salary is IRS-compliant with a professional comp report. Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/ Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.