FreeAgent Articles

As a FreeAgent Premium Partner, Umbrella Accountants would like to congratulate FreeAgent on their recent flotation on the London Stock Exchange.

The company  was set up in 2007 by the three founders, Ed Molyneux, Olly Headey and Roan Lavery who were finding nothing suitable for their accounting needs in the marketplace. Set up with the intention of making accounting less painful for end users the company has gone from strength to strength since then winning prestigious Software Satisfaction Awards and thousands of new users along the way.

Umbrella Accountants moved to FreeAgent over two years ago because we also wanted to make handling finances as simple as possible for our contractors so it was a natural fit. We have attended Partner conferences at the head offices Scotland where we have seen much of what the future holds for the software, as well as taking part in round table discussions on tax changes that affect contractors and freelancers.

Congratulations once more to everyone at FreeAgent and we look forward to continuing to grow with them.

Incurring the same expense each week?

You can save time by setting up recurring expenses each month/week

You can add the expense, category, date, description etc. If the expense is recurring, you will then chose from the drop down menu how often you wish for it to be logged (every week, two weeks etc).

On the FreeAgent overview page, you can see a ‘Tax TimeLine’ tab on the bottom right which will provide you with an estimate of what your current Tax liabilities are...

If you have more than one unexplained transaction related to the same category on your FreeAgent portal, you can explain these in one go by clicking on the ‘more options’ tab and tick the relevant transactions.  For instance if you have bought a number of train tickets you can quickly allocate all of those transactions to travel costs in a few clicks.