(60 percent off for the first four months during current promotion)

FreshBooks is an intuitive, easy-to-use accounting software designed for small business owners who do not have an accounting background. It allows users to easily create invoices, manage projects, track expenses, track time, track loans and file tax. As a cloud-based platform, it is accessible across all devices.

FreshBooks was originally engineered as an invoice creation and tracking project to help small businesses get paid faster. Nearly 20 years after its creation, the accounting software still focuses on helping business owners get paid quickly and accurately. Features like recurring invoices, automated payment reminders and online payments make it easy for clients to pay how they like.

FreshBooks offers four plans starting with the Lite plan at £15 per month (£7.50 per month during the current promotion). This plan allows users to send unlimited invoices to up to five clients, track unlimited expenses, send unlimited estimates, and accept credit card payments. Each additional plan unlocks features, such as double-entry accounting reports, mobile mileage tracking, run financial and accounting reports, track bills, bill payments and vendors with accounts payable, track project profitability and more.

Who should use it:

FreshBooks is the best overall cloud accounting software due to its plethora of features to accommodate any type of business, an easy-to-use interface and set of affordable subscription plans.