FreeAgent vs Float (2024 Comparison)
FreeAgent simplifies financial management with its comprehensive accounting features. Its user-friendly interface and excellent customer support make it a top choice for small businesses.
- Comprehensive accounting features.
- User-friendly interface.
- Excellent customer support.
- Limited resource management.
- Basic project tracking.
Free plan?
NoStarting price
$13.50 per month
Float offers advanced resource scheduling and robust project tracking, making it an ideal tool for businesses focused on optimizing team performance and collaboration.
- Advanced resource scheduling.
- Robust project tracking.
- Great team collaboration.
- Limited invoicing features.
- Basic tax management.
Free plan?
YesStarting price
$59 per monthWhat is FreeAgent?
FreeAgent is a comprehensive accounting software designed to simplify financial management for small businesses and freelancers. It offers features like invoicing, expense tracking, and tax management, making it easier for users to handle their finances efficiently. With its user-friendly interface, FreeAgent helps users save time and reduce the stress of managing their accounts, allowing them to focus on growing their business.
What is Float?
Float is a powerful resource management tool that helps businesses plan and manage their team's workload effectively. It provides a visual interface for scheduling, allowing users to allocate resources, track project progress, and optimize team performance. Float's intuitive design and real-time updates make it an essential tool for businesses looking to improve productivity and ensure projects are completed on time.
Pros and Cons of FreeAgent vs Float
Pros & Cons of FreeAgent
- FreeAgent offers a wide range of accounting features, including invoicing, expense tracking, and tax management. These features make it an ideal choice for small businesses looking to streamline their financial processes.
- FreeAgent's intuitive interface makes it easy for users to navigate and manage their finances. This user-friendly design reduces the learning curve and allows users to focus on growing their business.
- FreeAgent provides responsive and helpful customer support, ensuring users receive the assistance they need. This level of support is particularly valuable for small businesses that may require guidance in managing their finances.
- FreeAgent's resource management capabilities are limited compared to dedicated tools like Float. Businesses focused on resource management may find FreeAgent lacking in this area.
- FreeAgent offers basic project tracking features, which may not be sufficient for businesses with complex project management needs. Users seeking advanced project tracking should consider other options.
Pros & Cons of Float
- Float excels in resource scheduling, providing a visual interface for managing team workloads. This feature is particularly valuable for businesses looking to optimize resource allocation and improve team productivity.
- Float offers comprehensive project tracking features, allowing users to monitor project timelines and team performance. This capability is essential for businesses focused on delivering projects on time and within budget.
- Float enhances team collaboration with features like shared calendars and communication tools. These features ensure that team members are aligned and working efficiently towards common goals.
- Float's invoicing capabilities are basic compared to dedicated accounting tools like FreeAgent. Businesses with complex invoicing needs may find Float lacking in this area.
- Float does not offer dedicated tax management features, which may be a drawback for businesses needing comprehensive tax support. Users requiring advanced tax management should consider other options.
FreeAgent vs Float: At A Glance
Value to Price
FreeAgent offers a robust set of features at a competitive price, making it a great choice for small businesses looking for value. Float, on the other hand, provides excellent resource management capabilities, which justifies its slightly higher price point. If you're looking for a tool that offers more value for resource management, Float is the better option.
Ease of Use
Both FreeAgent and Float are designed with user-friendliness in mind. FreeAgent's intuitive interface makes it easy for users to manage their finances without a steep learning curve. Float's visual scheduling tool is straightforward and easy to navigate, making it ideal for teams. If ease of use is your priority, Float edges out slightly due to its visual interface.
Functionality
FreeAgent excels in providing comprehensive accounting features, while Float shines in resource management. Both tools offer essential functionalities for their respective purposes. If your primary need is accounting, FreeAgent is the better choice. For resource management, Float offers superior functionality.
Scalability
FreeAgent is well-suited for small to medium-sized businesses, offering scalability as your business grows. Float is designed to handle larger teams and complex projects, making it more scalable for growing businesses. If scalability is a concern, Float is the more suitable option.
Integrations
FreeAgent integrates with popular accounting tools, enhancing its functionality. Float offers integrations with project management and communication tools, making it versatile for team collaboration. If you need extensive integrations for team management, Float is the better choice.
Customer Support
FreeAgent provides excellent customer support, with responsive assistance for users. Float also offers reliable support, but FreeAgent's support is slightly more comprehensive. If customer support is crucial, FreeAgent is the preferred option.
Security
Both FreeAgent and Float prioritize security, ensuring user data is protected. FreeAgent's robust security measures make it a reliable choice for financial data. Float also offers strong security, but FreeAgent's focus on financial security gives it an edge. If security is a top concern, FreeAgent is the better option.
Overall Rating
FreeAgent and Float both offer excellent solutions for their respective purposes. FreeAgent is ideal for small businesses needing comprehensive accounting features, while Float excels in resource management for teams. If you're looking for a well-rounded tool, Float's higher overall rating makes it the better choice.
FreeAgent vs Float: A Detailed Breakdown of Key Features
Invoicing
FreeAgent offers a robust invoicing feature that allows you to create and send professional invoices with ease. It automates reminders and tracks payments, making it a valuable tool for small businesses. Float, while not primarily focused on invoicing, provides basic invoicing capabilities. If invoicing is a critical aspect of your business, FreeAgent is the better choice.
Expense Tracking
FreeAgent excels in expense tracking, offering a comprehensive solution for managing business expenses. It allows you to categorize expenses, upload receipts, and generate reports. Float offers basic expense tracking, but FreeAgent's advanced features make it the preferred option for businesses focused on financial management.
Tax Management
FreeAgent simplifies tax management with features like automatic tax calculations and filing reminders. It helps businesses stay compliant and reduces the stress of tax season. Float does not offer dedicated tax management features, making FreeAgent the clear choice for businesses needing tax support.
Resource Scheduling
Float shines in resource scheduling, providing a visual interface for managing team workloads. It allows you to allocate resources efficiently and track project progress. FreeAgent offers basic scheduling features, but Float's advanced capabilities make it the better choice for businesses focused on resource management.
Project Tracking
Float offers robust project tracking features, allowing you to monitor project timelines and team performance. It provides real-time updates and insights, making it a valuable tool for project managers. FreeAgent offers basic project tracking, but Float's advanced features make it the preferred option for businesses focused on project management.
Team Collaboration
Float excels in team collaboration, offering features like shared calendars and communication tools. It enhances team productivity and ensures everyone is on the same page. FreeAgent offers basic collaboration features, but Float's advanced capabilities make it the better choice for businesses focused on team collaboration.
Pricing Comparison of FreeAgent and Float
To assist you in making an informed choice, we’ve outlined the pricing plans and essential features of FreeAgent and Float. This comparison will highlight the best option for managing your business finances and resources.
FreeAgent Pricing Plans
- Regular monthly price is $27.
- Sales tax reporting is included.
- Multi-currency invoicing is available.
- Optional add-ons can be added.
- Regular annual price is $270.
- Equivalent to $11.25 per month.
- Sales tax reporting is included.
- Multi-currency invoicing is available.
Float Pricing Plans
- Track and predict cash across your project pipeline.
- Predict your company’s future cash reserves and ‘death date’.
- Track and explore your previous projects and cash activity.
- Add, combine and compare the business impact of each scenario.
- Track each active project with real financial transactions.
- Calculate your total project revenue based on finalized transactions.
- Float instantly reports how confident you can be in your decision making.
- Budget quickly with automatically suggested fixed costs.
- Get granular forecasts for your day-to-day cash position.
- Accurately calculate fully loaded costs of new employees.
- Compare a scenario to your business reality and establish any deviation.
- Export any scenario in CSV or PDF format.
Our Rating Methodology
We thoroughly test each resource management tool, evaluating key features like ease of use, functionality, and scalability. We also analyze user reviews to ensure our recommendations fit your needs. Each of the seven evaluation factors is weighted by importance to provide an accurate final rating, helping you avoid poor-quality tools and make informed decisions.
FreeAgent or Float: Which One Matches Your Business Needs?
Choose FreeAgent If You Need ...
- Comprehensive accounting solution
If you are a small business owner looking for a comprehensive accounting solution, FreeAgent is the ideal choice. Its robust features, including invoicing, expense tracking, and tax management, make it perfect for managing your finances efficiently.
- User-friendly financial management
If you need a user-friendly tool for managing your finances, FreeAgent is the way to go. Its intuitive interface and excellent customer support make it easy for users to navigate and manage their accounts without a steep learning curve.
Choose Float If You Need ...
- Advanced resource management
If you are a project manager looking for advanced resource management capabilities, Float is the better choice. Its visual scheduling and robust project tracking features make it ideal for optimizing team performance and ensuring projects are completed on time.
- Team collaboration focus
If your business prioritizes team collaboration, Float is the tool for you. Its shared calendars and communication tools enhance team productivity and ensure everyone is aligned and working efficiently towards common goals.
Frequently Asked Questions
Which tool is better for small businesses, FreeAgent or Float?
How does FreeAgent's invoicing feature compare to Float's?
Is Float suitable for project management?
Does FreeAgent offer tax management features?
Which tool offers better team collaboration features?
How do FreeAgent and Float compare in terms of ease of use?
Martin Lunendonk
Martin Lunendonk is a senior tech writer specializing in website builders, web hosting, and ecommerce platforms. With a background in finance, accounting, and philosophy, he has founded multiple tech startups and worked in medium to large tech companies and investment banking, bringing deep expertise and reliable insights to his software reviews.
