FreeAgent is a UK-focused accounting platform built around the needs of freelancers, contractors and small owner-managed businesses. It combines invoicing, expenses, bank feeds, tax, projects, time tracking and payroll in one relatively simple system.
This review is based on current public product information checked on 29 September 2026. Prices and promotional offers can change.
FreeAgent at a glance
FreeAgent prices its service by business type. The current standard monthly price for a limited company is £33 excluding VAT, with lower standard prices for partnerships, sole traders and landlords. New customers may receive introductory discounts.
A major advantage: some businesses can get it free
Eligible customers with NatWest, Royal Bank of Scotland, Ulster Bank and qualifying Mettle business accounts can get FreeAgent at no subscription cost, subject to terms and optional paid add-ons. That can make the value proposition unusually strong if you already use one of those banking providers.
Tax and Making Tax Digital
FreeAgent is particularly strong on UK tax workflows. It supports MTD-compatible VAT returns, Self Assessment, end-of-year filing workflows and a tax timeline designed to show what is due and when. This UK-specific focus is one of its clearest differentiators.
Projects and time tracking
Consultants, freelancers and agencies can track project income, costs and profitability, record time and add billable time to invoices. That makes FreeAgent more useful than a basic bookkeeping package for service businesses.
Banking and reconciliation
Bank feeds import business transactions automatically, while smart categorisation can suggest explanations based on previous activity. As with any automated bookkeeping feature, review suggestions rather than assuming every categorisation is correct.
Payroll
FreeAgent includes payroll functionality for eligible UK businesses, including PAYE and National Insurance calculations and HMRC filing. That is useful for small companies that want accounting and payroll in the same system.
Where FreeAgent is weaker
FreeAgent is intentionally focused on small businesses, so larger companies with complex reporting, inventory or extensive multi-user requirements may outgrow it. Some advanced capture and marketplace features are also optional paid add-ons.
Who FreeAgent is best for
FreeAgent is particularly well suited to freelancers, contractors, consultants, sole traders and small limited companies that value UK tax features and straightforward day-to-day bookkeeping. It is especially compelling when included with an eligible business bank account.
Is FreeAgent worth it?
For the target audience, yes. Its strongest case is simplicity plus UK-specific tax functionality. A growing company with more complex operational needs should compare it with Xero, QuickBooks and Sage before deciding.
Official information: FreeAgent pricing and FreeAgent UK.