Monitor project profitability in real time
Streamline team time tracking and payroll
Simplify team management with integrated time tracking and payroll features. FreshBooks helps you accurately track hours, manage payroll, and ensure your team is paid on time.
Effective task management can enhance collaboration, streamline workflows, and improve overall productivity for teams.
Ensure accurate financial reporting for projects
All the features you will need for your project management accounting software
Free vs. FreshBooks project accounting software
Free accounting software might seem like a good starting point, but it often lacks important features for managing projects effectively. These limitations can include insufficient project tracking, basic invoicing, and limited reporting, which can hinder your ability to monitor project profitability and stay on budget.
FreshBooks offers a comprehensive solution designed for project-based businesses. With FreshBooks, you can easily track project expenses, create detailed invoices, manage time, and generate insightful reports. Choosing FreshBooks means investing in tools that scale with your business, providing the features and support needed for efficient project management and financial success.
Support that actually supports you 💙
- Help From Start to Finish: Our Support team is highly knowledgeable and never transfers you to another department.
- 4.8/5.0 Star Reviews: Yup, that’s our Support team approval rating across 120,000+ reviews
- Global Support: We’ve got over 100 Support staff working across North America and Europe

Accounting software by industry
Feeling overwhelmed by bookkeeping? FreshBooks offers industry-specific accounting software that simplifies finances and boosts efficiency, allowing you to focus on what truly matters.
Visit our industry pages below to learn how FreshBooks can fulfill all your accounting needs!

Trades and Home Services
Creative Professionals

Specific Professions
Specialized Industries

Online and Digital Services
Resources to support project managers

Project Estimation (2025): Techniques, Process, & Example

10 Best Project Management Software for 2025

What Are the Project Management Processes?
Frequently asked questions
Key features include project management features, project budgeting, expense tracking, invoicing, time tracking, and financial reporting. These tools help manage project finances, track costs, and ensure profitability.
Project accounting software helps track budgets and expenses by providing tools to monitor spending, compare it against the budget, and generate reports. This ensures projects stay within financial limits.
Yes, project accounting software can often integrate with other business tools such as CRM, payroll systems, and project management platforms. This integration streamlines workflows and improves data accuracy.
Project accounting software simplifies invoicing and payments by automating invoice creation, sending reminders, and processing payments. This leads to faster payments and better cash flow management.
Additionally, using accounting project management tools can enhance the production flow within tax and accounting firms by providing necessary visibility, promoting team alignment, and ultimately contributing to client satisfaction and revenue growth.
Cloud-based project accounting software offers advantages like accessibility, real-time data, and automatic updates. It is often more flexible and scalable than on-premise solutions.
Industries that benefit most from project accounting software include construction, consulting, advertising, and architecture, especially when managing multiple projects. These sectors rely on accurate project costing and billing.