Holdings vs FreshBooks
FreshBooks charges $19–60/mo for accounting software. Holdings gives you the same accounting — plus 35+ business tools and a free bank account — for $0.
Feature comparison
See how Holdings stacks up against FreshBooks
| What you get | Holdings | FreshBooks |
|---|---|---|
| Monthly Cost | $0 | $19–$60/mo |
| Auto-Categorization | ✅ Included | ✅ Included |
| P&L / Balance Sheet | ✅ Real-time | ✅ Included |
| Invoicing | ✅ Free tools | ✅ Advanced (with limits) |
| Time Tracking | Not included | ✅ Built-in |
| Client Portal | Not included | ✅ Built-in |
| 35+ Free Business Tools | ✅ Included | ❌ Not included |
| Business Banking | ✅ Free checking | ❌ Not included |
| APY on Deposits | 1.75% | N/A (no banking) |
| Debit Cards | ✅ Physical + virtual | ❌ N/A |
| Domestic Wires | Free | N/A (not a bank) |
| Team Permissions | ✅ Included | ✅ Included |
| Project Management | Not included | ✅ Built-in |
Why choose Holdings over FreshBooks
Replace $228–$720/year in software
FreshBooks costs $19–60/month for accounting and invoicing. Holdings gives you the same features plus 35+ business tools and a free bank account — for $0/month.
Stop juggling 5 apps
FreshBooks is one of many tools you pay for. Holdings replaces your accounting software, your invoicing tool, your expense tracker, and your bank — one workspace, one login.
Your invoices auto-update your books
With FreshBooks, you reconcile between apps. Holdings connects invoicing, expenses, and accounting in one system — when money moves, your books update automatically.
Tax time takes 10 minutes, not 10 hours
Auto-categorized transactions, real-time P&L, and exportable reports mean tax season is painless. No sync delays, no missing transactions, no manual cleanup.
Get the Accounting Switch Guide
Switching from FreshBooks? This guide covers migrating your books, setting up automated categorization, and getting real-time P&L without the monthly subscription.
We'll send the accounting switch guide and nothing else. No spam, unsubscribe anytime.
When FreshBooks might be the better choice
FreshBooks is the better choice if you need built-in time tracking, client portals, or project management. It's a strong tool for service-based freelancers who bill by the hour and need to track time against projects.
Frequently asked questions
How much does FreshBooks cost vs Holdings?
FreshBooks Lite costs $19/mo (5 clients), Plus $33/mo (50 clients), Premium $60/mo (unlimited). Holdings is $0/month with no client limits — plus you get 35+ business tools and a free bank account.
I already have a bank — why do I need Holdings?
Holdings isn't just a bank — it's a financial workspace. You get 35+ free tools (accounting, invoicing, expense tracking, P&L reports) that replace paid software like FreshBooks. The bank account connects it all, but the tools work even if you keep your current bank.
Can I use Holdings tools without banking?
Yes. Holdings' tools — accounting, invoicing, expense tracking, reports — are free to use. The banking is optional but connects everything automatically when you use it.
Which is better for freelancers?
FreshBooks is excellent for freelancers who need time tracking and client portals. Holdings is better if you want to replace multiple paid tools with one free workspace that includes accounting, invoicing, and banking.
Can I replace FreshBooks with Holdings?
If your main needs are invoicing, expense tracking, and financial reports, yes. Holdings covers these for free plus gives you 35+ additional tools. If you need time tracking or project management, you may want to keep FreshBooks for those specific features.
Ready to run your business from one place?
35+ free tools. Free accounting. Connected banking. Try it in 5 minutes.
1.75% APY† • Zero fees^ • FDIC insured to $3M*
Compare & Explore
Free Accounting Software
Automatic categorization, P&L, and balance sheets.
Holdings vs Wave
Compare Holdings and Wave for accounting features.
Holdings vs QuickBooks
Built-in accounting vs add-on accounting software.
Holdings vs Xero
Compare Holdings and Xero for small business accounting.
Banking for Freelancers
Separate business finances and track expenses easily.
Free Invoice Generator
Create and download professional invoices in seconds.
Calculate Your Savings
See how much you could save by switching to Holdings.