Shaking things up with a host of reporting updates

We’ve introduced a number of exciting updates in FreeAgent recently to make it even easier for you to accurately predict clients’ cashflow, help them forecast revenue and ultimately grow their businesses. Here's how we've been shaking things up.

Comparable Profit and Loss reports

You can now compare your clients’ Profit and Loss (P&L) reports year on year. With this new functionality you can compare a client’s year-to-date income with data from previous years. This way you can highlight how well their business has performed or identify some cost-saving opportunities that your client can implement.

Custom capital asset types

Following the introduction of custom balance sheet categories earlier this year, we’ve now launched custom capital asset types.

Instead of categorising a wide range of capital assets into default types like ‘computer equipment’ or ‘other’, you can now create custom types better suited to your clients’ individual business requirements. Once created, these custom asset types will appear throughout FreeAgent for that particular client’s account.

Improvements to the Aged Debtors report

We’ve made an update to the Aged Debtors report. Previously, when your clients had 50 or more unpaid invoices in FreeAgent, this report would shrink to only show the customer names and how much they owed. Thanks to your feedback, this list no longer collapses, meaning that you and your clients can review the full Aged Debtors report in all its glory!

New download options for the ‘Show Transactions’ report

The ‘Show Transactions’ report in FreeAgent provides you with a breakdown of the transactions in a particular client's FreeAgent categories and you can now export this report as a CSV file. By doing so, you can review your client's transactions in the spreadsheet software of your choice, opting to re-order their data to highlight particular information, such as the largest debit payments made over a particular period of time.

Ruby the Robot

Lastly, we've introduced a helpful AI-powered virtual assistant to your FreeAgent account - Ruby the Robot - that now appears when you switch to a client's account. You can use this new support feature to search for useful resources in FreeAgent - just click on the blue ‘Help’ button at the bottom of your screen.

A pop-up window will then appear where you can ask questions and Ruby will suggest relevant helpful articles from the huge bank of help guides stored in our Knowledge Base. Please note that this feature is only visible to you, not your clients.

Hopefully these updates will prove useful for all of your reporting this festive season and beyond.

If you have any questions about these features, feel free to contact our Practice Support team on practicesupport@freeagent.com.