Unveiling new look (& multi-currency) bills

For many of your clients, staying on top of their supplier payments isn’t the most glamorous part of running a business but keeping track of costs is crucial for managing cashflow.

To make this process easier, the Bills area of FreeAgent has just been given a major makeover, including the introduction of the long-awaited multi-currency bills.

Redesigned bills

You and your clients can now see an individual page for each bill (just like you can for invoices) which shows information like amounts, due dates, payment statuses and more. You can also click through to the relevant bank transaction if a bill has been paid.

Multi-currency bills

The other big change is that your clients can now create bills in foreign currencies. Any foreign currency bills will be revalued against their native currency daily until the bill is paid, at which point the currency gains or losses will be realised.

Check out our Knowledge Base for more info on how foreign currency bills work.

New Connections area

To prepare the way for some exciting new features that are coming soon, we’ve also introduced a brand new Connections area into FreeAgent, which your clients can access from the top-right navigation menu.

This is the new home for connections with HMRC (if your clients file their own MTD VAT returns), as well as our new Open Banking bank feeds and integrations with other third parties. As always, you and your clients can find out more about this new feature over on our trusty Knowledge Base.