The FreeAgent Timeline

Smart Capture for bills

You can now use FreeAgent’s Smart Capture functionality to process bills as well as receipts, to speed up your bill management and banking reconciliation.

Check for HMRC payroll notices

You can now speed up your payroll admin by checking your employees’ latest tax codes and student loan deductions in FreeAgent.

Automatic pension contribution calculations

You can now automate the pension contribution calculations in employee payroll profiles in FreeAgent.

Update your clients’ bank feeds in bulk

Our Practice Partners can now easily update bank feeds for clients in one go rather than navigating to each client’s account.

Drag and drop files into Smart Capture

Upload receipt files to Smart Capture in bulk with a simple drag and drop.

Customise your Tax Timeline preferences

Choose which items and tax amounts are displayed on your Tax Timeline in FreeAgent.

Change of year end

You can now change your business's accounting year-end date in FreeAgent.

Print your Self Assessment tax return

You can now download a .PDF of each page of your Self Assessment tax return, or an SA302 form if you need a detailed breakdown of your income for a self-employed mortgage application.

Smart Capture Unlimited payment flexibility

Our Practice Partners can now choose which clients can activate Smart Capture Unlimited and control who pays for the add-on once activated.

Radar in the Practice Dashboard

Our Practice Partners now receive notifications in the Practice Dashboard on the latest product updates, helping boost support for clients.

Capital asset and depreciation improvements

You can now enter assets with no depreciation or using the reducing balance method. The Capital Assets report now also better reflects the depreciation of assets.

UK property pages in Self Assessment

Sole traders and limited company directors can now submit property and self-employment income directly to HMRC using FreeAgent.

Smart Capture receipt management

Snap or bulk upload receipts and we’ll capture the date and amount and suggest a cost category to speed up your expense management and banking reconciliation.

FreeAgent for Landlords available to all

Everyone can now sign up to use the new version of FreeAgent designed specifically for unincorporated landlords.

Self Assessment filing in FreeAgent for Landlords

Unincorporated landlords can now submit property and self-employment income directly to HMRC using FreeAgent.

Payslip notification emails

You can now automatically send notifications to employees to let them know when their payslips are ready to be viewed in FreeAgent.

Tax Timeline improvements

You can now file an item, mark an item as paid and filter the items on your Tax Timeline.

Closing payroll schemes

Send your final payroll submission to HMRC to close your PAYE scheme using FreeAgent.

Cashflow improvements

The Cashflow forecast now includes transactions from credit cards, personal accounts and foreign currency accounts.

Invoicing improvements

Effortlessly create an invoice and estimate theme using our customisation tool, add an online payment button to your invoice emails and share payment links with your customers.

Payroll corrections for a previous tax year

You can now make corrections to payslips in a previous tax year.

Bank feed reconsent improvements

You can now reconsent Open Banking Bank feeds for most major banks without having to leave FreeAgent.

Joint let property ownership

You can now split the ownership of properties between multiple individuals when using an unincorporated landlord account in FreeAgent.

Payslip improvements

A brand new payslip design which includes your business logo, address and employee’s address.

Bank reconciliation report

An exportable transaction list and reconciliation summary for bank accounts across a specified date range.

Cash basis accounting

Sole traders and partnerships can calculate their accounts on the cash basis.

Multi-category bills

Bills can now have multiple line items with different categories and tax rates, making it easier to create and reconcile bill payments.

3 time-saving tweaks to Banking

We’ve released a handful of small but powerful updates to FreeAgent’s Banking area.

FreeAgent for Landlords

A new version of FreeAgent built specifically for our Practice Partners to use with clients who earn income from property.

Self Assessment filing for 2021/22

Self Assessment filing for 2021/22 is live. You can now submit your 2021/22 tax return directly to HMRC through FreeAgent.

Import opening balances

You can now upload a CSV file containing your opening balances to save time when setting up your account.

Performance Benchmarking report

The Performance Benchmarking report shows your quarterly operating profit, broken down into income and costs, with a year-on-year comparison.

Auto Extract update

Auto Extract - the super-smart feature that scans your receipts and extracts the key info - can now match receipt photos to bank transactions automatically.

Guess improvements

Our AI-powered Guess feature now provides alternative suggestions when bank transactions can be explained in multiple ways.

CT600A supplementary form

We’ve added CT600A supplementary pages to the year-end filing process in FreeAgent. This functionality allows businesses to file their Corporation Tax returns through FreeAgent when any of the directors or shareholders have debit balances on their loan accounts at year end.

Bulk bank reconciliation improvements

We’ve added four new categories to FreeAgent’s bulk transaction explanations, as well as the option to sort unexplained transactions alphabetically and explain transactions with similar descriptions.

Auto Extract information from receipts

‘Capture for later’ with Auto Extract now automatically extracts the date and amount from receipts.

Re-register your business for VAT

If you have previously de-registered for VAT after falling below the VAT threshold, you can now re-register for VAT in FreeAgent.

Self Assessment filing for 2020/21

Self Assessment filing for 2020/21 is live. You can now submit your 2020/21 tax return directly to HMRC through FreeAgent.

‘Balance at bank’

You can now identify whether your bank account balance matches your bank balance in FreeAgent.

Cashflow forecast update

Our near-term Cashflow forecast is now even more accurate and useful. There’s much more predicted data, and you can now edit dates to visualise scenarios and add manual events.

Filing for Corporation Tax and Final Accounts

Limited company micro-entities can now file their Final Accounts and Corporation Tax returns through FreeAgent.

‘Capture for later’ on mobile

You can now quickly snap and store receipt images on the mobile app.

Cashflow

We’ve just launched some brand new functionality that builds your near-term cashflow forecast.

‘Quick Send’ invoice reminders

Overdue invoice? ‘Quick Send’ invoice reminder emails are a quick and easy way to remind customers to pay.

Audit Trail

You can now see a record of all the activity in your account in your Audit Trail report. This includes changes to bank transactions and invoices.

Corporation Tax CT600

We’ve just released the Corporation Tax form in FreeAgent, also known as the CT600.

Payit™

FreeAgent customers with NatWest, Royal Bank of Scotland or Ulster Bank NI-funded accounts can now pay supplier bills within FreeAgent.

Final Accounts report

We’ve hit another big milestone towards fully supporting submissions of your year-end company accounts with the release of our Final Accounts report.

FreeAgent now connects to TransferWise

This new bank feed allows TransferWise customers to link their bank account directly with FreeAgent.

New & improved credit notes

Invoices and credit notes can now be matched and netted off automatically.

Capital allowances for UK limited companies

Select tax treatments for your capital assets and we’ll now automatically calculate your capital allowances.

Banking area improvements

We've made some exciting improvements to our ‘Guess’ feature, helping you explain your transactions faster than ever before.

Self Assessment filing for 2019/20

Self Assessment filing for 2019/20 is now live!

Radar

Radar is the new and improved home for Insights, designed to make you more productive and better at business.

Quarterly Profit & Loss Report

You can now view and compare quarterly periods within your profit & loss report.

Comparative P&L

You can now view year-on-year comparisons of the Profit & Loss report.

Custom Capital Asset Types

You now have the ability to add new types of capital asset.

VAT improvements

Filing VAT through FreeAgent just got even easier!

Credit note improvements

You can now create stand-alone credit notes.

Project Profit and Loss released

Project profitability is much clearer now, allowing you to see the split of income/costs per project

Multi-currency bills released

Bills can now be created and accounted for in multiple currencies!

Custom balance sheet categories

You can now create your own balance sheet categories for assets, liability and equity accounts.

Open Banking bank feeds

Enjoy the benefits of more reliable and secure bank feeds via our new Open Banking feeds.

Invoice email settings for contacts

You can now set default options for automatically emailing invoices, invoice reminders and thank you notes on a per contact basis.

Monthly and annual VAT return filing

In addition to supporting quarterly VAT return filing we now also support monthly and annual VAT return filing.

Ordering expenses by date

You can now reorder expenses by date, description and amount when viewing all expenses for a user.

Sorting Price Lists and Stock

You can now sort the table headings for Price Lists and Stock, making it much easier to track down a specific item.

Search and filter within Banking

You can now find, filter and bulk edit your bank transactions with our enhanced search.

Group expenses on invoices

To tidy things up, you now have the option to group together all expenses as one line item on your invoices.

VAT report redesign

It's now super clear which transactions are included in each box on your return.

VAT-exclusive estimates

You can now exclude VAT from the estimates you send your customers, making you look even more competitive.

Quick add for new recurring invoice profiles

You're now able to create recurring invoice profiles straight from the Add New dropdown on the Contacts page.

Payment details in Statements of Account

Statements sent to customers now include your payment details, as a reminder to encourage payment.

New tabs in the Contact section

We've added new tabs for bills and recurring invoices so everything is neatly packaged in one place.

Filter timeslips by user

We've added additional filters so you can view timeslips for each user.

Export timesheet reports to CSV

You can now export your timesheet reports as a CSV.

Improved transaction search

Now you can search across all bank transactions, including by category.

The redesign is live!

A new design for the FreeAgent header and footer.

Spending Insight and report

Find out more about your spending habits.

Delete your account

Permanently delete your FreeAgent account from within settings.

Billing update

The invoice history in your billing area can now be sorted by date.

Bounced email notifications

We'll now notify you when an email you've sent bounces.

Improved data export

You can now easily download all of your data, files and attachments.

Late payment Insight

Find out who your slowest paying clients are.

Self Assessment filing for 2017/18

Self Assessment filing for 2017/18 is now live!

Hide users

You can now hide users in your FreeAgent account.

Insights

Actionable notifications of your business’s performance.

Customer sales report

A breakdown of your sales by customer over different time periods.

Guess improvements

Our guessed explanations for bank transactions just got a whole lot smarter.

Login attempts

You can now track all recent logins and login attempts to your account.

NatWest and Royal Bank of Scotland Direct Bank Feeds

You can now link your NatWest or Royal Bank of Scotland business bank account directly with FreeAgent.

Active sessions

All your active sessions can now be viewed and managed.

EC Sales List

Prepare and export your EC sales list.

Default Contact Payment Terms

You can now set default payment terms for each of your contacts.

Self Assessment filing for 2016/17

Self Assessment filing for 2016/17 is now live!

CIS subcontractor support

Supporting subcontractors under the Construction Industry Scheme.

2-Step Verification is launched

Add another level of security to your FreeAgent account!

Self Assessment filing for 2015/16 is now live!

Bulk payroll filing is launched

Practices can now file payroll for all clients in a single bound.

Bulk bank explaining goes live

Explain multiple bank transactions in a single bound.

Bulk approvals for bank transactions

GoCardless Direct Debit mandates launch

Automate online payments with Direct Debit mandates and auto-reconciliation.

Auto-enrolment support launched

Worry not about auto-enrolment for pensions - help is now baked in!

Self Assessment filing for 2014/15 is now live!

P45s released

Goodbyes just got easier now that you can generate P45s for leavers.

Payroll dashboard released

Making it easier than ever to run your payroll, with better visibility over your figures.

Bank explain redesigned

Faster. Better! A whole new way to explain your statements in record time.

Capital assets can be correctly disposed of

Greater flexibility for aged debtor/creditor reports

Support for VAT MOSS added

Correctly account for your VAT MOSS sales. All the fun of VAT and EU legislation!

Flexible account locking released

Stay safe out there kids. Lock down your account data to keep it secure.

Invoicing for multiple projects is released

And lo, people rejoiced as invoices could contain many projects.

Email templates can be created for estimates

Just another little time saver when sending those quotes.

Added the ability to choose a bank account when invoicing

Estimates can now be searched

New journal entry area is launched

A new journal entry interface. 60% faster and more intuitive, every time.

Self assessment filing for limited company directors launched

One small step for FreeAgent; one giant leap for limited companies.

CSV and PDF export enabled for most reports

Improved flexibility added to many reports

Multi-currency banking is released

Set up and account for your foreign currency bank accounts. It was worth the wait yeah?

Bank accounts can be hidden

P60s generation released

About as exciting as payroll documentation gets

Support added for Employment Allowance

Support for the employer's National Insurance saving scheme. Bonus!

Added support for reverse VAT charge

Payments on account added to Self Assessment returns

View upcoming Self Assessment payments to help you budget for the future.

Running timers are displayed in menu bar

Timers added for creating timeslips

Never miss a second with the new stopwatches.

Self Assessment filing is released

Submit tax returns directly to HMRC. Sole Traders, you are clear to file!

New Self Assessment pages released

Proper support for the common tax return forms. Up next: filing!

New invoices tab added to contacts area

Payroll can be run without filing RTI

Monday Motivator summary emails launched

Your weekly dose of business motivation delivered straight to your inbox.

HSBC and Lloyds (and more!) bank feeds go live

Hotly anticipated, the latest tranche of big hitter bank feeds hits FreeAgent.

Additional bank feeds added

Discounts can be applied to estimates

Multi-currency expenses released

So now you can easily account for those Danish pastries and French Fancies.

New report added for unbilled time

RTI-recognised payroll launched

Fully integrated HMRC-recognised payroll at no extra cost. Now, that's what we're talking about.

Bank Feeds launched.

Import your bank transactions automatically from your bank. Yeah science!

Account-wide search facility released

Search across the data in your account with the new super-slick search facility.

WYSIWYG editor added for invoice and estimate emails

Unleash your latent creativity with the new email editor. Comic Sans and clip art ahoy!

Client payment portal is launched

Online invoice payments arrive, so you can get paid immediately with no fuss. Epic win.

Panels can be dragged and dropped on Overview screen

Tax Timeline added for US Sole Proprietors

Cashflow panel added to Overview screen

Track the cashflow of your business through the money going in and out of the bank.

New contacts summary screen released

A new screen which includes useful data on past payment history.

Files can be emailed in to FreeAgent

Barclays direct bank feeds launched

The first direct feed of its kind with Barclays Bank.

Expense receipts can be attached to invoice emails

Files can be added to email templates

Timesheet reports can be saved directly to the Files area

Files can be attached to invoice and estimate emails

Ideal for sending out those 400 page T&Cs.

File upload and storage launched

Upload and store your documents. Like totally in the cloud man.

Projects can be created from estimates

Aged debtor and creditor reports launched

Track who owes you what and who you owe.

Delete All Data launched

Nuke it from orbit, it's the only way to be sure.

Reports can be created for unbillable time

Stock introduced

If you sell stuff, as opposed to services, then this one's for you.

Income and spending categories released

Customise the chart of accounts so you can closely track your duck moat expenditure.

Task status can be defined

Contacts can be hidden

Project status can be defined

Support added for VAT de-registration

Tasks can have individual rates applied

Online filing for VAT returns launched

File your VAT returns directly to HMRC in a few clicks.

Price list for invoice items released

Build invoices with your price lists of things you sell again and again.

Small and beautiful referral links introduced

Statement of accounts for contacts goes live

Find out exactly how much you're owed with these handy statements.

Custom templates for invoices can be created

Unleash your inner (or outer) designer with your own invoice designs.

Notes can be added to contacts and projects

Add notes against contacts or projects for future reference.

Support added for Google Apps single sign-on

Non-billable time can be tracked and reported

Keep track of every minute, even when it doesn't get charged.

Optional account access for enhanced support introduced

Evangelist programme launched

Expenses can be linked to projects without rebilling

Invoices and estimates can be duplicated

Project profitability summary added

Get a quick overview of how your projects are doing.

Recurring invoice profiles can be created from invoices

Multi-currency invoicing released

Invoices can now be created and accounted for in multiple currencies!

Opening trial balance builder added

Invoice reminders and thank you emails go live

Never chase those pesky late paying clients again!

Invoices and estimates can be created in multiple languages

With support for over 15 different languages.

Support added for OpenID log in

Bills can be set to recur

Project names can be added to invoices

User permissions slider is released

Simple control access for everyone who uses your FreeAgent account.

Annual subscriptions introduced

Estimates/quotes released

Win more work by creating, sending and tracking estimates.

Autocomplete for invoice item descriptions added

Bank balance charts introduced

Watch the ups and downs of your bank balance over time. Sigh.

Contact filtering options are improved

Invoices can be created without projects

Invoices no longer need to be tied to projects! Hurray!

Various file types can be uploaded as attachments

Improved options available for Timesheet reports

Invoice items can be reordered

VAT can be charged to overseas contacts

Accruals and prepayment added to journal entries

Added self employment form for Sole Trader Self Assessment

Capital assets can be created from bills

Invoices can be emailed to multiple recipients

Manual bank explanations can be matched to unexplained transactions

Bills are launched

Track which suppliers you owe money to with Bills.

Contact cards are introduced

Custom invoice templates beta launched

New invoice templates added to gallery

Receipt images can be attached to expenses

Say goodbye to the shoebox by attaching receipt images to expenses.

VAT periods can be locked

Companies House filing deadlines added to tax timeline

Journal entries released

Wield the mighty power of journals. But do it wisely.

New monthly profit and loss report added

Track what you're making and spending by month and year.

Straight-line depreciation for capital assets is introduced

Sole Traders and Partnerships can run simple payroll

Set up a simple yearly payroll.

Support added for second sales taxes for Universal accounts

Invoice template gallery released

Choose from a gallery of new, swanky invoice designs.

Overview screen can now be customised

Recurring expenses goes live

By popular demand, set expenses to recur, just like invoices.

Reworked double-entry balance sheet released

Trial balance can be exported as a CSV

Calendar data feeds for invoices and tax added

Out-of-pocket expense owed balance can be tracked

Payslip PDF can be downloaded

OFX files for credit cards can be uploaded

VAT on non-UK invoices is correctly handled

Discounts can be applied to invoices

Invoice timeline is improved

Support for VAT Fuel Scale Charge

Recurring invoices released

Set and forget billing.

Unpaid invoices can be written off

Dividend voucher PDFs can be downloaded

Generate and download PDF vouchers.

New auto VAT rate for payments is added

Refunds can be explained through bank statements

Subscription management introduced

Hey, we need to eat too.

Support added for PayPal statements import

Set up automatic import of statements from PayPal.

Contacts can be imports from vCards

Timeslip reports added

Now, make every second count with flexible timeslip reporting and PDF export.

Partnership/LLPs accounts are added

The more the merrier.

Excel export for account data launched

Initial balances can now be specified

Invoices can be emailed to clients

Time to get paid as you can now actually email those invoices.

Ability to create credit notes added

Expenses can be rebilled to projects

Charge on those expenses to clients. Foie gras sandwiches for lunch anyone?

Support for director loan accounts

VAT correctly applied to mileage claims