The FreeAgent Timeline
Travel with us back in time as we boldly chart the evolution of FreeAgent, from its humble inception in 2007 to the awe-inspiring system you inhabit today.
2024
October
July
- feature
Automatic pension contribution calculations
You can now automate the pension contribution calculations in employee payroll profiles in FreeAgent.
- feature
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.
- mobile
Create projects on the go
You can now create and manage projects on the go using the FreeAgent mobile app.
- feature
Drag and drop files into Smart Capture
Upload receipt files to Smart Capture in bulk with a simple drag and drop.
June
May
- feature
Change of year end
You can now change your business's accounting year-end date in FreeAgent.
- feature
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.
- feature
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.
March
- feature
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.
- feature
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.
2023
December
November
- integration
Amazon UK Marketplace integration
A powerful, time-saving integration to support our customers who sell goods on the world's biggest online marketplace.
- feature
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.
- feature
FreeAgent for Landlords available to all
Everyone can now sign up to use the new version of FreeAgent designed specifically for unincorporated landlords.
October
September
June
April
March
February
2022
November
- feature
Payroll corrections for a previous tax year
You can now make corrections to payslips in a previous tax year.
- feature
Bank feed reconsent improvements
You can now reconsent Open Banking Bank feeds for most major banks without having to leave FreeAgent.
- feature
Joint let property ownership
You can now split the ownership of properties between multiple individuals when using an unincorporated landlord account in FreeAgent.
October
August
- feature
Bank reconciliation report
An exportable transaction list and reconciliation summary for bank accounts across a specified date range.
- mobile
Mobile app improvements
We’ve released a number of time-saving updates to the FreeAgent mobile app.
- feature
Cash basis accounting
Sole traders and partnerships can calculate their accounts on the cash basis.
- feature
Explain bank transactions to custom balance sheet categories
You can now use custom balance sheet categories when explaining bank transactions in FreeAgent.
- feature
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.
July
May
- feature
FreeAgent for Landlords
A new version of FreeAgent built specifically for our Practice Partners to use with clients who earn income from property.
- feature
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.
February
- feature
Import opening balances
You can now upload a CSV file containing your opening balances to save time when setting up your account.
- feature
Performance Benchmarking report
The Performance Benchmarking report shows your quarterly operating profit, broken down into income and costs, with a year-on-year comparison.
- feature
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.
- feature
Guess improvements
Our AI-powered Guess feature now provides alternative suggestions when bank transactions can be explained in multiple ways.
2021
November
October
- integration
Schedule bill payments with Payit™
Customers whose primary bank account in FreeAgent is a NatWest, Royal Bank of Scotland or Ulster Bank NI business current account can now schedule payments for supplier bills with Payit™.
- feature
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.
July
June
May
April
- feature
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.
- feature
Filing for Corporation Tax and Final Accounts
Limited company micro-entities can now file their Final Accounts and Corporation Tax returns through FreeAgent.
March
February
2020
December
November
- feature
‘Quick Send’ invoice reminders
Overdue invoice? ‘Quick Send’ invoice reminder emails are a quick and easy way to remind customers to pay.
- feature
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.
October
August
- feature
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.
- feature
FreeAgent now connects to TransferWise
This new bank feed allows TransferWise customers to link their bank account directly with FreeAgent.
July
June
May
April
March
- feature
Radar
Radar is the new and improved home for Insights, designed to make you more productive and better at business.
- integration
Shopify Integration
You can now integrate your Shopify account with FreeAgent.
- feature
Quarterly Profit & Loss Report
You can now view and compare quarterly periods within your profit & loss report.
February
2019
December
- feature
Comparative P&L
You can now view year-on-year comparisons of the Profit & Loss report.
- feature
Custom Capital Asset Types
You now have the ability to add new types of capital asset.
- feature
Ruby the Robot for accountants
Now account managers can ask Ruby a question and she'll respond with relevant Knowledge Base articles.
November
October
September
August
July
- feature
Custom balance sheet categories
You can now create your own balance sheet categories for assets, liability and equity accounts.
- feature
Open Banking bank feeds
Enjoy the benefits of more reliable and secure bank feeds via our new Open Banking feeds.
- feature
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.
June
May
April
- feature
Search and filter within Banking
You can now find, filter and bulk edit your bank transactions with our enhanced search.
- feature
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.
- feature
VAT report redesign
It's now super clear which transactions are included in each box on your return.
March
- feature
VAT-exclusive estimates
You can now exclude VAT from the estimates you send your customers, making you look even more competitive.
- feature
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.
February
- feature
Payment details in Statements of Account
Statements sent to customers now include your payment details, as a reminder to encourage payment.
- feature
New tabs in the Contact section
We've added new tabs for bills and recurring invoices so everything is neatly packaged in one place.
- feature
Filter timeslips by user
We've added additional filters so you can view timeslips for each user.
January
2018
September
August
July
June
May
April
February
2017
December
November
- feature
Cross-client reporting
Accountants can now create custom reports on the Practice Dashboard.
- feature
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.
- feature
Active sessions
All your active sessions can now be viewed and managed.
October
July
June
- dev
Changed billing provider to Stripe
- dev
Moved to SmartOS
Increased app performance by moving to SmartOS Zones to make better use of physical hardware.
May
April
March
2016
December
November
October
August
July
April
March
February
January
2015
December
November
October
September
July
June
May
April
March
February
2014
December
- design
Capital assets screen redesigned
- feature
Flexible account locking released
Stay safe out there kids. Lock down your account data to keep it secure.
September
- feature
Invoicing for multiple projects is released
And lo, people rejoiced as invoices could contain many projects.
- feature
Email templates can be created for estimates
Just another little time saver when sending those quotes.
- feature
Added the ability to choose a bank account when invoicing
- feature
Estimates can now be searched
- feature
New journal entry area is launched
A new journal entry interface. 60% faster and more intuitive, every time.
August
July
June
May
April
March
February
January
2013
December
September
August
May
April
- feature
Additional bank feeds added
- feature
Discounts can be applied to estimates
- feature
Multi-currency expenses released
So now you can easily account for those Danish pastries and French Fancies.
- feature
New report added for unbilled time
- feature
RTI-recognised payroll launched
Fully integrated HMRC-recognised payroll at no extra cost. Now, that's what we're talking about.
February
January
- feature
Account-wide search facility released
Search across the data in your account with the new super-slick search facility.
- mobile
Estimates, Banking and Time Tracking added to FreeAgent Mobile for web
- design
Self Assessment area redesigned
New and shiny updated tax return forms, making tax time easier than ever.
2012
December
- integration
RightSignature integration launched
November
October
August
- feature
Client payment portal is launched
Online invoice payments arrive, so you can get paid immediately with no fuss. Epic win.
- integration
GoCardless can be used for invoice payments
Use GoCardless for fast, cost-effective bank transfer invoice payments with the payment portal.
- feature
Panels can be dragged and dropped on Overview screen
- feature
Tax Timeline added for US Sole Proprietors
July
June
- feature
Cashflow panel added to Overview screen
Track the cashflow of your business through the money going in and out of the bank.
- feature
New contacts summary screen released
A new screen which includes useful data on past payment history.
- design
Overview screen redesigned
Neater, tidier and better organised. A place for everything and everything in its place.
- design
Redesigned FreeAgent "Talaria" interface is released.
Millennia in the making, it's the biggest design update we've ever done. And relax.
May
April
March
February
2011
December
- feature
Expense receipts can be attached to invoice emails
- feature
Files can be added to email templates
- event
Moved from freeagentcentral.com to freeagent.com
Saving your fingers those extra few taps with a new, snappier domain name.
- feature
Timesheet reports can be saved directly to the Files area
October
September
July
- dev
Upgraded to Rails 3 and Ruby 1.9
Our biggest software architecture update to date.
June
May
- integration
Automated PayPal feeds launched
Automated feeds for your PayPal account data. Super handy.
- event
Barclays MyBusinessWorks package is launched
The new MyBusinessWorks package featuring FreeAgent goes live in Barclays branches across the UK.
- feature
Projects can be created from estimates
March
- feature
Aged debtor and creditor reports launched
Track who owes you what and who you owe.
- integration
Chrome web store login introduced
- feature
Delete All Data launched
Nuke it from orbit, it's the only way to be sure.
- feature
Reports can be created for unbillable time
- feature
Stock introduced
If you sell stuff, as opposed to services, then this one's for you.
February
January
2010
September
August
- design
Invoice and estimate workflow redesigned
- feature
Online filing for VAT returns launched
File your VAT returns directly to HMRC in a few clicks.
- feature
Price list for invoice items released
Build invoices with your price lists of things you sell again and again.
- feature
Small and beautiful referral links introduced
- feature
Statement of accounts for contacts goes live
Find out exactly how much you're owed with these handy statements.
- design
VAT returns redesigned
July
- integration
Basecamp integration launched
Import projects and contacts from everyone's favourite project management solution.
- feature
Custom templates for invoices can be created
Unleash your inner (or outer) designer with your own invoice designs.
- feature
Notes can be added to contacts and projects
Add notes against contacts or projects for future reference.
- design
Practice Dashboard for accountants redesigned
The portal for accountants gets some new threads.
- feature
Support added for Google Apps single sign-on
May
- event
IRIS OpenBooks powered by FreeAgent launched
- feature
Non-billable time can be tracked and reported
Keep track of every minute, even when it doesn't get charged.
- feature
Optional account access for enhanced support introduced
February
- api
Bills support added to the API
- feature
Evangelist programme launched
- feature
Expenses can be linked to projects without rebilling
- feature
Invoices and estimates can be duplicated
- feature
Project profitability summary added
Get a quick overview of how your projects are doing.
- feature
Recurring invoice profiles can be created from invoices
January
2009
October
September
August
July
June
April
March
- feature
Autocomplete for invoice item descriptions added
- feature
Bank balance charts introduced
Watch the ups and downs of your bank balance over time. Sigh.
- feature
Contact filtering options are improved
- feature
Invoices can be created without projects
Invoices no longer need to be tied to projects! Hurray!
- feature
Various file types can be uploaded as attachments
February
January
2008
December
November
October
September
August
July
June
- design
Capital assets screens are redesigned
- feature
Journal entries released
Wield the mighty power of journals. But do it wisely.
- feature
New monthly profit and loss report added
Track what you're making and spending by month and year.
- feature
Straight-line depreciation for capital assets is introduced
- feature
Timesheet reports can be downloaded as a PDF
May
- feature
Mini-profit and loss widget added to Overview
- feature
Sole Traders and Partnerships can run simple payroll
Set up a simple yearly payroll.
- feature
Support added for second sales taxes for Universal accounts
April
March
February
- feature
Calendar data feeds for invoices and tax added
- event
FreeAgent Universal launched!
Now everyone around the world can get in on the action.
- feature
Mileage expenses can be rebilled
- design
New invoice status user interface introduced
- feature
Out-of-pocket expense owed balance can be tracked
- feature
Payslip PDF can be downloaded
January
2007
December
November
October
- feature
Dividend voucher PDFs can be downloaded
Generate and download PDF vouchers.
- feature
New auto VAT rate for payments is added
- event
Referral scheme launched
But we're the giving kind too.
- feature
Refunds can be explained through bank statements
- feature
Subscription management introduced
Hey, we need to eat too.
- feature
Support added for PayPal statements import
Set up automatic import of statements from PayPal.
September
August
July
June
April
- event
FreeAgent beta goes live
Hold onto your socks!