What are the disadvantages of FreshBooks?

The biggest disadvantage is that FreshBook limits the number of users and clients, especially in the low tier plans. And while it has strong reporting features, it doesn’t run quarterly tax reports that are necessary for many small business owners.

Yes, FreshBook is a 100% legitimate company that was founded in 2003 and has over 30 million users in 160+ countries.

Is Xero better than FreshBooks?

It depends on what you’re looking for in accounting software. FreshBooks is generally better at invoicing and tracking expenses, while Xero has more capabilities for accounts payable.