FreeAgent | Ulster Bank

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Say hello to FreeAgent

Free accounting software for our business customers

Sign up for free Already using FreeAgent? Login I'm an accountant

What's FreeAgent?

Business banking is available to eligible customers over 18, who have the right to be self-employed in the UK.

Add your signposting title here… What's FreeAgent?

FreeAgent is award-winning* accounting software used by over 100,000 small businesses to monitor cashflow, fire off multi-currency invoices and record expenses. If you’re an Ulster Bank NI business current account customer, you can get the full version for free, as long as you retain your bank account.

*Most Outstanding Accounting Software of the Year, SME News Business Elite, 2019

Need help getting started? Find out more here

 

FreeAgent features

Insight into your business

FreeAgent gives you a bird’s-eye view of your cashflow, profit and loss, invoices and business bank accounts, and surfaces insights so you can make smarter business decisions.

 

File your tax return in minutes

 

Automatically generate Making Tax Digital (MTD) VAT returns and file directly to HMRC with a single click. You can also complete and file your Self Assessment tax return.

 

Smart tools

 

Send and track multi-currency estimates and invoices, with exchange rates imported from xe.com. Connect FreeAgent with handy tools including Shopify, PayPal and Appointedd.

 

Import daily bank transactions

Connect your bank account to automatically import your bank transactions into FreeAgent. Track your incomings and outgoings, link invoices and payments and view interactive charts of your accounts.

 

Sign up for free
Add your signposting title here… Admin on the go

With FreeAgent’s mobile app, you can keep your accounts up to date while on the move. Whether it’s tracking mileage, sending invoices or monitoring future tax deadlines, the FreeAgent mobile app can help you nail your daily admin. Download it for free at the iOS App Store and Google Play Store.

Ready to go?

Nine out of 10 small business owners who use FreeAgent say it helps them to feel more confident about their business finances.** As an Ulster Bank NI business current account customer, you can access FreeAgent in full, as long as you retain your bank account.

**FreeAgent customer survey, June 2020

Sign up for free Already using FreeAgent? Login I'm an accountant

How could FreeAgent help my business?

Business banking is available to eligible customers over 18, who have the right to be self-employed in the UK.

FAQs
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Icon expand What is accounting software?

Accounting software records and processes a business’s financial transactions, stores financial data and automates some bookkeeping and accounting tasks. FreeAgent exists online, which means that you can access the data from devices connected to the internet. Check out FreeAgent’s Accounting Glossary for more detail.

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Icon expand Is FreeAgent really free?

As an Ulster Bank NI business current account holder, you can access FreeAgent in full. It’s completely free as long as you retain your bank account - a saving of at least £150 per year (based on FreeAgent’s lowest tariff). FreeAgent was acquired by NatWest Group in 2018 but remains operationally independent.

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Icon expand What will I need to set up an account?

It’s easy to get started! You’ll need to know your business details and VAT registration information, if your business is VAT registered. If you access your bank account via online banking, you’ll be able to see your transactions in FreeAgent instantly. FreeAgent is fully committed to protecting your personal and financial data, using multiple layers of security.

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Icon expand Is FreeAgent the right fit for my business?

FreeAgent is suitable for a range of businesses, including agriculture, traditional trades, professional services, creative and technology, retail and hospitality, and service businesses. FreeAgent has a wide selection of integration partnerships, including e-commerce and payment solutions like Shopify and PayPal and appointment booking and stock management solutions like Appointedd and EdgeCTP.

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Icon expand Which tax returns can be submitted through FreeAgent?

Self Assessment and VAT returns can be submitted directly to HMRC through FreeAgent.

 

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Icon expand Is FreeAgent Making Tax Digital (MTD) compatible?

Yes, FreeAgent is an HMRC-recognised product for submitting MTD-compatible tax returns.

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Icon expand Can FreeAgent help me understand my business’s profitability?

FreeAgent makes it easy to stay on top of cashflow, profit and loss, and upcoming bills and payments. FreeAgent’s Tax Timeline also highlights upcoming tax liabilities, while intelligent reports can give you even greater insight over time into areas such as expenditure and your business’s best customers.

 

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Icon expand What if I already have an accountant or bookkeeper?

If you already have an accountant or bookkeeper, it’s free to add them as a user. As FreeAgent automates many basic bookkeeping tasks, it gives your advisor more time to focus their expertise on your business’s performance. As information in FreeAgent is updated in real-time, it also makes potential problems easier to spot and fix right away.

 

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Icon expand Can I move across from another accounting software?

Migrating to a new accounting software can be quite time consuming but there are simple steps you can take to make this process easier. For example, consider migrating data at either your year end or the end of a VAT quarter. If you have an accountant, they can help with this. Alternatively, FreeAgent’s UK-based support team can walk you through the process.

 

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