FreshBooks releases Android app as it inches towards true “cloud accounting”

Photo 8-15-2013, 2 56 01 PM

Toronto-based FreshBooks, one of the world’s most popular do it yourself accounting companies with over 5 million users, has announced the release of its long-awaited Android app.

Available freely to existing users of the freemium service — the average small business spends $19.95 per month for the privilege — the app augments the company’s existing web- and iOS-based functionality.

Android users can file expenses, records receipts using the phone’s camera, and keep track of client time using the built-in timer. While the interface leaves a little to be desired, with a big, almost cartoony swath of icons, the app itself is smooth and comprehensive.

The app makes it easy to switch between currencies, and automatically apply taxes to invoices, and FreshBooks also connects to PayPal to send and accept payments.

Mike McDerment, co-founder and CEO of FreshBooks, thinks that most small business owners don’t really want to learn the accounting on which they’re often forced to spend hours struggling with. “FreshBooks for Android is designed to complement the busy lives of small business owners so they can work anywhere without sacrificing functionality or experience,” he said in a press release.

FreshBooks has yet to announce a funding round, bootstrapping the product with private capital and customer revenue.