New & Improved in FreshBooks: Team Cost Rates, Project Profitability, and More

Always improving! These are FreshBooks' latest product updates for August 2021.


As summer continues to roll on, the updates from FreshBooks continue to roll out. Here’s a look at all the new and improved features that launched in August.

Manage Project Spending with Team Cost Rates and Billable Rates

To help maximize your profitability, FreshBooks lets you set Team Cost Rates and Billable Rates. This will give you more control over your profit margins, so you can make more informed decisions and grow your business faster.

3 Powerful Ways to Track Every Project’s Profitability

View more detailed breakdowns of your projects with the Project Profitability widget, Profitability Summary Report, and Profitability Details Report. They provide an in-depth view into every project’s performance, so you can see where your money is going. Check out all the details here.

Seamlessly Accept Payments Through PayPal

Get paid by clients from around the world using PayPal. Enable it on your next Invoice or Checkout Link, and get paid in over 100+ currencies from 200+ markets. It’s built to make it easier for your clients to pay in their preferred currency, while helping you track everything in yours.

Easily Convert Estimates & Proposals to Projects

You can now convert an estimate or proposal directly into a project. This will create a project for the given customer, and will assign any services that were added in the quoting phase.

FreshBooks Is Here to Help

If you need help getting started with any new features, support is just a click away. Feel free to reach out and the team will give you a hand in no time.



about the author

Sr. Copywriter, FreshBooks Dave is a Senior Copywriter currently working for FreshBooks, serving all the amazing businesses using the platform. When he’s not writing, Dave can likely be found binging Netflix alongside his dog Indy.