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I will judge FreshBooks as a "cloud accounting" software provider, using that terminology. Some software I've reviewed doesn't allow you to see your entire chart of accounts on one page.Something you should look for is if you're able to freely change and create your chart of accounts. You can suddenly offer the same service as big businesses like cell phone and utility companies, with FreshBooks.
But in general, if you enter something in an invoice or an expense, FreshBooks won't remember this the next time you do the same thing. But the feature is not quite there yet, i can see the potential of managing your documents in FreshBooks.
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