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Mike McDerment: Using Powerful Accounting Software to Collect More Money Faster

Mike McDerment is the Co-Founder and CEO of FreshBooks, the world’s #1 cloud accounting software for self-employed professionals. Built out of frustration after accidentally saving over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since launching in 2003, over 10 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, Mike has been bitten so many times it’s rumoured he’s the first human to have developed immunity to mosquitoes.

In January 2003, Mike was running a four-person design agency and using Microsoft Word to create invoices. One day, he accidentally saved over an old invoice, and something in him snapped – he knew there had to be a better way. Over the next two weeks, he coded up a solution and eventually turned that side project into what is now FreshBooks.

To keep the lights on, he moved into his parents’ basement for 3.5 years and completely revamped how he ran his design firm to the point where he only worked 19 days in one year — while generating over $200,000 to bootstrap the company that would become FreshBooks.

Today, Mike has grown FreshBooks to nearly 300 people serving more than 10 million users in 160+ countries. To help self-employed professionals set better rates, Mike also co-authored Breaking The Time Barrier, which has been downloaded more than 300,000 times.

 

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We are passionate about helping our clients secure business credit and financing, and offering both as a service. Of course, we’re going to have great things to say about our company because we think what we do and how we do it is pretty awesome. What really matters is what our clients have to say, so click below to hear from some of our customers who we live to serve.
Robert Lefcort - Robert Lefcort

Robert Lefcort

Great American Credit Repair
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I say thank you to the Business Finance Suite team, they were able to help me accomplish what I set out t …

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Joseph Smith

Wise Guys In Ties
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Hi, my name is Joseph Smith and I’m the co-owner and founder of wise guys in ties. We’re a real estate in …

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Herman Dolce Jr

Bella Sloan Enterprises
Elkins Park, PA

Credit Suite proved themselves to me very early when I started my relationship with them. At first, I wan …

Victor Drake - Victor Drake

Victor Drake

720 Credit Solutions
Moreno Valley CA

I’m Drake with 720 Credit Solutions and I’m here in Tampa, Florida enjoying the weekend of what business …