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Which Invoicing Software Will Make Your Life Easier?

If invoicing is something your business has much experience with, you know it can be a hassle. The more of a hassle it is to send out an invoice, the longer it takes to get it out to clients. If you can send out invoices within several days of job completion, the odds are much higher you will get paid and get paid in a timely manner.

However, if your invoice does not get out until a week or two after the job is complete, your customer will respond in kind, generally taking quite a bit longer to pay the invoice off. That’s why you want invoicing software that works with your business and makes the invoicing process easy, so you can send out invoices quicker and get paid quicker. In this article, we look at a variety of invoicing software providers, both free and paid, and help you figure out which is best and easiest for your business.

Which Invoicing Software Will Make Your Life Easier?

Best Free Invoicing Software

If you are only sending occasional invoices or just need basic no-frill invoicing software, then there are a variety of free solutions that should meet your needs. Although free solutions do not have nearly the depth of template customization and lack advanced features such as time-tracking, they are more than enough for businesses that are just looking to send a basic invoice and get paid. (There is a processing fee for transactions)

Square or Paypal – Quick and Easy Invoicing Solutions

Square and Paypal are both known for their payment processing services. Considering how many small business owners use these payment processors, because they are easy to setup and have no monthly fees, it is a no-brainer for them to offer invoicing services.

Paypal has a little more name recognition in the industry, but Square has a little lower processing fee.  If you are doing a lot of small transactions, Square is probably the better choice. Otherwise, it really just depends on which service you are more comfortable with. Both Square and Paypal are pretty basic, you can send invoices and get paid online via credit card (or paypal) payment, but the templates are not very customizable and no other invoicing features are provided.

You can set up recurring/auto billing with Paypal, but there is an additional fee (at which point you might as well use a more advanced paid invoicing service).

Wave – Free Invoicing with Complete Accounting Integration

Wave is one of the top three online accounting solutions in the industry (Xero and Quickbooks being the others). Any serious accounting platform needs invoicing capabilities. Wave’s invoicing templates are simple, but they will do the job. The nicest thing about using Wave for your invoicing is that your invoice payments are integrated directly into your accounting, making your financials much easier to manage (see key financials, generate reports, etc). Wave integrates with Stripe Payments and invoicing processing fees are similar to Square.

Best Paid Invoicing Software

If you are willing to pay for invoicing software, then your invoicing features, overall functionality, and template customizability options are much more advanced. You can often customize much of your invoice, to give it a look that specifically matches your business. Also, depending on the provider, you get advanced features like time-tracking, which allows you to keep track of how many hours you spend on a specific contract/project and then import that info directly into an invoice. You also get features such as recurring billing and expense tracking.

FreshBooks – All the Right Features at the Right Price

FreshBooks provides a variety of great invoicing features. Their time-tracking feature is great, allowing you to track ongoing hours spent on a project and import them directly into invoices. Also, you can set up auto-billing and recurring billing for monthly invoices, which really saves time (subscriptions, etc).

FreshBooks invoices are also really easy and intuitive to create, allowing a lot of customization so you can match your invoice to your business’s look and feel. Also, for a couple dollars per invoice, FreshBooks will actually send your invoice via snail-mail (traditional USPS) to clients for you (great for non-email businesses), a service no other invoicing software solutions besides Zoho offers.

FreshBooks also integrates with QuickBooks, Paypal, and a variety of other small business software solutions and payment processors. For current FreshBooks pricing and user reviews, here is an in-depth FreshBooks Review.

Other Invoicing Solutions for Specific Businesses

The invoicing software above, are the best for the average small business. But, there are other invoicing software solutions that have unique features for specific businesses. We take a look at several of these other options below and give an idea of what businesses might find them most helpful.

  • Chargify – Invoicing for Subscription-based Businesses – Chargify has the best set of invoicing features for small businesses that work via subscriptions. Other than FreshBooks and Zoho Invoice, it is the only invoicing software we reviewed that has the ability to directly charge credit cards on a monthly/recurring basis. It even has a sophisticated self-service portal where customers/clients can manage service add-ons, address changes, and credit card info. Businesses = Wine store, Massage and Spa, Magazines/Publications
  • mHelpDesk – Invoicing Software for On-the-Go Businesses – mHelpDesk is often referred to as “field service software,” meaning it is designed for businesses that work off-site and are often moving from job to job. You can manage appointments and bill clients on-the-spot, using your mobile phone/tablet. Also, you can create estimates, accept payments, time-track, manage employees (see where they are, etc), and more. mHelpDesk integrates with Paypal and Authorize.net for payment processing, but has few other integrations. The only major downside, is the expense, starting at $75/user/month. Businesses = Contractors, Caterers, Event Planners
  • Zoho Invoice – Invoicing Software Integrate with All-in-one Business Software Solution – If you are a business that wants to manage everything in one place, then Zoho Invoice might be a good option for you. You get similar features to FreshBooks  (not quite as intuitive to use). Zoho Invoice’s main strength, is that it is a part of the Zoho suite of business software. So, you could do invoicing, accounting (Zoho Books), Customer Resources Management (Zoho CRM), and more all from one main interface/solution. Businesses = Ones that already use Zoho for other business tasks, businesses that are looking for an all-in-one business management software solution

Images: “invoice desktop memo calculator office think organize/Shutterstock.com

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Marc Prosser is the co-founder of Marc Waring Ventures, which operates websites related to financial services and small business. Previously, Marc Prosser was the first employee and Chief Marketing Officer at a brokerage firm, which went public on the New York Stock Exchange. He spent over ten years in the role of CMO, where he was a pioneer in the fields of customer relationship management (CRM), search engine marketing, and email marketing. http://fitsmallbusiness.com/

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Comments
  • Thanks for sharing this great list Marc. Speaking as someone who often has to pick up what someone else has tried to do I believe as long as the invoices raised are compliant and can also then be recorded correctly then the system will work. Often the outputs are only as good as the person inputting the information so they need to make sure they know wat they are doing too. I look forward to your next post for us.

  • Binh Nguyen

    Review Terrible earthquake in Nepal.
    https://youtu.be/K6g7J3ZDOeg

  • John William

    Nice Read !

    Would like to suggest one more invoicing tool i.e. Invoicera. It is an online invoicing solution which combines features like recurring billing, auto billing, expense tracking multiple language and currencies and invoice reporting. It has a free plan too which allows you to create and send unlimited invoices.

    You may add this tool to your list as it would help lot of businesses.

    http://www.invoicera.com/online-invoicing.html

  • Evelina Šaulytė

    Invoiceberry is another amazing invoicing solution for businesses. Simple invoicing that saves businesses plenty of time is one of the key feature of Invoiceberry.

    It’s worth mentioning that Invoiceberry is rolling out a completely new design for the website and the software very soon, so even more features i.e. recurring invoices, credit notes, mobile-optimized site, will be offered.

    http://www.invoiceberry.com/

  • it`s Great Published!

    I would like to suggest small and user friendly invoice tracking application. i.e.moon invoice its Mobile application to track your invoice, Payment tracking on each task. Moon invoice also support cloud based so you can access or use anywhere from your iOS Device.Marketing Executive (www.mooninvoice.com)

  • MilenaS

    Nice List !

    Fanurio http://www.fanuriotimetracking.com is another amazing invoicing solution for freelancers.
    Fanurio can export invoices to HTML, PDF, Microsoft Word 2007, OpenOffice OpenDocument and other formats so they can be printed or e-mailed. Invoice templates can be created manually, with a visual editor (Adobe Dreamweaver, Microsoft Word or OpenOffice) or with the built-in template editor.

  • Lipika jain

    https://topnotepad.com/ is the best application i have used.. User friendly at a cheaper cost.
    Very efficient and simple to use.




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