Best Invoicing And Billing Software January 2024

best billing software for small business

Picking the best accounting software for your small business can help improve your accounting workflow, ensure accuracy in your financial reports and reduce costly bookkeeping errors. By working with a cloud-based platform that can handle your best billing software for small business invoicing, accounts receivable and reports, financial departments can focus on long-term goals. These tools help you generate correct invoices, automate alerts, connect with your accounting software, and stay in touch with your customers.

best billing software for small business

The best small business software makes it simple and easy to manage every day business tasks efficiently and cost-effectively. Zoho Billing is used by a wide range of users, including freelancers, small business owners, and organizations in various industries like travel & tourism, fashion design, and non-profit organizations. Sure, QuickBooks could be the best software for your small business, or you might find its prices too high and its features too limited. Depending on what you need, another bookkeeping software pick like FreshBooks or Sage could be better for your business. Check out our list of the year’s best QuickBooks alternatives to get started.

What is the cheapest invoice app?

Zoho’s free invoicing software offers a long list of features, including time and expense tracking, reporting and a customer portal. The software integrates with numerous payment gateways to easily accept online payment as well as many other Zoho apps for customer management, advanced analytics, employee management and more. Billing software programs are highly variable as they cater to different vertical markets. Some companies bill by the hour, while others may do so after project completion.

  • Empower features a money-tracking dashboard that lets you track your expenses based on categories.
  • A business money market account (MMA) is a flexible savings option for business owners looking to earn interest on additional cash.
  • If you plan to use the time-tracking feature in QuickBooks Online, you’ll have to choose at least the Essential plan that costs $55 per month.
  • It verifies, backs up and reviews your company data to maintain its integrity.
  • There is a steep $20 service fee, but it’s waived with a balance of $2,500.

You can also match related transactions, such as an invoice entered into the system and a corresponding payment that has come through. You can split transactions that should be assigned to multiple categories, make notes, and reconcile your accounts with your bank and credit card statements. Next, you have to ask yourself whether you want access to the transactions you have stored in online financial accounts (checking, credit cards, and so on).

What is the difference between invoicing software and accounting software?

Xero, FreshBooks, and QuickBooks all sync with Gusto, our favorite payroll provider for small businesses. At $39 plus $6 per user per month, Gusto is also fairly reasonably priced. Many bookkeepers and accountants use QuickBooks to track their clients’ finances, including both QuickBooks Online and QuickBooks Desktop. QuickBooks Online has a longstanding reputation as one of the easiest accounting software programs to use. The dashboard is well organized with clear graphics for each feature and easy-to-read reports that simplify finances for non-accountant business owners.

best billing software for small business

Information is structured well so you can quickly find the data you need. And though the developer continually adds new features, there is a very short learning curve for them. You only have to add your bill either manually or automatically via QuickBooks synchronization to the platform. And on their end, they can pay using MasterCard, Visa, American Express, Discover, and more. While most standalone billing and invoicing software costs an additional fee, that isn’t true of most of our favorites, including Square, Zoho Invoice, and Wave Invoice.

Wave Accounting

It’s also handy if you need help managing cash flow and monitoring accounts payable and accounts receivable. Wave’s automatic recurring invoicing feature alone makes Wave a good investment, but Wave Accounting also includes free income and expense tracking, receipt scanning, and automatic bank reconciliation. In other words, Wave is a great fit for freelancers and first-time business owners who want a fair amount of features without paying hundreds of dollars a year in accounting software.

It should come as no surprise that Zoho Invoice has gotten overall favorable reviews from its users. While it lacks an extensive inventory system, the software does offer a basic item list. The best invoice software options also include automations like bulk invoicing to save your business time, so you can get those invoices out more quickly and start getting paid for your hard work. Invoice software, or invoicing software, allows small business owners to send invoices online via email, text, social media, or other avenues depending on the software and the business’s preferences. The cheapest invoice app would be one of the best free billing apps, such as Square. However, among the low-cost invoice apps, the least expensive with annual billing is Invoicely which comes with up to 100 invoices per month and 25 saved clients for $7.99 per month with yearly billing.

From setup to customization to automated payment reminders, Wave’s invoicing software ensures an easy and intuitive user experience. All your invoicing data flows seamlessly into Wave’s free accounting software, and if you want to easily collect online payment from your customers, you can choose to use Wave’s paid payment processing service. QuickBooks Online is Intuit’s comprehensive yet easy-to-use software solution that simplifies accounting tasks for freelancers and small businesses. It offers tools to track expenses, calculate taxes, manage invoices, monitor sales, and more. The best invoicing software for your small business depends on your company’s size, budget, and needs.

best billing software for small business

ZarMoney isn’t just another accounting software; it’s a customizable powerhouse built for businesses that need flexibility and precision. At its core, it offers dynamic invoicing capabilities allowing businesses to generate bespoke online invoices tailored to their specific requirements. This adaptability extends to bank connections, seamlessly integrating with over 9,600 financial institutions across the U.S. and Canada. This ensures that businesses have an unparalleled view of their finances, with the ability to review, edit and reconcile records efficiently. Self-employed and small businesses that need easy-to-use invoicing software that includes accounting features in higher-end plans. Square Invoices is made for small businesses and it’s versatile and powerful enough to work well for growing businesses.