Invoices are like the lifeline of any business. However, maintaining proper invoices is challenging in a small business.
As a result, you need to struggle to keep records of the payables and receivables. The bookkeeper may face lots of disturbances in recording the transactions.
A well-arranged invoice format can reduce this hurdle.
Managing the finances can become effortless with the best invoicing software. It may be expensive to hire an accounting expert for a small business.
Therefore, it is better to switch to automated billing software. They can track the total number of hours worked, estimate the liabilities, and calculate the receivables.
You will be well-informed about the customers in this way.
I will share a small list of the best invoicing software here. Ensure they meet your criteria and resolve all the financial issues.
Benefits of Select Invoicing Software
Embrace automation in invoicing through a good small business invoicing software. Moreover, these tools help the customers to get direct emails for the amount dues.
Creating customised invoices is also possible through such software. The financial health of your small business will improve immensely.
The advantages you can get from this software are:-
- Facilitates automated invoicing
- Increases efficiency
- Faster payments
- Easy Customer Analysis
- On-time budgeting
- Maintaining a good brand image
- Creates customised invoice
Top 7 Invoicing Software for Small Businesses
1. Zoho Invoice Generator
This is a fantastic cloud-based software for easy billing. Moreover, it allows to creation of well-crafted quotes.
You can design customised logos through the pre-designed templates. Therefore, tracking the work progress becomes effortless with Zoho.
Features
- Customised reports
- Easy access to customer’s data
- Well-curated invoicing
- Flexible interface
- Tailored design templates from the gallery
2. Freshbooks
Freshbooks is a reliable software for preparing professional invoices. Furthermore, it is the best invoicing software for startups and small businesses.
The efficient tool can facilitate double-entry accounting and payable tracking. It has enough space for storing the customer information. It is effortless to manage the finances by switching to this software.
Features
- Quick generation of invoices
- Easy Bank Reconciliation
- Customised invoices
- Automatic payment reminders
- Saving back-up copies
- Adjustable templates
- Configured software for automatic late fee
3. Quickbooks
Quickbooks is another preferred small business invoicing software. Data entries are so simple here. Therefore, most accountants around the world choose this software for everyday accounting.
Furthermore, it also supports seamless operations through quick tracking and efficient sales management. It can also integrate third-party applications, ensuring a safe platform.
Features
- Efficient Payroll Management
- Accepting online payments
- Tracking project’s profitability
- Establishing reorder thresholds
- Automatic tax computations
- Syncing the bank accounts
- Automatic sending of professional invoices to clients
4. Xero Invoice
This works as a SaaS or Software-as-a-Service model. Therefore, you can quickly identify everyday transactions and track them. Categorizing the bank and cash transactions is also effortless.
Moreover, you can make advanced schedules for batch payments. Thus, the cash flow statement will be visible, stating the business’s current financial position.
Features
- Easy tracking of professional invoices post-payment
- Generation of multiple reports, as per need
- Streamlining bills and receipt creation
- Automatic sales tax report generation
- Sending automatic payment reminders
- Tracking expenses
- User-friendly interface
- Checking financial affairs through Xero Analytics
5. Invoicera
Freelancers and small-scale businesses can find this software extremely helpful. It allows quick customisation depending on the business type.
Additionally, you can get a free demo before installing it permanently.
This gives you a clear overview of its features and how it works. Integration with other accounting software is another benefit.
Features
- Faster time tracking
- Auto-billing
- Standalone software for accounts payable and receivables
- Sophisticated invoicing with project management tools
- Facilitates faster payments
- Separate plans according to budget
- Compatible with multiple devices
6. Harvest
You should go for this small business invoicing software for comprehensive billing. Surprisingly, you will get 50 integrations for simplified invoicing.
Therefore, operating in two projects using one effective software is possible. The advanced tools manage the project brilliantly and give notifications for payments due.
You may also prepare a robust budget using various tools.
Features
- Creating detailed profiles for clients
- Comprehensive invoicing with customised reports
- Comes with a Pro-Plan for unlimited invoices
- Features a trial period of 30 days
- Advanced Reports and Analysis tools for target budgeting
- Accepting payments and tracking the receivables
7. Square Invoices
This is free software to handle financials efficiently. Furthermore, it is user-friendly and allows recording in any suitable method.
You can also request future estimates to determine the probable cash flows. Therefore, consolidation of accounts becomes faster and simpler. Customised logo creation is another feature for impressive branding.
Features
- Flexible payment facility
- Pre-designed invoice templates
- Helps in making well-informed decisions
- Making schedules for recurring invoices
- Managing and consolidating cash flows
- The app sends invoices automatically to clients
- Organised invoices and reports
- Customised fields for capturing specific business data
FAQ
Can I generate monthly progress reports through the invoicing software?
Yes. A robust invoicing software can help generate any type of report every month. However, you can create reports on a weekly or daily basis.
Are there any monthly subscriptions for the invoicing software?
Monthly subscription plans are not mandatory for all invoicing software. Many software is there for facilitating free invoicing, like Square Invoices, etc.
Conclusion
Selecting the best invoicing software for your business can be challenging. However, this guide elaborates on the features of top software for invoicing. Thus, small businesses can have an organised method of record keeping.
Tools like Quickbooks, Freshbooks, Zoho, Square Invoices, and others help in auto-billing. You can track the customer status, schedule the payments, and manage the overall cash flows efficiently. Customised invoices and logos are great advantages of such software. Therefore, switch to these tools and software for faster and more accurate invoicing.
