What is Invoice2go?
Invoice2go is an integrated business bank account, card payment processor and mobile invoicing system for small businesses on the move. Its aim is to simplify financial interactions with customers, enabling you to spend more time building your business. The simple, yet powerful cloud-based software runs on desktop computers as well as mobile devices, securely synchronizing your data so that you have all your customer information on hand wherever you go.
As its name suggests, the central feature of Invoice2go is the invoicing function of the software, in particular the mobile app available for Apple and Android devices. This allows you to create and send invoices on the spot and receive immediate payment from your customers. Professional invoices can be sent via text, email and social media and are made from a range of attractive, customizable templates that allow you to include your logo and business details. Powering Invoice2go is a fee free bank account which allows you to receive secure ACH bank transfers and to accept Visa, Mastercard and American Express payments through the mobile app at fees as low as 2.9%. FDIC insurance ensures your money is always kept safe and the bank account comes with a debit card offering fee-free cash withdrawals. Once payment has been received it is automatically matched with the relevant invoice, eliminating the need for manual reconciliation. Real-time notifications about the status of your payments let you know where your money is and in-built financial reporting lets you stay up to date on your cash flow. Invoice2go says that offering customers flexible ways of paying – through bank transfers, debit and credit cards, and PayPal, lead to traders receiving payments up to three weeks faster.
The company states that they already have 225,000 small businesses using their software and suggest that the powerful features of the app enable users to save over ten hours each week through the automation of tasks. Invoice2go connects with popular accounting software including Quickbooks, Xero and MYOB to enable you to export data for your own use or to send to your accountant. Native integration with Gusto gives you the option of upgrading to add payroll functions, and if you want to go further, secure data sharing service Zapier allows you to sync client details from Google Sheets, Hubspot, Shopify and over 3000 more apps.
A further feature of the tool is the ability to create estimates for customers, and easily convert the estimates to invoices once the job is accepted. Invoice2go believes that businesses can more than double their quotation success rate by using their professional templates. Keeping track of a project through notes, photos and emails can all be handled via the Invoice2go app, with options to schedule appointments via your invoices and to keep track of your hours worked on a job. Automated payment reminders can be sent for outstanding invoices so you don’t have to worry about keeping track of what you are owed. To help promote your business, the app also gives you the opportunity to create a customizable website for your enterprise and to request feedback and collect reviews from your satisfied customers.
Invoice2go
What popular features do you get with Invoice2go?
- Fee free business bank account
- iOS and Android apps
- Straightforward desktop interface
- Instant app based invoicing
- Mobile card payment processing
- Ability to create on-site estimates
- Integration with popular business software
- Automatic reminders for outstanding invoices
- Financial reporting and performance insights
- Project management via the app
- Free website for your business
- Free 30 day trial
Customer Support is available at Invoice2go
Invoice2go offer 24/7 support via email, phone and online chat, although they direct you to their frequently asked questions and straightforward mini-guides before revealing their contact method, and telephone support is reserved for Premium customers. Their website also includes a Resource Hub of helpful small business articles, free invoicing tools and online communities for small business owners.
What kind of business is Invoice2go ideal for?
The user friendly nature of the Invoice2go app and the ability to create estimates and invoices, and to take payments on the go make it a great choice for self-employed tradespeople but it is also suitable for any small to medium sized business that needs this kind of hassle free service, although if you send a high volume of invoices there may be better software choices out there.
Pros and Cons
- Fee free bank account with debit card, backed by FDIC insurance through Blue Ridge Bank, enabling you to receive secure ACH bank transfers from customers.
- Ability to create invoices and take secure credit card payments on the go using a range of professionally designed template invoices.
- Ability to create estimates whilst inspecting a job site, and the option to turn this estimate into an invoice when the work is complete.
- Integration with popular accounting software such as Quickbooks, Xero and MYOB as well as other well-known business software using add-ons.
- Time saving features such as built-in reconciliation, recurring billing and late payment reminders sent automatically to customers.
- Invoice2go is not a full accounting system and as such is not suitable for every business.
- Restrictions apply to the number of invoices you can send each month on the lower priced plans.
- Phone support is only available on the Premium (most costly) plan.
People like you also researched
Here are some products we think might be a good fit based on what people like you viewed.
Intuit Quickbooks
- Over 650+ different business app integrations
- Extensive record-keeping
- Real-time, accessible accounting and bookkeeping solution
- Powerful business insights dashboard
Oracle Netsuite
- All-in-one solution
- Streamlines several business workflows
- Helps with paying taxes and maintaining financial compliance
- Extremely customizable
Freshbooks
- User friendly interface
- Regular updates on glitches and software improvement
- Affordable
- Financial reporting
How much does Invoice2go cost?
*based on information provided by the vendor. Actual cost may vary.
Starter Plan $5.99/month or $59.99/year
4 invoices per month, 3.5% card processing fees
Professional Plan $9.99/month or $99.99/year
10 invoices per month, 3% card processing fees
Premium Plan $39.99/month or $399.99/year
Unlimited invoices, 2.9% card processing fees, recurring invoices, phone support
Invoice2go offer a free 30 day trial of their software.
Final thoughts...
If yours is a company with a high volume of invoicing, or expects to become one, or if you are looking for all-singing, all-dancing accountancy software this package is probably not for you – but if you have a small business that needs a simple and straightforward way of managing its invoicing and cash flow, Invoice2go is an ideal candidate. The uncomplicated and user-friendly app should suit even the most finance-phobic trader whilst providing a sound bookkeeping record of their business that will prevent their accountant from having sleepless nights.
To see if Invoice2go is the right fit for you, visit their site today!