Comparing the Best Invoicing Provider
Invoicing software is a tool that automatically generates billing for rendered services and products. It streamlines the process for getting paid, giving your business an accurate picture of its finances, ensuring liquidity and flexibility, and contributing to a healthy financial forecast.
Generating an invoice is the first step for you to get paid. Previously payments were cash-based and books were manually and tediously maintained. Now we have electronic transfers, card payments, and online payments to speed up transactions. Invoicing software makes the process even more faster and efficient.
Intuit Quickbooks
Intuit Quickbooks is a well-known and popular cloud-based accounting software package consisting of nine integrated modules, of which invoicing is one. With Quickbooks Invoicing, you can invoice at multiple currency rates and use your customer’s native language on the invoice, set up automated invoicing, issue quotes with discounts and payment terms, and easily turn quotes into invoices.
Key Features
- One-glance overview of invoicing status
- Progressive invoicing capability
- Multi-currency payments for international clients
- Professional-looking customized invoicing
Pros & Cons
- Reporting features
- Automated payment reminders
- Connects directly to e-commerce tools
- Invoice payment tracking
- Minimal report customization is possible
- Not just an invoicing tool
Freshbooks
Freshbooks is a cloud-based invoicing and accounting package for freelancers, self-employed professionals, and small businesses hiring contractors or full-time employees. Providing a fresh and inviting user interface, Freshbooks offers you a lot for your money, providing everything a small business needs to estimate, invoice, and receive payments while tracking time, mileage, expenses, and project status.
Key Features
- Automatic mileage tracking
- Multi-currency estimate generation
- Simple estimate to invoice conversion
- Professional invoice and estimate templates
Pros & Cons
- Affordable
- Clean user interface
- Simple and intuitive to use
- Good integration with partner apps
- Expensive to add additional team members
- Unsuitable for larger businesses
Invoice2go
Invoice2go is invoicing software that allows micro and small businesses to send professional-looking invoices to clients from a smartphone or a desktop app. The software allows customization of an invoice template to include your business logo and details. You can also track your appointments, time on a job, and any expenses.
Key Features
- Time tracking capability
- Real-time estimate completion and delivery
- Expense capture for client account
- Client account portals provided
Pros & Cons
- Supports recurring invoices
- Unlimited estimates, projects, and clients
- Supports ACH payments
- Supports manual invoicing
- An annual invoice limit heavily constrains the two lowest plans
- Limited integrations
Oracle Netsuite
Oracle Netsuite is a software company providing integrated and comprehensive cloud-based management resources to businesses. Netsuite Suite Billing is the invoicing module within Oracle’s finance and accounting suite that helps businesses automate and manage their billing, emphasizing subscriptions.
Key Features
- Manages upselling and downselling easily
- Simplifies suspensions and terminations
- Multiple billing models supported
- Supports multiple currencies
Pros & Cons
- Flexible and powerful management of complex recurring invoices
- Netsuite’s other products allow clients to scale as their business grows
- Ensures revenue compliance under ASC-606
- Manages change orders and pro-rated invoicing
- No pricing published, quote-only depending on need
- Pricey for small businesses wanting to invoice only
Invoiceninja
Invoice Ninja is one of the best tools used by small business owners and freelancers to create emails and invoices, receive payments, and track expenses, projects, and tasks. Invoice Ninja provides small to medium-sized businesses and freelancers with impressive accounting and invoicing features.
Key Features
- Easy project and task time tracking
- Up to 13 financial reports are available
- Supports 45+ online payment gateways
- Professional invoice template designs
Pros & Cons
- Comprehensive reporting
- Offers real-time data creatively and appealingly
- In-built timer to ensure you do not miss out on important projects and tasks
- Incredible third-party integration capabilities
- You can only reach their customer support team through emails.
- Limited invoice customizations on the free plan.
Tipalti
Tipalti provides a global automated accounts payable system that offers an end-to-end system of digitizing, automating, and accelerating the handling of vendor billing. The platform removes the inefficient manual methods of payable systems by supplying a portal where vendors can bill you, allowing account managers to review and approve payments online.
Key Features
- Powerful, secure supplier payments API
- Invoice OCR and data extraction
- Payment batch scheduling
- Match POs to invoices/receipts
Pros & Cons
- Purchase order matching capability
- Vendor portal for self-management of data
- Automatic invoice routing for multi-tier review and approval
- Supports ACH payments
- Pricing is obscure
- No free trial
Zarmoney
ZarMoney is a Canada-based invoicing software provider that offers online bookkeeping and accounting solutions to small, medium and large-scale businesses in the United States, Canada and beyond.
Key Features
- Billing & Invoicing
- Contingency Billing
- Ageing Tracking
- Customizable Invoices
Pros & Cons
- Transparent month to month subscription service
- Upload and access data from anywhere anytime
- Constant software updating
- Cloud-based
- Limited integration and add-ons.
- No dedicated mobile app
Paysley
Paysley provides mobile invoicing and payment solutions for contactless and card-not-present transactions. The software does not require special hardware, applications or devices and works on any internet-connected device.
Key Features
- No contracts or termination fees
- Your merchant services or Paysley’s
- Instant payment validation
- Smartphone management
Pros & Cons
- No card readers or devices required
- No storage or management of client credit card details
- PCI compliant
- Auction and social media support
- Doesn’t handle ACH, ApplePay and GooglePay
- No recurring billing with the lowest subscription tier
Bill.com
Bill.com is a computer-based invoicing software that handles your financial flow while collaborating with banks and accountancy firms. Presented as a Software as a Service (SaaS), it is intended to serve as a mechanism for banks, accounting companies, and enterprises to dictate and control cash flow.
Key Features
- Passcode authentication
- Multiple organization options
- Complete audit trail
- Payment adjustment and flexibility
Pros & Cons
- Affordable pricing.
- Easier communication with vendors and consumers that use Bill.com as well.
- Multiple money transmitter licenses in all 50 states
- for increased payment security.
- Continious software improvement based on client feedback
- It might be expensive for enterprises with a large number of enrolled users
- Limited invoice tracking
Zoho Invoice
Zoho Invoice is an invoicing software package designed especially for small and medium-sized businesses to monitor and record transactions, create professional invoices, and ensure seamless and easy payments. It belongs to a much larger suite of web-based tools developed by the Indian multinational tech company, Zoho Corporations.
Key Features
- Client portal
- Activity dashboard
- Mobile application
- Billable and non-billable hours
Pros & Cons
- Creation of accurate invoices in several currencies.
- Payment reminders are automatically sent to customers.
- Users have ten gateway options, including PayPal and Forte.
- Over a dozen invoice templates that can be customized to match your brand
- Some functions may require technical knowledge
- Users can only generate 1,000 invoices in a year
PandaDoc
PandaDoc is a document management software that helps users create invoice, proposals, quotes, human resources documents, contracts and more. The cloud-based software is a comprehensive and versatile solution with its compatibility with various file formats like PDFs, Docs, and other electronic file types used in online transactions.
Key Features
- Document signing
- Signature history and auditing
- Template embedding
- Document builder
Pros & Cons
- Free plan
- 450+ templates
- Useful sales features
- Solution for legal documents and document filing
- Standard editing capabilities are not available.
- Inability to receive recurring payments through the platform.
