What is a Billing & Invoice Software?
The times when payments were made in cash and recorded in books are long gone! To avoid overdue accounts payable and error invoicing, modern enterprises have switched to online payments. Here is where billing and invoice software comes into play.
Billing software is designed to organize and automate the billing and invoice processes. With the software, you can ensure a consistent collection of payments. This leads to a reduction in errors due to manual entry. Today, a majority of businesses have incorporated the billing and invoice software in the Saas platform for SMB.
Now business owners can create invoices using ready-to-use templates which are customizable as well. Besides, templates made on software are known to save time and effort. Such software makes it easy for processing bills which is why multiple companies in various industries have sought this methodology.
The software streamlines the complete billing and invoicing process. Besides, it also helps to compare prices and look for better alternatives that help in making an informed decision. There is integration to external software as well that helps in making the overall process easier. Let's get into some detailed information on billing and invoice software.
Top Billing and invoice software @ Affordable Prices
1. Zoho Invoice
Zoho Invoice is an excellent choice of billing software for SMBs. The best part of the software is the flexible pricing, amazing set of features and customizability options. It is a comprehensive billing system that is ideal for startups to midsize businesses.
The software can easily be integrated with other products like Zoho Expense, Zoho Books, Zoho CRM and more. It comprises various services like tracking expenses, accepting online payments, invoicing, customizable templates, custom reports and more.
Teams can use the Zoho Invoice software to track estimates, convert them to invoices, and send alerts to clients for outstanding payments. Besides, users can create tasks, receive an advance, and track invoice history as well. The invoicing and billing templates have easy customization
- Customizable Invoice Templates
- Time Tracking & Billing
- Online Payment
- Client Payments
- Automated Payment Reminders
FreshBooks is an accounting and invoicing service that is specially designed to make work easier. It is an ideal choice for small businesses and startups to track status information.
The software allows users to send and manage invoices, track payments and receive online payments. It is a straightforward invoicing solution that allows users to manage a wide range of financial services. Create professional-looking invoices in minutes.
Besides, the software also offers automatic balance checks to ensure compliance and accuracy. Furthermore, organize expenses and keep a tab on them to be ready during the tax period. One look at the dashboard and you can access any information anytime. Connected with third-party software, this software offers easy importing as well.
- Expense Management
- Time Tracking
- Order Entry
- Standard reports
- Lite Plan: $6/month (first 6 months, 5 clients)
- Plus Plan: $10/month (first 6 months, 50 clients)
- Premium Plan: $20/month (first 6 months, unlimited clients)
3. BQE CORE
BQE CORE is yet another ideal choice of invoicing solution that changes the way your business operates. It is a native-cloud based integration software that offers a wide range of features
Some of them include time and expense tracking, business and project tracking, invoicing, and client relationship management to name a few. The stunting software can be used by varying industries like architect firms, accounting firms, legal services, engineering and more.
Experience full functionality on your phone or browser anytime anywhere. The app can be easily used by Android/iOS support users. What's more? The invoicing software boasts over 200 report and invoice templates.
- Pay Calculation
- Standardized Processes
- Cash Management
- Expense Management
- tarting from: $7.95/user/month
Looking for a simple way to regulate your finances? Then Wave is the software you should choose. The online accounting platform is exclusively created and designed for small business owners.
Wave software offers a variety of features like invoicing, accounting, billing, tracking, payroll management, credit card processing and more. The software has been curated to streamline bookkeeping processes.
It also features bank reconciliation tools that organizations to manage credit card information and bank account details in real-time. Besides, you can also generate reports like balance sheets, sales taxes, cash flow etc.
- Payroll management
- Reporting & Analytics
- Order Management
- Inventory Management
- Starting from: $299/month
Xero is a web-based accounting software established in 2006. It is specifically designed for small and growing businesses. Since it is a web-based solution, you can access the software from anywhere with an active internet connection.
The powerful software has several accounting features wherein small businesses can view their account details, keep a track of the transactions, and monitor cash flow from any location. The best part of the software is that the bank transactions are automatically imported and coded.
You can also use it for personal expenses like approval of each receipt and mobile reviews. With bulk file import/export, you can get your work done faster than ever. Such software is brought to users to adapt to SMB various business and marketing.
- Sales Overview
- Client Portal
- Contact Management
- Starter: $13.5/month
- Standard: $26/month
- Premium: $33.5/month
Next up on our list is QuickBooks which is again a web-based accounting software that caters to small-sized businesses. It offers a wide range of services like tracking expenses, drafting invoices, bank reconciliation, monitoring financial reports and more.
The solution allows users to download and reconcile transactions. Besides, it also helps with the organization of weekly timesheets and tracks bank deposits as well. What's more?
QuickBooks offers customizable template options that can be attached to business logos and desired fields. You also have the option to import data from integrated applications like American Express, Square and Paypal.
- Bill Management
- Comprehensive Reporting
- Income & Expense Tracking
- Cloud (Self-Employed): $15 per month
- Cloud (Simple Start): $25 per month
- Cloud (Plus): $75 per month
- Cloud (Advanced): $150 per month
7. Oracle Netsuite
Oracle Netsuite is cloud-based accounting software that is available in different editions aimed at different businesses. The software manages various functions like customer collection, sales estimates, and end-to-end workflow management capability.
It is one of the best management and accounting software that you will need for your business. With Netsuite, you can many things at once. Some of them are gaining access to real-time view into invoice analysis, customer ageing, configurable dashboards, recurring invoices are others as well.
The software aims to streamline processes to reduce and eliminate errors. It offers visibility and flexibility to help meet the changing needs of your business.
- Check Processing
- Cash Management
- Data Extraction
- Idea Management
- Financial Reporting
- Starting from $499 per month
Are you looking for the best invoice creation software? Then we hope that this article gives you an insight into the best ones for your business. Today, the world runs by smart work and not hard work. So let this software get your work done effectively
- Simple and quick data entry processes
- Reduction in manual errors
- Saves staff costs
- Comprehensive financial reporting
- Security of data
This way you can focus on the other important aspects of your business. The best billing and invoicing software will keep a track of your financial activities with the least amount of errors.