Billing and invoicing software is used mostly to perform accounting and financial tasks. This type of system ranges from simple single-entry programs that include check writing and bookkeeping features to advanced double-entry apps that offer sophisticated features. Billing and invoicing software offers many benefits to users and you can use it to automate your routine tasks, eliminate manual data entry, and make sure your accounting figures are precise and accurate. Show more Therefore, it has become essential for expanding businesses to invest in a quality billing and invoicing software system. We recommend you start your search for the right solution by checking out the leading applications in this category, and to pay greater attention to NetSuite ERP which our experts rate as the top platform. Show less
In order to prepare this ranking of best Invoicing Software for Small Business we have checked various tools currently present on the market, contrasting their features, ease of implementation, client support, available integrations with other systems and mobile device support using our exclusive SmartScoreTM rating system. This list has been prepared by Louie Andre, our B2B expert responsible for the Invoicing Software for Small Business category.
Invoicing software for small business typically come with a wide variety of features to meet the needs of different verticals. Through these platforms, small businesses get various options for sending invoices, collecting payments, and processing delayed payments. Whether businesses bill by the hour or after project completion, business invoicing software ensures that companies can get started with automated invoicing without much hassle. This also helps streamline invoicing workflows, improving productivity and profitability. This buyer’s guide aims to help you choose the best invoicing software for small business.
It’s always a good idea to sign up for a few free trials of invoicing software for small business. In this way, you can compare different platforms’ features and capabilities without having to make a significant investment. Testing various invoicing software also helps you gain a better understanding of what is invoicing software and how to use it for your business’ needs. Some top-ranked invoicing software you can try for free include Melio, QuickBooks Online, FreshBooks, Salesforce CPQ, and Sage Business Cloud Accounting.
Buyers of invoicing software for small business typically fall into one of three types:
Small business owners have various types of invoicing software to choose from, including free, basic invoicing tools to comprehensive invoicing and payment management systems with multiple pricing plans. These software can also be categorized by the features they offer. Users can also choose invoicing software based on deployment, which include:
Below are common features and capabilities shared by invoicing solutions on the market:
With all their features, invoicing software can bring the following benefits to small businesses:
Despite their usefulness, invoicing software continues to have potential limitations and issues. Some of these issues are easy enough to resolve, while others may require more time and effort in resolving underlying issues.
The COVID-19 pandemic has caused disruptions across nearly all industries, forcing businesses everywhere to lean even more on technology to adapt. Automating invoicing and other financial processes remains to be crucial in maintaining profitability and ensuring business success.
Order by:
To select an appropriate SaaS provider you need to consider key criteria such as privacy and security, support and service, and transparency.
Find out if the vendor can be trusted with data security and privacy. Do they have systems in place to protect your confidential information and data? Find about the security procedures they use. This is an important feature of a SaaS solution that cannot be over-emphasized.
It is crucial that the provider offers consistent support to resolve any issues quickly. Ask your potential providers the following queries: Do they provide consulting and training services to help your staff members to utilize the solution efficiently? Do they have an online support center that has useful articles and training resources? What channels of support do they provide? Do they track problems till they are resolved? Is customer satisfaction measured?
Does the SaaS provider conduct their business in a transparent and open manner? You can find out by requesting them for references you can contact. Talk to existing users of the software to find out about the quality of service offered. Does the provider make public the algorithms they employ in the software? Ask these queries to find a SaaS vendor whom you can trust with your confidential customer and business data.
The best invoicing software for small business is Melio, a web-based software currently geared towards small businesses in the US. The software helps business owners streamline their accounts receivable workflows and centralize these processes into a single platform.
Users of the software can add invoices manually or sync the tool with accounting software for faster invoice creation. Payment request and invoices can be customized with a business’ unique branding as well, along with built-in pay buttons.
Once invoices are paid, Melio automatically reconciles the payments with the relevant invoice and with information in integrated accounting software, if any. This helps reduce manual tasks for AR teams and business owners.
The benefits of invoicing software for small business include:
Choosing user-friendly invoicing software is crucial for small business owners. Such software ensures a faster onboarding process and helps business owners focus on growing their companies.
Below are some invoicing software considered the easiest to use:
Though many invoicing tools are subscription-based, there are still some free invoicing platforms that small business owners can take advantage of. Despite being free to use, these software offer plenty of useful features to help business owners organize their invoicing workflows.
Below are some free invoicing software for small businesses:
Updated
FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions.