With the introduction of modern invoicing solutions for small businesses, you now have a more efficient software tool to bill your customers/clients and keep track of your income. Electronic invoicing solutions became a game-changing tool available to businesses, all in the effort of going ‘paperless’. We will be discussing the best invoicing software.

The complexities, speed and working capacities of this said software got finer and finer, that now, every medium to well-established companies would have some sort of these solutions utilized. It is now a staple for businesses of any size in general.

Invoicing software tools are now able to pretty much automate the whole accounting process

Businesses are able to automate upwards of 50% of all manual financial protocols. And Initiating with processing and sending invoices, keeping track of payments received and payments made and balancing the financial books.

Businesses are more able to get payments faster, thus being able to reinvest a lot quicker and respond faster to the market that they are conducting business in.

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Customers/clients are taken better care of because delays due to payment errors are minimal to none whereas non-compliant payers are kept in check. Purchase orders are processed faster, therefore, keeping vendors happy. Business growth was convenient to forecast and business owners and board members were able to make better business decisions with the information they were able to analyze and access.

The best invoice software allows you to streamline your invoicing process and get money instant by allowing customers or clients to pay online. After making you aware of the best accounting software and best CRM For small businesses. We again come up with 10 invoicing software programs based on the ability to create recurring invoices, send automatic payment reminders to customers and run accounts receivable aging reports to stay on top of open invoices.

How We Evaluated Invoicing Software Programs

Usually, many small businesses do not require all of the bells and whistles that invoicing software offers. Instead, they want an invoice software that can send professional looking invoices that their customers/clients can easily pay online.

Thus, the best invoicing software should be easy to use and include tools that will help you to get paid faster such as automatic payment reminders and recurring payments.

Based on the features most important to small business owners, we evaluated all invoice software products on the following criteria

(i) Their ability to create custom invoices: Brand your invoices by adding your logo, colors, and other custom designs to create professional-looking invoices.

(ii) Accessible online: No software to install, which means you can access it 24*7 from any computer with an internet connection.

(iii) Able to set up recurring payments: Customers and clients who pay you a set amount on a periodic basis — weekly, monthly or quarterly — can be put on autopilot so that the invoice is emailed automatically on the date that you specify.

(iv) Customers and clients can pay invoices online: When you e-mail invoices to customers and clients, they can pay their invoices online with a debit card or a credit card.

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(v) Automatic reminders can be sent to customers and clients: To minimize late payments, you can set up automatic reminders that go out to all customers and clients before and after an invoice becomes due.

(vi) Able to produce accounts receivable (A/R) aging report: To help you stay on top of outstanding customer balances, you can run an A/R aging report quickly to see what payments are coming due or past due.

Based on the above criteria and the time invested in learning how each product performed, we recommend FreshBooks as the best invoicing software to small businesses.

In addition to meeting our basic criteria, FreshBooks includes many other features that go well beyond invoicing. Best of all, it offers a 30-day free trial, so you can try it before you purchase its premium plan.

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10 Best Invoice Software For Small Businesses To Try In 2019-20

Just like any business software, you have to be able to make a fundamental decision when implementing an invoicing software solution in your company.

Well, we know how important this question is and that is why many highly qualified B2B experts and reviewers went to the task of gathering the best invoicing software ideal tools are currently popped up in the market to offer you the 10 best invoicing software solutions in the market.

So, here is the list of the 10 best invoice software tools for small businesses in 2020 you should aware of for carrying out accounting operations for your business.

1. Freshbooks

Freshbooks is one of the top leading and the best invoicing software solutions available in the market with around 5 million businesses optimizing its capabilities. And considered an ideal solution for small businesses that want to take on bigger and more complex invoicing tasks.

Freelancers that want to give off more of that “professional” look to their business will also benefit greatly with how quick and simple it is done on Freshbooks.

With Freshbooks, the journey becomes fruitful to integrate into your business platform. Personalize and automate your invoices so you do not miss a payment.

Improve communications between your teams and your vendors through collaboration. Certainly and entirely do away with human error that can be proved costly for your business.

Stay on top of your business by automating invoicing alerts and be able to plan your quarterly and even yearly projections using Freshbooks reporting capabilities. If that is not enough, this software is also available on mobile so you can be on the go and still be able to keep up with your invoicing.

If you would like to try out the solution first, the vendor offers a great free trial plan for 30 days.

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2. Tipalti

Tipalti is a Software as a Service (SaaS) end-to-end invoicing solution. And more importantly, payment and invoicing automation is not just what it is good at but also tax compliance processing as well.

This KPMG-certified application collects US tax forms automatically.  This also generates the 1099 forms at the end of each year. It is also able to identify and protect against illicit financial processes by hapless victims of money launderers so you are very well protected.

This application is able to automate and streamline the generation of tax reporting thus allowing for your team to be more able to perform other necessary tasks and not have to pour precious time and effort into tax reporting, which is not only a very important task but also mandated by the government.

Above all, Tipalti has a very powerful reporting tool so that your financial teams are able to generate a more detailed report. And the process is coupled with the taxation compliance capabilities of the SaaS application makes your financial management a task that is no longer tedious and time-consuming.

3. QuickBooks Enterprise

QuickBooks Enterprise is a complete accounting platform purpose-built for high-growth businesses. It grants end-to-end solutions that cover up financial management, reporting, vendor management and purchasing management.

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What’s more is that this platform provides users with business-specific features, making it easier to manage your processes according to industry regulations.

In addition to the said functionalities, QuickBooks Enterprise also comes with a robust sales and customer management module. With this, you can carry on your invoices from creating custom templates to schedule when they should be sent.

It also grabs the attention of many small and micro businesses with a batch invoicing feature which comes in handy if you need to send invoices to multiple customers at once. Moreover, the platform comes with a Collections Center that will help you identify due invoices and send customers email notifications without having to exit the software.

If you think that this platform is suitable for your operations, the vendor offers a great free trial plan that will allow you to check out all its key features first-hand.

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4. Xero

The beauty with Xero is the way it makes the process of creating your invoicing, ‘beautiful’. It is easy to be creative with Xero. And make your automated invoices from scratch, or if you think you are not feeling artistic enough, just choose from the available templates that Xero provides and just activate fields you would want to use. It is cloud-based, so on-site installation and software compatibility includes no worry.

Work on the cloud, on any device and get money in an instant so you do not have to wait. Financial managers do not need to lug around bulky ledgers. In addition, they just log in and all the reports are easily available so they can work faster. Balancing your books is automatic so you do not need to worry about payments and funds falling into the cracks and missing.

Xero is very safe. With the help of putting lots of effort, Xero is a secure invoicing software so that you do not have to worry about any data loss. Everything is saved on the cloud with the help of using secure servers so being able to track your financial books is easily retrievable.

There is also a great free trial plan available if you want to check out all the key features before purchasing the product.

5. Zoho Invoice

Zoho Invoice is a very big player in the world of business applications and solutions and has an excellent invoicing offering with this interesting invoicing software.

And it is perfect for small and medium businesses that need a strong invoicing solution for their financial monitoring and processing needs. Freelancers, photographers, and one-man business or sole proprietorship outfits can benefit from using Zoho Invoices to simplify their invoicing processes and create a more commercial feel.

Invoice creation is very quick and easy. Templates are available or if you want to create your own. Track every transaction and be able to do online payments is also something that Zoho Invoice does very well. Transact internationally and online using its ability to handle different languages and currencies. On top of this, and is a very affordable option, but in no less any devoid of quality that Zoho is ideal for.

6. Intacct

Intacct is a powerful invoicing tool, not just for small businesses, but for companies of all sizes. It requires minimal manual calculation and pretty much automates everything else. Capable of growing orders, it has the ability to handle unexpected client growth without any help or need to make changes.

It is a straightforward application that automates your invoicing from creation to sending and payment reception so human error from manual manipulation and encoding does not become an unwelcome situation for you.

It is able to integrate with Salesforce so you do not have to find a different solution that is more compatible. After utilizing it, you can hit the ground running with Intacct Subscription and Billing so you do not need to lose time in getting things to finish.

7. FinancialForce Accounting

FinancialForce Accounting is very easy to learn and utilize enterprise resource planning (ERP) software. This application runs on the Salesforce cloud platform so you can make sure that you are getting an efficient and cost-effective solution that can take care of your journey with your client from end-to-end is seamless. This integration makes for all of your data to be in one record system.

It has the ability to handle cross-currency exchanges and carry out multiple company transactions with ease. Reporting financials are also quite well so you can make year-to-date views and help you with your projections for the next quarterly goals.

Creating such reports are also very easy because of the templates available for use. Invoices are also done quite easily thus limiting human error and all of this is beyond what one would expect from an invoicing software application. If you are a company that is looking towards finding an invoicing software and you are running Salesforce as your CRM, then look no further.

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8. Wave

Wave is an invoicing software application which is great for one-man to small team outfits. Being in a smaller organization does not mean that your invoicing needs are anything less. As a matter of fact, they might even be more important because it could mean further growth for your company.

Wave is an accounting and finance software that combines accounting, invoicing and receipt scanning all in one nice package. It features a very straightforward dashboard where everything that is essential, so learning how to use this software is not rocket science.

This software is free. Coming across an application that gets the job done in helping you keep your ledgers balanced, sending automated invoices, does income and expense tracking and more without any costs or hidden charges and definitely seem no-brainer at all for any start-up or freelancer.

9. Brightpearl

Brightpearl is more of a sales software and everything else. This is a retail management system that integrates with Amazon, eBay, Magento, Shopify, Bigcommerce and ekmPowershop. So, you have multiple channels to grow your business in. It handles orders, customer data, and accounting, as well as reporting all in one.

For invoicing, it is a straightforward approach in automating invoices, tracking incoming and outgoing transactions through the multiple sales channels listed above makes it a very capable invoicing solution.

10. CheckIssuing

CheckIssuing offers a reliable third-party check/document printing and mailing services that tout high-security checks and fraud protection feature to safeguard or protect all sensitive information.

Envelopes come with black security tine and tout security features such as chemical wash detection and toner anchorage, among others. With its administration system, you can securely handle streamline your end to end invoicing processes.

To properly reflect your company’s branding, this platform allows you to personalize checks by including the company logo, notes, and other elements. CheckIssuing is highly-scalable and provides volume-based pricing for its printing services.

Bottom Line – Invoicing Software for Your Small Business is a Matter of Choice

We have provided you with an in-depth look at the best invoice software products on the market for your small business. Now it is time for you to make your choice and pick one. If you are looking for a user-friendly, customizable invoice software that has all of the tools you need to streamline your A/R process so that you can get paid faster, then FreshBooks is the top pick.

Additionally, if your small business has a loan with BlueVine or Fundbox, then integration with FreshBooks makes the process seamless than ever. The user-friendly interface and streamlined invoicing and payment processing features make FreshBooks the clear winner.

Instead of taking our word for it, you can give FreshBooks a try, risk-free. At the end of the free 30-day trial period, if you want to continue to use the product, you can then sign up for a paid plan.

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