Invoicing software is an accounting tool designed to produce bills for products or services offered. The software is utilized by individuals, freelancers, and businesses to enhance the efficiency of their billing procedures and accept payments.

Invoicing software offers 5 benefits to businesses and freelancers. 

  1. Create professional invoices
  2. Integrate with payment gateway and accounting software
  3. Send automated reminders to clients for faster payments
  4. Schedule recurring invoices at preferred intervals
  5. Streamline the invoicing process

Here is a list of the best invoicing software for small and medium businesses, large enterprises, and freelancers. Geekflare team has tested these applications based on features like invoicing templates, workflow automation, invoice scheduling, integration, pricing, and ease of use.

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FreshBooks

FreshBooks

Best Overall

Geekflare rating score 4.5 out of 5
4.5
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    Stripe, Payoneer, Authorize.Net
$9.50/month
50% Off for 6 Months
Try FreshBooks

About FreshBooks

FreshBooks is the best invoicing software that allows you to create customized yet professional-looking invoices for your organization or brand. FreshBooks features, like automated invoicing, payment reminders, and accounting integration, help streamline the invoicing process for businesses and freelancers.

FreshBooks is a Canadian company that was established in 2003 and currently has 30 million users in over 160 countries.

Benefits

FreshBooks offers a mobile app to send and track invoices from anywhere. It provides users offer discounts wherever applicable. The software enables the forecast of workload and collects retainers in advance. It provides options to schedule reminders to send to clients. For a detailed overview of its features and performance, check out our detailed FreshBooks Review.

FreshBooks Features

  • Key feature

    Create customized invoices by adding logo and brand color.

  • Key feature

    Add the due date to the invoice.

  • Key feature

    Automatic tax calculation for compliance.

  • Key feature

    Choose your preferred currency for payment.

  • Key feature

    Request clients to upfront deposit a flat amount or percentage of the invoice value.

  • Key feature

    Set up recurring invoices.

  • Key feature

    Instant updates on invoice view and payment.

  • Key feature

    Track time and easily include the expense in the invoice.

  • Key feature

    Charge late fees when applicable.

FreshBooks Pros/Cons

  • Advantage

    Duplicate invoice feature to save time.

  • Advantage

    Preview the invoice before sending it to avoid human error.

  • Advantage

    Customize payment terms as the business needs.

  • Advantage

    Automatic inventory update based on invoiced items.

  • Advantage

    Telephone support to help you when you need it.

  • Disadvantage

    No native integration support for QuickBooks.

  • Disadvantage

    Limits on users and billable clients.

FreshBooks Pricing

Freshbooks has 3 pricing plans as follows.

PlanAmount (monthly)Offerings
Lite$9.50Unlimited invoices for up to 5 clients, track unlimited expenses, send unlimited estimates, run reports for an easy tax time, etc.
Plus$16.50Unlimited invoices for up to 50 clients, set up recurring invoices, run financial and accounting reports, etc.
Premium$30Send unlimited invoices to an unlimited number of clients, Track project profitability, etc.
BILL

BILL

Best for Automate Recurring Invoices

Geekflare rating score 4.2 out of 5
4.2
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    NetSuite, Sage Intacct, QuickBooks
$29/user/month
Try BILL

About BILL

BILL is a proficient financial management platform with powerful invoicing functionality. Ideal for small and medium businesses, it automates back-end financial processes. It simplifies how businesses connect with their clients and suppliers.

BILL was established in 2006 in the USA. As of June 2023, 85 of the top 100 US accounting firms use BILL.

Benefits

BILL allows users to generate invoices quickly with its built-in templates. They can customize the templates using their brand logo, choosing the necessary fields and organizing them as they choose. BILL also supports saving customized templates for future use so users do not have to create from scratch whenever they want to send an invoice.

BILL Features

  • Key feature

    Create, manage, and send invoices with a preset schedule

  • Key feature

    Intuitive payment portal to send money via credit cards or ACH

  • Key feature

    Direct deposit of paid invoice into the bank account

  • Key feature

    Professionally designed invoice templates with customization options

  • Key feature

    Recurring direct debit from customerโ€™s bank account (with their consent)

  • Key feature

    Track invoice status with email notifications and invoice tracker

  • Key feature

    Support sending recurring invoices to regular clients

BILL Pros/Cons

  • Advantage

    Integration with accounting tools like Xero, QuickBooks, and Sage Intacct

  • Advantage

    Monitor incoming payments to know when to expect payments

  • Advantage

    Automatically send payment reminders to the clients

  • Disadvantage

    Email support is not available

  • Disadvantage

    Does not offer 24/7 customer support

BILL Pricing

BILL pricing plans are listed below.

PlanAmount (per user/month)Offerings
Essentials$29Create, send, and track invoices, automatic payment reminders, accept payments via ACH and credit card
Team$55Bill management from centralized inbox, custom user rule, set up auto-charge and auto-pay
Corporate$79Recurring invoices, track payment status, unlimited document storage
EnterpriseCustomSingle Sign-On, API access, priority support
Xero

Xero

Best for Small to Midsized Businesses

Geekflare rating score 4.5 out of 5
4.5
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    Stripe, PayPal Payments Pro, GoCardless
$0.75/month
Free Trial Available
Try Xero

About Xero

Xero is a cloud-based intuitive invoicing software. Xero is an affordable solution with all the basic invoicing features and scalability required for small and medium businesses. Hence, Xero is the best invoice software for small businesses.

Founded in 2006, Xero now has 3.95 million subscribers. This leading cloud invoicing company has offices in the UK, New Zealand, and Australia.

Benefits

Xero supports multiple payment methods, such as debit cards, credit cards, and direct debit. It allows users to choose intervals for sending payment reminder emails to the clients while providing quick identification of unpaid invoices from the mobile app. Users are able to view if the client has viewed or paid the invoice.

More information about Xero is mentioned in our detailed review of Xero accounting.

Xero Features

  • Key feature

    Create invoices and use them as templates.

  • Key feature

    Customize online invoices with logo and custom fields.

  • Key feature

    Send invoices on the go from mobile apps.

  • Key feature

    Include a standard message in the invoice.

  • Key feature

    Reminder before and after the invoice due date.

  • Key feature

    Add new customers anytime.

  • Key feature

    Automate sending of repeat invoices.

  • Key feature

    Check the status of paid and pending invoices.

  • Key feature

    Create an invoice from a customer quote.

  • Key feature

    Generate one PDF combining multiple invoices for email attachment.

  • Key feature

    Send multiple invoices at the same time.

  • Key feature

    Copy the invoice to use it as a template.

  • Key feature

    Import bulk invoices using CSV files.

Xero Pros/Cons

  • Advantage

    24/7 online support for prompt guidance on any issue.

  • Advantage

    Android and iOS apps for any-time access.

  • Advantage

    Pay Now button for one-click payment.

  • Disadvantage

    Lacks complex features required by large enterprises.

  • Disadvantage

    No phone support.

Xero Pricing

Xero’s pricing plans have been listed below.

PlanAmount (monthly)Offerings
Early$0.75Send invoices and quotes, enter bills, reconcile bank transactions, capture data from bills and receipts, and sales tax
Growing$2.10Bulk reconcile transactions
Established$3.90Use multiple currencies, Track projects, Claim expenses, and Analytics Plus
Invoice2go

Invoice2go

Best for Mobile Invoicing

Geekflare rating score 4.2 out of 5
4.2
|
  • Expense Tracking
    No
  • Recurring Invoicing
    Yes
  • Payment Integration
    Stripe, Payoneer, Authorize.Net
$5.99/month
30-day FREE Trial
Try Invoice2go

About Invoice2go

Invoice2go is an application designed to facilitate rapid payment through the swift sending of invoices. This web-based software has a dedicated mobile app for Android and iOS users.

Invoice2go mobile apps have a user-friendly, intuitive interface that allows you to create and send personalized invoices and accept online payments. For these reasons, Invoice2go is the best app for mobile invoicing.

Invoice2go was established in 2002 in Australia, and more than 225,000 companies use it.

Benefits

With Invoice2go, users can share invoices through social media platforms like Facebook Messenger and WhatsApp. It is possible to accept payments using mobile apps through credit cards, debit cards, PayPal, Google Pay, and Apple Pay (iOS app).

Invoice2go sets up automatic reminders for unpaid invoices to avoid chasing the clients manually. It allows client approval and deposits into invoices automatically.

Invoice2go Features

  • Key feature

    Create professional invoices.

  • Key feature

    Customize invoice with company name, logo, and brand color.

  • Key feature

    Quickly send invoices from any location.

  • Key feature

    Send invoices via email, text, or other platforms.

  • Key feature

    Notification upon invoice viewing.

  • Key feature

    Track outstanding and unpaid invoices.

  • Key feature

    Track time and include that in the invoice.

Invoice2go Pros/Cons

  • Advantage

    Import customer information from the phone to the software.

  • Advantage

    Money-back guarantees on plan cancellation within 30 days of purchase.

  • Advantage

    Support through multiple channels like email, chat, and phone.

  • Disadvantage

    Basic invoicing features suitable only for SMBs.

  • Disadvantage

    3.5% card payment fees for the Starter plan.

Invoice2go Pricing

Invoice2go’s pricing plans and offerings are listed below.

PlanAmount (monthly)Offerings
Starter$5.992 invoices/month, Card payment fees 3.5%, Free bank transfers (ACH), Client communications, Ratings & reviews
Professional$9.995 invoices/month, Lower card payment fees 3%, QuickBooks / Xero integration, Advanced reports
Premium$39.99Unlimited invoices, Lowest card payment fees 2.9%, Recurring invoices, Phone support
Zoho Invoice

Zoho Invoice

Best for Customizable Invoices

Geekflare rating score 4.8 out of 5
4.8
|
  • Expense Tracking
    No
  • Recurring Invoicing
    Yes
  • Payment Integration
    Stripe, PayPal Payments Pro, Authorize.Net

About Zoho Invoice

Zoho Invoice is a free software for invoicing. It offers 4 template designs for invoices.

You can upload the organizational logo and choose the colors for the template background, label, and font. So, if personalization is your priority, Zoho Invoice is the best software for customizable invoices.

Zoho was established in 2006. It is headquartered in India and has over 100 million users.

Benefits

Zoho Invoice provides a self-service portal for clients to view invoices and make payments. It allows users to generate 30+ real-time business reports to track business performance. They are able to track unbilled expenses to get reimbursed by the clients. It provides an option to log billable minutes in a straightforward calendar format.

Zoho Invoice Features

  • Key feature

    Create a professional invoice from a gallery of templates.

  • Key feature

    Automate the process of recurring invoices.

  • Key feature

    Send invoice using email, text, customer portal, or sharing link.

  • Key feature

    Track the invoice status.

  • Key feature

    Automated payment reminders to follow up.

  • Key feature

    Convert approved quotes into projects or invoices.

  • Key feature

    Dashboard with graphs and charts.

  • Key feature

    Software UI is available in 20+ languages.

Zoho Invoice Pros/Cons

  • Advantage

    Small business invoicing software is available for free.

  • Advantage

    PCI-DSS compliant platform with 256-bit SSL encryption.

  • Advantage

    Two-factor authentication for better security.

  • Advantage

    Regular detection of viruses and intrusion.

  • Advantage

    Android and iOS apps for on-the-go service.

  • Disadvantage

    No integration support with Zoho Inventory.

  • Disadvantage

    Not suitable for managing a high volume of invoices.

Harvest

Harvest

Best for Time Tracking and Invoicing

Geekflare rating score 4.5 out of 5
4.5
|
  • Expense Tracking
    No
  • Recurring Invoicing
    Yes
  • Payment Integration
    Stripe, PayPal Payments Pro, Authorize.Net
$10.80
Free Plan Available
Try Harvest

About Harvest

Harvest is a time-tracking software that converts timesheets into invoices. Harvest is the optimal software choice for invoicing tasks based on service time.

Established in 2006, Harvest has 70,000 companies as their customers.

Benefits

Harvest integrates with PayPal, Xero, QuickBooks, and other business applications. It provides separate apps for Windows, Mac, iOS, and Android. Harvest streamlines the invoicing process for all team members, tracking their time and invoicing. Users are allowed to set up customized time intervals for late payment reminders.

Harvest Features

  • Key feature

    Convert the timesheet into the invoice.

  • Key feature

    Accurate billing through time tracking.

  • Key feature

    Print the invoice or download a copy in PDF format.

  • Key feature

    One-click online payment from invoice.

  • Key feature

    Create invoices for services and expenses.

  • Key feature

    Online payment acceptance via PayPal and Stripe integration.

  • Key feature

    Email invoice to the client.

  • Key feature

    Attach photos and receipts to the invoice.

  • Key feature

    Track the status of open invoices.

  • Key feature

    Check all payments and invoices.

  • Key feature

    Identify late invoices.

  • Key feature

    Automate recurring invoices.

  • Key feature

    Detailed invoice reports.

  • Key feature

    Automatically copy invoices to Xero and QuickBooks Online through integration.

Harvest Pros/Cons

  • Advantage

    Free trial for 30 days without credit card details.

  • Advantage

    2-click cancellation with no contracts.

  • Advantage

    Discounts for non-profits, educational institutions, and students.

  • Advantage

    An average uptime of 99.9%.

  • Disadvantage

    No phone or chat support.

  • Disadvantage

    Manual time-tracking process might lead to incorrect invoicing.

Intuit QuickBooks Online

Intuit QuickBooks Online

Best for Accounting Integration

Geekflare rating score 4.5 out of 5
4.5
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    Intuit Payments, Stripe, PayPal
$17.5/month
Free Trial Available
Try Intuit QuickBooks

About Intuit QuickBooks Online

Intuit QuickBooks Online is an accounting software that functions as a smart invoice software for small businesses. It lets you create customized invoices quickly and saves time for SMBs with limited manpower.

Given its popularity as accounting software, QuickBooks Online eliminates the need for organizations to adopt a separate invoicing application, making it an ideal choice for small and medium-sized businesses.

Intuit was founded in 1983 and has 100 million global users.

Benefits

With Intuit Quickbooks, users receive payments through QuickBooks Payments at a 4x faster speed. They can manage invoices and payments from one platform. Users are able to create progress invoicing to get paid on project milestones. It allows tracking of partial payments and payment progress automatically as per the original estimate.

Intuit QuickBooks Online Features

  • Key feature

    Create customized invoices with logos, colors, and font.

  • Key feature

    Automatically include billable hours from QuickBooks Time and Google Calendar.

  • Key feature

    Track invoice status in real-time for customer view and payment.

  • Key feature

    Set up recurring invoices at your preferred intervals.

  • Key feature

    Options to print the invoice later and include unbilled charges.

Intuit QuickBooks Online Pros/Cons

  • Advantage

    30-day free trial.

  • Advantage

    Free mobile apps to manage business on the go.

  • Advantage

    Payment dispute protection.

  • Disadvantage

    No free plan.

  • Disadvantage

    Limited integration support.

Intuit QuickBooks Pricing

PlanAmount (monthly)Offerings
Simple Start$17.50Only one user can access, Track income & expenses, Capture & organize receipts, Maximize tax deductions, Manage cash flow
Plus$49Upto 5 users can access, Comprehensive reporting, Multi-currency transactions, Track project profitability
Advanced$117.50Upto 25 users can access, Powerful reporting capabilities, Auto-track fixed assets, Financial planning, Manage employee expenses, Exclusive app integrations, 24/7 support & training
Square Invoices

Square Invoices

Best for Integrated Payments

Geekflare rating score 4.8 out of 5
4.8
|
  • Expense Tracking
    No
  • Recurring Invoicing
    Yes
  • Payment Integration
    Square
$29/month + processing fees
Freemium Version Available
Try Square Invoices

About Square Invoices

Square Invoices is an invoicing solution that offers POS hardware, software, and an online store app. You can easily integrate Square Invoices with these services to streamline the business process and seamlessly receive payments. If you are looking for an invoicing app that can easily integrate with your online store, Square Invoices is the best app for you.

Headquartered in California, Square was founded in 2009.

Benefits

Square Invoices integrates with QuickBooks, Xero, FreshBooks, PandaDoc, and other business apps. It allows clients to pay through credit card, ACH bank transfer, Apple Pay, Google Pay, or Square gift card. It automatically applies tax and discounts to your invoice items while supporting connection with Square Hardware to accept in-person card payments.

Square Invoices Features

  • Key feature

    Create and send online invoices via email, text, and shared link.

  • Key feature

    Real-time invoice status tracking.

  • Key feature

    Convert approved estimates into invoices.

  • Key feature

    Recurring billing is set up for daily, weekly, monthly, and yearly intervals.

  • Key feature

    Request a part of the invoice amount as an upfront deposit.

  • Key feature

    Itemized digital or paper receipts.

  • Key feature

    Batch invoicing and multi-package estimate.

  • Key feature

    Customize invoices with preferred fields, fonts, colors, and layouts.

Square Invoices Pros/Cons

  • Advantage

    Free plan with no monthly fees.

  • Advantage

    Free Square Invoices app.

  • Advantage

    Direct refund issue from app or dashboard.

  • Advantage

    Item library to add items in invoices in one click.

  • Disadvantage

    Does not support partial payment.

  • Disadvantage

    Apply processing fees for online transactions.

Square Invoices Pricing

Square invoices have 3 pricing plans, as listed below.

PlanAmount (monthly)Offerings
FreeNilSell in person, online, over the phone, or out in the field
Plus$29 + processing feesIncludes features designed specifically for restaurants, retailers, or appointment-based businesses
PremiumCustom + processing feesBuild a bespoke plan that meets the complexity of your operations
Invoice Ninja

Invoice Ninja

Best for Freelancers and Small Businesses

Geekflare rating score 4.8 out of 5
4.8
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    Stripe, PayPal, Authorize.Net
$12/month
Start for FREE
Try Invoice Ninja

About Invoice Ninja

Invoice Ninja is a suite of tools essential for invoicing. Invoice Ninja is the ideal invoicing software for freelancers and small businesses, as it allows them to send unlimited invoices for up to 20 clients with its free plan.

Established in 2013, Invoice Ninja has over 200,000 users worldwide.

Benefits

Invoice Ninja allows users to choose from a large collection of templates for every industry and receive online payments through Stripe, PayPal, Apple Pay, Square, and more. It has a client-side portal to view invoices, documents, and payment history and provides automatic currency exchange and sales tax calculation.

Invoice Ninja Features

  • Key feature

    Add clients and send them invoices in seconds.

  • Key feature

    Product library tool to generate invoices and quotes.

  • Key feature

    Attach files to client invoice.

  • Key feature

    One-click payment from the invoice.

  • Key feature

    Accept payments from credit card, ACH, and PayPal.

  • Key feature

    Notification upon invoice viewing by clients.

  • Key feature

    Instant update upon receiving payments.

  • Key feature

    Customize the invoice by adding the company logo and changing the invoice color.

  • Key feature

    Recurring invoices for automatic billing of long-term clients.

  • Key feature

    Create custom invoice fields like client details and invoice products.

  • Key feature

    Automatic conversion of quotes into payable invoices.

  • Key feature

    Bulk email invoicing and product item library.

Invoice Ninja Pros/Cons

  • Advantage

    Separate apps for Windows, Mac, Linux, iOS, and Android.

  • Advantage

    Integration with thousands of apps through Zapier, Integrately, Pabbly, etc.

  • Advantage

    Invoice clients in all major global currencies and languages.

  • Advantage

    Multi-factor authentication and secure login for security.

  • Disadvantage

    Not scalable enough for large companies.

  • Disadvantage

    It is a bit difficult to set up for those who are not tech-savvy.

Invoice Ninja Pricing

The pricing plans of Invoice Ninja are as below.

PlanAmount (monthly)Offerings
Free$020 Clients + Unlimited Invoicing, 4 Professional Invoice Templates, Brand Invoices with Your Logo, Alerts when Invoices are Viewed & Paid
Ninja Pro$12Unlimited Clients & Invoices, 11 Professional Invoice Templates, API Integration, Auto-Reminder Emails, Reports: Invoices, Expenses, P&L
Enterprise$16Create Additional Account Users (up to 20 Users), Integrate Financial Accounts and Sync Banking Transactions
BillingPlatform

BillingPlatform

Best for Enterprise Billing

Geekflare rating score 4.8 out of 5
4.8
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    Authorize.Net, Cybersource, Worldpay
Custom Pricing
Try BillingPlatform

About BillingPlatform

BillingPlatform is a billing software that offers revenue management solutions. Large enterprises often have complex billing and invoicing requirements for their products and services.

While many traditional billing software applications are not equipped enough to fulfill these needs, BillingPlatform is a dedicated solution that offers features such as enterprise-grade security and compliance, usage-based multiple pricing models, and billing integration with a payment gateway framework. These make BillingPlatform ideal for enterprise billing.

BillingPlatform was founded in 2012 and currently processes over 15000 invoices.

Benefits

With BillingPlatform, users are allowed to manage customer accounts with rules, customer-specific pricing, and account hierarchy. It allows customers to view invoice information and make payments 24/7 on the go. It has configurable dynamic invoice templates to create invoices by business unit and geography. It complies with domestic and international standards like ASC 606, IFRS 15, SOC 1 & 2, etc. BillingPlatform secures customer data with application-level encryption.

BillingPlatform Features

  • Key feature

    Create and send an invoice in PDF format.

  • Key feature

    Built-in workflows for billing automation.

  • Key feature

    Include supporting documents with the invoice.

  • Key feature

    Critical reports on billing and outstanding invoices.

  • Key feature

    Dashboard to quickly find any data.

  • Key feature

    Data analytics for actionable strategies.

  • Key feature

    Integrate with external tax engines to follow local or global regulations.

  • Key feature

    Subscription management with invoicing cycles, billing cadences, and pricing tiers.

  • Key feature

    Ongoing subscription-based billing model.

  • Key feature

    Complex recurring billing.

  • Key feature

    Dynamic billing combines multiple factors and formulas.

  • Key feature

    Usage-based billing is based on product usage.

  • Key feature

    Hybrid billing combines using different charges, usage, and subscriptions.

BillingPlatform Pros/Cons

  • Advantage

    Best-in-class security for enterprises.

  • Advantage

    APIs and pre-built connectors for integration.

  • Advantage

    Self-service customer portal to view invoices.

  • Advantage

    GDPR and PCI-compliant billing software.

  • Disadvantage

    Pricing information is not available.

  • Disadvantage

    The interface takes time for users to get used to.

PayPal Invoicing

PayPal Invoicing

Best for Online Payment Integration

Geekflare rating score 4.5 out of 5
4.5
|
  • Expense Tracking
    No
  • Recurring Invoicing
    No
  • Payment Integration
    PayPal
2.99% on cards
Try PayPal Invoicing

About PayPal Invoicing

PayPal Invoicing is a feature of PayPal, an online payment system for sending and receiving money across geographies.

PayPal offers an integrated payment system, which makes it easier to get paid through the same platform, making it the best software for online payment integration.

PayPal was founded in 2000 and is headquartered in California, USA. It currently has over 430 million active accounts.

Benefits

PayPal invoicing allows users to send invoices using emails, sharable links, or QR code. It manages everything from the merchant dashboard and offers payment methods like credit/debit cards, installment, Apple Pay, and Venmo. PayPal invoicing is available in more than 200 countries.

PayPal Invoicing Features

  • Key feature

    Customizable invoice templates.

  • Key feature

    Real-time preview with invoice creation guide.

  • Key feature

    Save invoices as templates.

  • Key feature

    Add shipping details.

  • Key feature

    Choose from 25+ global currencies to get paid.

  • Key feature

    Add taxes, discounts, and special notes to the invoice.

PayPal Invoicing Pros/Cons

  • Advantage

    Clients can pay without a PayPal account.

  • Advantage

    No monthly subscription fees.

  • Advantage

    An easy-to-use platform for anyone.

  • Advantage

    PayPal Business app.

  • Disadvantage

    Complex transaction fee structure.

  • Disadvantage

    Only template customization available.

Wave

Wave

Best for Subscription Billing

Geekflare rating score 4.2 out of 5
4.2
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    Stripe, PayPal
$16/month
Start for FREE
Try Wave

About Wave

Wave is a small business invoicing software that allows companies and individuals to set up recurring invoices and automatic credit card payments for repeat customers.

Wave enables you to switch between automatic and manual billing at any time. For these reasons, Wave is the top choice for subscription billing.

Wave was established in 2010 and has more than 500,000 customers.

Benefits

Wave provides a single dashboard to manage customers and cash flow. It allows users to accept online payments at a discounted rate with expense tracking by digitally capturing receipts. Wave supports Visa, Visa Debit, Mastercard, Mastercard Debit, and American Express.

Wave Features

  • Key feature

    Create unlimited invoices and bills.

  • Key feature

    Custom invoices with logo and brand color.

  • Key feature

    Create bookkeeping records.

  • Key feature

    Automatically import bank transactions.

  • Key feature

    Generate reports to get insight.

  • Key feature

    Categorize and auto-merge bank transactions.

  • Key feature

    Accept online credit card payments or in person.

  • Key feature

    Recurring billing with automatic payments.

  • Key feature

    Instant notification on invoice view, payment, or due.

  • Key feature

    Automated reminder emails.

  • Key feature

    View invoice history.

Wave Pros/Cons

  • Advantage

    Web-based software with mobile apps.

  • Advantage

    PCI-DSS Level 1 service provider.

  • Advantage

    256-bit SSL encryption.

  • Advantage

    Email and live chat support for customers.

  • Disadvantage

    Phone support is not available.

  • Disadvantage

    Live chat support is not available 24/7.

NCH

NCH

Best for Invoice Control

Geekflare rating score 4.0 out of 5
4.0
|
  • Expense Tracking
    No
  • Recurring Invoicing
    Yes
  • Payment Integration
    Authorize.Net, PayPal
$10.83/month
Integrate NCH

About NCH

NCH Express Invoice lets you manage and track your billing process. It centrally stores all customer and product information to keep them organized. Besides task automation and pre-built templates, NCH Express Invoice tracks received payments and outstanding invoices. Hence, it is the best choice for invoice control.

NCH Software was founded in 1993 and has its headquarters in Australia.

Benefits

NCH Express Invoice offers 30+ customizable invoice templates to create professional invoices and adds different tax rates for multiple businesses. It generates reports for unpaid invoices and more and integrates with inventory management software Inventoria.

NCH Features

  • Key feature

    Quickly create invoices for faster payments.

  • Key feature

    Invoice customization with logo, heading text, and notes.

  • Key feature

    Save invoices in PDF format.

  • Key feature

    Recurring invoice scheduling.

  • Key feature

    Set up business information with the wizard.

  • Key feature

    Email, print, or fax the invoice to the clients.

NCH Pros/Cons

  • Advantage

    Separate apps for Windows, Mac, Android, iOS, and Kindle.

  • Advantage

    Offline invoice and quote creation.

  • Advantage

    Invoice support for multiple businesses.

  • Advantage

    Free trial plan available for 1 home user.

  • Disadvantage

    No dedicated web version is available.

  • Disadvantage

    User interface looks outdated.

NCH Pricing

NCH Pricing starts from 10.83/month.

Sage Invoicing

Sage Invoicing

Best for Automation

Geekflare rating score 4.5 out of 5
4.5
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    Worldpay, Stripe, PayPal
ยฃ15/month
2 Months FREE
Try Sage Invoicing

About Sage Invoicing

Sage Invoicing is an impressive invoicing tool for small businesses with a focus on automation. Sage Invoicing helps to automate processes such as creating invoices from accepted quotes, setting up recurring invoices at scheduled intervals, and pulling data from uploaded receipts. These make Sage Invoicing the best software for invoice automation.

Headquartered in the UK, Sage was founded in 1981 and has over 6 million users in the world.

Benefits

Sage Invoicing allows sending custom reminders to the customers and the attachment of documents to invoices for promotion. It integrates with Google Drive and allows the addition of an association logo to show accreditation.

Sage Invoicing Features

  • Key feature

    Create beautiful and professional invoices.

  • Key feature

    Track invoice status like unpaid invoices.

  • Key feature

    Convert approved quotes into invoices.

  • Key feature

    Customize invoices with line items, headings, colors, and company logos.

  • Key feature

    Automatic recurring invoice to avoid the manual error.

  • Key feature

    Invoice status shows if it is viewed and paid.

  • Key feature

    Allow payment from the invoice.

  • Key feature

    Live exchange rates to convert currencies.

  • Key feature

    Invoice tracking on the go with mobile apps.

Sage Invoicing Pros/Cons

  • Advantage

    Stripe-powered Pay Now button for one-click payment.

  • Advantage

    Desktop and mobile apps.

  • Advantage

    Advanced reporting.

  • Disadvantage

    No free trial is available.

  • Disadvantage

    The user interface is not intuitive.

Sage Invoicing Pricing

Sage Invoicing has 3 pricing plans as are listed below.

PlanAmount (monthly)Offerings
Accounting Startยฃ15 excluding 20% VATCreate and send unlimited sales invoices, Simplify bank reconciliation, Calculate and submit VAT
Accounting Standardยฃ30 excluding 20% VATMulti-currency banking, Automatically updates exchange rates, Manages inventory, stock, and pricing
Accounting Plusยฃ39 excluding 20% VATMulti-currency banking, Automatically updates exchange rates, Manage inventory, stock, and pricing
Invoice Expert

Invoice Expert

Best for Windows

Geekflare rating score 4.0 out of 5
4.0
|
  • Expense Tracking
    No
  • Recurring Invoicing
    Yes
  • Payment Integration
    Authorize.Net, PayPal
$69.95 (One-time Payment)
FREE Lite Edition
Try Invoice Expert

About Invoice Expert

Invoice Expert is a desktop-based invoicing software. Invoice Expert is compatible with Windows 10, 8, 7, and older versions. So, if you want to use Windows-based software, Invoice Expert is the best option for you.

Benefits

Invoice Expert offers a collection of professional templates for different industries. There are no monthly charges after purchasing the license. Invoice Expert manages inventory stock from the same platform with an invoice designer to customize the layout and set preferences.

Invoice Expert Features

  • Key feature

    Create invoices and get an all-in-one view.

  • Key feature

    Dashboard that offers a quick view of business finance.

  • Key feature

    Send invoices to clients through emails.

  • Key feature

    Unlimited items to include in the invoice.

  • Key feature

    Add multiple tax rates.

  • Key feature

    Customizable field names.

  • Key feature

    Recurring invoices.

  • Key feature

    Locate due invoices in one place.

  • Key feature

    Manage customer information.

  • Key feature

    Check invoice history.

Invoice Expert Pros/Cons

  • Advantage

    Free access to the light edition for invoicing.

  • Advantage

    Upgrade to the advanced edition with a one-time payment.

  • Advantage

    100% money-back guarantee for 30 days.

  • Disadvantage

    Old-fashioned UI.

  • Disadvantage

    No web version.

  • Disadvantage

    No apps for smartphones or Mac.

Bonsai Invoice

Bonsai Invoice

Best for Freelancers

Geekflare rating score 4.5 out of 5
4.5
|
  • Expense Tracking
    Yes
  • Recurring Invoicing
    Yes
  • Payment Integration
    Stripe, PayPal
$21/month
2 months for FREE
Try Bonsai Invoice

About Bonsai Invoice

Bonsai Invoice is a billing software with powerful invoicing functionalities for individuals and businesses. Bonsai Invoiceโ€™s Starter plan offers features like unlimited invoices and projects, time tracking, client CRM, expense tracking, and proposals. These make Bonsai Invoice a perfect choice for freelancers who want to generate invoices.

Established in 2015, Bonsai has 500,000+ businesses as its customers.

Benefits

Bonsai Invoice offers multiple global payment options like credit cards, ACH, and PayPal. It provides subscription billing for long-term projects with options for invoice attachment to downloads after making payments and a large collection of templates for different use cases.

Bonsai Invoice Features

  • Key feature

    Create custom invoices automatically.

  • Key feature

    Set up recurring invoices for weekly, monthly, and quarterly intervals.

  • Key feature

    Send read-scripts with invoices.

  • Key feature

    Payment reminders to the clients.

  • Key feature

    Automatic late fee addition.

  • Key feature

    Scheduling feature for automated sending of invoices.

  • Key feature

    Bundled invoices.

  • Key feature

    Invoice templates for MS Word, Google Docs, PDF, and MS Excel.

Bonsai Invoice Pros/Cons

  • Advantage

    In-app chat and email support.

  • Advantage

    Payment using Bonsai Payments, Stripe, and PayPal.

  • Advantage

    Client portal for the clients to check project invoices.

  • Disadvantage

    Free trial available for only 7 days.

  • Disadvantage

    Enrollment in the free trial needs credit card information.

Bonsai Invoice Pricing

Bonsai has 3 pricing plans, Starter, Professional, and Business, that consist of monthly and yearly plans. The monthly prices of their yearly plans have been listed below.

PlanAmount (monthly)Offerings
Starter$21Unlimited Clients & Projects, Invoicing & Payments, Tasks & Time Tracking, Expense Tracking
Professional$32Workflow Automation, QuickBooks Integration, Unlimited Scheduling Events, Remove Bonsai Branding
Business$66Resource Planning & Scheduling, Utilization & Capacity Reporting, Profitability & Productivity Reporting, Premium Customer Support

Comparison of the Best Invoicing Software

The table below provides a comparison of pricing and ratings for the best invoicing software.

Best Invoicing Software
Price (monthly)
Learn More
FreshBooks

FreshBooks

$5.70
4.5
/5
BILL

BILL

$29/user
4.2
/5
Xero

Xero

$0.75
4.5
/5
Invoice2go

Invoice2go

$5.99
4.2
/5
Zoho Invoice

Zoho Invoice

FREE
4.8
/5
Harvest

Harvest

$10.80
4.5
/5
Intuit Quickbooks

Intuit Quickbooks

$17.5
4.5
/5
Square Invoices

Square Invoices

$29
4.8
/5
Invoice Ninja

Invoice Ninja

$12
4.8
/5
BillingPlatform

BillingPlatform

On request
4.8
/5
PayPal Invoicing

PayPal Invoicing

2.99% on cards
4.5
/5
Wave

Wave

$16
4.2
/5
NCH Invoice

NCH Invoice

$10.83
4.0
/5
Sage Invoicing

Sage Invoicing

ยฃ15
4.5
/5
Invoice Expert

Invoice Expert

$69.95 one-time
4.0
/5
Bonsai Invoice

Bonsai Invoice

$21
4.5
/5

What is Invoicing Software?

Invoicing software simplifies the invoicing process, which includes creating, sending, and tracking invoices. Most online invoicing software applications offer invoice templates with customization facilities. Thus, companies can quickly generate an invoice for various use cases while being consistent with branding using the company logo and brand color.

Invoicing software programs also support automatic tax calculation, duplicate invoices, recurring invoices on pre-determined intervals, invoice download, invoice sharing via email, and sending automatic reminders to clients. 

Many invoicing software tools enable users to check the real-time status of invoice viewing and making payments. The mobile app feature allows access to invoice data on the go. These applications also generate reports and analytics data to offer insights into different aspects of the invoice. Understanding the basic accounting terms will help maximize the use of these tools for managing the business’ finances effectively.

Is Invoicing Software the Same As Accounting Software?

No, invoicing software is not the same as accounting software because both have different purposes to serve. Invoicing software, also known as billing software programs, allows users to create, manage, and send invoices to clients more efficiently and flexibly. Additionally, for managing incoming payments and customer balances, businesses may also need dedicated accounts receivable software to streamline their cash flow and collections process.

Accounting software is a comprehensive application that manages all the financial aspects of a business. It is a suite of features, including accounts payable/receivable, payroll processing, inventory management, quotation sharing, banking and reconciliation, income statements, bookkeeping, invoicing, and financial reporting. It adheres to established accounting principles, which govern how financial data is recorded and reported.

Do Medium to Big Businesses Need Software for Invoicing?

Yes, medium and big businesses or enterprises need software for invoicing to make the process more efficient and save time on manual labor. Here are the 9 reasons medium and large enterprises should use invoicing software.

  1. Maintain consistency in branding
  2. Manage a large volume of invoices every month
  3. Avoid the risk of human error 
  4. Automate calculation and data validation
  5. Maintain a central invoice record
  6. Handle diverse client requirements
  7. Accept payments from anywhere in the world
  8. Get real-time insights into cash flow and pending transactions
  9. Make better decisions with reports and analytics

How To Choose an Invoice Software?

To select the right invoice software for your business, it’s essential to start by evaluating your business needs. While doing that, you must consider industry-specific requirements, the number of invoices, and the complexity of tasks and consider these 11 features.

  1. Customization of invoices or invoice templates
  2. Automation of invoicing tasks
  3. Payment processing fees
  4. Reporting and analytics
  5. On-the-go access through mobile devices
  6. Free trial to check the software functionality
  7. User-friendly interface with no learning curve
  8. Helpful customer support and resources
  9. Scalability to accommodate your growing business needs
  10. Security and compliance features to protect customer data
  11. Integration with your existing technical stack

Is FreshBooks Better Than QuickBooks Invoice?

Yes, FreshBooks is better than QuickBooks Invoice. While both offer invoicing services, FreshBooks comes with some unique features, such as upfront deposit, automatic tax calculation, and late fee inclusion where applicable. QuickBooks offers limited integration support.

The biggest advantage of FreshBooks is its intuitive user interface. Anyone can start using it without any training. Comparatively, QuickBooks comes with a steep learning curve.

Read this detailed comparison of these applications in this FreshBooks vs QuickBooks article.

How Much Does an Invoice Software Cost?

The cost of invoicing software varies from application to application. While some invoicing tools are free, others come with different subscription tiers. 

For example, plans for invoicing software like Xero and FreshBooks start from $3.76 and $5.7,, respectively. There are also mid-range invoicing programs like Wave (starts at $16) and Bonsai (starts at $21).

Are There Free Invoicing Software?

Yes, Zoho Invoice, Harvest, Invoice Ninja, and Invoice Expert offer free plan with the basic features. Alternatively, you can use Geekflare online invoice generator to create a FREE invoice in few seconds.

Is There CRM Software With an Invoice Generator Feature?

Yes, Bonsai is CRM software with an online invoice generator feature. While it lets you manage your existing clients and keep projects organized, you can also use the invoice generator to bill clients.

The invoice generator tool allows you to include the client name, address, quantity, unit price, tax, and due date to create a full-fledged invoice in a few seconds. It also lets you download the invoice to share with the clients.

How Do Invoice Software and Billing Software Differ?

Invoicing software and billing software serve almost similar purposes in generating an invoice or bill against some products or services. However, there are some differences between invoice software and billing software, which are as follows:

  • Invoicing software generates invoices for B2B clients. Billing software creates bills for B2C scenarios.
  • Invoicing software creates invoices before the transaction. Billing software generates bills after the transaction.
  • Invoice applications are used in long-term projects, bulk purchases, and contract services. Billing software is used in retail services and one-time upfront payments.
  • With invoicing tools, users create complex invoices with detailed breakdowns of services. Billing software creates much simpler bills with only basic information.

To learn about billing applications ideal for other use cases, read this article on the best subscription billing software.

What Are the Best Billing Software for Team Managers?

Harvest is the best billing software for team managers, as it lets them track the time invested by the team members into certain tasks and create invoices accordingly. Harvest also converts timesheets into invoices automatically.  

 You may read this article on time billing software to learn about other time-tracking applications.

To choose the right billing software for team managers, make sure the software offers the following features:

  • Integration with project management or task management tools
  • Time tracking of team members and generating invoices based on the tracked time
  • Collaboration with team members for access and contribution
  • Approval workflow for invoices to set a maximum limit for expenditure
  • Access control for each user to avoid unauthorized access to sensitive data

What are the Other Enterprise Software?

Other enterprise software includes monday.com for project management, Rippling for HR and ATS, ADP for payroll processing, NetSuite for ERP, Salesforce 360 for CRM, SignNow for electronic signature, Shopify for POS, Slack for communication, and Stripe for payment processing.