Whether you own a small business or run a home-based consulting firm, invoicing is one of the most important tasks you do on a regular basis. If you don’t invoice your clients often enough, they won’t know when to expect an invoice and can fall far behind in their payments. If you don’t invoice correctly, it’s easy for your clients to make mistakes with their payments. You want to make sure your invoices are attractive and easy to read while eliciting prompt payment from your clients.
Like many businesses, your business relies on quotes and invoices to be created with great efficiency. When invoicing with Excel, it can be time consuming with calculations, extra forms of communication needed with clients, and the process doesn’t always allow costs to be apportioned with ease. Here are couple of softwares that will help you.
GnuCash
Best Free Accounting Software for Bookkeeping.
GnuCash stands out among free accounting software for several reasons. As with any other accounting software, it helps you keep track of your expenses, cash flow, your stock market investments, and all your bank accounts. But it also offers a lot more.
For starters, it features double-entry accounting. With the Checkbook register feature, the platform seamlessly records every transaction you make from moving cash from one account to the other to purchasing stock, credit card transactions, etc.
If a transaction you made is inconclusive, you can record it on this register. Then, you can update it later to reflect that it’s been reconciled.
The reporting features are the best part. You can get a weekly or monthly summary of all the financial transactions you engaged in. The report and graph would reflect your profit and loss, balance sheet, your investment portfolio, etc.
Pricing
GnuCash is completely free to use. But the creators accept donations via the donation page on the website.
Pros
- It offers an effective way to track your finances
- You can automate recurring payments
- The double-entry feature ensures you make no mistake when inputting your financial statements.
- You’ll have access to your financial reports so you can track your business cash flow, portfolio, etc.
Cons
- Setting up this software might be a bit confusing.
CloudBooks
Best Invoicing Software for Freelancers.
CloudBooks’ core strengths are billing and invoicing. The platform offers invoice templates and can automatically create and send invoices to your clients on your behalf.
That said, billing and invoicing is not all that this software has to offer. There are also features for expense tracking, project management, collaboration, and automated recurring payments.
Pricing
There are three packages. There’s the Freelancer package that goes for $2/month. The Team package goes for $10/month while the Agency package goes for $20 monthly. You can also use the free version or start a free trial of what the app is about before you invest.
Pros
- Generates invoices quickly
- You can get a financial report whenever you need one
- You can access it from any device, from any location around the world
Cons
- It can be difficult to select names and items when processing invoices.
- The free account is quite limited
Zoho Books
Best Free Invoicing Software for Small Business Owners.
Perhaps the best part of Zoho Books is that it offers a variety of premium features for free. For small businesses, going through the hurdle of creating an invoice template to get paid for rendering your services can be excruciating. But thanks to software like Zoho Books, you can create an invoice in an instant.
Aside from creating professional invoices, you can set up and send automatic payment reminders to clients. There are also features for tax management, debt management, and collaboration.
And finally, Zoho Books offers 40+ other apps to help you manage your business smoothly.
Pricing
Zoho Books has four plans. The Free Plan, the Standard Plan that goes for $10/ month, the Professional Plan that goes for $20/ month, and the Premium Plan at $30/month, all with annual billing.
Pros
- An easy way to bill your customers at once
- Regardless of where you are, Zoho Books adapts to your tax laws, local currency, and language
- Sends automatic payment reminders to customers
- An easy way to track your expenses
Cons
- Customization features are limited
And.co
Best All-in-one Business Management Software for Freelancers.
And.co is owned by Fiverr. So, it shouldn’t come as a surprise that it does more than track expenses for Freelancers. Although primarily an accounting software, it also helps freelancers manage their entire business through the features it provides.
For starters, And.co presents an easy way for Freelancers to quickly whip up an invoice. But unlike other software with tons of invoice templates, And.co gives you just one detailed invoice template. But that one is all you’ll likely ever need.
Aside from invoicing and expense tracking, this software also offers project management and time-tracking features. The best part is that every project you create gets a dedicated home page. You can modify the project as you go by including other information.
The user experience with this software is seamless. The platform is user-friendly and easily navigable. With a toolbar that shows you all the sections you can access, you can easily interact with each section.
And.co also provides you with mini-reports and statements that further help you track your invoices, payments, etc. You’ll get a tax report and an overview of your earnings through your income statement.
Pricing
And.co has a completely free, albeit limited, plan. You can only manage one client with the free plan. The pro version grants you access to all the features that the platform has to offer for $18 monthly.
Pros
- Targeted specifically towards freelancers
- Scheduling invoice is easy
- It helps you highlight the details of your contracts and proposals
Cons
- The invoice template is limited.
Akaunting
Akaunting provides accounting tools for small businesses, including invoicing, accepting online payments and tracking expenses, designed to help manage finances and stay on top of cash flow. The software is online and available to use on your mobile or tablet, as well as your desktop, so you can make the most of its convenient interface wherever you need. Some of the free features include:
- Create online client portals with password access
- Invoice clients and accept online payments for free (platforms such as PayPal charge their own fees)
- Create and sync unlimited bank and cash accounts
- Track expenses
- Set up recurring bills
- Manage vendors and filter their transactions
Akaunting also has an online app store where you can purchase more advanced features such as software to manage online sales and purchase orders, or reporting software which tracks customers payments. The use of paid third-party apps may mean that extra purchases are required for full use of the Akaunting platform and its capabilities, but also allows you to simply pick and choose what you need, meaning you’re not locked into anything that you don’t want.
Sunrise
Sunrise provides bookkeeping software for small and medium size businesses, through a variety of monthly paid plans, alongside a free ‘Self-Service’ plan. They also have an online blog and some Bookkeeping 101 tips on their website to help you get money-savvy. The free Self-Service plan includes the following:
- Unlimited customised invoices
- Unlimited bank transactions
- Cash Flow reports
- Double entry accounting
- SunrisePay, which allows you to accept online and mobile payments
If you decide to invest in your accounting software by upgrading to a paid Sunrise plan, you’ll be assigned a professional bookkeeper to manage your finances, although if you think you can manage them on your own, the Self-Service plan may be just the ticket.
Honourable Mentions
FreshBooks
FreshBooks is free invoicing software that helps you build and send invoices online and get paid faster. FreshBooks lets you know when clients view your invoices, track overdue invoices, auto-schedule payments, charge late payment fees on invoices, and more. You can even customize invoices to impress your clients-choose an invoice template, add your company logo, and modify colors and fonts. What’s interesting about this tool is that it lets you send invoices in your client’s preferred language!
Wave
Wave is the best free invoice software for all-in-one invoicing for small businesses. This invoice software allows you to keep track of your payments, bills, and expenses. You can design a professional invoice template to give your business an edge. With Wave, you can create and send invoices to customers in just seconds, set up recurring billing for repeat customers, accept payments online, view customer transaction history, get cash flow insights, and more!
Paypal
Paypal is a mobile-friendly free invoice software. You can create and send invoices in just minutes on any digital device, save online invoice templates for quick entry, and automate payment reminders. Paypal is also known as a payment gateway that processes card and bank payments and accepts payments from clients around the world. With a lot of uncomplicated tools to use, sending a professional invoice is easy with Paypal. This free mobile app for invoicing has been around for more than 20 years!
Zoho Invoice
Zoho Invoice is a free billing and invoicing software for small businesses that have less than five clients to invoice. Zoho Invoice effectively manages and monitors your invoices while you relax. This tool is perfect for time tracking, expense tracking, invoice tracking, sending reminders, and most importantly allows customers to pay through credit card or debit cards and bank transfers. Along with a free invoice generator, Zoho Invoice comes with other free generators such as estimate generator, income tax calculator, expense report generator, revenue forecaster, and SKU generator. Zoho Invoice seamlessly integrates with their own suite of products and also with Stripe, Paypal, Google Drive, and Dropbox.
Nutcache
Perfect for small businesses, Nutcache is invoicing and project tracking software combined. You can create, customize, and monitor unlimited invoices, invoice your project, track delayed payments, and get paid faster. If you have a recurring invoice, simply automate it to get paid on time. Their free plan includes a maximum of 20 users and 1 GB of storage.
Invoicera
Invoicera is an online invoicing and billing software that can be customized as per your small business needs. This cloud-based free invoicing software automates your invoices so you can focus on other important tasks of your business. You can send payment reminders, manage your vendors, customize invoice layouts to make them look more professional, and manage remote teams with centralized data management.
QuickBooks
QuickBooks is free invoicing software that lets you get paid faster. This all-in-one business and banking solution auto-fills invoices with customer information and schedules invoices in advance. You can create, send, and track invoices from any digital device without a hassle. You can even connect Quickbooks to your bank to check daily transactions. If you are in the retail business, this free billing software is perfect for you.
Brightbook
Brightbook is a completely free invoicing software that makes invoicing extremely easy. It doubles as accounting software that gives you instant insights and lets you import banking statements to check your daily transactions. Brightbook has a multi-user feature that provides selective access for extra safety and privacy.
Invoice Generator
If you don’t have too many invoices to send, Invoice Generator is perfect for you. You can create and send invoices to clients and accept payments online without having to create an account and log in to this invoice software. All you need to do is type in your invoice information, put your logo, and opt to showcase tax, shipping, and discount costs. You can even add links to various payment options.
Square
Square might be best known for accepting POS and online payments. This invoice software works with almost any eCommerce platform. You can send a free Square invoice and estimates that you can easily convert into invoices. You will also be able to share contract templates along with your invoices. No matter where you are, with Square Invoices free mobile app you track unpaid and paid invoices from any digital device.
Want to send your invoices for signatures within Google Sheets? You can do it easily with SignEasy. Avoid administrative errors, reduce friction, and get paid sooner! Try SignEasy today!
Conclusion
This post is a review of Free Invoicing Software For Small Business Australia. We have tried to include the best free invoicing solutions for small businesses, which are both easy to use and offer all the features you need to invoice your clients quickly and easily. These invoicing software applications allow you to create quotes, send invoices, track payments and record expenses—all from a single dashboard. They also provide detailed reports that help you keep your books up-to-date and your taxes correctly filed.