Invoicing Software Reviews

Invoicing software is a crucial part of running a business. In fact, the best invoicing software can help you put your company’s finances into better shape. At Invoicing Software Reviews, we tell you everything you need to know about the best invoice programs. We review different features and show you how they will fit into your business model. There are many options if you are looking to find invoicing software reviews. You can check reviews on www.ucnlive.com or www.bestinvoiceapp.net but in this blog post, I will be focusing on reviews of three most popular options in the market with an overall review of one option in particular. This review will provide you with all the important information you need to know before making a decision

collection of payments and reduces errors due to manual data entry. A wide variety of industries employ billing and invoice software, including: – Utilities and telecommunications providers – Architects – Freelancers – Professional firms such as legal or medical servicesJump to:View all productsFrontRunners

What 5 key Billing and Invoicing Software features should I look for?

Time tracking

Assign rates based on the project, employee type, or billing cycle. Track billable time, and export timesheets to create client invoices.

Creating invoices

Customize invoices with your company logo, payment terms and conditions, client information, and more.

Sending invoices

Set up one-time or recurring invoices. Some systems will send you a notification when an invoice has been viewed by the recipient.

Online payment

Send payment reminders, and add a late fee to overdue invoices. Accept online payments via credit cards, automatic bank transfers, or payment gateways (e.g., PayPal, Stripe).

Reporting

Generate financial statements and reports, including expense reports, profit and loss statements, payments collection reports, and accounts aging reports.

Compare All Billing and Invoicing Software

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Showing 1 – 20 of 336 products

Chargebee

Chargebee is a cloud-based accounting solution for businesses of all sizes across various industries such as telecommunication and media, e-commerce and IoT. The solution is PCI Level 1 certified and offers features such as subscr…Read more

No reviews yetCompareVisit Website

Zoho Invoice

Zoho Invoice is a 100% free cloud-based invoicing solution designed to help small businesses with invoicing, tracking expenses and, accepting online payments.Key features include project billing, time tracking, reporting, customiz…Read more

4.61 (315 reviews)CompareVisit Website

Bitrix24

Bitrix24 is a client management solution that provides a platform for businesses to organize and track interactions with potential or existing clients and partners. The software allows users to log and manage client interactions, …Read more

4.03 (485 reviews)CompareVisit Website

Elorus

Elorus is an online invoicing, time-tracking, billing and expense management platform. At heart, it is the ideal professional solution for every freelancer, small business and creative agency. Since 2014, Elorus has been working h…Read more

4.83 (71 reviews)CompareVisit Website

Odoo

Odoo Point of Sale (POS) is part of Odoo’s integrated suite of business applications. The module is available both on and offline and provides unified data across stores and has an integrated inventory management function. Od…Read more

4.16 (424 reviews)CompareVisit Website

PandaDoc

PandaDoc is cloud-based document management software that helps users in creating proposals, quotes, human resources documents, contracts and more. The solution is mostly used by sales and marketing teams and company leadership. …Read more

4.45 (785 reviews)CompareVisit Website

Tridens Monetization

Tridens Monetization enables service providers to quickly launch innovative digital subscription and usage-based services that differentiate against competitors, develop recurring revenues, and deepen customer relationships. …Read more

4.94 (16 reviews)CompareVisit Website

Cforia.autonomy

Cforia.autonomy is a cloud-based accounts receivable automation platform that offers business owners the ability to consolidate and visualize AR data such as credit, collections, disputes, deductions, cash flow, and receivables fr…Read more

4.80 (10 reviews)CompareVisit Website

Paymo

Paymo is a work and project management solution for small and medium client-based businesses. This solution supports remote work and offers project planning, resource scheduling, team collaboration, file proofing, time tracking, a…Read more

4.73 (412 reviews)CompareVisit Website

Emburse Chrome River INVOICE

Chrome River INVOICE is an accounts payable solution designed to help businesses in education, healthcare, insurance, retail, legal, banking, and other sectors capture, view and manage invoices. Managers can use the dashboard to s…Read more

4.57 (14 reviews)CompareVisit Website

Software pricing tips

Read our Billing & Invoicing Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

SuiteDashFlowluDivvyAgiledInvoice NinjaSpeedInvoice

Scoro

Scoro is a cloud-based professional services solution for small to midsize companies in advertising, consulting, IT and other industries. The solution provides a control hub that displays pending tasks, account information, key pe…Read more

4.63 (165 reviews)CompareVisit Website

FrontRunners 2021

PayPal

PayPal is a digital payment platform that enables businesses and individuals to pay and accept payments through an online portal without revealing any financial details. The solution is suitable for businesses of all sizes. P…Read more

4.68 (20047 reviews)CompareLearn More

QuickBooks Desktop Enterprise

QuickBooks Enterprise is an accounting solution designed for SMBs across different industry verticals such as construction, nonprofit distribution, manufacturing, and retail. With QB Enterprise solution, any business owner can exp…Read more

4.49 (18431 reviews)CompareLearn More

Quickbooks Online

QuickBooks Online enables users to download and reconcile credit card transactions that allows businesses to organize weekly timesheets and track bank deposits. What is Quickbooks Online? Quickbooks Online i…Read more

4.27 (4539 reviews)CompareLearn More

Dynamics 365

Microsoft Dynamics 365 is a cloud-based CRM ecosystem for small, medium and enterprise organizations, with a focus on Sales, Field Service, Customer Service complete with strong integrations with Microsoft’s other Office 365 offer…Read more

4.31 (4155 reviews)CompareLearn More

FreshBooks

FreshBooks takes billing out of your hands and puts it on autopilot. Set up automated invoicing, online payment options (ACH and Credit Card), and late payment reminders to get paid 2x faster. Next, boost team productivity with pr…Read more

4.47 (3533 reviews)

13 recommendationsCompareLearn More

Housecall Pro

Housecall Pro is a cloud-based field service management app for service professionals to automate workflows and streamline technician dispatch. This solution includes a native mobile app and complementary web portal and serves a w…Read more

4.73 (2540 reviews)CompareLearn More

Time Tracker

Time Tracker is an employee time and attendance tracking solution designed to simplify employee tracking and reduce administration using automation functionality. With Time Tracker, businesses are able to examine and track employe…Read more

4.34 (2414 reviews)CompareLearn More

Xero

Xero is an accounting system designed for small and growing businesses. Xero connects small businesses with their trusted advisors and provides business owners with instant visibility of their financial position. As a web-based so…Read more

4.32 (2012 reviews)CompareLearn More

FrontRunners 2021

Square Point of Sale

Square Point of Sale is a mobile POS system available for iOS and Android devices. Key capabilities of the Square POS system include online payment processing, sales reports, inventory tracking, digital receipts, email and SMS mar…Read more

4.66 (1728 reviews)CompareLearn MoreView all products

Popular Billing & Invoicing Software Comparisons

PayPalVSQuickBooks Desktop EnterpriseQuickbooks OnlineVSDynamics 365FreshBooksVSHousecall ProTime TrackerVSXeroSquare Point of SaleVSQuickBooks Desktop ProClioVSWave Accounting

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Your Guide to Top Billing and Invoicing Software, January 2021

Software Advice uses reviews from real software users to highlight the top-rated Billing and Invoicing Software products in North America.Learn how products are chosen

Explore FrontRunners

History:January 2021 (current)October 2020

January 2021 FrontRunners Graph

“Usability” includes user ratings for Functionality and Ease of Use.

“Customer Satisfaction” includes user ratings for Customer Support, Likelihood to Recommend and Value for Money.

Reviews analysis period: The reviews analysis period spans two years and ends on the 15th of the month prior to publication.

Buyers Guide

Last Updated: November 10, 2021

The billing and invoicing software market is highly variable, especially considering the ways different organizations operate their accounting workflow and billing processes. Some organizations use the billable hours model, while others bill by the percentage of project completion. Also, the invoicing and billing process is related to how a company presents its image to clients, so there’s a degree of relationship management involved as well.

But that’s only the beginning of how billing software applications can differ. Other factors that impact a business’s billing and invoicing needs include:

  • Size of the customer base
  • Method of invoice transmission
  • Length of the billing cycle
  • Time frame of processing payment

A wide range of billing and invoicing software tools is available on the market, but it’s not easy to find a billing system that perfectly fits all of these categories. This guide will help you understand the various factors you must consider when shortlisting an invoicing and billing software solution.

Here’s what we’ll cover:

What is billing and invoicing software?

Billing software organizes and automates the billing and invoicing process. It ensures timely collection of payments, tracks multiple invoices, flags any unpaid invoices, and reduces manual data entry errors.

Billing and invoice software is used in various industries including utilities, telecommunications, and professional services firms such as legal and medical billing services.

Due to the range of industries served, most vendors offer customizable systems that can support various business models, pricing structures, and payment types (e.g., ACH payments, recurring payments). Features can also vary significantly based on the organization the software is meant to serve.

For example, it’s common for law firms to bill for the time spent working on a project. A manufacturing company, on the other hand, may charge its clients upon the delivery of goods or tangible items.

If you use time as the main billing measure, look for software that tracks time as your tasks are completed, so you don’t have to guess the total hours your team members have logged against a project. And if you bill clients upon the delivery of products or items, select a software tool that can track the product status as it progresses from the shop floor through shipping.Creating new billable entries in Bill4Time (Source)

Common features of billing and invoicing software

Different vendors offer different features as part of their billing and invoice software. Selecting software with the right features is easier when you know what the common features are and what they do. Here’s a look at some of them:

Time trackingAssign rates based on the project, employee type, or billing cycle. Track billable time, and export timesheets to create client invoices.
Creating invoicesCustomize invoices with your company logo, payment terms and conditions, client information, and more.
Sending invoicesSet up one-time or recurring invoices. Some systems will send you a notification when an invoice has been viewed by the recipient.
Online paymentSend payment reminders, and add a late fee to overdue invoices. Accept online payments via credit cards, automatic bank transfers, or payment gateways (e.g., PayPal, Stripe).
ReportingGenerate financial statements and reports, including expense reports, profit and loss statements, payments collection reports, and accounts aging reports.
Third-party integrationIntegrate your billing software with other software tools such as customer relationship management (CRM) and project management software.

What type of buyer are you?

Before you start evaluating billing and invoicing software options, you’ll want to know which buyer category you belong to. Most buyers belong to one of the below categories.

  • Stand-alone system buyers: Some buyers demand a high level of customization and flexibility in their billing solution. These buyers are often focused more on billing than other business processes and may simply need a stand-alone system. With a stand-alone tool, they can focus on their unique billing needs and handle other business processes differently.
  • Integrated system buyers: Some buyers need a billing and invoicing module that’s part of a larger accounting system. These buyers prefer a holistic software experience in which billing and invoicing modules can automatically log collected payments into the accounts receivable portion of the general ledger. These buyers usually value specific billing functionality over integration with other systems.
  • Buyers with unique billing requirements: These buyers have such unique billing processes that they need software tools designed exclusively for their industries or line of business. In the most extreme cases, they need to build their own systems or outsource the software development process to a third party for custom work.

Benefits of billing and invoicing software

While some benefits of billing and invoicing systems may be clear from our discussion above, we’ve listed the most notable ones in this section.

  • Avoid missed or late payment: By streamlining your billing and invoicing needs with the right software system, you’ll find that it’s much easier to collect payments on time. Keeping your information organized empowers you not to miss or delay a collection, thus staying profitable in the process.
  • Provide a summary of bills and invoices: A billing and invoicing software solution offers a centralized dashboard that shows the real-time status of your bills, invoices, and monthly estimated revenue. Some billing software systems also track when your clients open their invoices, which you can view in real time on the dashboard.
  • Eliminate paperwork: Manual billing and payment processing involves a lot of paperwork. Moving your billing, payment, and invoicing online ensures you don’t have to print anything because all documentation is indexed, archived, and stored electronically. This helps your business cut down on paperwork as well as manual efforts.

Key considerations

Listed below are some factors to consider when purchasing a billing and invoicing system.

  • Mobile app availability: Check if the billing and invoicing software you’re planning to purchase offers mobile apps for iOS and Android devices. A mobile app will let you create and send invoices to your clients, even if you’re offline or have limited access to the internet. Data collected offline will sync automatically once internet connectivity is restored.
  • Customer support: Inquire about the type of support provided by your shortlisted vendors: 24/7, 24/5, or only during business hours. Also, verify if they offer your preferred support channels, such as email, phone, or live chat. Support services will help fix any software issues that can lead to delays in receiving payments from clients.

Market trends to understand

Businesses looking to invest in a billing and invoicing system should keep the following market trends in mind as they evaluate solutions:

  • Software-as-a-Service (SaaS)-based billing systems are gaining popularity. SaaS-based billing systems are gaining widespread prominence among businesses due to benefits such as low upfront costs and easy implementation. Consider using a Sa aS solution if these advantages are important to you.
  • The use of artificial intelligence (AI) is expected to increase in billing and invoicing systems. AI technology is expected to play a critical role in the automation of billing and invoicing processes. AI can help identify billing frauds, reduce errors, and automate the billing settlement process. Due to these benefits, the use of AI-based billing and accounting software will continue to grow in future.

Note: The application selected in this article is an example to show a feature in context and isn’t intended as an endorsement or a recommendation. It has been obtained from sources believed to be reliable at the time of publication.

Conclusion

IntroIntroInvoiceBerryFlowWiserInvoice StarGratifyBizXOnHandInvoicePlaneREPOJusWorkflowMaxWooThe Invoicing ManagerFrom time to time business owners are faced with the challenge of invoicing software reviews. A problem that I’m sure you will never have 🙂 It’s good that you are reading this because there are people out there who need to buy invoicing software reviews. But more about their case later on in this article, let’s talk about your case.

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