Invoicing customers, tracking payments and getting paid on time can be complicated, frustrating and a real stress on your time. As a small business owner, you need to save every minute you can but getting paid is paramount, so an invoicing tool that saves you time and helps you keep track of money-owed at a glance is critical.
From full-fledged accounting tools, through to straight-forward and simple-to-use invoicing products, we've waded through dozens of online invoicing tools and found nine standouts that will make it easy for you to invoice your customers and keep track of your money.
Accounting Tools with Invoice Features
1. Xero
First up, much-loved online accounting and invoicing tool, Xero is focused on small business and proclaims itself to be "Beautiful Accounting Software." Considering how rare it is for a small business owner to be well-versed in finance when they get started, a clean and beautiful interface certainly can help lower the apprehension.Xero has a massive library of over 400 integrated tools. It offers excellent reporting, even within it's mobile apps, and lets users reconcile their data with their bank account.
Price: $20-$40/month
2. Quickbooks
Quickbooks is possibly the biggest name in the cloud-accounting space. Offering many of the same features as Freshbooks, Quickbooks makes it simple for small business owners to invoice customers, keep track of their receivables and expenses. The wide-range of reporting options, means that you can keep track of your finances and share your data with your accountant while speaking their language.Their 3rd party app integration is robust, with a massive number of integrated tools.
Price: 30 day free trial, Small business plans run from $10-$30/month when billed annually
3. Freshbooks
Freshbooks is a very popular, complete cloud-accounting product, boasting over 5 million users worldwide. In addition to providing a simple way to send professional-looking invoices to your customers, Freshbooks also helps you track your time and manage your expenses. Through detailed reporting functions, Freshbooks helps you keep on top of your entire financial picture.Freshbooks also features a 'store' full of 3rd party products that integrate with the tool, meaning less work for you.
Price: Free 30 day trial, Packages at $19.95 - $39.95/month
4. Wave
Wave stands out among it's cohorts in one significant way, it's free to use. This online accounting and invoicing tool is simple to use, clean and much-loved by it's customers.For customers that want some additional horsepower, Wave offers help dealing with payroll and an easy way to accept credit card payments.Price: Free! It only costs money if you use extended products to manage payroll, accept credit cards or want "expert help"
Invoicing Tools with Terrific Time-Tracking Features
5. Harvest
Harvest is the first of our time-tracking/invoicing tools that help service businesses get paid for every minute they work. In addition to tracking time, users can keep track of expenses and make sure that they also get billed to their customers.Both reporting, such as 'all uninvoiced hours' and solid customer service make this tool popular among the creative industry.
Price: Free (1 user and 4 clients and 2 projects) from $12 to $99/month based on number of users
6. Due
Another popular tool for simple time-tracking and invoicing, Due focuses on ease-of -use, while simplifying the process for invoicing in multiple countries and tax systems.Although straight-forward and beautiful, Due also offers detailed and extensive reporting.
Price: Free for limited use, Paid ranges from $10-$100/month. Discount if you pay for the year
7. Ronin
Ronin is a tool that helps users from estimate through to payment. Tied with time-tracking, this online invoicing tool helps you work with your team to keep track of your hours and bill accordingly.From free-lancers through to businesses with larger teams, Ronin takes the pain away from dealing with your customers.
Price: Free limited account, Price Ranges from $15-$49/month
Tool Update: Time Doctor
Time Doctor is a powerful web-interface that syncs with a small desktop program to monitor and manage time on various projects. Functional for freelancers, Time Doctor scales to mid-size team project management - complete with a variety of useful reports, payroll management, and integrations with popular collaborative tools like Basecamp.Time Doctor's detailed logs of on and off-task activity help employees manage tasks and make it easy for project lads and management to guide employees to appropriate time usage.
Price: Free 30 day trial, Price ranges from $5/month for a solo user to $9.99/month for corporate users.
Straight-Forward & Simple Invoicing
8. bill.com
Bill.com is all about making the payment process much easier. More than just a tool to send out invoices, bill.com eases the payables-pain by taking the task of writing paper checks off your plate. View and authorize the invoice online and bill.com either sends the e-payment or mails the check for you.If money is owed to you, they will accept payments via e-payments, credit card or paypal. Simple and easy payment management.
Price: $19-$49/month plus transaction fees for general plans
9. Invoicera
Invoicera is an online invoicing tool for small business. This great product simplifies billing for recurring subscriptions, has multiple currency support and helps you keep track of your inventory.Invoicera also integrates with many of your favourite tools.
Price: Limited free plan, Paid plans range from $19.95-$99.95/monthDid I miss any of your favourites? Do you have an app you're proud of and want to share with the world? Please leave a comment or email us at hello@dryrun.com.
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