Billing and Invoice Software

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BQE Core

11 Reviews

BQE Core is a cloud-based business management solution providing integrated project management, business accounting and billing and business intelligence to help businesses with better decision-makin.. Read more

Tipalti

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Deltek Vision

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Deltek Vision is a web-based ERP software for project and service-based professional service firms with applications including resource/inventory management, project accounting, business development,.. Read more

Chargify

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Chargify is a renowned SaaS-based Recurring Billing and Subscription Management solution. The software not only caters for everyday basic billing tasks but also takes care of elastic billing providin.. Read more

Sage Intacct

5 Reviews

Sage Intacct is a best-in-class cloud accounting and ERP software and is the preferred cloud financial management applications for the AICPA. The software provides real-time financial and operational.. Read more

QuickBooks

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QuickBooks Enterprise is an accounting solutions suite that offers end-to-end accounting services for growing businesses and non-profit organizations. The software is designed to integrate tasks like .. Read more

NetSuite

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NetSuite is a web-based enterprise-level business management solution that offers Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) services. The software has a horizontal .. Read more

FreshBooks

5 Reviews

FreshBooks is a cloud-based accounting suite designed for small to mid-sized businesses. The software is most popular for streamlining client invoicing and time tracking processes. Built with small an.. Read more

Certify

5 Reviews

Certify is a web-based expense management and invoicing software catering to companies of all sizes and industries. The solution offers expense automation, electronic receipt capture and streamlined w.. Read more

Aplos

3 Reviews

Aplos is a cloud-based accounting software solution designed for churches and non-profit organizations. It comes in two options: a stand-alone system or the accounting solution within an integrated .. Read more

Xledger

1 Reviews

Xledger is an Enterprise Resource Planning (ERP) solution for mid-sized and large businesses. It was designed for the cloud so that it can easily be accessed from anywhere and at any time. This ERP .. Read more

Xero

0 Reviews

Xero is a web-based accounting solution offering robust and complex accounting tools to small and medium-sized businesses in all industry verticals. Xero provides them with a direct gateway to connec.. Read more

Workday

0 Reviews

Workday is a cloud-based SaaS (Software as a Service) solution designed to provide Enterprise Resource Planning (ERP) tools to businesses of all sizes across various industry verticals. The software .. Read more

Wave

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Wave is a free web-based accounting platform geared towards small and growing businesses, consultants, entrepreneurs, and freelancers. The solution offers a range of integrated applications that com.. Read more

Accounting Software Reviews, Features, Pricing & Compare

Buyers Guide

Billing and Invoice Software

Billing and invoicing software is used mostly to perform accounting and financial tasks. This type of system arrays from simple single-entry programs that contain check writing and bookkeeping features to advanced double-entry apps that offer sophisticated features. Billing and invoicing software offers many benefits to users and you can use it to automate your routine tasks, eliminate manual data entry, and make sure your accounting figures are precise and accurate. Therefore, it has become essential for expanding businesses to invest in a quality billing and invoicing software system.

Every year, more and more companies are flowing to electronic invoicing for many reasons due to their advantages over manual, paper-based billing. Specifically, processing time and the related costs to it are streamlined compared to conventional paper invoices.

The cost and time savings accessible by invoicing software do not only come from postage and printing costs as well as reduced deadlines, but also from applying unified processes for all tasks pertinent to invoicing. A recent survey identified the various efficiency gains and cost savings to digital invoicing, which also include enhancements from working capital management and productivity to better relationships with clients and suppliers.


Certify

Features of Billing and Invoicing Software

The following features are the most common in the best billing software solutions:

Time tracking

Assign rates according to the project, employee, flat-fee or hourly. Track billable time, import into invoices.

Creating Invoices

Users can customize invoices by using company logos, payment terms, and client information.

Sending Invoices

Users can set up one time or frequent invoices. Some systems will allow users to generate an alarm when an invoice has been viewed.

Online Payment Software

The system can be used to payment reminders, overdue fee alerts. The invoicing suite should be enabled to save time and enable billing by processing credit cards on dot, and allow recurring billing and secure customer management.

Reporting

Make financial statements like expenses report, profit and loss, and payment collection record, accounting aging, etc.

Integrating with other systems

It should integrate with other external systems such as customer relationship management solution or project management application.

Benefits of Billing and Invoicing Software

The best invoicing software should be able to offer you the following benefits:

● Minimize late payments

The right software solution can help to streamline your billing and invoicing process and enable you to get payments on time. You can keep your data organized and not miss any collection, which will boost your profitability.

● Minimize missed payments

You can keep better track of your billing commitments to ensure you do not miss any payments. The advantages can be amazing in the long run.

You can keep better track of your billing commitments to ensure you do not miss any payments. The advantages can be amazing in the long run.

A good billing and invoicing solution can help you to portray a professional company image. Most systems offer support for customized logos and other design improvements to payment documents and invoices. You can use the software to put forward an organized and Prompt approach that can enhance your reputation with your clients.

Types of Billing and Invoicing Software

There are various types of billing and invoicing tools, including free and basic suites but also ultra costly and accurate programs. Features can also be categorization criteria, as certain programs do nothing but to create online customer records, while others are more robust and they allow companies to use predefined communication templates, set up currencies, and even do some custom branding. Deployment is also an important factor based on which there are:

● On-premise billing & invoicing systems

These are covered with a single license and are hosted on the client’s local server. They qualify as the most expensive ones, due to the fact that they require complex setup and occasionally some hardware installation.

● Software-as-a-service billing & invoicing systems.

These are usually paid per month and are hosted on the vendor’s server. The business owner is not responsible for installation, updating, and maintenance.

● Cloud-hosted billing & invoicing systems

Most of these offer free basic plans and qualify as the most affordable ones due to their universal access and the fact that the client doesn’t need to update them or to pay for maintenance.

Targeted Businesses

Billing and invoicing software buyers fall into the following main categories:

● Stand-alone buyers

Some purchasers need a high level of flexibility and customization in their billing software. These buyers focus more on billing and require a stand-alone system for their unique billing needs.

● Buyers of Integrated systems

Other purchasers want the billing and invoicing feature to be part of a bigger accounting system. These purchasers want a holistic software, where the billing and invoicing module automatically logs collected payments as accounts receivable in the general ledger. These purchasers place a high value on specific billing features. Suites other than accounting software can also offer to bill and invoicing features. For example, childcare management solutions include a billing feature particular to daycare units, salon software has these features together with point-of-sale (POS), and medical software vendors provide medical billing functionality for inpatient/outpatient care providers as well as outsourced services for healthcare units.

● Unique buyers

An example of these purchasers is utilities companies that need a list of exclusive tools for the specific billing processes of their industry. These companies usually create their own software or outsource the billing as custom work to a third party.