5 Best Invoicing Software to Use in 2020

The world has been moving in the direction of being ‘paperless’ for more than 60 years now. When this movement started in the ‘60s, Electric invoicing solutions became the talk of the town. This was the game-changing tool that the businesses needed and within the next three decades, this movement changed the world forever.

Over the decades the demand for these solutions increased which lead to electronic invoicing software being coded and all of the major complexities, mainly speed and performance capabilities of software became better day-by-day.

In this article, we have gathered 5 amazing invoicing software that can take care of any type of business in the market whether it may be big or small.

This is all well and good, but you might be wondering whether one of these might fulfill your needs and requirements. After all, these software are not cheap and a wrong selection can cost you a lot of money for no apparent benefit.

Let us dive right in and let you find out which one of these is best for you.

Best Invoicing Software to Use in 2020

1. FreshBooks

FreshBooks is certainly one of the best invoicing software available on the market right now. With over 5 million businesses in their circle, they are the perfect fit for small businesses that want to make their mark by taking on bigger and more demanding invoicing activities.

The application is incredibly useful for Freelancers that want their businesses a more professional look. Why? Because the whole invoicing process is quite quick and simple when it’s done on FreshBooks.

The software also has a handy mobile version that is useful when you are on the go and want to quickly generate some invoicing operation.

Key Features

• Automatic expense import
• Personalized thank you emails
• Reminders & late fees
• Customizable due dates
• Automatic tax calculations
• Receipt attachments
• Collaboration tools
• Client relationship feed
• Google apps add-ons
• Time tracking by project
• Customized invoices
• Credit card processing
• Request deposits
• Apply discounts to invoices
• Duplicate Invoices
• File sharing
• Profit & Loss
• Contact management
• Due date tracking
• Billable hours

Pricing

• Free
• Lite: $15/month
• Plus: $25/month
• Premium: $50/month

2. NetSuite ERP

NetSuite ERP is an invoicing software that was developed with adaptability and scalability in mind. This software allows businesses to streamline all of the activities as they expand.

The software is a behemoth when it comes to automating different business activities like fixed assets, inventory management, financial management, billing, and many other services.

This automation feature enables you to properly focus on your core business activities more so that you can adapt to new opportunities coming your way while avoiding any possible risks.

The invoicing feature of this software is a valuable part of its framework. This means that all of the subscriptions, transactions, and projects related to the company or business are natively connected to the billing engine which makes the whole financial flow seamless.

Key Features

• Order-to-Cash
• Procure-to-Pay
• Flexible Depreciation Management
• Fixed Asset Roll forward
• Flexible Payment Acceptance
• Fraud Prevention
• Demand Planning Engine
• Supply Chain Intelligence with MRP
• Order Fulfillment
• Inventory Visibility
• Audit Trail Visibility
• Tax Management
• Workflow Management
• Integrated Financial Reporting
• Global Ready
• Flexible Payment Processing
• Gross Requirements Inquiry
• Cost Management
• Inventory Control
• Integrated Process Workflow

Pricing

• You have to contact the vendor for a price quote

3. Tipalti

Tipalti is an incredible cloud-based invoicing software that not only takes care of your invoice automation processes and payment modules, it also does tax compliances for your company as well. The software is a KPMG certified solution that is able to collect US tax forms automatically.

Furthermore, you can automate and streamline the process of tax report generation that allows your team to perform other important business tasks and not just focus on tax reports.

Key Features

• Self-Service Supplier Onboarding & Management
• 1099/1042-S Tax Prep Reporting & Withholdings Calculations
• Invoice Processing, PO Matching, & Approvals
• Payment Methods: ACH, Wire, Prepaid Debit, PayPal, Check
• Early Payments
• W-8/W-9 Tax Form Capture & Validation
• Local/VAT Tax ID Collection & Validation
• Global Remittance – 190 Countries, 120 Currencies
• Proactive Payment Status Communications
• Payment Reconciliation & AP Reporting

Pricing

• You’ll have to contact the vendor for a price quote

4. Zoho Books

Zoho Books is also an important contender in this list that is able to cater to small and mid-sized businesses. It enables all of your clients or customers to pay for everything they buy without ever turning away from your website.

This feature is a very attractive quality that draws in more users because statistically, the majority of the people that turn away from your website without buying anything, do so, due to complex checkout processes.

The software creates the most refined and polished invoices as compared to the other software on this list, and that too with just a single click. There are also invoice templates available in the software that further increases the speed of the whole process.

Key Features

• API
• Billing & Invoicing
• Expense Tracking
• Invoice Management
• Multi-Currency
• Reporting & Statistics
• Accounting Management
• Electronic Payments
• Financial Analysis
• Invoice Processing
• Real-Time Data
• Workflow Management

Pricing

• Free
• Basic: $9/ organization/ month
• Standard: $19/ organization/ month
• Professional: $29/ organization/ month

5. FreeAgent

FreeAgent is another accounting and invoicing solution for small businesses and Freelancers wanting to give their companies a more professional look. The software’s payroll generation feature gives you the ability to keep all of your invoices in check.

You can also track all of your expenses through a feature that enables you to take a picture of the receipt and upload it to the software’s database.

The software has an amazing invoicing process that automates your bill management. It also supports multiple currencies for all of your international payment processes.

Key Features

• Send estimates and proposals
• Automatic bank feeds
• Expense tracking & management
• Tax timeline
• Time tracking
• Project management
• Multi-currency invoicing
• Overview dashboard
• Balance sheet
• Recurring invoices
• Beautiful Invoice templates
• Simple payroll
• Fill & file self-assessments straight to HMRC
• Corporation tax forecasting
• Submit VAT return in one click
• Accountant access
• Payment links on invoices
• Profit and Loss statements
• Referral scheme
• Estimates & invoices

Pricing

• Free
• Subscription: Starting from $20/ month

Conclusion:

Having mentioned the above invoicing tools and programs, we are sure that they are not conclusive. Perhaps you are using an entirely different platform for your invoicing needs. If that’s the case, we would love to hear all about it through the comments section below.