Discover the Ultimate Billing System Example for Businesses

Billing system example for businesses

Getting paid for your services or products is critical to keeping your business on track. And to get paid, you have to invoice your clients — a task made simple using invoicing software. In this Maverick Minute, we’re going to list 7 of the best options on the market today. Stay tuned! Invoicing software is key to getting paid for your hard work. Good invoicing software should be feature-rich, easy to use, mobile-friendly, and affordable. There are plenty of options out there, so let’s narrow it down to our top 7 choices. First up is FreshBooks. Best for small businesses seeking an all-in-one invoicing and bookkeeping solution, FreshBooks has three pricing tiers available. The Lite plan is best for freelancers or microbusinesses with 5 or fewer customers who just want invoicing and don’t need accounting. With FreshBooks, you can send unlimited invoices and estimates to your customers. Customer service is excellent, and FreshBooks has received mostly positive reviews from its users. The catch businesses with multiple users won’t find what they need here, as each plan only supports one user. Next up is Square Invoices, which is best for product-based businesses that want an easy way to send invoices on the go. When you sign up for a Square account, you automatically have access to Square Invoices as well as other tools for your small business. One of the best things about Square Invoices is that it’s completely free to send invoices to your customers. Square Invoices is best for small- and medium-sized product-based businesses. Because of a lack of project management features and advanced invoicing capabilities, it’s not a good fit for service-based or project-based businesses. Now let’s take a look at Invoice2go. If you’re someone that prefers using your smartphone to conduct business, Invoice2go can help simplify sending invoices and getting paid by your customers. Invoice2go features strong Android and iPhone apps that make it easy to create customized professional invoices on the go. You can send invoices in a variety of ways, including SMS and mobile apps. On the downside, though, Invoice2go — as the name implies — focuses primarily on invoicing. If you need more advanced bookkeeping and accounting features, another option will better suit your needs. Zoho Invoice is perhaps the best overall invoicing software for small businesses needing strong features, great invoicing automations and international invoicing. They also offer a free version for business owners on a budget. In addition to boasting such features as customizable templates and support for multiple languages, Zoho Invoice goes beyond merely invoicing. Through this program, you can create estimates, track time and expenses, manage contacts, and create and manage projects. However, if you need an extensive inventory tracking system, you’ll need to look elsewhere. Then there’s Invoice Ninja, which makes this list as the best free invoicing option for small businesses on a budget. The Forever Free plan is truly free--it allows one user to send invoices to up to 100 customers… ...the real price is that your invoices will have Invoice Ninja branding on them. If you have more than 100 customers, you can sign up for one of the paid plans, which offer more features and users. It also removes Invoice Ninja branding from your invoices. Another top pick is Bill.com which is best for businesses that want a simple, no-fuss solution for managing bills and invoices. With this software, you can take control of your accounts payable by reviewing and approving bills from any device, sending domestic and international payments to vendors and suppliers, and storing invoices, checks, and receipts. This software is best for medium- to large-sized businesses but small businesses may also benefit if they have a large number of payments and/or invoices. However, keep in mind that if you only want invoicing software and have your accounts payable under control, there are more affordable invoicing software options out there. Last but not least, we have Harvest. Though its invoicing features are limited when compared to its competitors’, Harvest’s time tracking features, basic invoicing, and project management tools are ideal for service-based and project-based businesses. Harvest offers a free plan that allows one user to manage up to 2 projects and gives access to other great features. Just be aware that Harvest isn’t a good fit for product-based businesses or any business that needs advanced invoicing features. Choosing the right invoicing software can be a hassle, but start with the options in this video and compare pricing, features and other factors. We have all the in-depth info for each top pick available at our website, merchantmaverick.com, and you’ll find links in the description. 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