The best software for invoicing allows you to create invoices, track expenses, and create reports. It can also be used to keep track of time and mileage and make estimates. Certain invoicing systems provide additional features, for example, payment processing solutions and inventory management tools. These features are useful in the event that your business requires to send automatic reminders or collect deposits.

If you run a small business with limited invoice requirements, you might be better off with a simple free option like Wave or Invoice Simple. They offer a simple user interface, and they focus on invoicing rather than other business processes. Invoicely is a good example. It offers additional features, including client tracking and a dashboard that includes an invoice breakdown. However, it is important to remember that the free version is limited to users to a maximum of five monthly invoices.

If you have a broad variety of accounting and invoice needs, options such as FreshBooks and QuickBooks are able to provide the greatest advantages. These apps usually feature more complex user interfaces and also accounting tools, such as budgeting and project planning. These apps are more expensive than most invoicing software, but they’re often worth it for small businesses or freelancers that want to gain greater insight into their financial performance.

Certain options include expense tracking in addition to standard billing functions. This will help you track and classify your business expenses, which can be used to calculate tax liabilities. Some billing platforms integrate this with their billing and project management tools, which can save you the hassle of switching between two systems.

best invoicing software