Free Invoicing Software for Small Business
Building your business can be hard work and we all no success is no accident. You need to consider early on is how you will not only invoice clients, but how you’ll maintain those records for bookkeeping and tax purposes. You’ll also need to make sure you understand the lingo.
An invoice is nothing more than a document identifying the goods or services with the price, you deliver to your client after you’ve performed the service or given the good. This lets them know that they need to pay you, and this invoice is seen two ways; as the seller this is your sales invoice and to the purchaser this is the product invoice. It is not a receipt, nor a receipt of payment. An invoice can be delivered physically or electronically and there are many software options for you to choose from.
Not to worry though, we’ve compiled a list below of our favorite invoicing software for small businesses.
- Wave: At the top of the list is Wave. It’s a favorite of the small business and freelance world because of its ease of use, and the fact that the software is free. Wave makes its money off the processing fees. Wave allows you to set up recurring billing (great for those monthly fees!), payment reminders and to customize the invoice. You’ve got accounting, credit card and bank processing all in one place. Plus, when your business grows you can also use Wave to pay your future employees!
- Freshbooks: Merges project management software and accounting software into one. Freshbooks offers a 30-day free trial before you’re asked to pick one of 3 pay models, all of which are reasonably priced. Regardless of the plan you choose, you’ll be able to customize your invoices, send estimates, accept credit cards and be able to track time and import expenses directly into the software. Because of the project management side of things you’ll be able to program project budgets to keep the team on track, have dashboards (which can be customized) and gain insight into your business because of the reports. You can also add team members as needed, for a per user/per month fee.
- Zoho: Another web-based service, Zoho works well if you have clients internationally as there are multiple languages and currencies available for invoicing. Use as just your accounting software, or as a CRM, App Creator, Email client and help desk. A significantly scaled down free version exists from their 2 paid options’ but even the free version is great. Zoho really bills itself as the all-in-one for every small businesses needs. Take a 15-day trial run and find out for yourself.
These are by no means all of the software options available out there for small business use. We didn’t cover using a local bookkeeper and instead we chose to highlight the DIY route to cut expenses.
Is there a software you think we should have highlighted? Leave us a comment with what software and why you like it!