17 Best Invoicing Software for Freelancers in 2023

Freelancing or working as a contractor can be a fulfilling career path that offers independence and flexibility. However, managing financial aspects like invoicing can be intimidating and time-consuming.

Fortunately, there are several invoicing software solutions built specifically to address invoicing challenges and make the task hassle-free. These solutions can help you to create professional-looking invoices quickly and send them to your clients with ease.

By investing in invoicing software, you can reduce the time spent on admin work and focus more on doing what you love. As a freelancer, every minute counts, and invoicing software can help you save precious time and resources.

We’ve compiled a list of the 17 best invoicing software options for freelancers and contractors in 2023 to assist you.

What is Invoicing Software?

Invoicing software is a tool that automates creating and delivering customized invoices to customers for goods or services rendered. Invoicing software is intended to help businesses streamline their payment processes, reduce errors, and improve cash flow management.

Primary Benefits of an Invoicing Software

• Leverage cloud storage
• Environmentally friendly
• Faster invoice generation
• Reduced errors and disputes
• Enhances customer relationships
• Improved efficiency and cost savings
• Improves customer relations and service
• Faster payments and improved cash flow
• Improves the company’s professional image
• Improved data security and process reliability

These are the 17 Best Invoicing Software for Freelancers in 2023

1. Paypal

PayPal is a digital payment platform that facilitates online transactions for individuals and businesses. In 2001, the company merged with X.com, founded by Elon Musk, and was renamed PayPal.

With over 300 million active users in over 200 markets, PayPal is currently one of the world’s most popular billing software and widely used online payment systems.

Key Features:

• Easy to Use: PayPal is simple to set up and use. A bank account or credit card, together with an email address, is all you need to get started.
• Security: PayPal protects your transactions with cutting-edge fraud detection and encryption technologies. Additionally, you can be protected from fraud and unauthorized transactions with the help of the PayPal Buyer Protection program.
• Mobile App: You may send and receive money, manage your account, and make purchases from your phone or tablet using PayPal’s mobile app.
• Integration: PayPal is a convenient payment choice for companies of all sizes since it is readily incorporated into websites and e-commerce platforms.

Pros:

• Convenience: Both individuals and businesses can use PayPal as a payment method because it eliminates the need for checks and cash.
• Global Reach: PayPal is a valuable tool for companies doing business globally because it is recognized in over 200 countries and supports multiple currencies.
• Buyer Protection: PayPal’s Buyer Protection program, which gives protection against fraud and unauthorized purchases, can provide customers with additional peace of mind.
• Low Fees: PayPal is a cost-effective choice for companies of all sizes since its transaction fees are often lower than those imposed by standard payment processors.

Pricing:

• There is no setup, monthly, cancellation, or additional fees.

2. Invoicely

Invoicely is a cloud-based invoicing and billing software designed to help small businesses and freelancers manage their finances more effectively.

It provides several features, such as configurable invoice templates, automated payment reminders, time tracking, expenditure management, and reporting tools, to simplify the billing and payment processes.

Key Features:

• Invoicing: With the help of Invoicely, users may effortlessly and rapidly create professional invoices. Users can add their logo, brand colors, and other features to their invoices to reflect their company’s image.
• Expense Tracking: By enabling users to submit receipts and report expenses in real-time, Invoicely helps users keep track of their business spending. Users have the option to create expense reports and categorize their expenditures.
• Time Tracking: Invoicely provides a function that enables users to keep track of the time spent on a project or job. Users that wish to bill clients on an hourly basis can do so.
• Payment Processing: To make it simple for users to accept payments online, Invoicely interfaces with several payment processors, including PayPal and Stripe. Users may also remind customers who haven’t paid yet to make their payments.

Pros

• User-Friendly Interface: The Invoicely interface is simple to use and browse. Users may easily and quickly create, mail, and manage invoices.
• Multiple Payment Options: Invoicely accepts various payment methods, including credit cards, PayPal, and bank transfers. This makes it possible for users to accept payments from customers anywhere in the world.
• Customizable Invoices: Invoicely allows consumers to add their brand’s logo, colors, and other information to their invoices. This can aid companies in projecting a polished image and differentiating themselves from rivals.
• Affordable Pricing: Invoicely provides reasonable pricing levels appropriate for freelancers and small businesses. Users can start with a free plan and later upgrade to a paid plan as their business grows.

Pricing:

• Free Plan available.
• Basic Plan: $7.99 per month (If billed annually)
• Professional Plan: $15.99 per month (If billed annually)
• Enterprise Plan: $23.99 per month (If billed annually)

3. Square

Square, Inc. is a financial service, merchant services aggregator, and mobile payment company headquartered in San Francisco, California. Square’s services include Square Invoices, an invoicing software for freelancers and small businesses.

Square effectively allows businesses to manage invoicing, payments, and inventory. It makes it simple for companies to bill customers and accept payments.

Key Features:

• Customizable Invoices: Square Invoices enables companies to make unlimited invoices with their unique branding and logo. Users can customize their bills by including itemized lists, discounts, and tax rates.
• Multiple Payment Options: With Square Invoices, businesses may collect payments in various forms, including cash, checks, credit cards, and Apple Pay and Google Pay. Companies can save consumer information on the platform for upcoming purchases as well.
• Automatic Reminders: Square Invoices uses automated reminders to ensure payments are made on time and reduce the need for manual follow-up.
• Inventory monitoring: Square Invoices has inventory monitoring features that let companies keep tabs on their stock levels and plan when and what to order.

Pros:

• User-Friendly Interface: Square Invoices offers a user interface that is straightforward and intuitive, making it simple for businesses to handle their invoicing and payment procedures.
• Flexibility: Square Invoices allows businesses to customize the platform to meet their unique needs by offering flexibility in payment choices, invoicing customization, and inventory management.
• Security: Square Invoices protects user data with industry-standard security procedures, ensuring that sensitive data is kept private and secure.
• Cost-Effective: Square Invoices offers an affordable invoicing solution with transparent pricing and no additional costs for companies of all sizes.

Pricing:

• Free Plan available.
• Plus Plan: $20 per month.

4. Dubsado

Dubsado is a cloud-based business management tool for creative entrepreneurs, small businesses, and freelancers. It’s intended to support entrepreneurs and small business owners in streamlining their operations, managing their clientele, and automating processes.

Dubsado is a complete business administration tool with features that include invoicing, billing, and online payments.

Key Features:

• Client Management: Dubsado offers a consolidated platform for handling all customer contacts. Users can maintain a central record of client information, correspondence, contracts, and invoicing.
• Workflow Automation: Users of Dubsado can automate a variety of business workflows, such as lead generation, customer onboarding, project management, and invoicing. Time is saved, and the possibility of mistakes is reduced.
• Customizable Forms and Contracts: Dubsado’s drag-and-drop editor enables users to design unique forms, contracts, and proposals. These can be electronically signed and are simple to distribute to clients.
• Payment Tracking: Users can quickly identify which invoices are paid, delayed, or past due, thanks to Dubsado’s dashboard for tracking payment history. Additionally, it incorporates payment processors like PayPal and Stripe, enabling customers to make payments online.

Pros:

• Time-Saving: Dubsado automates several company operations, including lead generation, invoicing, and payment tracking. By doing so, users may focus on more crucial duties while saving time.
• Flexible: Users can easily modify the forms, contracts, and procedures in Dubsado to suit their business needs.
• Centralized Platform: Users can stay organized and on top of their business with the support of Dubsado’s centralized platform, which manages all client interactions.
• Integrations: Dubsado integrates with numerous third-party programs and services, including QuickBooks, Google Calendar, and Zapier. This makes it simple to integrate with other tools and automate processes.

Pricing:

• Free Trial available.
• Starter: $20 per month (If billed monthly)
• Premier: $40 per month (If billed monthly)

5. Freshbooks

FreshBooks is accounting software that is cloud-based and designed for small businesses, freelancers, and self-employed professionals.

It was founded in 2003 and has since grown to become one of the market’s most popular accounting software solutions. FreshBooks provides several features that assist users in managing their finances, invoices, and expenses.

Key Features:

• Invoicing: FreshBooks makes it simple to create and send clients invoices with a professional touch. Users can add their logo, corporate colors, and payment terms to their invoices. Customers can set up automatic payment reminders to ensure they receive timely payments.
• Expense tracking: User spending monitoring is possible with FreshBooks; each expense can attach a receipt. As a result, it is simple to keep track of business spending and produce expense reports as necessary.
• Time tracking: FreshBooks has an integrated time tracking function that lets users track their billable hours. Users can easily bill clients for their time by adding time entries to specific projects and clients.
• Reporting: FreshBooks provides a variety of reports that users can generate to gain insight into their accounts. These reports include profit and loss, balance sheets, and cash flow statements. Users in Excel or CSV formats can also export data.

Pros:

• Saves time: FreshBooks automates many financial management activities, including time tracking, cost monitoring, and invoicing. Users benefit from time savings and can concentrate on their main work tasks.
• Increases cash flow: By enabling users to set up automatic payment reminders and accept online payments, FreshBooks’ invoicing tools help users get paid more quickly. This enhances cash flow and assists users in preventing cash flow issues.
• Boosts accuracy: FreshBooks’ automated functions assist in lowering errors and guaranteeing the accuracy of financial data. This reduces the possibility of financial reporting inaccuracies and aids users in making more informed business decisions.
• Provides mobility: FreshBooks is cloud-based software, which means users can access it from any location with an internet connection. This gives users greater flexibility and mobility, allowing them to manage their finances on the go.

Pricing:

• Free Trial available.
• Lite: $8.50 per month (If billed monthly)
• Plus: $15 per month (If billed monthly)
• Premium: $27.50 per month (If billed monthly)
• Customized Pricing (Available on request)

6. Quickbooks

QuickBooks is accounting software that was created to assist small businesses in managing their finances and streamlining their accounting processes.

QuickBooks Online is a software program developed by Intuit that allows business owners to track their income and expenses, create invoices, manage bills, and generate reports.

Key Features:

• Invoicing: QuickBooks online allows users to create and send unlimited invoices to clients, simplifying payment for their products and services.
• Expense Tracking: By linking to bank accounts and credit cards and automatically classifying transactions, QuickBooks online makes it simple to track business expenses.
• Financial Reporting: QuickBooks online offers a variety of financial reports, such as Profit and Loss Statements, Balance Sheets, and Cash Flow Statements, that enable customers to comprehend their company performance.
• Payroll Management: By calculating employee salaries, taxes, and deductions, as well as creating paychecks and tax forms, QuickBooks makes payroll management simpler.

Pros:

• Time-Saving: QuickBooks automates numerous accounting tasks, giving business owners more time to concentrate on other crucial facets of their companies.
• Enhanced Accuracy: By automating financial computations and offering real-time insights into business performance, QuickBooks reduces human error and increases accuracy.
• Cost-Effective: QuickBooks is cost-effective and offers a variety of price options to accommodate various business demands.
• Scalable: QuickBooks online is an excellent option for small businesses who want to develop and expand since it can scale with your company.

Pricing:

• Free Trial available.

7. Zoho Invoice

Zoho Invoice is one of the best invoicing software that assists small businesses and freelancers in creating and sending professional invoices to their clients. It is part of Zoho Corporation’s larger suite of business applications based in India.

Zoho Invoice is designed to be user-friendly and accessible, with various features that assist businesses in streamlining their invoicing and payment processes.

Key Features:

• Customizable Invoicing: Using Zoho Invoice, you can quickly create and customize expert-looking invoices to fit your brand and business requirements. You can select a template, add your logo and brand-specific information.
• Automated Payments: With Zoho Invoice, receiving payments quickly and effectively is simple. Automatic payment reminders, online payment acceptance through several payment channels, and even the creation of recurring payments for customers who make regular payments are all options.
• Time Tracking: The built-in time tracking function in Zoho Invoice lets you track the time spent on particular jobs or projects. With the help of this tool, you can quickly charge clients for your time precisely and ensure you are compensated for all the work you complete.
• Reporting and Analytics: Zoho Invoice has thorough reporting and analytics services that provide information about your company’s financial health. You can produce reports on bills, payments, spending, and more and use this information to decide how to run your company.

Pros:

• Affordable price: Small businesses and freelancers can choose from various price levels that Zoho Invoice offers.
• User-Friendly Interface: Even individuals who are not tech-savvy may easily navigate Zoho Invoice’s user-friendly interface.
• Customizable Invoicing: This tool enables companies to design expert-looking invoices representing their brand and image.
• Excellent Customer Service: Zoho Invoice offers first-rate customer service and various tools and resources to assist businesses in making the most of the program.

Pricing:

· Free: Zoho offers a free plan to start.

8. Wave

Wave is a cloud-based invoicing and accounting software for small business owners, entrepreneurs, freelancers, and other professionals who want to manage their finances effectively.

In terms of efficiency, it is one of the best billing software solutions that can be used to create and send invoices, track expenses, collect payments, and run financial reports, among other things.

Key Features:

• Invoicing: Wave enables users to make and send expert invoices using a variety of templates. Users can also set up recurring invoices and automatic payment reminders, which speed up the billing process and enhance cash flow.
• Expense Tracking: Wave makes it simple for users to keep track of business spending. Users may classify expenses and submit receipts, making it easier to keep track of business spending and prepare taxes.
• Payment Processing: Wave provides payment processing services that allow customers to make bank transfers and credit card payments. Additionally, users can set up automatic payments, which enhances cash flow and lessens late payments.
• Financial Reports: Wave gives customers access to various financial reports, such as cash flow statements, profit and loss statements, and balance sheets. These reports give users a clear picture of the financial health of their company and empower them to make wise decisions.

Pros:

• Free to Use: Wave is free, making it a cost-effective choice for startups and small organizations with limited resources.
• User-Friendly Design: Even users unfamiliar with accounting software may easily navigate Wave’s user-friendly design.
• Robust Features: Wave is a complete solution for managing funds due to its robust features, which include invoicing, spending tracking, payment processing, and financial reporting.
• Integration with Third-Party Apps: Wave integrates with a range of third-party apps, including PayPal, Etsy, and Shopify, which makes it easy to manage finances across multiple platforms.

Pricing:

• Free: Wave Invoice is 100% free.

9. Xero

Xero is a cloud-based accounting software that provides financial management tools. One of its key features is its invoicing module, which allows users to create invoices efficiently.

Key Features:

• Customizable invoice templates: Xero offers a variety of pre-built invoice templates that users may select from and modify to meet their brands and business requirements.
• Automated invoice generation: Users of Xero can utilize the software to automatically create recurring invoices, eliminating the need for manual data entry.
• Online payment integration: Xero’s connectivity with several payment platforms makes it simple for consumers to pay bills online.
• Tracking of bills: Xero keeps track of the status of invoices and gives real-time information on whether a bill has been seen, paid, or is overdue.

Pros:

• User-friendly interface: The Xero interface is user-friendly and straightforward, making it accessible to users of all skill levels.
• Automated processes: Xero’s automation tools help customers save time and reduce errors by automating chores like invoice production and payment reminders.
• A variety of payment options: Xero interacts with several payment processors, enabling users to give their clients a choice of payment methods.
• Real-time invoicing data: Xero gives users access to their billing data in real-time, making it simple to monitor cash flow and spot possible concerns before they become serious ones.

Pricing:

• Free Trial available.
• Early: $13 per month.
• Growing: $37 per month.
• Established: $70 per month.

10. Honeybook

Honeybook is business management software designed to assist freelancers, entrepreneurs, and small business owners in automating their workflow, managing projects, and streamline client communication.

One of Honeybook’s most important features is its invoicing software, which allows users to create and send professional invoices to their clients.

Key Features:

• Customizable Invoices: Honeybook’s invoicing software lets users add their branding and logo to their invoices. Additionally, users can select from various invoice layouts, apply taxes and discounts, and specify the terms and deadlines for making payments.
• Automated Reminders: When an invoice is due or past due, Honeybook’s invoicing software automatically notifies clients. This lessens the requirement for human follow-up and ensures on-time payment.
• Payment tracking: Honeybook’s billing software users can monitor payments and check the standing of each invoice. Users get access to a list of invoices that have been paid, are pending payment, and have past due dates.
• Payment Processor Integration: Honeybook’s invoicing software incorporates well-known payment processors like PayPal and Stripe, enabling customers to pay invoices online with a credit card or bank transfer.

Pros:

• Time-Saving: Honeybook’s invoicing software saves time by automating several time-consuming operations, including creating and sending invoices, monitoring payments, and sending reminders.
• Professional-Looking Invoices: Users can produce professional-looking invoices that represent their brand with Honeybook’s customized invoice templates and branding options.
• Better Cash Flow: Honeybook’s invoicing software lets customers receive payments faster by automating reminders and providing online payment choices.
• Seamless Integration: The Honeybook platform’s project management, client contact capabilities, and invoicing software are all flawlessly integrated. This makes it simple to handle all of your projects.

Pricing:

• Free Trial available.

11. Invoicera

Invoicera is a cloud-based invoicing application that assists businesses in streamlining their billing and payment processes.

The software includes various features such as online invoicing, time tracking, expense management, and more, making it a one-stop shop for businesses of all sizes. Since its inception in 2006, Invoicera has served over 3 million users worldwide.

Key Features:

• Online Invoicing: With just a few clicks, businesses can quickly and easily produce and send invoices to customers that appear professional. Credit cards, PayPal, and other payment options are all supported by the software.
• Time Tracking: Businesses may use Invoicera to track the time spent on various jobs and projects, making it more straightforward to bill customers appropriately. Businesses can create reports and invoices based on the time spent on each project using the time tracking tool.
• Expense management: With the help of Invoicera, businesses can keep track of and organize all of their bills, receipts, and invoices. Additionally, the software enables companies to create recurring expenses, making managing continuing costs more straightforward.
• Client Portal: Invoicera provides a client portal that lets companies work with their clients by allowing them to view and pay invoices, monitor the status of their projects, and interact with the company in real-time.

Pros:

• Simple to Use: Invoicera’s user interface is simple to browse, making it simple for businesses to use the program.
• Modifiable: With the program, firms may alter invoices, quotes, and other documents to reflect their branding better.
• Support for Multiple Currencies: Invoicera offers support for several currencies, making it simple for companies to invoice customers in many nations.
• Data Security: To guarantee that user data is safe and secure, Invoicera uses cutting-edge encryption and security mechanisms.

Pricing:

• Free Trial available.
• Starter: $15 per month (If billed annually)
• Business: $39 per month (If billed annually)
• Enterprise: $79 per month (If billed annually)
• Infinite: $119 per month (If billed annually)

12. Harvest

Harvest invoicing software is a cloud-based accounting and time-tracking tool that assists businesses in creating professional invoices, tracking payments, and managing expenses.

Harvest was launched in 2006 and has since grown in popularity among freelancers, small business owners, and teams looking for a simple invoicing and time-tracking solution.

Key Features:

• Time Tracking: Harvest’s time tracking function enables users to keep track of the time spent on particular tasks or projects. This function is especially beneficial for companies that charge customers according to the hours put in.
• Invoicing: Harvest invoicing software enables users to quickly and easily create invoices with a professional appearance. Users have the option to add line items, brand bills with their logos and branding, and submit invoices directly from the platform.
• Expense Tracking: Users can utilize Harvest’s expenditure tracking tool to keep track of expenses incurred for particular clients or projects. Users may classify spending, create expense reports, and take pictures of receipts.
• Project Management: Users can track the status of their projects, assign tasks, and communicate with team members using Harvest’s project management application. Users can share files, define project milestones, and build to-do lists.

Pros:

• User-Friendly Interface: The Harvest invoicing software provides a user-friendly, straightforward layout. Users don’t have to navigate much clutter to reach the required features.
• Customizable Invoicing: Using Harvest’s invoicing tool, users can produce invoices with their branding and logos. This can assist firms in projecting a polished image and differentiating themselves from rivals.
• Flexible Pricing: Harvest offers several pricing tiers to accommodate companies of all sizes. Users can select a free plan or a paid subscription, depending on their requirements and budget.
• Integration with Other Tools: Harvest invoicing software integrates with many other tools, including payment gateways, project management, and accounting software.

Pricing:

• Free Trial available.
• Pro: $10.80 per month (If billed annually)

13. Indy

Indy is a cloud-based invoicing app for freelancers and small businesses. It is an easy-to-use platform that allows businesses to create and manage invoices, track expenses, and track financial performance.

Key Features:

• Customizable: Invoice templates that can be customized: Indy provides a selection of invoice templates that can be customized to meet the demands of various enterprises.
• Automated recurring invoicing: Indy automates the invoicing procedure by allowing companies to set up reoccurring bills. This function speeds up the process and guarantees prompt payment to businesses.
• Expense tracking: Indy provides options for recording expenses so that companies may keep tabs on their spending and assess their financial success.
• Time monitoring: Indy has a time tracking function that lets companies keep track of the time spent on particular projects and appropriately bill customers.

Pros:

• User-friendly interface: Indy offers an intuitive, straightforward user interface perfect for freelancers and small businesses seeking invoicing solutions.
• A Cloud-based platform: Indy is a cloud-based platform that allows companies to view their financial and invoicing information from any location at any time.
• Reasonable cost: Indy offers pricing plans ideal for freelancers and small organizations.
• Great customer service: Indy’s excellent customer service ensures that businesses receive the assistance they require when they require it, including live chat, email support, and a thorough knowledge base.

Pricing:

• Free Trial available.
• Pro: $9 per month (If billed annually)

14. Akaunting

Akaunting is an open-source invoicing software that helps small businesses manage their accounting and invoicing needs in a straightforward and user-friendly manner.

It was created by a team of experienced developers and accountants to make accounting accessible to everyone, regardless of accounting knowledge or expertise.

Akaunting is available as a cloud-based and self-hosted solution, giving businesses with varying needs and preferences flexibility.

Key Features:

• Invoicing: Akaunting gives users a quick and easy way to make and submit invoices that look good. Users can add their company logo, payment terms, and personalized comments to their invoices to make them more unique. To streamline the invoicing process, they can also set up regular bills.
• Expense tracking: By defining categories and assigning expenses to them, Akaunting users can conveniently keep track of their expenditures. Additionally, users can upload receipts and link them to their costs, simplifying the management of receipts for tax purposes.
• Financial reporting: Financial reports produced by Akaunting include cash flow statements, balance sheets, and profit and loss statements. Users can check their financial information in real-time and get knowledge of the financial health of their company.
• Multi-currency support: Akaunting supports many currencies, making it excellent for enterprises that operate on a global scale. Users can generate financial reports, track costs, and create invoices in the currency of their choice.

Pros:

• Open-source: Akaunting is open-source software that allows users to change the code to suit their needs. It is perfect for companies that want specialized accounting and invoicing solutions due to its flexibility.
• Simple to use: Akaunting is an intuitive piece of software that doesn’t require a deep understanding of accounting. Even non-accountants may easily manage their funds because of the software’s clear instructions on using its capabilities.
• Reasonably priced: Akaunting provides a free plan with necessary functionality like invoicing, spending monitoring, and financial reporting. Users have the option to upgrade to the premium plan for a discount on extra features.
• Cloud-based: Akaunting is a cloud-based software, which means users can access their financial data from anywhere with an internet connection.

Pricing:

• Free Trial available.

15. Hiveage

Hiveage is a billing and invoicing software for small businesses and freelancers. It is a web-based service that allows users to create and send professional invoices, estimates, and receipts.

Key Features:

• Easy Invoicing: Hiveage provides simple invoicing features that make it easy for users to customize and create invoices fast. Users can also set up recurring invoices to automate the billing process.
• Payment processing: To make it simple for consumers to pay their invoices online, Hiveage interacts with well-known payment processors like PayPal and Stripe. The software also monitors payment statuses and automatically notifies users of upcoming payments.
• Expense Tracking: Hiveage allows users to keep tabs on their spending and produce reports for tax purposes. Users can classify spending and upload receipts for simple bookkeeping.
• Time Tracking: The time tracking tool in Hiveage enables customers to keep track of their billable hours. Users can apply hourly rates to activities and projects to create correct invoices.

Pros:

• Affordable: Hiveage offers a variety of price levels to suit various corporate objectives and financial constraints. Their monthly minimums for their plans are $15.
• Customizable: Hiveage enables users to add their company branding, logo, and color scheme to their invoices and estimates. This gives the company a polished appearance that improves its reputation.
• User-Friendly Interface: Hiveage offers a user-friendly interface that is simple to use. Users may quickly produce and submit estimates, receipts, and invoices and keep track of their payments and expenditures.
• Mobile App: Users of Hiveage can access their invoices, estimates, and receipts from any location using the company’s mobile app. Both iOS and Android smartphones can download the software.

Pricing:

• Free Trial available.
• Basic: $16 per month (If billed annually)
• Pro: $25 per month (If billed annually)
• Plus: $42 per month (If billed annually)

16. Melio

Melio is one of the best invoicing software for small and medium-sized businesses hosted in the cloud. It provides a simple platform that allows users to send and receive payments via various payment methods, including bank transfers, debit cards, and credit cards.

Key Features:

• Automated Payment Reminders: Melio users can create automated payment reminders that can be sent to their clients through email or text. With the help of this tool, businesses can get payments on time while requiring less manual follow-up.
• Multiple Payment Options: Melio accepts various payment methods, including bank transfers, debit cards, and credit cards.
• Invoice Tracking: Melio allows users to track their invoices and payments in real-time. With the aid of this function, firms may manage their accounts receivable and gain insightful information about their cash flow.
• QuickBooks Integration: Melio works with QuickBooks, a popular accounting program used by many small and medium-sized enterprises. Thanks to this interface, businesses may streamline their billing and payment procedures, lessening the need for human data entry.

Pros:

• User-Friendly Interface: One of Melio’s strengths is its user-friendly interface, which makes it simple for users to get around the system and do their duties.
• Reasonable price: Melio provides price plans that are reasonable and appropriate for small and medium-sized organizations.
• Quick Payments: Most transactions processed by Melio are finished within one working day. Businesses can benefit from this feature by having a better cash flow and spending less time waiting for payments to clear.
• Excellent Customer Service: Melio provides first-rate customer service by email, phone, and live chat.

Pricing:

• Free: The fundamental plan is free.

17. CARET Legal (Formerly Zola Suite)

CARET Legal is a cloud-based legal practice management software with various features to assist law firms in streamlining their operations. One of CARET’s key features is its invoicing software, which enables law firms to generate invoices quickly and easily.

Key Features:

• Automated Time Tracking: CARET’s automated time tracking feature eliminates the need for human timekeeping. This function speeds up billing and improves accuracy. You don’t need to worry about entering your time afterward because the software keeps track of it as you work.
• Customizable: CARET’s invoicing software offers a variety of templates you can modify to produce invoices with a polished appearance consistent with your law firm’s identity. You can incorporate personalized notes, add your logo, change the font and color scheme, and more.
• Trust Accounting: The billing program in CARET has trust accounting, which aids legal firms in managing client cash. You may monitor incoming and outgoing money, check the balances of trust accounts, and create trust documents using trust accounting.
• Online Payment Processing: Clients may pay their invoices online using the online payment processing feature of CARET’s invoicing software. This feature minimizes the time and effort needed for billing and collections while making it more straightforward for customers to pay their invoices.

Pros:

• Time-Saving: CARET’s automated time-tracking function reduces the need for manual timekeeping and saves time, allowing law firms to concentrate on other crucial activities.
• Professional Invoices: With the help of editable invoice templates, law firms may produce invoices with a polished appearance that is true to their branding. This can help establish credibility and confidence with clients.
• Simple Payment Processing: Clients may pay their bills more easily with CARET’s online payment processing tool, which helps increase cash flow and decrease the time and effort required for billing and collections.
• Trust Accounting: CARET’s trust accounting function assists law firms in managing client finances and guarantees adherence to ethical standards. This function can help safeguard your law firm’s standing and prevent future legal problems.

Pricing:

• Free Trial available.
• Enterprise: $79 per month (If billed annually)
• Enterprise Plus: $89 per month (If billed annually)
• Enterprise Advance: $139 per month (If billed annually)

Features to consider when choosing Invoicing Software

Customizable invoice designs

Customizable invoice designs refer to an invoicing software’s ability to allow users to change the visual appearance of their invoices based on their branding needs and preferences.

Facilitates easy payments process

This process is a feature in invoicing software that automates payment reminders and provides multiple payment options for customers, resulting in faster and more convenient payments.

Automated payment reminders

Automated payment reminders are an invoicing software feature that automatically sends notifications to customers, reminding them of unpaid invoices, assisting businesses in improving cash flow, and reducing the burden of manual follow-up.

Supports multiple currencies and languages

This feature of invoicing software allows users to create and send invoices in multiple currencies and languages, making doing business with international clients easier. This feature streamlines the billing process, reduces errors, and boosts customer satisfaction.

Supports recurring transactions

A good invoice software must have the capability to automatically generate and send invoices for recurring payments at predetermined intervals, such as weekly or monthly. This feature can help businesses with recurring billing cycles, save time and improve cash flow management.

Provides strategic analytical reports

This applies to an invoicing software’s capacity to generate in-depth and perceptive data analyses on various business operations elements, including income, expenses, and payment history.

Flawless integrations

It is essential for good invoice software to have the capability to easily integrate with other business tools, such as accounting software or payment gateways. This feature can help to streamline business processes and increase overall efficiency.

Strong data security

Ability to protect sensitive information such as financial data, personal information, and confidential business information from unauthorized access, theft, or loss while ensuring the data’s privacy and integrity.

How to choose the appropriate invoicing software

Price/cost

When selecting the right invoicing software, it is critical to consider the price or cost of the software’s features, functionality, and benefits.

Customer support

Customer support is the assistance and guidance given to customers before, during, and after they purchase or use a service. It is critical to consider the level and quality of customer support to ensure that any issues or questions are promptly resolved.

Mobile application

Consider whether the invoicing software you choose has a mobile application that satisfies your business’s needs and enables you to handle your invoices and payments on the move.

Final Thoughts

Making the proper choice for your invoicing software as a freelancer or contractor is essential for timely payments and effective financial management.