Top 5 Invoice Softwares

For businesses it goes without saying that keeping your finances in order is imperative, Aside from it being the only way your clients or customers will pay you, it is also necessary for your annual tax checkup. Having well-presented and easy to understand invoices will make you look more professional, so making sure you are using the right invoicing tool is important.

We have reviewed the top invoice softwares that will allow you to process payments with ease and create reports to track sales.

Xero

Xero is a web application (a piece of software that runs in your browser) that lets you manage your business accounts in the cloud. Based on a ‘software as a service’ (SaaS) model, users pay a monthly fee to use it. It is chiefly aimed at small to medium-sized businesses.

Xero allows you to perform a variety of key accounting tasks online – these include running a payroll, generating financial reports, reconciling items and managing expenses. You can both import data manually to Xero and connect a bank account to it to view and manage financial transactions in real time. We’ll go through its key features in more depth later in this review – but first, a quick look at pricing.

this software is well loved by its many users. It boasts impressive contact management and inventory features as well as robust payroll capabilities and many automatization time-savers. And to top it all off, Xero supports unlimited users and incredibly advanced user permissions. Largely thanks to these features, Xero is quickly closing the gap in the race against QuickBooks. However, the software is not quite up to speed in a few areas.

To maximize user growth and beat out QuickBooks, Xero needs to step up the pace. One good place to start would be updating payroll coverage to support all 50 states. Xero’s limited invoicing selections, lack of job costing features, relatively weak mobile apps, and semi-steep learning curve are other areas that could stand a bit of improvement.

That said, minor flaws aside, this software is an overall fantastic option and a healthy alternative to Quickbooks; it is more than worth checking out. Continue reading this review and watch the video below to see how Xero might be able to serve your small business.

FreshBooks 

FreshBooks is an award-winning finance & accounting software and one of the best cloud solutions for small business owners. It is the current holder of FinancesOnline’s Best Accounting Software Award for 2016 as well as the Supreme Software Award for 2016, and has the highest customer satisfaction rates of all similar apps in this category. As you will find out in this review, there is a long list of reasons why our experts considered FreshBooks for these prestigious acknowledgements.

This software has Good import options. No accounting jargon. Terrific user interface and navigational tools. Flexible invoice- and expense-management. Exceptional time-tracking tools. Plentiful reports.

FreshBooks is the site to beat when it comes to managing and tracking invoices, time, and expenses for the very small business that doesn’t need full-blown double-entry accounting.

Zoho Books

Zoho Books is a simple online accounting software that covers all the basics: create and send invoices, track expenses, sync bank accounts, create reports and do accounting on the go using a mobile device. But it also offers a full set of accounting tools that grows with your business. Although other accounting software providers can claim the same, what makes Zoho Books stand out is the low price for its capabilities.

With Zoho Books, you can send professional invoices to customers and begin receiving online payments from them all from a single platform. It’s fast, powerful, and convenient, and helps regain control over the company’s finances and save more in future. For the purpose, you can rely on features such as cash flow statements, P&L, Balance sheets, and many more. As it is small-biz and midmarket-friendly, Zoho Books is relatively painless to afford.

QuickBooks Online

QuickBooks Online offers true double-entry accounting with ample reports and a strong chart of accounts, as well as customizable invoices, inventory capabilities, payroll support, multiple currencies, and over 400 integrations.

QuickBooks Online is Effective, attractive user interface and navigational system. Flexible contact records and transaction forms. Best, most customizable report templates. Comprehensive payroll support.

QuickBooks Online offers the most comprehensive set of features for small business accounting. It’s easy to use, aesthetically pleasing, and has numerous integrated add-ons to extend its reach.

GoDaddy Bookkeeping

GoDaddy Bookkeeping is the online accounting software provided by hosting and domain expert GoDaddy. As the company is expanding its suite of products and services to cater to various needs of small businesses, GoDaddy acquired Outright and integrated the accounting solution in its offerings. It is a relatively easy program to operate and does not require you to have previous accounting knowledge.

GoDaddy Bookkeeping is a bit easier to use and more convenient than an accounting program like QuickBooks Self-Employed. Which is why I prefer to use GoDaddy’s software over QBSE.

GoDaddy Bookkeeping is more simplified, because it syncs with your bank account, PayPal or Amazon account, and the transactions are automatically pulled in to your account.