A good invoicing software can help automate the process of sending and creating invoices and receiving payments from vendors a company is dealing with. Investing in an end to end invoicing software can enable a company to send several invoices simultaneously and keep a track of receivables easily. It helps in managing the invoices and past purchase and selling history as well and saves time and delivers error-free results efficiently.
All client or vendor records can be stored at a single place and can be viewed and accessed anytime by key members of the finance department. Any business can benefit greatly by investing in robust invoicing software.
Let us have a look at a few good invoicing software tools that help fulfil all the fundamental business requirements.
Read More: GlobalFintechSeries Interview with Schuyler Weiss, CEO at Alpian
-
FreshBooks
Freshbooks helps in creating invoices in a couple of simple steps. It enables customizing your invoices by changing the fonts, adding your logo, and personalizing your emails. Automation features make it a one of a kind invoice generator software. Some key features include previewing invoices before sending, automatic calculation of taxes; invoices can be generated through a mobile app, and businesses can receive instant updates.
-
Zoho Invoice
It enables you to communicate in the customer’s language, schedule invoices, automate the entire workflow, get reports for gaining insights into the business health, schedule recurring invoices, and customize the invoice templates. It is known for its carefully designed and effective automation capabilities.
-
Xero
The e-invoicing feature of Xero enables you to easily create online invoices and send them to the right business owners. The data on the invoices is protected, and it does not allow any unauthorized changes to the data. It makes bulk invoice sending and replicating the last invoice options possible for more convenient and faster usage.
Read More: Trading During the Pandemic
-
Intuit QuickBooks
This tool enables you to send unlimited invoices daily. It helps you send GST-compliant invoices. It also allows users to create their own invoice templates from scratch. You convert the estimated costs into invoices easily and then send them to the clients through personalized emails.
-
Wave
A blend of invoicing, receipt processing, and accounting, it is an easy-to-use, automated Invoice software with a simple dashboard to monitor everything from a single screen.  It is possible to send automatic invoices, monitor revenue & expenses with a wave. It is one of the most affordable invoicing integrations.
-
Brightpearl
This tool provides different channels to facilitate the smooth management of invoices, customer data, accounts, orders, and reports. It is centered on a robust straight-forward concept to monitor incoming and outgoing transactions easily.
-
SleekBill
This tool offers capabilities to different kinds of businesses. It allows you to produce a fast and comprehensive report. You can accomplish backup/restore data, print/email invoices, and calculate GST as well easily. It is a free to download software and can give business and finance leaders good benefits.
Read More: Future-proofing Your Business Strategies: Lessons from Covid-19
-
Invoicely
It is a free online invoice software. This invoice software is good for small businesses. It has features like recurring invoices, automatic payment reminders, tax calculations, fully customizable statements, logos, icons, and expense tracking.
-
AndCo
This tool helps creates automatic invoices on the basis of the projects and details entered by a user and lets one implement easy and secure payment methods. It reminds you if a client does not pay you by the due date. It allows the attachment of additional files if required while sending an invoice to a client. It can be integrated with mobile phones and laptops. A user can get notifications on phones, laptops as well as on Slack.
-
Invoice2Go
This is a highly professional invoicing software. It is available both as a web app as well as a mobile application. It allows the creation of professional invoice templates, expense tracking, time tracking, and payment reminders. It gives you a free trial to help get a glimpse of the other services provided.
Read More: A Few Influential Finance Leaders Who’ve Helped Revolutionize Fintech
-
Tally
This is a known invoicing solution. It is a protected product with enhanced capabilities that facilitate alignment and workplace coordination to maximize outcomes. It needs minimal maintenance and also offers key features such as forecasts, estimates, budgeting, tax administration, and financial accounting.
-
Sage Intacct
It provides built-in customizable templates and reports. The dashboard of this invoice software is very user friendly. It has automated reminders for the due payments, provides real-time access to customer history, balances, and other reports. The efficient design aims at shortening the payment cycle and lets you manage effective customer communications through automated functionalities. It is well known for creating good in-depth reports.
With more and more invoicing tools being developed, processes are becoming increasingly efficient and automated when it comes to B2B invoicing. Most small, medium and large companies use them and recommend others to switch to this software due to their incomparable benefits as compared to manual work.
The above was a compilation of 12 good invoice software that caters to all the needs of a B2B. Every software performs the automation of invoice generation, but each one has its own unique features that make it stand out.
One cannot recommend a single software to a business; the ideal one needs to be decided based on specific requirements. However, they all address the major challenges faced while generating invoices in a typical B2B organization.
