Invoicing software is a tool to create professional invoices quickly and easily. It’s a must-have for serious businesses, freelancers, contractors and self-employed professionals.
When you sell goods and services, and the client doesn’t pay you upon delivery, you have to send an invoice to ask for payment. The invoice documents that the sale happened, and is a form of payment request.
An invoice software is the best way to invoice your clients.
The benefits of invoicing software
There are many benefits to using invoicing software versus creating pen and paper invoices or using invoice templates.
Here are just some of them:
- It’s much quicker to create an invoice that includes the necessary information. Most of the invoice is auto-populated—for example with your contact information, your logo, and your payment instructions—and clients and products are saved so that you can easily add them to invoices in the future.
- All your invoices look professional and consistent. For example, if you upload a logo it’ll automatically be added to all your invoices.
- All your invoices are stored safely in one place, in accordance with accounting rules. You don’t have to scan the invoices that you create on pen and paper in order to upload them to the cloud.
- It’s much easier to follow up on outstanding invoices. You’ll be notified when an invoice is overdue, both in the invoicing software, and via email
- You can send invoices on the go using a mobile app, whether you’re hurrying to another client meeting, or picking up the kids from their after-school activities.
See also: 5 invoicing tips for beginners
What does invoicing software cost?
There are many types of invoicing softwares on the market, some options are even free.
You should consider what kind of functionality you need: Are you most concerned with ease-of-use, or do you want something a bit more complex that can generate detailed reports? Do you have a big budget, or would you rather use free invoicing software?
We’ve compared the 5 best invoicing softwares to help you choose.