Small businesses and start-up enterprises often face the challenging task of handling invoice processing. But fortunately for them, technology has paved the way for different invoicing solutions that can improve efficiency, reduce overhead cost, speed up payment, and improve cashflow.
Arguably the best invoice solution in the market today is Freshbooks, as it is loaded with useful features aside from being reasonably priced. Its customer service is also excellent, which is important for small businesses that aren’t used to utilizing invoice solutions yet.
Freshbooks is very simple to use. You can create and send professional looking invoices in an instant and accept online payments through PayPal, Stripe, Authorize.net and 11 other services.
There’s also a host of extra features that you can benefit from, like the time/expense tracking that can accurately bill clients. You can manage subscription services through features such as auto-billing and recurring invoices. Plus, you can send invoices automatically through snail mail, in case you aren’t fond of using the e-mail for that purpose.
Freshbooks is very affordable as well with a monthly fee of $20 for one user and 25 clients, and $40 for six users and unlimited number of clients.
Freshbooks has been particularly helpful for Greater Toronto Painters, as it has reduced the company’s accounting overhead. It has also made the staff of the firm more organized in sending out invoices.
You can also try Zoho invoice, especially if you are the type of business owner who likes customized invoices. You can select from a number of professional-looking invoice templates, or edit these templates by chancing the font, layout, and text. Zoho Invoice also has the same features as that of Freshbooks like time tracking, recurring invoices, and expense tracking at a cheaper rate. An unlimited number of users can use Zoho Invoice for just $40 a month.
There’s also mHelp Desk which is more appropriate for businesses that operate offsite, like repair services, event planners, and caterers. Not only can you create invoices with this program but also manage the schedules of your staff, and locate them on a map as they travel between jobs. Given the extra features of this program, it is more expensive than Freshbooks at a monthly fee of $70.
You can also try PayPal, Square, and Wave. The latter comes for free, which should make it more appealing if budget is your main worry.