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Top 10 Best Invoicing Apps & Software For Small Business In 2022

Sarah Badani
Best Invoicing Software

Invoice software offers various benefits and advantages to small businesses and freelancers alike. This includes being able to create an invoice online; sending invoices electronically instead of via traditional mail; facilitating more efficient billing; automating some tasks to save time; integrating with third-party services like accounting programs so you can track expenses, analyze revenue trends, and more easily organize business finances; and coming packaged with other features that all lead to a professional, streamlined, and efficient billing system.

So it is no surprise that apps are taking over these responsibilities of managing tasks such as invoicing. If the app can complete these tasks easier and better than we could, there's no point in wasting time and effort when we could use those resources for more important things. For example, invoicing software gives you the ability to send out multiple invoices at once, quickly follow up with clients who owe you money, and create a professional-looking invoice for your clientele.

It'll also allow you to increase accuracy, the flow of money, and efficiency all-around. And after all this time, the best invoicing software ensures that you get paid quicker and more consistently than before.

Compare the Top Invoicing Software
1
QuickBooks
2
NetSuite
3
FreshBooks
4
Neat
5
Stripe
6
Bill.com
ReviewsWrite ReviewWrite ReviewWrite ReviewWrite ReviewWrite ReviewWrite Review
Best for
Small-med biz, all-inclusive accounting
Businesses with complex subscription models
SMBs that want to look pro w/ lots of features
Small Businesses, Solopreneurs
Internet-based businesses
Banks, financial firms, small and medium-sized businesses
Price range
$12.50-$75 per month
Starts from $99 per user per month
From $4.50 per month
$20-$29
0.4-0.5% per invoice
$29.99 USD/month — Custom pricing
Apps
iOS/Android
Android and iOS
iOS/Android
Web, Android, iOS
Mobile apps and Point-of-Sale (POS) solutions
Web, iOS, and Android
Payment integrations
Credit card, debit card, ACH
PayPal, plus third-party integrations including Stripe
Credit cards, ACH
WePay
Quickbooks Online, Quickbooks Pro/Premier, Xero
Free trial
30 days
14-day free trial
30 days
15 days
Free test mode feature before activation
30 days

The Best Invoicing Software - An In-Depth Look

  • 1
    QuickBooks

    QuickBooks

    exceptional
    9.9
    • Best forSmall-med biz, all-inclusive accounting
    • Price range$12.50-$75 per month
    • Free trial30 days

    QuickBooks is possibly the unrivaled star of the accounting world. Put out by Intuit, QuickBooks is a powerful accounting, payroll, and bookkeeping application that includes wonderfully streamlined invoicing within its hefty bundle. And there's a good reason that QuickBooks is still at the top of the charts despite so much competition in the field. For one thing, businesses can accept all types of payments, including credit cards, debit cards, and ACH bank transfer directly from the online invoice. So, you get paid faster.

    QuickBooks is completely customizable, including logos, colors, and more. This way, customers know that it's you at a glance. QuickBooks invoicing software offers convenient features, including recurring invoices to bill your clients regularly, the ability to add billable hours directly to your invoice from Google Calendar, TSheets, or your own QuickBooks time tracking, and an auto-matching feature that pairs the payments with the invoices, so your books are always balanced.

    Pros
    • Instant payment notifications
    • Automatic payment matching
    • Accept online payments
    Cons
    • More expensive than competition
    • Some tasks are not intuitive
  • 2
    NetSuite

    NetSuite

    excellent
    9.1
    • Best forBusinesses with complex subscription models
    • Price rangeStarts from $99 per user per month
    • Free trial14-day free trial

    Oracle NetSuite is an integrated business management suite encompassing dozens of tools in areas such as accounting, HR, customer service, and Ecommerce.  Its invoicing tool, SuiteBilling, helps companies manage billing operations—with a focus on managing complex subscription models. 

    SuiteBilling can be used as a stand-alone product. However, the high license fees and cumbersome setup process means it is best used in conjunction with other NetSuite tools such as payroll, HR, and budgeting and forecasting.

    Pros
    • Supports multiple billing models
    • Enables customer-specific subscriptions
    • Enables automated changes to subscriptions
    Cons
    • Too expensive to use only for invoicing
    • Real-time reporting deemed weak by customers
  • 3
    FreshBooks

    FreshBooks

    very good
    8.9
    • Best forSMBs that want to look pro w/ lots of features
    • Price rangeFrom $4.50 per month
    • Free trial30 days

    FreshBooks is another full-fledged accounting software that allows businesses of every size to easily manage their finances. And it can also help you create invoices online with ease. FreshBooks has a fresh mobile app, so you can handle billing remotely. The invoice app is loaded with plenty of convenient features like expense categorization, due date settings, and late fee setup. FreshBooks has a clean dashboard, and the entire user interface is simple and intuitive, so anyone can manage it.

    FreshBooks comes with other convenient features, one of the best being expense tracking. You can track individual expenses and link them to the invoice of a specific client. So, every aspect of the job gets billed properly and efficiently. FreshBooks also lets businesses collect payments online via credit card payments, PayPal, or Google Checkout. This is a newer feature that many other invoicing software options don’t offer and is incredibly useful for clients and businesses. Bundle that with a nice reporting feature, and FreshBooks is an obvious choice for professional and efficient business invoicing.

    Pros
    • Good team collaboration & user interface
    • Easy online payments
    • Expense tracking
    Cons
    • Bulk invoice creation is confusing
    • Some bugs not worked out
  • 4
    Neat

    Neat

    very good
    8.6
    • Best forSmall Businesses, Solopreneurs
    • Price range$20-$29
    • Free trial15 days

    Neat is a versatile invoicing, accounting, and document management program that enables you to build your own tailored invoices. You can customize invoices with your company logo and keep track of recurring features across invoices, such as terms and conditions, default payment options, and invoice numbering.

    Neat also offers payment processing through WePay, which allows you to process customer payments by credit card or bank transfer. The program is limited to four users per account, so it’s ideal for small businesses and solopreneurs.

    Pros
    • Custom invoicing
    • Integrated payment processing with WePay
    • Automated past-due invoice reminder emails
    Cons
    • Four-user limit
    • Free trial requires credit card information
  • 5
    Stripe

    Stripe

    very good
    8.7
    • Best forInternet-based businesses
    • Price range0.4-0.5% per invoice
    • Free trialFree test mode feature before activation

    Stripe Invoicing is an inexpensive invoicing solution for internet-based businesses of different sizes. It’s one of the key integrated payment suites for Stripe Payments, and enables you to create, customize, and send invoices to customers hassle-free.

    It accepts multiple currencies and offers ACH credit or wire transfer reconciliation to help you receive payments faster. If your open invoice is unpaid, Stripe Invoicing will send reminders to the customer and attempt to find optimal times to finalize the transaction.

    Pros
    • Wide variety of useful invoicing and payment features
    • No monthly, setup, or authorization fees
    • Detailed financial reports and analytics
    Cons
    • Not available in many countries
    • Not many details about the custom pricing option
  • 6
    Bill.com

    Bill.com

    good
    8.3
    • Best forBanks, financial firms, small and medium-sized businesses
    • Price range$29.99 USD/month — Custom pricing
    • Free trial30 days

    Bill.com is a feature-rich accounting app for small to mid-sized businesses and financial firms. It helps businesses clear invoices faster and with little manual intervention. With a host of third-party integrations, it also enables users to easily move data to and from other accounting and invoicing tools. 

    While the sheer number of options can prove overwhelming for simpler invoicing needs, Bill.com is an application that we heartily recommend for advanced accounting and finance management.

    Pros
    • Automates accounts payable and accounts receivable
    • No transaction fees on payment transfers
    • Offers many third-party integrations
    Cons
    • Overly complicated for simple invoicing needs
    • Helpful resources are insufficient in scope

What You Need to Know About Invoicing Software

Why Do I Need Invoicing Online Software?

Invoicing software has changed the way businesses charge and get paid for their services. On a basic level, an invoice app works like this:

  • It creates a list of services or products that you offer.

  • It then creates a list of prices and costs that you charge for those services and syncs the 2.

  • Then, when you render services or products to a client, the system automatically generates an invoice based on the products and price lists.

  • The invoicing software will create invoices online, so you can decide how to send it out.

The fact that it’s all done online means your invoices are accessible online and from anywhere, with any device. That ensures that you have the ability to bill a client anytime you want with the click or tap of a few buttons. It also means you can access your pending invoices whenever you need to at a moment’s notice. Cloud-based systems allow you to create invoices online and customize them to fit your business persona.

Here are a few of the benefits you can get from the best invoice apps out there:

  • Saves time

Creating, populating, and sending invoices for each project and client is a time-consuming task. The best invoice software alleviates this time-zapper by automating the majority of this process. Invoicing software will automatically generate invoices based on your predetermined parameters. You can add expenses, scan receipts, and include other client-specific details (such as taxes or discounts). All of these details take time when done manually. But when you implement an invoice app, the task takes a fraction of the time.

What’s more, even free invoice software will give you automated invoices. So, you can send invoices automatically for recurring projects, send out reminders for late payments, and send bulk invoices for multiple clients with the same details. All of these features are designed to save you a tremendous amount of time, and they do!

  • Reduces errors

Human error has cost companies millions of dollars, which is why so many companies are switching over to digital. Aside from the convenience aspect, even a free invoice app will afford you the peace of mind of knowing that the program will flawlessly input information from your accounting software, time tracking app, and billing department.

  • Saves money

But best of all, online invoice apps can save you money. Obviously, you’ll save a few cents on the postage, envelopes, etc. and even on the work hours it takes for your employees to bill the clients they’ve serviced recently. But that’s not what we’re referring to.

Other significant benefits include:

  • Easy follow-up for unpaid invoices

  • Improved cash flow for business finance health

  • Improved accuracy

  • Easy auditing

What is the Best Software for Invoicing?

At the end of the day, the best invoice software is the one that lets you get the job done quickly and efficiently. What’s “best” for your business might not be “best” for someone else’s. So you really need to figure out what you want out of an invoice app, and then look for a brand with those features. Some important things to look out for include:

  • Templates

This gives you the ability to quickly create an invoice without having to design it from scratch. Also, check that templates are customizable so that you can give it your own personal stamp.

  • Reminders

Reminders help you keep tabs on your clients without personally picking up a phone (or a finger). Automated reminders can be sent out whenever an invoice date gets close or passes. Set automatic reminder parameters to always go out when the dates given have passed.

  • Integrations

The best invoice apps will integrate with various other business management applications for seamless synchronization. This ensures that no errors occur due to information miscommunications, inputting errors, etc. Integrations also make life easier for people handling the invoicing. For example, good invoicing software integrates with your time tracking tools. So, you can charge a client according to the amount of time spent on their project. An invoice app can sync with various applications, particularly accounting, scheduling, and receipt management apps.

  • Recurring invoices

Good invoicing apps also have the ability to create a template or save an invoice for later use. So, if you have a client that regularly purchases the same items or a project that entails the same invoicing frequently, you can quickly pull out this template and send it out. You can also schedule recurring invoices for monthly, annual, or other regularly-scheduled services for automatic send.

Other convenient features you might want to look for include online payment integration (and pay now buttons), the ability to save credit cards on file, generating and converting estimates, time tracking software, expense tracking, and a convenient mobile app for on-the-go invoicing.

What is the Difference Between Invoicing and Billing?

All invoices are bills, but not all bills are invoices. That clarifies everything, right? In case you need more details, a bill is a more generic term for any type of document that outlines payments due to a business or service. Meanwhile, an invoice is a more specific, commercial, and legal document that comes with requirements. An invoice must have a unique invoice number, date of issue, due date, a legal business name and information, and a breakdown of the goods or services rendered.

Invoices are also usually issued for a project or product that is being provided on credit, whereas a bill is generally given at the time of the service or purchase. An invoice is a much more complex and sophisticated document, which is why it’s so important for businesses to get it right. And that’s where invoice software comes in.

What is the Best Free Invoice Software?

Free invoice software is just like paid-for versions but usually contains fewer features. You might be limited in the number of invoices you can send out per month or the number of users that can navigate the app. Of course, the best free invoice apps still have plenty of features and functionality. So, you can get a lot out of these. If you are a very small business (1-5 employees, for example), a free invoice app can give you everything you need without the hefty price tag of more enterprise-level solutions.

Which is the best free invoice app? There are several great options you should test, including Xero and Square. Just check the conditions to make sure that you aren't taken by surprise by any fine print.

Conclusion

Invoicing software is the obvious choice for businesses in 2022. If you’re not sure which one is right for you, test drive the various free trials until you find the one that fits your company best. That way, you can try out the various features, create invoices online free, and get a feel for the platform before you start paying for it. Isn’t it time you started getting paid faster for a job well done? Check out the top 10 invoicing apps for SMBs, and find the best invoice app for streamlining your business payments today.

Sarah Badani
Sarah Badani writes for top10.com and has extensive research and review experience in the finance industry. With a degree in psychology and education, she brings a level of depth and understanding to her writing along with her own flavor to spice up each topic in a unique and inviting way.