Top 54 Billing & Invoicing Software (Jun 2024)

Billing & Invoicing Buyer's Guide

Overview

Billing and Invoicing software is a type of application that helps businesses streamline their billing processes and manage invoicing tasks efficiently. This software automates the creation and delivery of invoices, tracks payments, and generates financial reports to help businesses maintain healthy cash flow.

Why Businesses Need It

Businesses need Billing and Invoicing software to save time and resources by automating repetitive billing tasks, reduce errors in invoicing, improve cash flow management, and enhance customer satisfaction by providing accurate and timely invoices.

Main Features

Some of the main features of Billing and Invoicing software include invoice creation and customization, automated billing schedules, payment tracking, reporting and analytics, integration with accounting software, and multi-currency support for international transactions.

Main Business Processes the Software Apps Can Help With

Billing and Invoicing software can help businesses with processes such as creating professional invoices, sending invoices to customers via email or traditional mail, tracking invoice payments, managing billing cycles, generating financial reports, and integrating billing data with accounting systems.

Steps on How to Buy This Software

When buying Billing and Invoicing software, businesses should first assess their billing needs and processes, set a budget, research different software options, request demos from vendors, check for compatibility with existing systems, consider scalability for future growth, negotiate pricing and terms, and finally, make an informed decision based on the best fit for their business.

Things to Consider

When considering buying Billing and Invoicing software, businesses should consider factors such as ease of use, scalability, customization options, integration capabilities, security features, customer support, pricing plans, and user reviews for insights into the softwares performance and reliability.

Most Popular Vendors and Market Share

Some of the most popular Billing and Invoicing software vendors include FreshBooks, QuickBooks Online, Xero, Zoho Invoice, and Wave. QuickBooks Online holds a significant market share in this category, followed by FreshBooks and Xero.

Trends and Next Steps

The Billing and Invoicing software category is witnessing trends such as increased adoption of cloud-based solutions, mobile invoicing apps, AI-powered automation for billing processes, blockchain for secure transactions, and more emphasis on data analytics for financial insights. The next steps for this category may involve further integration with AI and machine learning for predictive invoicing and enhanced security measures for financial data protection.

10 Questions to Ask Software Vendors During a Demo

1. How customizable are the invoice templates in your software? 2. Can your software automate recurring billing processes? 3. Does your software integrate with popular accounting software? 4. How secure is the payment processing feature in your software? 5. What kind of reporting and analytics tools does your software offer? 6. Is your software compliant with tax regulations in different regions? 7. Can your software handle multi-currency transactions? 8. How does your software ensure data backup and recovery? 9. What level of customer support is included with the software? 10. What are the pricing plans and any hidden costs to consider?

Head to head Billing & Invoicing software leaders comparisons:

List of Billing & Invoicing Software:

Billing and Invoicing Software Price Range

Companies generally have to pay between $0 to more than $35 for a base billing and invoicing subscription. In addition to that, the vendor may charge more for support, installation, and extra features. The majority of billing and invoicing products charge based on the number of users.

Some vendors, however, offer free entry subscriptions and tiered upgrades when necessary. Bitrix24, in addition to its free tier, costs between around $16 to $44 per month for its special plan. It also offers a price range of $63 - $128 per month for its Business plan. Freshbooks starts at around $8 per month and offers a free trial version as well.

• Web-based Billing and Invoicing services have price ranges of within $0 and $30 a month. For instance, Elorus starts at $7 per month, Quickbooks at $5 per month, and SuiteDash at $19 a month – SuiteDash also has a free trial version.
• Billing and Invoicing products for small and medium organizations costs between $5 and $30. An example is Everhour, which goes for $5 per month, Invoicely for $10 a month, and Sage Business Cloud Accounting costs $14 per month.
• Users on the Mac operating system can expect to pay up to $110 for compatible B&I products. For example, Express Invoice has a one-off charge of $60 for each user, Dolibarr has a Basic price of €9 a month for each user, and a Premium price of €42 per month. RepairShopr goes for $49 per month and EasyBilling for a one-time $105.
• B&I services based on Android platform typically costs between $10 and $60 a month, Invoice Ninja, for instance, offers $10 a month for its Pro version and a price range of $14 to $44 per month for its Enterprise version. PaySimple starts at $50 per month and Invoice2go at $5 a month.
• Windows OS users have to pay within the price range of $14-$60 a month for Billing and Invoicing services. An example is Salesboom CRM, whose base subscription goes for $14 a month, Jerasoft Billing Platform for $1 per month, and Imagine time for $25 work month.