Advertising
Advertising

Top 25 Online Invoicing Tools for Businesses on a Budget

Top 25 Online Invoicing Tools for Businesses on a Budget

Every service-based business has to send out bills and invoices to get paid. It’s one of those tasks that every business owner dreads spending their time on. It can eat into time you would rather spend on making money or finding new clients to increase revenues. However, invoicing must be done to maintain cash flow to pay your own bills and to pay any employees. You can pay freelancers, as well on reinvest in marketing efforts.

The process can be made more efficient by using certain tools. Paperwork and labor can be reduced. There is a wide range of invoice tools and invoicing platforms that can be used. They are either free or low cost. They can provide your freelance or small business with an affordable solution for billing.

This list of 25 invoice tools and platforms includes some of the most widely recognized invoicing, billing, and payments companies. It includes solutions that offer a wide range of tools that tackle other tasks within your small business:

1. Due

Due has evolved from an online invoicing platform to a payments solution company. The company offers a wide range of payment-related services. It also includes time tracking, project management and integration with Basecamp. It offers custom estimates and invoices. It also offers domestic and international credit card processing. Great features include free invoice templates, over 100 currency and language options. It also offers document attachment, email, and website embedded invoices. There is an option to pay directly. It offers integration with PayPal as well as several other companies. Additionally, due has a free digital wallet feature and ACH payments. Unlimited professional invoices can be sent each month. Take advantage of a low flat-rate transaction fee of 2.75% for credit card processing. It includes international payments.

2. ReliaBills

This is a completely free cloud-based solution for small business owners. It includes the ability to have unlimited customers, invoices, and emails. The service includes customizable invoices, options for subscription, recurring, and project billing. There is an upgrade called ReliBills Plus. It provides extra features like credit card and ACH processing. A customizable customer portal and tools like automated past due reminders.

3. MoneyPenny

Founded in 2013, MoneyPenny is a low-cost online invoicing company. It charges $15 per month per user. It has been touted as an excellent solution for freelancers or work-from-home small business owners. It offers an automated work timer, customizable online invoices, online and mobile payments. It also offers payment processing, many currency options, and settings.  It has automated reminders and recurring invoices.

Advertising

4. BillQuick

At $14.95, BillQuick is a low-cost option. It comes with a free trial. You can try out the integrated time and expense, project management, billing and invoicing. you can also try accounting and payment processing features. It was designed and built by CPAs and engineers to address the specific needs of professional services firms. The powerful features and tools included are automated work time and multi-currency tools. It also has the customer database and notifications. It has hourly billing, recurring and retainer billing. It also offers online customizable invoices, online payments, and payment processing.

5. Bill4Time

Starting at $15 per month, this online and billing system offers customizable invoices that you can send via email, as a PDF, or online. If you still prefer to print your invoices, you have that option as well. It offers the web and mobile platforms for greater convenience. Features include service ticket billing and online customizable invoicing. It also has many currency tools, notifications, and payment processing.  The customer features like a portal and database are also present.

6. Zoho Invoicing

Zoho is a comprehensive platform for invoicing and payments. Options include branded and customizable invoices, a time tracker, and shareable data. It is integrated with payment gateways. There are PayPal, Stripe, Authorize.net, and 2Checkout.  They offer a range of payment processing options.

7. AccountSight

It starts at just $10 per month per user. AccountSight provides a way to invoice unlimited clients and projects. The scalable, cloud-based software includes time tracking and resource planning. It also has expense tracking, estimates and invoicing, reports, and a dashboard. Other features include notifications, many currency tools, subscription and recurring invoicing and payment processing.

8. Paymo

Paymo provides some comprehensive project management features. It offers free online invoicing system. Features include time tracking, desktop, and mobile access. Also offers customizable invoices, an estimate, and invoice template library, and recurring invoices. Payment methods include payment gateways like PayPal and Authorize.net.

9. Online Invoices

The free plan allows for 15 clients, 15 invoices, 7 subscriptions, and 30 estimates per month. It also includes two invoice layouts while other plans increase the number of each. Features include estimates, recurring invoices, time tracking, expense, and income tracking. Other features are many tax settings, document attachments, security features and invoice templates. Many payment portals can be integrated, such as eWay, Paymate, Authorize.net or PayPal.

Advertising

10. InvoiceOcean

InvoiceOcean has tools for invoices, buy orders, receipts, disbursements, and receipts. It also has tools for reports on cash flow and fiscal health. Many currencies and languages are available to better service international clients. Its primary payment system is PayPal, providing a way to accept bank and card payments.

11. Invoicera

Freelancers love Invoicera because of the number of free features it offers. It includes tools like online estimates and invoices, time tracking and invoice templates. it also has tools for subscription billing and many currencies. The dashboard offers an overview of revenue, expenses, and finances. it also gives the overview of projects, staff, tasks and clients, and outstanding invoices. it gives all the overviews in one location. Payments can be accepted through Authorize.net and PayPal.

12. Hiveage

Hiveage is a free online estimate, invoice, and payments platform. It offers a standard account for free as well as other fee-based accounts for larger businesses. Hiveage features include unlimited invoices and customers, many currencies, and PayPal Standard integration. A low-cost premium account includes other tools for mileage, expense, and time tracking. It also has tools for subscription and automated billing and financial reports. Besides PayPal, other processing systems can be integrated within the premium account. Other systems include Stripe and 2Checkout.

13. FusionInvoice

Although it’s not free, there is a low one-time fee of $60 that makes it worth consideration. That’s it. No costs will pop up later. Hosting it on your own server, this invoice tool comes customized with estimates and invoices. Also has many currencies, the ability to import data from anywhere. There are recurring invoices and a dashboard as well. It provides real-time updates on your billing and payments process. To accept and process payments, Fusion Invoice integrates with PayPal, Stripe, and Mollie.

14. Invoice Machine

Invoice Machine offers a free account for one user with up to three estimates and three invoices per month. Other accounts are low cost and increase the number of users. It also increases estimates, and invoices allowed each month. The invoice company has many features. It has customizable estimates and invoices, many languages and currencies. It also has recurring invoices and automated notifications and acknowledgments. Options include email invoices or PDF invoices. It integrates with Basecamp for project management. It also integrates PayPal and Authorize.net for payment processing.

15. Simple Invoices

Simple Invoices is a basic, open source invoicing system. It allows you to use and even contribute to improving this tool without charging you. Features include an invoice template library and export capability to Word or Excel. PayPal integration lets you receive payments to your PayPal account. Also allows you to receive a bank account, or credit or debit card.

Advertising

16. FreshBooks

FreshBooks comes with a 30-day free trial and then has a low-cost plan. It is perfect for small business owners and freelancers. Its features include customized quotes, estimates, and invoices. It also has the ability to print, download a PDF, or email invoices to clients. Other features are time tracking, expense management, and receipt inclusion on an invoice. Payment processing capability includes PayPal, Stripe, or Authorize.net.

17. Harvest

Harvest offers a 30-day free trial as well as offers a free account for one user and up to four clients. Other low-cost account options upgrade you to unlimited invoices and clients. The features include basic time tracking, many currencies and online invoicing. Also offers mobile functionality, reporting, and data import and export. It integrates with a diverse amount of third-party apps. It brings your business tasks altogether in one platform. Payment processing for invoices includes Stripe integration.

18. Ronin

Ronin is a scalable invoice solution built for every company type and size. Their free plan includes one user, two clients, and SSL security while other tiers offer up to 30 clients. Payment processing integration with PayPal or Authorize.net is available. itcomes with their $29 per month plan. The free invoicing plan includes a dashboard, estimate and invoice capability. It also includes client and project management, and user profiles.

19. Invoice Journal

Invoice Journal has a free account that includes one user, unlimited customers, and 30 invoices per month. Other plans increase user access and the number of invoices per month. All plans come with customized estimates and invoices. The invoice templates, many currencies, and languages are also included. There is invoice and payment tracking, reminders and acknowledgments as well. It includes reports, data export to Excel, and contact import from Gmail. You can integrate PayPal and Amazon payment gateways.

20. Box Billing

Box Billing is a free tool. For just $5 per month, most of these features can be upgraded to unlimited status. Other tools include automated invoicing, invoice tracking, customization, and many languages. Payment integration includes PayPal, Payza, AlertPay, PaySera, 2Checkout, and WebMoney.

21. Apptivo

The free plan offers you access to 50 of Apptivo’s standard apps. It offers functions like billing, supply chain, CRM, project management and more. The invoice tool offers customization, automation, and notification features. Payment integration is available in the $10 per month plan and offers PayPal, Zipmark, or Authorize.net. By upgrading to this fee-based plan, you will also get all Apptivo’s mobile apps. You will also get unlimited customization, Google apps integration, and email integration.

Advertising

22. Wave Accounting

Wave Accounting is a large suite of programs and tools designed to cover all the financial tasks in your business. You can build the solution that fits your business and budget. Among the available tools is online and mobile invoicing and payments, which is offered for free. Payment processing involves a small transaction fee. Features include customizable invoices, payment, and overdue invoice tracking. It also has invoice templates and custom messaging to personalize your invoice communications.

23. Quickbooks Online

Quickbooks Online is an affordable solution that averages $12.95 per month. It is the cheapest plan although there are regular promotional discounts and discount options for paying in advance. Its online invoice solution offers customizable estimates and invoices. It also offers the ability to synch your bank account. Other features include a variety of payment processing integration options and mobile capability.

24. MakeSometime

This is a free online invoicing system and business management platform. It allows you to create customized quotes, estimates, and invoices. You are alerted when the invoice has been viewed and paid. You will be able to accept online payments through the web and mobile channels. Features also include an automated time tracker, multiple currencies, notifications, recurring and subscription billing. It also has customer features like a database and portal.

25. BillBooks

This online invoice company offers a free plan. It includes three invoices and free estimates as well as unlimited staff and client. While a $10 per month plan offers all that, but increases invoices to 20 per month. Available in 120 countries, it is a favorite among freelancers and small business owners. Features include many currencies, notifications and complete customization on invoices. It offers other things like recurring billing and online payment processing, and mobile payments.

Take Control of Your Cash Flow

While there are many more invoicing products and platforms available. These 25 options stand out for their value with free or low-cost plans. They are packed with practical features for your small business. By using one or more of these payment choices, you will be able to focus on your core business. You can rely on an efficient, professional, and fast invoicing and payment solution.

Featured photo credit: imore.com via cdn.imore.com

More by this author

6 Reasons Why French Press Makes the Best Coffee 9 Things To Remember If You Love Someone Who Doesn’t Easily Show Affection 12 Ways To Earn More Money While You Have A Full-Time Job 7 Steps to Reduce Your Laptop’s Fan Noise & Increase Speed 7 Ideas To Decorate Your Home Using LED Strip Lights

Trending in Self-Employed

1 8 Life-Changing Skills You Can Learn in Less Than 6 Months 2 Surprising, Reputable Ways To Make Money At Home Online 3 How To Make Money With CPA: Content Locking 4 Writing a Great Value Statement Can Bring In Tons of Money for Your Business 5 35 Tools and Resources to Absolutely Hack Your Freelancing Success

Read Next

Advertising
Advertising

Last Updated on October 18, 2018

10 Key Characteristics of a Highly Successful Entrepreneur

10 Key Characteristics of a Highly Successful Entrepreneur

When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

1. Successful Entrepreneurs Practice Discipline

Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

Advertising

2. Successful Entrepreneurs Keep Calm

Things go wrong when you run your own business.

Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

3. Successful Entrepreneurs Pay Attention to Details

Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

Advertising

After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

4. Successful Entrepreneurs Embrace Risks

No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

5. Successful Entrepreneurs are Balanced

You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

Advertising

As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

6. Successful Entrepreneurs are Passionate and Motivated

In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

  • Commit to making short and long-term goals. Check in with them often to stay on task.
  • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
  • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

7. Successful Entrepreneurs Adapt

Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

Advertising

8. Successful Entrepreneurs are Marketing and Sales Experts

No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

9. Successful Entrepreneurs Have Strong Money Management

Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

10. Successful Entrepreneurs Ask Questions and Continually Improve

Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

If you are always improving, then how can you ultimately fail?

The Bottom Line

Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

Featured photo credit: Unsplash via unsplash.com

Reference

Read Next