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Billing and Invoicing Software

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AvidXchange logo

The Power of Change

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AvidXchange automates billing and invoicing for mid-market businesses. AvidPay bill payment software and AvidInvoice invoice management software streamline your entire billing and invoicing process while matching your current approval workflows.

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Tipalti logo

Finance automation that cuts 80% of your manual finance work

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Tipalti is the only solution to automate your invoice processing alongside end-to-end accounts payable, global payments, and procurement. Integrates with NetSuite, Xero, Sage and more.

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Paystand logo

Digital Payments for Your Businesses

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PayStand is a B2B payment platform which allows businesses to accept payments through their websites, mobile apps, invoices and billing systems, with support for debit and credit cards, eCheck, and ACH payments. The system also provides real-time analytics and reporting of all transactions.

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NetSuite logo

The World’s Leading, Most Deployed Cloud ERP Solution

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Optimize receivables and accelerate cash flow by automating billing and invoicing processes with NetSuite’s cloud accounting software. Transactions are posted to the GL automatically, which saves time, helps avoid error-prone manual data entry and ensures AR data is always up to date.

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Jobber logo

Quoting, scheduling, & invoicing for home service businesses

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Join over 200,000 home service pros using Jobber. We make it easy to schedule appointments, quote, invoice, and get paid faster. Organize your field service business and impress your clients - get started today.

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Accounting Seed logo

Connect finance across your entire business.

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Accounting Seed is the #1 accounting app built natively on Salesforce. Its flexible and customizable, enabling 60,000+ users to manage their accounting their way. As a full accounting solution, Accounting Seed tracks financial data through the entire business lifecycle.

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Zoho Books logo

Online accounting software for growing businesses

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Ensure you get paid on time using Zoho Books invoicing features to send customized invoices and estimates, track payments, send automatic reminders, and more.

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BigTime logo

We move your business forward.

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As an official Intuit-Integrated Application, BigTime was designed to sync seamlessly with all QuickBooks versions. BigTime unifies budgeting, project planning/execution, team communication, task management, resource management, invoicing and project financials.

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Salesforce Revenue Cloud logo

Next generation Configure Price Quote (CPQ) apps

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Salesforce CPQ is a configure price quote solution fully native to the Salesforce platform that delivers automated sales quoting with out-of-the-box capabilities like Guided Selling and Pricing & Discount Schedules, to save time while turning around accurate branded proposals

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Zoho Billing logo

End-to-end billing solution built for every business model.

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Zoho Billing enables you to set up products and pricing plans, automates recurring billing and invoicing, and helps you manage customer subscriptions.

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ChargeOver logo

Subscription Billing for SMBs

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ChargeOver automates billing, invoicing, collecting payments, dunning, & more for recurring billing based businesses. Also supports one-time charges.

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Odoo  logo

Full Suite of Integrated Business Apps

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Easily manage recurring billing, subscribers, sales, and more with Odoo’s automated tools. Quickly provide clear contracts and flawless, automated invoices; take care of taxes without stress; and handle payments - all done automatically according to your settings.

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Versapay logo

Unlock accounts receivable efficiency

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Versapay simplifies the invoice-to-cash process by automating invoicing, facilitating B2B payments, and streamlining cash application with AI.

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Scoro logo

Successful projects from quote to cash.

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Scoro is work management software built specifically for service businesses who are tired of disjointed systems, unpredictable workloads, and shrinking margins.

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Zoho Invoice logo

100% free online invoicing tool for freelancers and SMBs.

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Zoho Invoice is an online invoicing software that helps you craft beautiful invoices, automate payment reminders and receive payments faster.

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Sage Network logo

Lockstep is AR automation that works as hard as you do.

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Lockstep automates the billing & invoicing process by automatically tracking aging invoices and sending personalized emails, text and calls that guide customers to a payment portal. Our solution accelerates cash flow, lowers costs, focuses staff on high priority task, and makes customers happier.

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Quadient Accounts Receivable by YayPay logo

Smart AR for Smart B2B Finance Teams

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Quadient Accounts Receivable by YayPay is a cloud-based AR management & automation solution which offers real-time analytics, automated workflows, CRM functionality, and more for B2B businesses.

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SubscriptionFlow logo

Subscription management software to manage plans & billing

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SubscriptionFlow is an automated and highly customizable subscription billing and payments management system that offers intelligent pricing and in-built CRM to help users manage it all in one place.

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Helcim logo

Billing, Invoicing and Payment Processing with Helcim

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Helcim Invoicing allows you to create and send beautiful invoices that are customized for your business. Better payments are built-in to the software and the Pay Now button makes it easy for customers to pay online.

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TimeSolv logo

Practice your passion. Ours is billing and timekeeping.

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Solution for lawyers & other professional firms
• Proven time and billing solution
• Narrative replacement codes for quickly entering frequently used descriptions
• Multiple timers to concurrently manage time on multiple matters
• Conflicts management to easily search for related parties

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Order.co logo

From chaos to clarity, in order.

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Order simplifies buying for businesses. Eliminate manual purchasing & payment tasks to create one place to purchase, approve, and pay for the products your business needs.

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Firm360 logo

Free Up Time to Grow Your Accounting Practice

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Get More Work Done With Firm360.

Streamline your practice with our all-in-one platform has everything you need to run your firm.

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ZarMoney logo

Cloud-based accounting solution for businesses of all sizes

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ZarMoney is a cloud-based accounting solution designed to assist businesses of all sizes with the management of inventory and finances. Key features include team collaboration, quote generation, invoicing, transaction tracking, remote access, and approval workflows.

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eBizCharge logo

Web-Based Payment Processing Solution for Merchants

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EBizCharge Billing and Invoicing Software allows your customers to process payments online securely and remotely from anywhere.

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vcita logo

vcita: Build a business you’re proud of.

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Create and email branded invoices and track your business income with a centralized dashboard. Let clients pay for your services online, accept any credit card.

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Buyers Guide

Billing and Invoicing Software

What is billing and invoicing software?

Billing and invoicing software helps businesses automate and manage their billing and invoicing functions. It automates the process of creating invoices, including details such as product or service descriptions, prices, taxes, and due dates, and sending them to customers.

The software tracks paid, outstanding, and overdue invoices to help ensure the timely collection of payments. It also tracks the receipts against paid invoices and offers payment processing options such as credit cards and online banking. Some solutions also provide reporting functionality to track business finances.

What are some common features of billing and invoicing software?

  • Invoice creation: Create customizable invoices that include product and service descriptions, prices, due dates, and payment terms, among other details.

  • Invoice history: View previous invoices for each client or account.

  • Online invoicing: Create and send electronic invoices to clients.

  • Contact database: Maintain a centralized contact database with details such as customer information, billing history, and payment preferences. 

  • Payment processing: Process customer or vendor payments through multiple payment methods, such as credit cards, bank transfers, and third-party app payments. 

  • Time and expense tracking: Record the billable hours logged by your team members on different projects to create client invoices.

What are the benefits of billing and invoicing software?

  • Saves time on billing and invoice creation: Billing and invoicing software automates the process of creating and sending invoices to clients or vendors. This functionality saves time for your accounting team so they can focus on other crucial tasks such as client communication.

  • Increases invoice accuracy: Billing and invoicing software reduces human error by automating calculations. It eliminates errors such as a wrong billed amount or an incorrect calculation, helping your business improve billing accuracy and avoid costly mistakes.

  • Improves invoice documentation: Billing and invoicing software stores all your customer invoices and payment receipts in a centralized location, making it easier for your accounting team to manage documentation and stay organized.

  • Enhances customer experience: Billing and invoicing software allows you to design professional-looking invoices and offers a built-in payment portal that makes it easier for customers to pay their bills online. These features help increase customer satisfaction and boost user experience.

What are the potential issues with billing and invoicing software?

  • Payment processing glitches and payment failures: Server downtime in cloud-based billing and invoicing solutions can cause problems with processing payments. This could lead to payment failures for customers and vendors, making them dissatisfied with your business.

  • Server downtime and slow-loading dashboards: Some cloud-based billing invoicing software tools may face server downtime that could cause their dashboards to load slower or not show past invoices.

How much does billing and invoicing software cost?

Most billing and invoicing software products on the market are priced on a “per month” basis, and their entry-level pricing plans range from $8 to $107* per month. An enterprise product that’s priced higher may include additional features such as CRM automation, advanced reports, and custom logos.

*The pricing included is for the entry-level/lowest-priced offerings found on vendor websites as of March 16, 2023

Key considerations when choosing billing and invoicing software

  • Check whether a centralized invoice dashboard is available. A centralized dashboard shows a summary of your business’s billing and invoice activity, including the number of invoices processed, total outstanding amount, total overdue amount, and number of defaulting accounts. It makes complex—and constantly changing—accounting metrics easy to understand for your team and displays up-to-date information so you can track the real-time progress of your billing and invoicing function.

  • Look for payment reminder functionality. This feature automatically sends reminders to your customers about approaching due dates or overdue payments. You can customize the frequency, time, and communication channel for the payment reminders. You can also add a payment link to your reminder messages to make it easier for customers to clear their dues.

  • Assess the reporting feature. Depending on your industry and country of business operations, you’ll need to generate invoice reports to submit to tax authorities. Billing and invoice software that automatically pulls up these reports will help your business ensure compliance as well as save hours of manual effort. 


Sources

Products evaluated for the pricing calculation were taken from GetApp’s billing and invoicing software Category Leaders report. The pricing ranges exclude freemium versions of the products. The features highlighted were identified based on their relevance and the percentage of products in GetApp’s directory that offer them.