If you bill by the hour, by service or by project, then billing and invoicing software is crucial for your business. Cloud-based billing and invoicing apps provide the ability to generate personalized invoices through customizable and pre-defined templates, as well as track and accept payments, send out statements, and record billable man hours. Good billing software will also send reminders of due payments, notifications of when you have had a payment accepted, and set up recurring billing for repeat customers. By automating the billing process, you can prevent late or missed payments, improve customer relations, as well as become more efficient and effective as a business.
Choosing the right billing & invoicing app for your business is not an easy process, but here are some common features you should look for, as well as some more niche functionality that could be useful for your business.
Your billing and invoicing software shouldn't function in isolation, but if you want it to work with your other systems, you'll need a fully-documented API that integrates with other common solutions, along with plenty of support from the software vendor.View all apps with API
If you are running a global business and have clients in a variety of countries, you will need software that provides the ability to invoice and receive payments in multiple currencies.View all apps with Multi-Currency
Create and customize purchase orders than send them as a bill, all from within the same system.View all apps with Purchase Orders
Tracking Keep track of time spent and expenses acrrued on a project from within your billing and invoicing software, allows you to invoice for services more easily.View all apps with Time & Expense
Recurring billing allows you to automatically bill customers that have subscribed to a product or service you offer on a regular basis.View all apps with Recurring Billing
Being able to integrate your billing and invoicing software with your accounting solution (such as Quickbooks) allows for a better flow of information and more streamlined processes.View all apps with QuickBooks Integration
Keeping track of the status of a project means that you can more easily access key metrics that allows you to send bills and invoices quicker and in a more accurate way.View all apps with Project Tracking
By integrating your billing and invoicing software with your email app, you can keep client information in one place, and more quickly and accurately send invoices to your clients.View all apps with Email Integration
When your complete a sale, convert the sales order into an invoice with the click of a button from within your billing and invoicing software.View all apps with Sales Orders
GetApp's Category Leader ranking is for business owners and decision makers looking for a comprehensive list of the leading cloud-based software products in the industry.
The ranking serves as a point of reference highlighting key factors that small businesses should look at when assessing a piece of software. These factors include user perception (reviews), compatibility (integrations and mobile compatibility), market presence (media presence), and security features (security).
An app's score is calculated using five unique data points, each scored out of 20, giving a total score out of 100. The ranking and scoring methodology ensure complete impartiality and independence from any relationships that GetApp has with app vendors.
Review scores are calculated using reviews collected from GetApp and its sister sites, Software Advice and Capterra. Scores are calculated based on the total number, average rating, and recency of reviews.
The number of reviews and average user rating are scaled against the category average. A weighting is then applied to reward recency of user reviews: reviews written in the last 6 months score up to 10 points, those written between 6 and 12 months ago score up to 6 points, and those more than 12 months old score up to 4 points. These numbers are added together to give a total maximum score of 20.
Integration scores factor in a number of variables. Up to 16 points are awarded based on the number of integrations an app has; the first 10 points are awarded based on the number of integrations relative to the category average, while 4 points are awarded based on the number of integrations relative to the leaders in the category. An additional 5 points is awarded for an integration with Zapier, a widely used software integration platform, while an extra point is given for having an open API. The total possible score for integrations is 20 points.
Mobile scores are calculated based on the availability of an iOS and Android app. 5 points are awarded for the presence of each app, with an additional 10 points being awarded for the number and average rating of reviews in both the App Store and Google Play. These review scores are calculated and scaled against the competition for a maximum of 5 points per platform and an overall maximum score of 20.
If there isn't a native iOS or Android app, the product's website is assessed using Google's PageSpeed Insights to measure mobile usability. The score is returned out of 100, then scaled to a score out of 5 for a maximum of 5 points.
Media presence is calculated using the number of Twitter followers and Facebook fans that an app has. The number of fans and followers are added together, and each app is scored based on this overall number, compared with others in the category. The first 15 points are awarded for the combined number of followers and fans scaled against the category average, while the final 5 points are awarded for the combined number of followers and fans scaled against the top leaders in the category. These two scores are added together for a total out of 20 points.
Security scoring is calculated using answers from a vendor-completed survey. The questions in the survey are based on the Cloud Security Alliance self-assessment form as part of the Security, Trust & Assurance Registry. With 15 questions, each answer is assigned a point value based on vendor response, with additional points given for security certifications, for a maximum possible score of 20.
In the event of a tie, each data point is weighted for importance, with security taking precedent, followed by reviews, integrations, mobile apps, and media presence, respectively.
*All data points combining calculations for both ratings and reviews are calculated using a Bayesian estimate, which is a weighted average that includes the number of reviews and the rating of an app, benchmarked against others in the category.