Any firm that wants to grow its business needs to automate. In today’s growing world, workflows and machine learning streamline business and transactional processes, making them more efficient & taking humans out of the equation so they can focus on more productive tasks. Many companies automate their invoicing process to optimize their cash flow and workflow.
Maintaining accurate and timely billing is essential to managing cash flow, but automated billing is more than just creating invoices. Automated billing software helps companies to manage payments and reports in one dashboard. It enables you to send multiple invoices in one go. Automation decreases processing time, creates custom workflow, automates late payment reminders, and allows you to manage all vendors from a single dashboard.
Next, we discuss the benefits of Automated invoice and estimate software Online.
Benefits of Automated Billing Software for Small Business
● Allow to track time & follow up delayed payments.
● Manage your cash flow with faster payment of invoices
● Enhance security by saving all the information directly on the cloud.
● Improve customer relations by offering faster error resolution.
● Auto Recurring billing/subscription billing
● Real-time reporting provides visibility at each step of the process.
● Support or manage multiple currencies & languages
Top Best Automated Billing Software are
Invoicera:
Invoicera is a cloud-based automated billing solution empowering account payable and receivable management for over 3.5 million Small & enterprise businesses worldwide for more than 17 years. It enables more efficient billing, time monitoring, cost control, and payment processing.
Features:
● Simplified Invoicing helps to generate professional-type invoices.
● Real-time reporting provides visibility at each step of the process.
● Send automated payment reminders and receipts.
● Client Portal helps to facilitate communication.
● Provide option 30+ payment gateways
● Provide an option to customize your templates.
● It helps to keep track of project incurred expenses.
● Integrate Invoicera with your CRM/ERP platform and automate your invoicing process.
● It helps to analyze staff productivity with time tracking reports.
Free plan: yes
Paid Plan: $15 for 100 Active clients, $29 for 1000 Active clients, $149 unlimited clients.
Zoho
Zoho is a good invoicing software for small to medium businesses. From managing invoices to getting paid online, Zoho possesses all the features to manage online invoicing efficiently.
Features:
● Customize your templates as per business requirements
● Provide a portal to manage payments & reports in the same dashboard.
● Client portal to manage multiple clients
● Set up rules to categorize banking transactions for easier reconciliation
● Customize reports & filter the data further for better insights
Free Plan: Free
Paid plan: For Basic INR 2499 per year, Standard: INR 9999 per year, Professional: INR 19999 per year.
FreshBooks
FreshBooks generates invoices like a professional. Users can customize their invoices to match the style & message for business. Automatic late payment reminders make FreshBooks a good option for both small business owners & freelancers.
Features:
● Save Information directly on clouds
● Scheduling helps to handle the task efficiently.
● Compatible with both android and ios
● Create Invoices, estimates, & sales receipts easily.
● Project management helps to Spend less time finishing the assignments.
Free plan: No
Paid plan: For Lite $15, Plus $25, and Premium $50
Profitbooks
Profitbooks is the fastest-growing online accounting software. It helps customers to create invoices, track expenses and manage inventory without any accounting knowledge.
Features:
● Manage multiple Invoices and payments in any currency.
● Provide detailed reports to facilitate better decesion making.
● Track business expense
● Tracking projects help to complete the project in less time.
Free plan: For Startup only
Paid plan: INR 2499 onwards
Tally.ERP 9
It is famous accounting software that allows you to check expenditures, handle exceptions in business processes, and manage finance better.
Features:
● It helps to manage your GST returns efficiently.
● The payroll management feature handles payslip generation
● It supports tasks like voucher management, reminder letters, and bank reconciliation.
Free plan: NO
Paid plan: INR 18000 for silver and INR 54000 for gold
QuickBooks
QuickBooks enables you to create, track and send GST-compliant invoices easily. Automatic payment reminders help you to get paid on time.
Features:
● Cloud accounting helps you manage data directly from anywhere.
● Create invoices, quotes, record expenses and sales receipts easily.
● Project tracking enables you to complete your project in less time.
● Inventory Management helps to track your inventory from anywhere
Free plan: No
Paid plan: Starting from INR 1500 onwards
Vyapar
It is a good business accounting & inventory management software. It is compatible with both android & mac. Users can get a quick glimpse of their finances as soon as they login into their accounts.
Features:
● Provide detailed financial reports for analysis.
● Provide an option for reconciling bank accounts and report extraction.
● It helps small businesses maintain cash flow by assisting them in keeping track of payments.
● It allows you stress-free when you have to file GST.
Free Plan: No
Paid plan: Start at 2499/year
XERO
It has features to pay bills, Bank connections, track projects, manage expenses, payrolls, etc. More than 100,000 bookkeepers and accountants use Xero in their practice.
Features:
● Pay bills using debit and credit cards to manage easy payments
● Accept payments using PayPal, credit, etc.
● They give the option to generate an invoice on your mobile.
● Track projects from anywhere for comfortable and better management.
● Helps to manage bank accounts
Free plans: They also give 30 days free trials
Sage
Sage Business Cloud Accounting comes with the best invoicing and billing features for you and provides a user-friendly dashboard to manage your whole accounting processes.
Features:
● It provides you a clear picture of your finances when you need them.
● Inventory tracking allows users to drive products according to the demand
● It helps you track overdue invoices, track orders, manage payrolls.
Free plan: No
Paid Plan: Start from $10 a month
Due
Due is a good time-tracking and invoicing tool. It also includes a calendar and reporting tools to keep users organized on task. It helps to customize your invoices as per need.
Features:
● It provides an invoice tab where you can view the number of pending or paid invoices and their ID numbers.
● Create your projects and add necessary details such as the client name, budget, the due date, and the tasks.
● Send and receive money Instantly.
● Easy to use dashboard
Free plan: No
Paid plan: Starting from $10/month
The Indy Invoice Generator uses the industry’s most trusted online payment solutions, and clients are one click away from paying using the method of their choice. Indy is an all-in-one management software that helps self-employed people and small businesses easily manage their invoices. Invoice templates include all the info your clients need and give you the ability to add your personal branding. You can link working hours directly to an invoice using the Time Tracker tool and save yourself time.
Using Indy, you can:
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Prepare professional Proposals in moments.
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Create Contracts and send them instantly to your new clients.
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Link contracts to projects to keep your records organized.
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Make Tasks and connect them to projects to manage your progress.
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Chat with your clients and team to build momentum.
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Bill your clients using Indy’s Invoices tool.
Pricing Plans
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Basic
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Try out Indy for free and see if it’s right for you: track 12 tasks, send two invoices, create two contracts, and more in our basic plan.
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Indy Pro
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Get full access to Indy and all its features with the Pro Bundle for only $5.99 a month.
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Conclusion
Above, we discussed the ten best-automated billing software online. The small business owner needs to choose the right automated billing solution to streamline their finances for smooth cash flow. I suggest Invoicera over other softwares.
Reason:
● It helps small business owners to integrate with existing legacy systems & customize the billing/Invoicing process as per business demands.
● Invoicera provides an option of 30+ payment gateways that helps users simplify & automate business, Online Invoicing, recurring/subscription, expense management, regular/subscription, billing, time tracking, staff permissions, client/vendor panels, workflows, multi companies, multi-currency support, etc.
