The Top 15 Best Billing Software for Small Business in 2024
What is invoice billing software?
Billing software for small businesses automates the invoicing process and helps manage payments efficiently. Whether you are dealing with one-time transactions, recurring, or subscription payments, having the right invoice billing software is essential for smooth business operations.
Look at some of the key benefits of adopting top billing software for small business:
Cost and Time Savings: The best billing software for small businesses helps automate the creation and sending of invoices, reducing the need for manual entry and minimizing errors. By streamlining your billing process, your business can save both time and operational costs, allowing you to focus on growth and customer service. With features like automated reminders, you can encourage timely payments without extra administrative effort.
Efficiency in Managing Recurring Payments: For businesses that offer subscription-based services, recurring billing software is a must. This type of software automates subscription renewals, processes payments, and ensures that customer billing cycles are managed seamlessly. It helps avoid lapses in service delivery due to failed payments or forgotten renewals, offering a reliable way to manage long-term customer relationships.
Subscription Billing Software and Customization: As more businesses move toward subscription-based models, having flexible subscription billing software can enhance your offerings. Invoice billing software can handle different pricing tiers, discounts, and trial periods, allowing you to customize the billing structure to meet your business needs. Recurring billing software provides an easy way to scale your subscription model, ensuring accuracy while improving customer satisfaction.
Better Financial Insights: The top invoice billing software solutions include detailed analytics and reporting features, allowing small businesses to gain valuable insights into their cash flow and overall financial health. You can easily track overdue invoices, outstanding payments, and customer histories, helping you manage accounts receivable efficiently. This level of visibility is crucial for making informed decisions about your business’s financial strategy.
Compliance and Security: Top billing software for small business ensures compliance with tax regulations and other legal requirements, reducing the risk of errors or non-compliance. Systems also come with built-in security features that protect sensitive customer data, ensuring that payment details are processed securely and in accordance with the latest standards.
Scalability for Growing Businesses: As your small business expands, so do your invoicing and payment management needs. Top billing software for small business is scalable, capable of handling increased transaction volumes, customer databases, and more complex billing scenarios. This means that whether you’re just starting out or experiencing rapid growth, your software can adapt to your evolving needs.
Enhanced Customer Experience: By automating your invoicing and offering clear, professional invoices, your business can provide a better experience for customers. Features like automated receipts, online payment options, and easy-to-understand invoice templates ensure that customers can make payments quickly and without confusion, leading to improved satisfaction and customer retention.
Choosing top billing software can be a game-changer for your small business, offering tools for automation, compliance, and financial management—all of which contribute to a more streamlined and efficient operation.
When it comes to finding the right invoice billing software for your business, here are some features to look for:
Customizable Invoice Templates
Recurring Billing
Multi-Currency Support
Automated Payment Reminders
Online Payment Integration
Expense Tracking
Time Tracking
Client Management
Tax Calculation
Multi-User Access
Mobile Access
Detailed Reporting and Analytics
With so many choices out there, it can be hard to know which invoice billing software or subscription billing software really fits the unique needs of your industry, your business, and your budget.
Don’t worry, there’s good news—finding the top billing software for your small business has never been easier.
We’re here to help. Our software experts have compiled this comprehensive breakdown of the Top 15 Top Billing Software For Small Business in 2024.
*Note: Our invoice billing software reviews are for informational purposes only. We encourage you to perform research and demo subscription billing software systems to achieve the most comprehensive comparison.
1.
Striven is an all-in-one ERP business management software solution built with small to mid-market businesses in mind. Our sophisticated software combines project management tools, CRM, finance, sales performance metrics, lead management, collaboration tools, purchasing, HR and payroll, operations, inventory control, compliance tracking, task management tools, (and so much more) into a single, easy-to-use interface. Striven is an infinitely capable software solution that supports every type of employee within your company.
Highlights:
- Project, task, and time management w/ interactive calendar
- Detailed financial and productivity reports generated in seconds
- Fully integrated CRM
- Contractor and subcontractor management
- Invoicing and subscription billing
- Self-service portals
- Scheduling & dispatch route planning capabilities
- Fully integrated accounting
- Complete HR functionality
- Inventory management
What Sets It Apart: Striven’s expert team of business analysts personally see to your success. From training and onboarding, technical support, and business-specific customizations, our US-based Striven Support Team is available 24/7. On top of that, Striven’s automation capabilities allow you to work more efficiently.
Pricing: Free trial and custom demo, packages begin at $35/user.
More info: Striven Earns Numerous Awards For Q4 2023
2.
QuickBooks Online is a leading invoice billing software that enables growing businesses to efficiently manage their invoicing, payments, and cash flow. It provides a comprehensive set of features for billing, including customizable invoices, automatic payment reminders, and integration with banking and payroll systems. With its cloud-based platform, businesses can access their financial data anytime, anywhere, facilitating real-time cash flow management.
Highlights:
- Streamlines billing with customizable invoices and automatic payment collection
- Multi-user collaboration to access and manage accounts simultaneously
- Offers instant insights into business finances, cash flow, and profitability
What Sets It Apart: QuickBooks Online is a top choice for small businesses looking for a reliable and scalable billing solution that integrates seamlessly with their overall accounting processes.
3.
Xero Projects is an extension of the Xero accounting platform, offering robust invoice billing software designed for businesses that need to track time and costs across various projects. It integrates seamlessly with Xero’s core accounting features, allowing businesses to manage invoicing, payments, and cash flow with ease. Xero Projects also supports real-time project tracking, helping businesses to stay on top of their profitability.
Highlights:
- Easily bill clients based on time and materials tracked for each project
- Monitor project expenses in real-time to ensure profitability
- Full integration with Xero’s accounting features for seamless financial management
What Sets It Apart: Xero Projects is ideal for service-based businesses that require detailed project tracking alongside their billing and accounting processes.
4.
GoCardless is a specialized recurring billing software that focuses on simplifying the collection of direct debit payments for businesses of all sizes. It automates the payment collection process, reduces the administrative burden, and minimizes late payments, making it an ideal choice for businesses with recurring billing needs. GoCardless integrates with popular accounting and billing platforms, providing a seamless payment experience for customers.
Highlights:
- Simplifies the collection of recurring payments through direct debits
- Supports payments in multiple currencies, making it ideal for international businesses
- Provides instant updates on payment statuses and cash flow
What Sets It Apart: GoCardless is an excellent choice for businesses that prioritize direct debit payments, offering a streamlined and cost-effective solution for recurring billing.
5.
Invoicera is a comprehensive invoicing and subscription billing software that caters to businesses of all sizes, providing tools for invoicing, recurring billing, and subscription management. It offers a highly customizable platform, allowing businesses to tailor their invoicing and billing processes to their specific needs. With features like multi-language and multi-currency support, Invoicera is particularly well-suited for businesses operating in global markets.
Highlights:
- Create and send personalized invoices with custom templates
- Multi-currency and multi-language support
- Reduce late payments with automatic reminders
What Sets It Apart: Invoicera’s flexibility and global capabilities make it a top choice for businesses that need a tailored invoicing solution for invoice billing software to meet diverse customer needs.
6.
SimplyBill is a straightforward invoice billing software designed for small businesses and freelancers who need a simple, no-fuss solution for creating and managing invoices. It offers a user-friendly interface that makes it easy to generate professional invoices, track payments, and manage customer information. SimplyBill’s minimalist approach ensures that businesses can focus on billing without getting bogged down by unnecessary features.
Highlights:
- Generate and send invoices quickly with a clean, easy-to-use interface
- Keep track of outstanding payments and overdue invoices
- Store and manage customer information for easy invoicing
What Sets It Apart: SimplyBill is perfect for small businesses and freelancers who want a hassle-free billing solution without the complexity of more extensive billing systems.
7.
Recurly is a robust subscription billing software that helps businesses automate and optimize their recurring billing software processes. It offers a comprehensive platform for managing subscriptions, billing cycles, and customer accounts, all while providing detailed analytics and revenue recognition tools. Recurly’s advanced features, such as dunning management and revenue recovery, ensure that businesses maximize their subscription revenue and minimize churn.
Highlights:
- Easily manage customer subscriptions and recurring billing cycles
- Minimize revenue loss with automated dunning and account recovery
- Gain insights into subscription performance, customer behavior, and revenue trends
What Sets It Apart: Recurly’s advanced revenue recovery and analytics features make it a top invoice billing software choice for businesses focused on maximizing their recurring revenue streams.
8.
Pabbly Subscriptions is an affordable subscription billing software designed for small and growing businesses. It offers a simple yet powerful platform for managing recurring billing, invoicing, and customer subscriptions, with no hidden fees or transaction charges. Pabbly’s focus on ease of use and transparency makes it an attractive option for businesses looking to streamline their billing processes without breaking the bank.
Highlights:
- Send unlimited invoices without any additional fees
- Manage subscription billing cycles with ease
- Enjoy transparent pricing with no hidden charges
What Sets It Apart: Pabbly Subscriptions is a great recurring billing software choice for small businesses looking for an affordable and straightforward solution for managing recurring billing and invoicing.
9.
Zervant is a user-friendly invoice billing software designed specifically for small businesses and freelancers. It provides a simple platform for creating and sending invoices, tracking payments, and managing customer information, all from a single dashboard. Zervant’s focus on simplicity and ease of use makes it an excellent choice for businesses that need an efficient and straightforward invoicing solution.
Highlights:
- Quickly generate professional invoices with a few clicks
- Monitor payments and overdue invoices in real-time
- Store customer details and create recurring invoices with ease
What Sets It Apart: Zervant’s simplicity makes it a top billing software for small business and those looking for an uncomplicated and effective invoicing solution.
10.
Sumup is a cloud-based invoice billing software that helps small businesses and freelancers manage their invoicing and accounting with ease. It offers a user-friendly interface for creating invoices, tracking expenses, and managing customer payments, all while providing real-time insights into business finances. Debitoor’s mobile app ensures that businesses can stay on top of their invoicing and cash flow, even on the go.
Highlights:
- Generate and send invoices in just a few clicks
- Keep track of business expenses with automatic categorization
- Manage invoicing and finances from anywhere with the mobile app
What Sets It Apart: Sumup’s mobile-friendly platform and intuitive design make it a top choice for businesses that need to manage their invoicing and accounting on the go.
11.
PaySimple is a versatile invoice billing software that offers small businesses an integrated platform for managing billing, payments, and customer information. It provides tools for creating and sending invoices, accepting payments online, and automating recurring billing, all while offering a seamless customer experience. PaySimple’s focus on payment processing and customer management makes it an excellent choice for service-based businesses.
Highlights:
- Accept credit card and ACH payments directly through invoices
- Set up and manage recurring payments with ease
- Store and manage customer data for personalized billing
What Sets It Apart: PaySimple’s robust payment processing and customer management features make it a top choice for service-based businesses looking to streamline their billing processes.
12.
BillQuick is a comprehensive invoice billing software designed for professional services firms that need to manage billing, time tracking, and project management all in one platform. It offers features for automating invoicing, tracking billable hours, and managing projects, ensuring that businesses can maximize their efficiency and profitability. BillQuick’s integration with accounting platforms like QuickBooks and Sage ensures seamless financial management.
Highlights:
- Accurately track billable hours and project expenses
- Generate invoices based on time entries and project milestones
- Manage projects from start to finish with integrated tools
What Sets It Apart: BillQuick’s combination of time tracking, invoicing, and project management makes it an ideal choice for professional services firms that need to streamline their operations.
13.
OneUp is a cloud-based invoice billing software that provides small businesses with an all-in-one solution for managing invoicing, accounting, and inventory. It offers tools for automating billing processes, tracking payments, and managing customer relationships, all within a user-friendly interface. OneUp’s integration with bank feeds and inventory management makes it a great choice for businesses that need a comprehensive financial management solution.
Highlights:
- Simplify billing with customizable invoices and automatic payment reminders
- Track inventory levels and manage stock directly within the platform
- Automatically reconcile bank transactions for accurate accounting
What Sets It Apart: OneUp’s integrated approach to invoicing, accounting, and inventory management makes it a top choice for small businesses that need an all-in-one solution.
14.
Invoice2go is a mobile-friendly invoice billing software designed for freelancers and small businesses that need to manage their invoicing and payments on the go. It offers an easy-to-use platform for creating and sending invoices, accepting payments, and tracking expenses, all from a mobile device. Invoice2go’s focus on mobility and simplicity makes it a popular choice for businesses that need a flexible invoicing solution.
Highlights:
- Create and send invoices from your smartphone or tablet
- Monitor payments and overdue invoices in real-time
- Track and categorize business expenses on the go
What Sets It Apart: Invoice2go’s mobile-first design makes it an excellent choice for freelancers and small businesses that need to manage their invoicing and payments from anywhere.
15.
FreshBooks Classic is a popular invoice billing software designed for small businesses and freelancers who need an easy way to manage their invoicing and payments. It offers a user-friendly platform for creating professional invoices, tracking expenses, and accepting online payments, all while providing insights into cash flow and profitability. FreshBooks’ focus on simplicity and customer support makes it a top choice for businesses looking to automate their billing processes.
Highlights:
- Create and send professional invoices with just a few clicks
- Easily categorize and track business expenses for accurate financial reporting
- Accept credit card payments directly through invoices
What Sets It Apart: FreshBooks Classic’s ease of use and strong customer support make it an excellent choice for small businesses and freelancers looking to simplify their invoicing and cash flow management.
Contact a Billing Software Expert
Our Small- to Mid-Market Business Analyst Team at Striven has decades of experience with accounting, invoicing, and billing software for businesses of any size in every industry.
Just like every car needs a trusted mechanic, every software needs a dedicated support team.
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