Invoicing software can be hugely beneficial for billing software for small businesses, as they often don’t have large. Dedicated accounting teams. With over 5.9 million small businesses in the UK, there is now a huge range of billing platforms. And tools designed to support SME accounting and business finance. However, with so many different options available, it can be difficult to know which software is best for your business.
In this article, we’ll look at what billing software for small businesses is and which are. The best products on the market for small businesses.
What is invoicing software?
Billing software is a tool that helps businesses speed up the invoicing process. By automatically generating invoices for purchased goods or services. Each tool is different and includes different features. However, most billing and invoicing software allows businesses to list their products and services and their costs. Which can then be automatically converted into invoices and sent to customers.
Most invoicing software is part of a wider accounting platform that helps you organize and track your business finances.
Related. Tracking invoices and payments
Best invoicing software for small businesses
If you’re looking for accounting and billing software for small businesses for your small business, you have several options. They range from free and simple invoicing software that lets you create invoices, to invoicing and payment. Tools that let you do more with your invoices and banking transactions.
As a small business, you definitely need to think carefully about. What you want from your accounting software before you make a decision. Are you just looking for an invoicing tool or do you want to track. Your business expenses and file your tax returns at the same time? It’s also important to understand the security of the platform you choose, especially. When it comes to data entry and storing sensitive information such as credit card details.
Related. How to choose the right accounting software
Here are some of our favorite accounting software for small businesses.
Xero (pronounced “zero”) offers a wide range of accounting. Tools to make your business easier, not just for expenses and payroll, but also for invoicing and tax returns. The platform offers several invoicing features that allow you to customize invoice templates. Accept customer payments instantly, set automatic reminders and even send invoices via a mobile app.
Xero’s billing plans start from a basic plan of £10 per month and are ideal for start-ups or small businesses. This package allows you to send 20 quotes or invoices, enter 5 invoices, reconcile bank transactions, send VAT returns. Store invoices and receipts and automatically calculate payments for the Construction Industry System (CIS).
As your business starts to grow, you can easily upgrade. To the next package that will support your business with more in-depth accounting and invoicing, expenses and payroll.
Related. Advantages and disadvantages of outsourced payroll
Fresh books is designed for small businesses, especially freelancers and the self-employed. The platform offers customizable invoices that can be sent directly to your clients via email or paper. And your clients can choose to pay their invoices online and directly into your bank account. By giving your customers this option, you get paid faster and don’t have to spend. So much time collecting payments with automatic reminders.
Fresh books accounting plans start from as little as £4.40 per month and £12 for more advanced services. The ‘middle’ plan for £7.60 a month includes unlimited invoices for 50 customers. Automatic tracking of expenses, setting up recurring bills and invoices. Tracking mileage on your mobile phone and running business health reports.
Fast and easy
The Quick books ‘Simple Start’ package costs just £6 per month. It allows businesses to send customizable invoices with a ‘Pay Now’ button, ensuring invoices are easily kept up to date.
Best free invoicing software for Warehouse Management System for Small Business
While many of the above tools offer free plans or free invoices, many of them are available for free.