As a freelancer, your job isn’t done until you get paid. Unlike a salaried job, you don’t get paid until you ask for it via an invoice. Sometimes clients pay quickly and other times they drag their heels and need a few gentle reminders. Having a good invoicing tool and following a few simple invoicing guidelines can help ease the payment process and get you paid faster.
We’ve put together a list of some invoicing tools that are perfect for freelancers and consultants.
With over 5 million users, FreshBooks is perhaps the best known invoicing software on the market. They allow a lot of invoice customization and make it easy for users to create, send and manage invoices via the FreshBooks interface and apps.
Pricing: Plans start at $9.95 month. You can use the service for free if you only have one client.
Harvest is primarily time tracking software. It’s great for managing billable and non-billable hours, assigning employees to assignments and tracking progress, and creating invoices. Overall, it’s a tool that can follow your from the start to the end of a project.
Pricing: Plans start at $12/month but there is a 30 day free trial.
Wave makes accounting software for freelancers, entrepreneurs and small businesses. They say their software is built for businesses with fewer than nine employees, but larger businesses can use their products too. In addition to invoicing, they also offer a number of features pertaining to managing your company’s financial books and issuing payroll.
Pricing: Tools are 100% free and can be used without tiers or usage limits.
PayPal is best known for being an online payment pioneer. In addition to being able to send and receive money via PayPal, you can also build and send invoices through them.
Pricing: The standard invoicing software is free, but there is a per-transaction fee.
Fusion Invoice is a self-hosted invoicing system. It’s open sourced and can be installed on your own server. One of its key differentiators is that, unlike most invoicing services which charge based on usage over time, Fusion Invoice charges a one-time fee which gives access to the software forever. Fusion Invoice can prove to be a very economical solution in the long term.
Pricing: A one-time payment of $49.
Xero has been dubbed “The Apple of Accounting” and is a popular invoicing solution in the UK, Australia and its native New Zealand. It features beautiful interfaces that are simple to learn and use. The company just entered the US market about a year ago.
Pricing: Plans start at $9/month with a one-month free trial.
There are a lot of invoice options for freelancers and small businesses. When evaluating them, keep in mind what features are most important to you, how much it will impact your bottom line and consider how it will fit in with your business goals, both short and long-term.