In today’s presentation we are going to review which invoicing software are in the market and which one is the most convenient for your business. So let's get started!. You can also check our main article at http://fitsmallbusiness.com

1. Invoice Software
what is the best option for you?
by FitSmallBusiness.com

2. Free Templates vs. Invoicing System vs. Full
Accounting System

3. Invoicing options can be broken
down into the following three
categories:

4. 1. Free Templates
Both Google and Microsoft word offer
free templates (here and here) which
you can add your company information
and logo to.

5. 2. Invoicing Software
The software programs dedicated
specifically to invoicing are Harvest and
Billquick. Although Freshbooks is also
an accounting software it is primarily
known for its invoicing capabilities, so
we include it in this category as well

6. 3. Full Accounting Systems
In addition to offering integrated
accounting and payroll services most
accounting systems also offer the
ability to send invoices.

7. Company Wave Freshbooks Harvest
Billquick
Online
Monthly Cost
Free (unlimited
clients)
1 Client Free
25 Clients
Unlimited
$19.95
1-3* Users $12
5-9* Users $49
*(each aditional user
$10)
$14.95
$24.95
depending on
features
Payment
Gateways
Stripe
Paypal + 13
Others
Paypal +
Stripe +
Authorize.net
Paypal + Intuit
Merchant Services

8. Company Wave Freshbooks Harvest
Billquick
Online
Time Tracking No Yes Yes Yes
Other
Integrations
Wave Accounting
Sage50 and
other services
Quickbooks
(windows version)
and many other
services
Quickbooks,
Sage50, MYOB

9. Company Wave Freshbooks Harvest
Billquick
Online
Other features
Accounting +
Payroll
Accounting None
Project
Management
Customer
Service
Email
Phone / Email
M - F 9am -
6pm EST
Phone / Email
M - F 9am - 6pm
EST
Email. Phone for
those paying full
featured packages.

10. which package is best for you?

11. If you don’t need sophisticated
features like tracking, then it
normally makes sense to use
accounting systems like
Quickbooks.

12. Wave
If you simply need to send invoices
and get paid and don’t need any
additional things like time tracking or
the ability to integrate with a
merchant services account, then Wave
will be the best choise with a straight
forward and easy to use package.

13. Freshbooks:
If you are looking for a simple solution
like Wave but need the ability to
accept payments through other
methods than stripe, then FreshBooks
is for you.

14. Harvest:
If you are a small company that needs
time tracking software, then Harvest
is the most straightforward time
tracking + invoicing software on the
market.

15. Billquick:
If you are a larger company that needs
time tracking, project management,
and invoicing integrated into one
package then Billquick is the package
for you.

16. Creating your Invoices

17. Things Every Invoice Should Include:
•The name, address and billing contact
of your firm.
•The name, address and billing contact
of the client
•Invoice Number
•Invoice Date
•Total Amount Due

18. •Itemized list of Charges
•Any applicable taxes
•Payment Instructions
•Any info needed to complete
payment instructions.
•Accepted payment methods and
payment details.

19. payment terms

20. The payment terms you include in
your invoice can have a definite
impact on the speed at which you are
paid. The online invoice service
Freshbooks recently analyzed data on
payment terms and found some
general trends that help you get paid
faster:

21. •Be polite. Use terms like “Thank you for
your business. Please pay within ... days”.
•Be specific on the days they have to pay,
avoid using terms like “Net 30”.

22. •Adding interest to late payment can delay
the speed they pay but increases the
payment rate.
•Overall, Freshbook suggests payment
terms such as:
•“Thank you for your business. We do
accept payment within 21 days, so please
process this invoice within that time.
There will be a 1.5% interest of charge per
month on late invoices”.
•See the full article here.

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See the full article here