It can be difficult to gather revenues from clients and customers. Inefficient invoicing processes can wreak havoc on your financial flow. Expense management software can make the payment gathering process easier for service businesses. You’ll get paid faster while also providing your consumers with more convenient payment alternatives. Furthermore, there are a plethora of free invoice apps, so you won’t need a huge amount of cash to make the most out of it.

We got right in and conducted our own research and see which free invoicing software choices stand out—and why.

Top 8 Best Cheap Invoicing Software

  1. Bonsai – Best For Its Low Price Tag
  2. PayPal: Invoices can be created on mobile devices
  3. Zoho Invoicing for efficient invoice processing
  4. QuickBooks for embracing online transactions 
  5. Invocera is used to send invoices
  6. AND.CO for organizing a solitary project
  7. Harvest is time-tracking invoicing software
  8. Wave for any and all invoicing and accountancy for small businesses

1.   Bonsai – Best For Its Low Price Tag

Best Cheap Invoicing Software

Enjoy Bonsai for receiving payments on time from clients with automatic invoicing options. The platform generates electronic receipts for customers and sends them automatically. This means you can save time on the manual tasks of sending invoices.

Payment reminders are also automatically set to ensure the client never forgets to pay you. However, if this happens, the platform will add overdue charges automatically to the invoice to compensate you. Bonsai also does not charge any service fee for each payment to ensure you receive the total amount.

The best thing is that this software is cheaper than other options on the market. Starting plans come at a low price of $24 per month. You can also receive a discount of two months by choosing annual subscriptions. A free trial of seven days is also provided to help you make a better decision.

PRICING:

  • Monthly starter plan – $24
  • Monthly professional plan – $39
  • Monthly business plan – $79

KEY FEATURES:

  • Send automatically generated invoices to clients or prepare receipts yourself using Bonsai templates
  • Customize invoices by adding special conditions or terms of payment
  • Global payment options to receive money through credit cards, PayPal, and much more
  • Set recurring invoices for regular clients

REASONS TO BUY:

  • It is highly versatile
  • The platform is budget-friendly
  • You are not charged a commission percentage
  • Easy to use
  • Offers monthly and annual plans for ease of use

REASONS TO AVOID:

  • The free trial of Bonsai only lasts for a short period of seven days
Visit Bonsai

2. Paypal: Invoices can be created on mobile devices

Best Cheap Invoicing Software

Because PayPal is among the most widely used payment methods, many of your clients are likely to already have a PayPal account. Furthermore, PayPal’s brand awareness and reliability may assuage any apprehensions clients may have about paying you online.

PRICING:

  • Creating an account and sending invoices are both free.
  • Processing costs for PayPal transactions are 3.49 percent plus $0.49 per international transfer.

REASONS TO BUY:

  • Wide stage availability
  • High transaction limits
  • Global reach
  • Availability of recurring invoices
  • You still can charge and take payments from customers who don’t have a payment gateway.

REASONS TO AVOID:

  • Can hold funds

Conversely, PayPal is the preferred method for further purchase-oriented operations, such as purchasing from retailers or receiving payments from your own clients. In terms of investment payments, PayPal seems more of a business-to-consumer (B2C) network (B2C).

3. Zoho Invoicing for efficient invoice processing

Best Cheap Invoicing Software

Zoho invoice is cloud-based accounting software and is an advanced online billing solution that is meant to help small and medium-sized businesses manage, establish a framework and collect payments from a single centralized platform.

PRICING:

Zoho Invoice is a completely free invoicing platform for small businesses.

KEY FEATURES:

  • To synchronize operations with rules, automated bank feeds were implemented.
  • Alternatives for bilingual and multicurrency invoice templates
  • Recurring invoices agenda
  • For improved accessibility, create a collaborative client portal.
  • Payment receipts can be customized.

REASONS TO BUY:

  • For high data protection, a connection with several payment channels is required.
  • To deliver comprehensive actionable intelligence, a graphical dashboard is used.
  • Customize invoice layouts to your heart’s content.
  • Agile methodologies that are automated to eliminate manual billing processes

REASONS TO AVOID:

  • Large businesses may find it unsuitable.
  • In comparison to similar market products, provides a full layer rather limited.

4. QuickBooks for embracing online transactions 

Best Cheap Invoicing Software

QuickBooks is a renowned invoice software among businesses all over the world because of its minimalistic and user-friendly layout, as well as a slew of frictionless billing and reporting systems.

PRICING:

  • 350/year
  • Users to use their own data can also take advantage of the free 30-day testing period.

KEY FEATURES:

  • Professional invoices that are tailored to your needs
  • For seamless transactions, internet banking alignment is essential.
  • Dashboards that can be navigated and extensive reporting choices
  • Automated repayments help manage cash flow.
  • Employees’ work hours are tracked in real-time.

REASONS TO BUY:

  • Smartphone connectivity is improved thanks to a clever mobile app.
  • Support and upkeep are provided at no cost.
  • Allows numerous users to manage the system, facilitating team cooperation.
  • A cloud-based billing application that improves data security

REASONS TO AVOID:

  • For single accountants, there is no free plan.
  • For new members, it may seem to be rather complicated due to the numerous menu selections.

5. Invoicera is used to send invoices

Best Cheap Invoicing Software

This mobile invoice tool maintains corporate procedures current by allowing users to create invoices while on the go, track spending, calculate billable hours, and organize product development.

PRICING:

  • Classic: $19.95 per month (100 clients)
  • Business: $39.95 per month (unlimited clients)
  • Infinite:$99.95 per month (unlimited clients

KEY FEATURES:

  • Workflow automation that is tailored to your needs
  • For a brief review, produces and publishes client reports.
  • Real-time data feeds on the activity’s dashboard
  • Paid subscription alerts and reminders are sent automatically.
  • Accounting connectivity with a third party

REASONS TO BUY:

  • Support for several languages and currencies for online transfers
  • Most widely used payment gateways are supported.
  • Allows several users can control the system, facilitating team cooperation.
  • Cloud-based billing software that promotes collaboration.
  • Billing software and advanced invoicing templates

REASONS TO AVOID:

  • The software might just have a user experience that is difficult for new users to understand.
  • Without the necessary assistance, steering is a little difficult.

6. AND.CO for organizing a solitary project

Best Cheap Invoicing Software

AND.CO is Fiver’s auxiliary cloud-based system for managing projects, tracking time, and creating agreements for freelancers and small company owners.

KEY FEATURES:

  • Automatic invoices, recurring bills, and configurable invoicing allow you to customize your receipts with your logo.
  • Create, customize, and e-sign your customized contracts based on the terms of your client agreements.
  • Streamline and manage your costs by storing them in one location that you can access from any device.
  • Create recurring costs, get snap refunds, or email receivables.
  • Tracking, labelling, setting postpone dates, and more are all included in the task manager’s feature set.

REASONS TO BUY:

  • Payment notifications, smart withdrawals, and other features make invoicing simple.
  • You may customize your offers and contracts by simply toggling on either of the provisions you want, and you can even include your e-signature.
  • AND.CO allows you to accept payments from all over the world without incurring any additional fees.
  • Excellent task management, including task tagging, task list generation, and task list monitoring, among other things.

REASONS TO AVOID:

  • Only one invoice template.
  • Limited customization of invoices.

7. Harvest is time-tracking invoicing software

Best Cheap Invoicing Software

Harvest is a web-based solution that allows you to track time, expenses, invoicing, and time-based statistics, among other things. You can efficiently handle the growth of your team and business by keeping track of the time.

PRICING:

  • Free: 1 person for 2 projects
  • Pro: There are no limits to the number of people or projects you can work on. $12/person/month

KEY FEATURES:

  • The time and expenditures tool help you to keep track of clients, initiatives, and activities while maintaining a timesheet.
  • Time monitoring allows you to keep track of your team and tasks.
  • Harvest converts billable time, including time tracking and expenditures, into an invoice instantly.
  • Users can create team timetables and convert them into visual plans.
  • Keep track of who worked, who was overburdened or undertaxed, and on which tasks to control your staff.

REASONS TO BUY:

  • Configuration and administration are simple.
  • Excellent time management that allows you to stay on top of current projects and team members.
  • An intuitive interface that eliminates uncertainty and puts the user at rest.
  • When compared to other applications, this is one of the finest for logging expenses.
  • Harvest is kept up to date and trendy by the inclusion of new functionality on a regular basis.

REASONS TO AVOID:

  • Harvest does not allow you to get job data from the prior day.
  • There is no regular phone assistance available.

8. Wave for any and all invoicing and accountancy for small businesses

Best Cheap Invoicing Software

Wave is a small business invoicing system that is incorporated. It’s specifically built for businesses with fewer than nine employees.

PRICING:

It’s completely free, and you can get started creating invoices in moments after setting up an account.

KEY FEATURES:

  • Free accounting system with easy-to-manage cash flow and a high level of security.
  • Accounting interface that is well-organized, secure, and user-friendly for accountants.
  • Allows you to rapidly create professional invoices at no additional cost
  • With both the Wave mobile apps, you can send invoices from anywhere and get fast notifications.
  • Scanning receipts with your phone, reviewing them, and then syncing them with your Wave profile

REASONS TO BUY:

  • The UI is simple to use it and established.
  • The most significant benefit of Wave is that it is free. 
  • Users will find the UI confusing as new features are added without indication.

REASONS TO AVOID:

  • No project management
  • Limited time

References and Links:

  • https://zapier.com/blog/best-invoicing-software/
  • https://www.scoro.com/blog/best-invoicing-software-to-get-paid-on-time/
  • https://www.softwareadvice.com/accounting/billing-invoicing-software-comparison/
  • https://www.pcmag.com/picks/the-best-billing-and-invoicing-software