As a contractor, your business needs to be efficient and professional when invoicing. A practical method of creating that efficiency is finding software that provides advanced tools to assist your business. From sending invoices to clients to receiving payments, you need a program that will provide optimal functionality. When choosing invoicing software for your business, it is essential to include important factors that make an invoicing software great. These factors include compliance, automation, payment processing, and saving on billable hours.
Top 10 Best Contractor Invoicing Software
- Bonsai – Best Contractor Invoicing Software For Independent Contractors
- FreshBooks – Best Contractor Invoicing Software for Streamlined Invoicing
- Vcita -Best Contractor Invoicing Software for Convenience
- Melio – Best Contractor Invoicing Software for Small Businesses
- WORK[etc] – Best Contractor Invoicing Software for CRM Integration
- QuickBooks Online – Best Contractor Invoicing Software for Accounting
- Sage– Best Contractor Invoicing Software for Cloud Accounting
- Zoho Invoice– Best Contractor Invoicing Software for Efficient Invoicing
- Honeybook – Best Contractor Invoicing Software for Organization
- AvidXchange – Best Contractor Invoicing Software for Invoice Management
1. Bonsai – Best Contractor Invoicing Software For Independent Contractors
Pricing: Free trial of seven days. Starter Plan begins at $24 per month
Starting contractor work is always challenging. There is a lot that you need to do, and as one individual, you might not be able to handle every aspect of your work. Because of this, it is crucial to invest in tools that can help with your work without breaking the bank.
Bonsai is one such invoicing tool that will help you achieve more out of your contractor work. You can set up payments for long-term contractor work for your clients. These include payments such as weekly, monthly, or even quarterly, depending on what you want.
The platform will also enable you to streamline the entire invoicing process. This means that everything will be automated, from the creation of the invoices to the reminders that clients will get if they don’t pay on time. You can even set up an automatic late payment fee if you like.
The invoicing feature will eliminate your need to keep another person to take care of all of this. Bonsai will track all billable hours, and you will have an account of everything. Such information will also boost the trust of your clients in your contractor work.
Key Features:
- Creation of packages
- Personalized invoice creation
- Smart invoicing through automation
- Build client list
- Track billable hours
Reasons To Buy:
- It will save you time and effort
- You can send payment reminders to clients
- Clients will have multiple payment options
Reasons To Avoid:
- Some of the payment options are only for users in the US, Australia, the UK, and Canada
2. FreshBooks – Best Contractor Invoicing Software for Streamlined Invoicing
PRICING: 30-day free trial. The Lite plan starts at $15/month.
Freshbooks is dependable and quick accounting software that makes otherwise complex financial management easy. This software automates client follow-up, time tracking, and expenses organization, integrating seamlessly with popular third-party apps. Freshbooks also has one of the highest customer satisfaction rates compared to other invoicing software. They are introducing new versions of this software to be even easier to use and include features for more efficient delivery.
KEY FEATURES:
- Online Invoicing
- Payments
- Accounting Reports & Taxes
REASONS TO BUY:
- Time-saving automatic billing and recurring payments
- Invoice-to-payment functionality
REASONS TO AVOID:
- Not a lot of freedom on invoice templates for customization
3. Vcita – Best Contractor Invoicing Software for Convenience
PRICING: Free 14-day trial. The essentials plan starts at $19/month.
Vcita software is perfect for managing day-to-day business operations. You can manage billing, invoicing, client management, and other marketing tools as a cloud-based solution. Vcita also offers quick and reliable payment methods, sending customized invoices, and customers can quickly fill in their information from your payment form.
KEY FEATURES:
- Customizable invoices, estimates, and receipts
- Mobile App for clients to pay on the go
- Automated payment reminders
REASONS TO BUY:
- Increase your productivity, efficiency, and revenue
- Complete operational and administrative tasks quickly
- Scale your operations plan with the features you need
REASONS TO AVOID:
- Some clients may find this product difficult to use
4. Melio – Best Contractor Invoicing Software for Small Businesses
PRICING: Free.
Melio is a free invoicing solution for professionals needing to pay bills and manage cash flow without the need for accounts payable software. It can deposit or mail checks to vendors on your behalf with no delivery fees. With Melio, you can set payment scheduling features for automatic payments and payment approval workflows for provided access users. It also allows payments with any credit card or bank transfer in the United States.
KEY FEATURES:
- Billing and Invoicing
- Approval process control
- Process payments with ACH, debit, or credit
REASONS TO BUY:
- Recieve digital payments for free
- Easy vendor billing details management
- No monthly fees
REASONS TO AVOID:
- At this time available to small businesses in the United States
5. WORK[etc] – Best Contractor Invoicing Software for CRM Integration
PRICING: 14-day free trial. The starter plan is $78/month for two users. Additional plans are available.
WORK[etc] is a unified business management platform. The dashboard includes all invoices that can be approved, created, and tracked from one centralized location. WORK[etc] is well known for its all-in-one cloud computing platform. You can also centralize your team and customer collaboration with this single cloud computing software solution.
KEY FEATURES:
- Quickbooks, Xero, and CSV Integration
- Subscription product management
- Company-wide billing capability
REASONS TO BUY:
- Intuitive User Interface
- Competitive Payment Options
- Simplistic Design
REASONS TO AVOID:
- Ideal for subscription-based businesses
- Significantly more costly than other available alternatives
6. QuickBooks Online – Best Contractor Invoicing Software for Accounting Solutions
PRICING: 30-day free trial. Self-Employed $5/month. The Simple Start plan starts at $25/month.
QuickBooks Online offers excellent tools for invoice management and is powered to provide simple accounting and financial management. It works with both desktop and mobile devices, allowing you to view your finances from any location. QuickBooks Online aids in reducing the time it takes for accounting tasks and focuses on the responsibilities of your business.
KEY FEATURES:
- Payroll Automation
- Free-form invoicing
- Simple Integration
REASONS TO BUY:
- Simplified Data Synchronization and Viewing
- Enhanced Financial Data Protection
REASONS TO AVOID:
- Challenging to learn compared to other online software
7. Sage – Best Contractor Invoicing Software for Cloud Accounting
PRICING: 30-day free trial. Plans start at $10/month.
Sage Business Cloud Accounting gives your business the freedom to easily send single or recurring invoices and accept payments. You can quickly generate professional invoices, track expenses, and navigate tax requirements. Sage Business Cloud Accounting also has smartphone integration allowing you to log on and view information or send invoices to customers anytime using your Android or iPhone device.
KEY FEATURES:
- Send quotes and estimates
- Invoice management
- Calculate and submit VAT
REASONS TO BUY:
- Very user friendly
- Cloud-based accounting from a singular dashboard
- Doubles as a tax management tool
REASONS TO AVOID:
- Most upgrade plans for the most valuable features
8. Zoho Invoice – Best Contractor Invoicing Software for Efficient Invoicing
PRICING: Free.
Zoho Invoice is a suite of business productivity tools for sole proprietors and micro-businesses. It allows you to create invoices in multiple languages and currencies, manage and monitor them from the exact location, and distribute them electronically or paperlessly, depending on your preference. Zoho Invoice includes a simplistic interface that provides customizations and adjustable settings for personalization.
KEY FEATURES:
- Invoice templates
- Open APT for integration
- Dashboard for quick insights
REASONS TO BUY:
- Review features provide a quick summary of the most important business information.
- Assigning users to roles and managing permissions is straightforward.
REASONS TO AVOID:
- Limits on adding custom fields to invoices
9. Honeybook – Best Contractor Invoicing Software for Organization
PRICING: 7-day free trial. Starter plan $9/month.
Honeybook is an all-in-one company management tool that assists small businesses in organizing their work operations, communicating with clients, and receiving timely payments. The software integrates with third-party applications. Honeybook offers essential features from its straightforward dashboard for expense tracking, branded templates, and electronic signature capture. Honeybook accepts payments with credit cards, debit cards, and bank transfers.
KEY FEATURES:
- Streamlined Client Communication
- Templates, Invoices, and Proposals
- iOS and Android App Available
REASONS TO BUY:
- Provide Automated Responses
- Send Invoices, Contracts and Proposals
- Stay up to date with clients
REASONS TO AVOID:
- High service fees for card payments
10. AvidXchange – Best Contractor Invoicing Software for Invoice Management
PRICING: Quote-based.
AvidXchange is an end-to-end invoice management and payment automation package that offers a comprehensive range of services. This program has a complete set of features and a fully customizable user interface. The software handles various aspects of bill payment and accounts payable administration. AvidXchange also integrates with whole accounting systems such as QuickBooks and has a mobile-accessible feature to include automated processing for invoices.
KEY FEATURES:
- Invoice Application and Accelerator
- Supplier Portal
- Accounts Payable and Receivable
REASONS TO BUY:
- Savings on operations
- Increased productivity
- 24/7 Remote access and security
REASONS TO AVOID:
- No free trial or free version
References and Links
- https://reviews.financesonline.com/p/quickbooks-online-software/
- https://reviews.financesonline.com/p/vcita/
- https://reviews.financesonline.com/p/melio/
- https://www.worketc.com/
- https://project-management.com/the-pros-and-cons-of-using-quickbooks-online/
- https://reviews.financesonline.com/p/sage-one/
- https://reviews.financesonline.com/p/freshbooks/
- https://reviews.financesonline.com/p/zoho-invoice/
- https://reviews.financesonline.com/p/honeybook/
- https://www.trustradius.com/products/avidxchange/reviews?qs=pros-and-cons#overview