Best Invoicing Software For Small Businesses

Finances are at the core of any business, and choosing which software to use to track incoming and outgoing payments may be one of the first decisions a business owner makes. Or, if you’ve been operating a business for some time and are dissatisfied with how your reporting and invoicing works, you may be looking to switch to a more effective tool. 

We’ve gathered five of our favorite invoicing software tools for small businesses to help you choose the tools that fit your needs. 

Top picks for small business invoicing software

QuickBooks 

Intuit’s QuickBooks software is a legacy in the digital accounting space. With a full-service toolkit, business owners can easily track all expenses, and payments, pay invoices, manage bills, and more.

• Who it's best for: The adaptable versions of this software make it suitable for every sized organization from solopreneurs to enterprise-level companies. 
• A special feature we love: Adaptable plans for various business sizes and types at different price points. 

HoneyBook 

Made for independent businesses, this platform is intended to be a full-service solution for individuals who need to offer contracts, agreements, invoices, payment platforms, scheduling, and more. 

• Who it's best for: Small businesses or self-employed individuals who want to be able to schedule clients, send deliverables, exchange payments, create contracts, and more, all in one place. 
• A special feature we love: The ability to generate contracts for freelancers or other independent service providers.

Square

This online payments, ecommerce, and POS technology platform also makes it possible to send and receive invoices. This makes it easy for businesses operating with in-person customer interactions to manage their finances in one centralized hub.

• Who it's best for: Square is a full-service solution for the food & beverage industry, retail, service providers, and even larger businesses. 
• A special feature we love: Combining the invoicing tool with your POS makes it convenient for businesses in the restaurant or retail industries. 

FreshBooks 

This affordable option for a full-service tool offers a complete suite, from invoicing to mileage trackers, payroll, payments, time tracking, and of course all the accounting reports and tracking a business needs on a daily basis and to file taxes. 

• Who it's best for: This service works for freelance and self-employed individuals, or businesses with employees or contractors across industries like creative, business, legal, and more. 
• A special feature we love: They offer a 30-day free trial with the subscription so you can explore if it’s the right tool for you with no risk. 

Modern Receivable 

Built as an automated invoice management software for small businesses, Modern Receivable automates invoice follow-up to eliminate delayed or late payments from customers. This can help small businesses operating on tight margins to maximize their financial capacity and efficiency. 

• Who it's best for: Small and medium-sized businesses running lean that prioritize invoicing on time and without delay. 
• A special feature we love: Integrations with email and SMS through pre-built communication cadences. 

Access unlimited invoicing 

If you’re looking to take your business to the next level and streamline your financial reporting, reach out to our team at Modern Receivable. We strive to make it easier for small and medium-sized businesses to succeed from the start. Get started with our tools today.