The best invoicing software lets you to create invoices, track expenses, and generate reports. It also allows you to manage client information, tracks mileage and time, and helps with creating estimates (quotes). Some invoicing systems offer additional features, like payment processing solutions as well as inventory management tools. These could be helpful when you need to collect the money or automatically send reminders.

It is possible to be better off choosing a no-cost option like Wave or Invoice Simple If you're small-sized company with minimal invoicing requirements. They are user-friendly and have a simple interface and are focused on invoicing rather than other business processes. On the other hand, paid invoice software like Invoicely has more features such as tracking clients, a dashboard that displays an invoice breakdown, as well as a 'Recent Activity' log. However, it is important to remember that the free version limits users to five invoices per month.

FreshBooks or QuickBooks are the best options for those with an array of invoicing and accounting requirements. These apps typically feature more complex user interfaces and many other accounting tools such as budgeting and project management. They may cost more than other invoice programs, however they are a good cost for small businesses and freelancers who want to gain insights into their financial performance.

There are a variety of options for tracking expenses along with standard billing functionality. This can help you track and classify your business expenses, which can be used to calculate tax obligations. Certain billing platforms integrate this feature with their billing and project management tools to avoid the hassle of switching between systems.