The Best Invoicing Software for Freelancers and Social Entrepreneurs

With businesses going online, automation and digitalization have become the norm. Sales, human resources, and accounting processes have become faster and smoother thanks to software applications. One of them is invoicing software. Some software applications can be expensive for most freelancers and social entrepreneurs. But which ones are the best for these organizations?

1. Freshbooks

One of the leading names in invoicing and accounting software, Freshbooks is one of the best ones to try for any business or organization. Freshbooks allows users to choose between different pricing plans and billable clients. It’s a great way to help freelancers and social entrepreneurs with limited budgets or those with a small pool of clients so far. 

Their software has these primary features:

• Personalized invoice templates
• Accept online payments and credit cards
• Automate billing and invoicing and get alerts
• Make a deposit request
• Bill your clients for the time you worked
• Monitor your cash flow better

Pricing

Lite – $4.50/mo

Plus – $7.50/mo

Premium – $15/mo

2. Invoicely

Here’s an invoicing software you can use without the subscription commitment. Invoicely is one of the few invoicing software applications that have a free plan. You don’t have to pay to use Invoicely, especially if you’ve recently started your social enterprise or freelance gig. But, as it grows, or if you want to bill more customers and get more out of their software, you can always move up a subscription tier.

Here are the features for Invoicely:

• Track time, expenses, and reports
• Accept payments through Stripe and PayPal, and other online payment gateways
• Integrate your branding into your invoicing
• Manage different businesses/brands

Pricing

Free

Basic – $9.99/mo

Professional – $19.99/mo

Enterprise – $29.99

3. Stripe Invoicing

Stripe is another big name in the finance industry. Most know Stripe as a tool for businesses to receive online payments. However, Stripe also has invoicing features, such as generating and sending invoices, streamlining operations, and receiving payments globally to help small businesses or social entrepreneurs manage billing.

How much does Stripe charge for every invoice?

Their Starter fee is 0.4% per paid invoice. Meanwhile, for Plus, it’s 0.5% per paid invoice.

4. PayPal

PayPal is another trusted name in finance. They have an invoicing service ready for many organizations and freelancers to use. All businesses should do is sign up to PayPal and generate an invoice for a client. It’s not necessary to install any other apps to generate invoices or sign up for another service.

How much does PayPal charge for every invoice generated?

3.49% + $0.49

5. Invoice Ninja

Here’s one open-source option for social enterprises to consider for their invoicing needs. Invoice Ninja can help companies and organize to streamline their workflows. And if you’re on the go, Invoice Ninja has an app, and you can manage everything on your smartphone.

Features:

• Generate invoices for clients
• Accept online payments
• View quotations
• Track time
• Organize inventory, expenses, and vendors

Pricing:

Free Forever

Ninja Pro Plan – $10/mo

Enterprise Plan – $14/mo

Freelance Invoicing Options

If you’re a freelancer and want to send your clients invoices, here are two options to consider:

Bonsai

Although Bonsai is for small businesses, Bonsai caters to freelancers as well. It’s an all-in-one workspace to help you keep track of your proposals, contracts, client CRM, invoicing, and taxes. 

Pricing

Starter – $24/mo

Professional – $39/mo

Business – $79/mo

Fiverr Workspace

If you’re a Fiverr freelancer, Fiverr Workspace can track your time, manage your tasks, and create invoices. You can get it for free, but if Fiverr is the only freelance platform you’re in, and you have more clients there, you will need to pay for the Unlimited tier.

Pricing

Free

Unlimited – $24/mo

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