10 Online Invoicing Systems Small Businesses Should Try- Expert Recommendation

If, like me, you last dealt with accounting figures in high school, managing the accounts for your small business might be a bit daunting. If you're starting a small business, you probably haven't given much thought to invoicing, bookkeeping and accounting. That's because 48% of businesses, just like you, don't. When you start a new business, you only think about how you will sell and earn, but not about money management. Yet this has a higher priority in your blueprint. According to the Bureau of Labor Statistics (BLS) reports. >20% of businesses fail in the first 2 years >45% of businesses fail in the first five years >65% fail in the first 10 years >Only 25% make it after 15 years. There are many causes of business failure, but problematic cash flow is the leading cause of business closure. Now that you don't want to fall into the three categories above, but into the fourth, you've probably been looking for a solution to manage your accounting. According to reports published by Zion Market Research, the global e-invoicing market was valued at approximately USD 4,649 million in 2018 and is expected to generate approximately USD 20,529 million by 2026, growing at a CAGR of approximately 20.4% between 2019 and 2026. There are several small business billing software available in the market today. But each of them is targeted at different categories and types of businesses. Here are a few quickies to keep in mind when looking for online invoicing software for small businesses. Look for invoicing software that guides you (user-friendly). Always check if it automates Compare pricing plans Compare the features offered in different price plans Choose software that can work with your business in the long term Don't just choose invoicing software, but also a business management solution Make sure the software allows you to manage suppliers and customers Try to communicate with technical support - check responsiveness Choose an option for a demo/walk-through if available Check the financial reporting and report management area Now you know about the things to look in your best small business invoicing software. Here are some questions to evaluate for yourself that will help you find the best solution for your business. What is the size of your business? What is your business model - sales or subscription? What is your business budget? How do you plan to grow? What industry are you in? I hope you've taken your notes. Let's find out which is the best invoicing software small businesses should choose. List of 10 best online invoicing software to choose from: Invoicera FreshBooks Pabbly Wave Sage 50cloud Xero Zoho Books GoDaddy Accounting Kashoo AccountEdge Pro