Billing Software For Small Business

Our Billing Software is designed to streamline invoicing, payment processing, and financial tracking for small businesses. DepositFix acts as a financial assistant, providing insights into revenue trends, expense tracking, and budget management, evolving with your business needs.

What is Billing Software For Small Business

DepositFix simplifies billing processes, saving time and reducing errors. It automates invoices, tracks payments, and analyzes financial data with features like automatic invoice generation, online payments, and real-time reporting. Perfect for entrepreneurs and small business owners, it helps maintain cash flow and make informed decisions.

Capabilities of Billing Software For Small Business

Online Payment Processing
Automated Invoicing
Expense Tracking
Trust Accounting
Financial Reporting
Client Management

Highlights of Billing Software For Small Businesses

Key features of Billing Software For Small Business

How to Use Billing Software For Small Business

Invoice Creation and Customization
Generate and customize invoices with your business branding in the 'Invoice Creation' module. Include detailed descriptions, prices, and terms.

Automated Billing and Recurring Invoices
Set up automated billing cycles and manage recurring invoices for regular clients in the 'Automated Billing' section, saving time on repeat transactions.

Payment Processing and Integration
Process payments directly through the software and integrate with various payment gateways in the 'Payment Processing' module, offering multiple payment options to customers.

Expense Tracking and Management
Track business expenses and manage vendor payments in the 'Expense Management' section, maintaining accurate financial records.

Client Account Management
Manage client accounts and billing histories in the 'Client Management' module, easily accessing client information and billing preferences.

Financial Reporting and Analytics
Generate financial reports on revenue, expenses, and cash flow in the 'Financial Reporting' section, using analytics for informed business decisions.

Tax Calculations and Compliance
Automatically calculate taxes and ensure compliance with local tax regulations in the 'Tax Management' module, simplifying tax preparations and submissions.

Quote and Estimate Creation
Create and send quotes or estimates to potential clients in the 'Quotes and Estimates' section, converting estimates to invoices upon client approval.

Customizable Invoice Templates
Choose from various invoice templates or customize your own in the 'Template Customization' module, tailoring invoices to match your brand identity.

Multi-Currency and Language Support
Support multiple currencies and languages for global business operations in the 'Multi-Currency and Language' section.

Data Security and Backup
Ensure data security with encryption and regular backups in the 'Data Security' module, protecting sensitive financial information.

Billing Software Is Designed For:

Small Business Owners
Independent Contractors
Entrepreneurs
Service Providers
862,959
Clients served via DepositFix
$212,715,909
In revenue earned by DepositFix customers
821,118
Products and services sold via DepositFix

Billing Software for Small Business Companies: Top 5 Options

1. FreshBooks

FreshBooks is known for its intuitive interface and clear terminology. It offers scalable plans, with the higher-tier ones providing unlimited proposals and bank reconciliation features. If you want to use more advanced payment options, upgrade to the Plus plan and add the Advanced Payments feature. 

Even though transaction fees apply for FreshBooks payments, the company seamlessly integrates with other payment gateways such as PayPal. An excellent solution for self-employed people looking for invoicing software with accounting features. 

2. Zoho Invoice

This cloud-based invoicing solution is completely free and offers many features, like time tracking, project billing, and online payment acceptance. It allows users to easily handle item and customer information, generate quotes and credit notes, create personalized invoices, and track expenses. 

While being a billing software for small businesses, it also offers a client portal for simple customer interactions, generates reports that provide insights into financial performance, and integrates more than ten payment gateways. Yet, it restricts users to only having five customers per account. Then again, you can use 1,000 customizable invoices per year.

3. QuickBooks Online

Probably most well known, QuickBooks Online offers tipping options and recurring invoices and accept Venmo, ACH tracking, and card payments. Still, the Plus plan or higher provides better invoicing features, like incremental client payments and expense marking as billable. 

The company’s powerful reporting and transaction tracking with receipt photo matching and automatic mileage tracking via the mobile app is a standout feature. Although no free option is available and the plans are priced higher, the software integrates with numerous apps, including POS systems and payroll software. However, additional costs apply to automatic time-tracking software.

4. Xero

Xero is a billing software for small business with almost 4 million subscribers. It provides many solutions like payroll, core accounting, project management, and expenses. Its ecosystem includes apps and bank connections, which aid in financial management. It has compliance tools and practice management software that helps accounting practices. The platform’s key features include: 

  • business dashboards
  • automatic data entry
  • online billing
  • automated financial reporting
  • smart bank reconciliation

At the same time, there’s no free option, and cheaper plans have limits on invoices and bills. If you want to use advanced features, such as time tracking and mileage, you have to pay for the priciest plan. 

5. Square Invoices

Square Invoices is an amazing solution available for free or at a low cost. It suits in-person and online transactions and caters to many business types. It offers consistent processing rates, no matter which plan you choose. 

The company supports recurring billing and unlimited invoices, yet the paid plan offers extra features, like milestone-based invoicing and custom fields. Square Invoices seamlessly integrate with other Square products, facilitating point-of-sale options and inventory management.

Schedule a 30-minute consultation call with DepositFix team and see how you can improve your payment processes. You'll be surprised how much value you can get on this call.

Ready to streamline your payment operations?

Discover the hidden automation potential in your payment, billing and invoicing workflows. Talk to our experts for a free assessment!