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Streamlined Transactions: Leverage its multiple-approval model and two-factor authentication to minimize financial fraud possibilities.

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ItвЂ™s good for businesses and for professionals looking to try the software solution before making their final purchase.

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Xero offers excellent customer experience with a free trial. On top of that, it offers robust data security for all the shared invoices. It comes equipped with impressive features, including automatic reminders, customizable templates, and online payment options. Xero is an online invoicing software for businesses that works well from any location. QuickBooks invoicing software offers three simple pricing plans:

ItвЂ™s a bit more expensive than other invoicing options.

Efficiently consolidate multiple invoices in a single email to enable customers to make payments easily.

Get access to immersive reports through easy-to-read consumer tools.

Instantly send journal entries to the client with the required changes.

Clear the undeposited funds through a single screen.

Easily reclassify heaps of transaction data and rectify incorrect sales tax payments.

Start reconciliation instantly with all the accountant tools present in the Accountant Center.

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File Manager: Ensure version control, store client passwords securely, organize all the QuickBooks files of clients, and easily upgrade clientsвЂ™ business files in batches.

It also offers business-specific templates for efficient customization.

Automated Reporting: Easily customize reports, schedule in a calendar, and send them to different stakeholders.

Industry-Specific Solutions: It offers industry-specific accounting solutions to meet specific business requirements to expedite the process of integration with the native system.

Seamless Integration: With support for over 180 third-party integrations, it offers robust integration capabilities with your businessвЂ™ existing applications.

This tool is suitable for mid-sized businesses that are witnessing brisk growth. Want to see how Xero and Quickbooks stack up against one another? Check out my Xero vs Quickbooks comparison post.

Moreover, it ensures access to sales and customer management modules, allowing you to handle all the invoices in one place. QuickBooks is another popular invoicing software that efficiently consolidates your accounting data to help you monitor all the transactions efficiently. Get started by trying FreshBooks for free, cancel anytime. Its paid plans range from $15 to $50 per month based on its Lite, Plus, and Premium plans. DoesnвЂ™t allow you to access reports on the go.Not suitable for complex or larger businesses.Ensures seamless collaboration by giving selective access to files to different parties.Enables you to create invoices in multiple languages.Track the time of your team spent on a particular project through the timer.Allows you to write business proposals and estimates easily and enables clients to approve with a single click.Allows you to collect late fees automatically on an invoice.Chat with clients and team members on the go through mobile apps.Comes with an automated late payment tracking feature.

Allows you to easily add the expense tool to your bank account to track expenses.

It also provides intuitive reports with color-coding to save you from the headache of number crunching.

Financial Reports: It helps you gain easy access to all the crucial financial reports generated by Freshbooks on your dashboard.

Moreover, you can take pictures of receipts to create invoices on the go.

Mobile App: It comes with highly functional mobile applications to stay connected with clients and remote teams all the time.

Its redesigned dashboard offers excellent customization capabilities.

Simple User Interface: It comes with a modern user interface that promotes easy collaboration with the team members.

You can also easily add an expense component to any invoice as a part of reimbursement.

Tracking Expenses: Efficiently track expenses based on client requirements.

ItвЂ™s best for businesses that want the most capable tool and donвЂ™t want to spend a lot of time on invoicing. It also helps you keep track of your business finances through insightful reports that help you make smarter decisions. ItвЂ™s capable of doing a lot of automated tasks, including invoice reminders and collecting payment. FreshBooks.ДЇreshBooks is one of the most popular invoicing software tools on this list. Here are my top picks for the best invoicing software to use this year.