Xero is a global platform with a core accounting solution, payroll operations, and workforce management options. It’s a comprehensive accounting solution for small businesses across a wide range of industries that includes billing, invoicing, inventory, and project tracking among other features. NetSuite by Oracle is a cloud-based enterprise resource planning (ERP) solution with comprehensive accounting, payroll, and customer relationship management (CRM) features.

Wave Accounting’s Starter plan is free and its Pro plan, which includes more features, is $16 per month. Regardless of which you choose, you will have to pay processing fees to accept invoice payments online. Wave also offers paid products for payroll, coaching and mobile receipt scanning. PayPal Invoicing offers an invoicing solution for small businesses to receive payments via PayPal or cards. You can create and send invoices to clients using customizable templates, set up recurring invoices, send payment reminders, and track overdue payments with no PayPal account required.

PayPal Invoicing

If you’re a freelancer or other solo service provider, Wave is a better option. Before you commit to accounting software, it’s in your best interest to shop around and compare all your options. Unlike QuickBooks and FreshBooks, Wave Accounting is completely free to use. It can allow you to manage all your accounting processes without paying a dime.

Invoicing and billing software are not necessarily the same, though many options on the market incorporate both billing and invoicing capabilities. Billing is the process of generating a statement of charges incurred for products or services, while invoicing is a payment request made after products or services are delivered. Billing software typically incorporates invoicing, but invoicing software may refer specifically to a tool that generates invoices.

All payment information automatically syncs with the free Wave Accounting software included in your service, making accounting easy. Square also offers invoicing and online payments as part of its small-business solutions. Square features include creating and sending unlimited invoices, scheduling invoices for recurring payments, and even saving a card on file to charge automatically. Businesses can also send payment requests via SMS text messaging or sharable links to give customers the most convenient way to pay. Customers can make payments with credit card and ACH bank transfers, as well as Apple Pay and Google Pay.

This has led to some customers having their funds held or refunded. Wave recently reduced its fund holding time from 120 days to 30 days. These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one. FreshBooks has an excellent mobile app that allows you snap photos of receipts, send invoices and track mileage. For example, QuickBooks Online doesn’t have a free plan, but offers four paid plans, each with additional features, making it a great choice for scalability.

Run your business on-the-go

With the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave. Bill your repeat customers automatically with fully customizable scheduling. With our online payments feature, you can automate late payment reminders and let us be the bad guy. Add credit card payments to get paid faster and stop chasing customers with auto-reminders. Starting October 01, 2025, these businesses must integrate their e-invoicing systems with the FATOORA platform.

What is the cost of billing software?

The app has a good-not-great ranking – 3.4 stars out of 5 on the Google Play store and 4.5 stars out of 5 on the Apple App Store, with thousands of reviews for each. Unlike a majority of its competitors, Wave does not have a comprehensive mobile app. While it does offer a free iOS and Android app, the app is limited in the number of features and functions.

Sales

Taxpayers who do not fall within the first 22 waves of Phase 2 e-invoicing integration should monitor future announcements from the ZATCA on the integration timeline period applicable to them in subsequent waves. Taxpayers should comply with the Phase 2 requirements in line with the e-invoicing regulation to preclude possible penalties. The ZATCA will notify the affected taxpayers in preparation for linking and integrating their electronic invoicing systems with the ZATCA’s e-invoicing platform (Fatoora).

• Check out more of our invoicing tools that can help you run your business more efficiently.
• You can also receive unlimited income and expense tracking data, instant updates for invoicing, payroll and payments data and profit/loss reports.
• A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors.
• You can enjoy features such as unlimited income and expenses tracking, digital receipt upload and transaction management and access its invoice mobile app at no cost.
• They like the mobile app and dashboard features, along with the ability to make professional, branded invoices.
• Wave Payments is an online payment processing and invoicing software that lets businesses accept online payments, bill customers through email and keep track of income records.

The drawback of just offering one plan is that it limits room for growth. While other software solutions have a premium plan that provides advanced features for growing businesses, Wave does not provide more advanced accounting plan options outside of its one free plan. With invoice and billing software, your business can streamline processes with automated invoicing, automatic payment reminders, customizable invoices, and integrations with payment tracking software or payment gateways.

• Create and send professional invoices to your customers in seconds.
• Add a “Pay Now” button on invoices and you will automatically be able to receive Apple Pay, credit card payments and bank transfers.
• Customize invoice schedules for recurring customers and charge your clients’ cards automatically.
• The fact that it is free makes it a great option for those just starting out or those who want to keep their overhead as low as possible.
• You can also try out Wave Payroll, a paid service Wave offers for those who want to provide employee payroll through the platform as well.
• Includes tools that help automate the reconciliation process and auto-categorizes transactions for you in the Pro plan, but you can’t set up your own bank rules; no global search function.

2 See EY Global Tax Alert, Saudi Arabia announces second wave of Phase 2 e-invoicing integration, dated 28 December 2022. We are providing a quick summary of sequence of target groups and important timelines. Read our posting guidelinese to learn what content is prohibited. As Google.com is a trusted domain, Apple iMessage does not disable the link, so using the company’s open redirect makes it easier to trick unsuspecting users into clicking on the link by mistake. Wave includes a billing portal, so you can easily keep track of your revenue.

Your invoicing and payment information are connected to Wave’s accounting feature, helping you stay organized. Customize your invoices by choosing from a variety of templates. Then add your logo and company colors to make it look professional and personalized. Know at a glance what’s happening with every invoice so you can take the right actions and manage your cash flow best.

Create and send professional invoices to your customers in seconds. It’s easy to send your invoices created with Wave’s invoice generator. Simply enter your email address after completing the steps to generate an invoice and you’ll receive a PDF version of the invoice that can be sent to your customer. You can also download the PDF copy of your invoice to be printed out and mailed to customers. Create and send customized invoices, estimates, and receipts in seconds.

It is a user-friendly, intuitive platform even for those with no prior accounting experience. As a free service, it is a good option for freelancers, entrepreneurs and small business owners who would like to keep their overhead low. Businesses generally receive wave invoices their funds within two business days if a customer pays by credit card. ACH bank payments can take from two to seven days for funds to reach a business’s bank account.