When it comes to accounting and bookkeeping services, there are lots of choices available to businesses and freelancers today. Luckily, we are past the days where receipts had to be collected in thick files and folders and delivered to bookkeepers every month. There is no need for you to clog up your office space with those annoying file cabinets anymore. The explosion of cloud-based online invoicing software has made it immensely easy for businesses to handle their invoicing tasks from a single platform. There is a wide range of easy-to-use and inexpensive online applications that cater to varying business sizes. However, wading through the list of features and services offered by each can be a bit daunting, especially when you don’t know where to look.
What should you look for when choosing an online invoicing software? Listed below are the top questions you need to ask before making a decision:
How many invoices you need per month
Do some rough calculations and find out the invoices you need to generate per month on an average. This can vary according to season. You need to know the number of billable customers you have and you also need to consider growth in the long term before you make a decision regarding the invoicing software. Switching to another within a few months is going to be difficult if you don’t prepare ahead of time.
What is your budget
One of the most critical questions you need to consider pertains to your budget. There are numerous software solutions out there and each has a different pricing and payment plan. Setting a budget can aid you in eliminating some choices and provide you with a shortlist of the ones you should consider. There is no point in getting the cheapest or most expensive solution because the former may not meet your needs and the latter may comprise of features you have no use of.
Are there easily customizable templates
Customizable invoices are needed by a lot of businesses such as contractor invoice template and you want to ensure that the one you are considering offers you this freedom. You may need different invoices for different kinds of customers and you want the software to be able to assist you in this regard. This can also save time in the long run because you don’t have to come up with a template as ready-made ones are available.
Can you generate invoices in multiple currencies
When you have international clients and cater to a global market, you want an online invoicing solution that enables you to generate invoices in multiple currencies. You want customers to be able to see how much it will cost them in their own currency rather than yours as this is more convenient. Doing manual changes to invoices can be time-consuming and fraught with errors, which makes it better when you have a software that can do the job automatically.