Invoice software allows businesses to manage, create, and print quotes, purchase orders, invoices, and other billing related reports and documents. There are many stand alone products on the market, but both small and large businesses are better off to buy a financial package that provides invoices software integrated with accounts receivable, Inventory software and other office and financial software programs.
Stand alone invoice packages are generally used by small business that need to be able to quickly generate professional invoices and other billing related documents. It is still important for them to be able to link this software to their accounting programs, or at least be able to print reports to provide to their accountants if they use an outside accounting service.
Stand alone products include:
- Quick Invoice
- Invoice! 2002
- Invoice2Go
Financial software products (including invoice components) that are designed for small business include:
- Quickbooks
- Peachtree
- MS Small Business Financials
- Everest Advanced
Large businesses generally select an ERP or Enterprise solution that integrates financial software packages (including software for invoices) with all major business software components.
Products include:
- Microsoft Great Plains or Navision
- Microsoft Axapta
- SAP Business One
- mySAP All-in-One
- Epicore Vista or Enterprise
- Everest Advanced
Selection Criteria:
- Should be an integrated part of your businesses complete financial system
- Specialty need – does your business have non-standard invoicing needs – some industries are very unique, and need a vertical market solution
- Ease of use and training
- System resources: Not usually an issue, but sometimes small business environments are on over-taxed hardware already.