ONLINE INVOICING

12/19/2011

DEVINO

ONLINE INVOICING

Cloud based billing applications review |By Vinoth

Contents ONLINE INVOICING

3

Cloud applications

3

Invoicing applications

3

FRESHBOOK

4

ZOHO INVOICE

4

PRICING PLANS

5

Free -

5

Standard $ 15 / Month

5

Premium $ 25 / Month

5

Elite $ 35 / Month

5

FINAL SUGGESTION

6

2

ONLINE INVOICING Now the business people moving towards cloud applications. Out of all cloud applications, invoicing is the major requirement for business as it involves the money to be received. It will be useful for all small and medium business enterprises and for freelancers.

Cloud applications When you like to start business instantly without any manpower and want to track business, then many cloud applications are there to help you. You can plan your work, manage customer relationship, billing and accounting and even reporting. This all services can be done through cloud applications which are free and payable as per user requirement or volume. The payment will be very less when compare to hardware and software, manpower and maintenance. The main thing is you have to COME OUT OF TRADITIONAL THOUGHT OF BUSINESS. You donâ&#x20AC;&#x2122;t need any place of business or office. Yes it is true. No body required for you to your business. Just for an example if you are a rubber stamp vendor, just make a website and reach customer directly. Get orders online and dispatch stamps to customers through post. Get payments online. Even you can work from home. But do business as business. I have taken invoicing applications for review

Invoicing applications Though, various online options are there, I have selected Freshbook and Zoho invoice for comparision.First Introduction about both.

3

FRESHBOOK FreshBooks helps you send and manage invoices online. You'll actually enjoy invoicing Invoicing online is so easy, you'll send your invoices sooner and clients will pay you quicker. Bill 300K or less? FreshBooks is your accounting system. Bill more? Use our accounting integrations. Accept payments online with Credit cards, e-Checks or PayPal. And with automated payment reminders, you won't have to nudge your clients to pay you It's so easy to track your time, that you'll track more of it. You and your staff can track hours on a computer or mobile device. Brand your system and invoices with your company's logo and colors. You'll get compliments on your billing system!

ZOHO INVOICE

WHY ZOHO INVOICE? Zoho Invoice is an easy-to-use online invoicing software with time tracking that helps you send invoices for your projects and customer expenses, receive payments and track the overall health of your business quickly and efficiently. It makes invoicing and following-up really easy - reducing the time it takes you to manage the paperwork and get paid, so you can remain focused on your customers and your business. Manage Invoices Online Create, track and export your invoices online. Automate recurring invoices and design your own invoice using our invoice template and brand it with your business logo. Track Expenses Get an accurate picture of your financial position by recording expenses. Invoice the reimbursable expenses such as travel to your clients and get them reimbursed. Project Time Tracking Manage time sheet entries online. Log staff hours, add tasks for a project and start tracking time using our timer. View time sheet breakdown by project, by task or by staff. Maintain Business Contacts Seamlessly maintain all your business contacts. Import/export your contacts and contact persons. Track the invoice e-mails you have sent to your contacts. Transact Globally Zoho Invoice has multi-currency and multi-lingual capabilities. Create and send invoices/estimates to your clients in their native currency and language. Accept Payments Online Receive online payments from your clients using popular gateways like Paypal. Track customer over-payments and advances by creating credit notes. 4

Dashboards And Reports Gain critical insights into how your business is doing. See what sells most, who are your top paying customers and the average time your customers take to pay. Invite, Share And Collaborate Invite users and share your workload as Zoho Invoice supports multiple users with different permissions. It helps your business to be more productive and efficient.

PRICING PLANS

FRESHBOOKS

Choose Your Plan

Seedling $19.95 /mth

Evergreen $29.95 /mth

Mighty Oak $39.95 /mth

Select

# of clients you can manage

25

Unlimited

Additional staff who can access your account

n/a

1 ($10 each additional)

# of invoices you can send

Unlimited

# of contractors that can track time and invoice you

Unlimited

Unbranded emails Project Managers, Expense Reporting

Team

Timesheets,

Team

ZOHO

-

Standard $ 15 / Month

Premium $ 25 / Month

Elite $ 35 / Month

Try Now

5

150

500

1500

Number of customers

Unlimited

Number of users

1 User

2 Users

3 Users

4 Users

Number of Projects

1

Unlimited

Free

Invoices/estimates month

per

5

Accept online payments

Track expenses

Branding estimates

of

invoices &

Predefined templates layout customization

&

Multi currency & multi language support Save invoices & estimates as PDF Invoice tracking & overdue reminders

Recurring invoices

User friendly reports

SSL encryption, security & backup

data

Customer support

Remove Zoho logo from outgoing emails

☻

FINAL SUGGESTION For individual owned business whose customers are localized can use Zoho invoice at a cheaper cost of USD 15 per month. For online receipts and making international customer invoice, I think freshbooks is optimum. As per the price structure, one can choose Zoho. Feature wise both are same. For easy usage Zoho is preferable. Fresh books give unlimited invoices which is basic requirement in invoicing. So, Freshbooks preferred for unlimited invoices. Based on the business model, one can choose the respective applications. 6

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