Whether you are a startup, small business owner, or freelancer, you need a good invoicing software that simplifies your invoicing process, saves time and money. The most effective invoicing tools limit the time and effort required to record transactions between a business, easy to use, and accessible when on the go. The tools in this section offer single entry system-wide adjustment either when services are rendered to a client.

Harvest

Harvest is more than just an invoicing tool. The platform allows businesses to track and attribute time spent by teams or specific individuals to specific activities and clients, and automatically create an invoice to send to clients. The platform is integrated with PayPal and Stripe, and with some accounting platforms (QuickBooks Online and Xero). Additionally, using the mobile app for time tracking encourages accurate documentation of employee work hours while out-of-office This platform is ideal for teams working to provide online services on-site or remotely and bill according to time spent.

Practice Ignition

Much like Harvest, Practice Ignition is much more than just a billing tool, although its platform design is intended for a significantly different business model. Instead of on-boarding a client rendering certain services  and issuing an invoice, the workflow in Practice Ignition is initiated by a proposal created by a business. The client may make a payment upon acceptance, completion or recurring payments as services are delivered. This platform only works with direct debit, ACH or credit card payments.

FreshBooks

FreshBooks has similar functionality to the Harvest Platform. Although both have a free service tier, FreshBooks paid services are offered at a slightly higher subscription rate but have functions which are not included by Harvest. These include collaboration tools and workspace for teams working on the same project and a deadline management tool. Further and unlike Harvest, FreshBooks processes credit card payments.

In conclusion

Your selection of an online invoicing tools would purely depend on your business needs, processes, workflows, budget, and possibly 3rd party software integration. All these tools offer necessary features out of the box to manage your business.

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Curt Mastio
Post by Curt Mastio
May 29, 2024 10:43:55 AM
Curt Mastio started Founder’s CPA in 2017 and currently serves as the Managing Partner of the firm. After obtaining both his Bachelor’s and Master’s degrees in accounting from the University of Illinois in Urbana-Champaign Curt started his career in Big Four public accounting. Shortly thereafter Curt served as the Chief Financial Officer of Storage Squad began his stint as an Adjunct Instructor at Northwestern University’s Farley Center for Entrepreneurship and has been teaching Accounting & Finance to undergraduate students for 6+ years. In his current role Curt oversees strategy, operations, and business development at Founder’s CPA. Further, Curt has experience working directly with 200+ startups and small businesses providing accounting, tax, and outsourced CFO services. His industry expertise lies in the SaaS, Blockchain, Marketplace, and Fintech industries. He has served as a key advisor working directly with startups that range from pre-revenue to companies generating over $30 million dollars a year in revenue. Lastly, he serves a key role working directly with the firm’s clients that have collectively raised over $200 million in venture capital funding to date. Curt is also an active advisor, mentor, and investor in the startup ecosystem. He has facilitated numerous workshops, webinars, and presentations to incubators and other startup-centric organizations. He is also an active mentor for Techstars in both Chicago and Iowa. Outside of his daily professional duties Curt is actively involved with Beat the Streets Chicago and was a founding member of its Young Professionals Board. His efforts in both leadership and community involvement were recognized when he was awarded the Illinois CPA Society’s Outstanding Young Professional Leadership Award in 2020. He was also a panelist at their annual conference in 2022 where he spoke about his experiences starting and operating a public accounting firm. He maintains an active Certified Public Accountant designation that he obtained in 2014. Outside of work, Curt can be found spending time with his friends & family including his dog Rufus. His hobbies include golf, boating, cooking, reading, and attending sporting events & concerts.