The 4 Best Invoicing Softwares for Small Businesses in Canada

With so many options available in the market, selecting the best fit for your Canadian small business can feel overwhelming. That’s why we’ve done the research and compiled a list of the top 4 invoicing software for small businesses in Canada.

1. QuickBooks

QuickBooks Online has a user-friendly interface that makes it another popular option. With its platform, you can create and send invoices to clients, track expenses and generate financial reports. QuickBooks pricing plan starts at $12 per month, with a 30-day free trial. Plans ramp up to $24 to $70 per month, depending on what you need.

Its features go far beyond invoicing. You can automate payroll, payments and bill management while tracking expenses, time and mileage. You can even scan receipts and create estimates.?

Customers can pay their invoices online via credit cards, PayPal, Interac e-Transfer , wire transfer or Wise . You can also reconcile transactions with your Canadian bank account and even with your Wise account.

2. Wave?

Wave offers a free invoicing software package to small business owners. It allows you to customize invoices and create recurring invoices. Additionally, Wave offers a range of features, such as expense tracking and financial reporting.

While invoicing comes free, users pay 1% on bank payments and 2.9% to 3.4% on credit-card transactions, plus 60 cents. You can also opt in for $25 monthly payroll (plus $6 per employee or contractor). For extra support, expect to pay $149 per month and $379 per month for accounting advice or coaching.?

When they receive their bills, customers can pay with credit cards, ApplePay or via wire transfers. For reconciliation, you need to manually compare your Wave account with your bank statement and make corrections if needed.

3. FreshBooks

FreshBooks suits small business owners, freelancers, and entrepreneurs with its easy-to-use software package. You can customize invoices and automate the invoicing process, while tracking expenses and managing your finances via your Canadian account.?

By centralizing all financials all in one place, you can more easily manage margins and cash flow. That way, you’ll know when to hire staff and plan for the future growth. FreshBooks’ automated “business health reports” lay out your financial story in black and white. It’s designed to work for freelancers, accountants, self-employed professionals and businesses who pay employees and contractors.?

FreshBooks’ pricing plan starts at $11 per month with a 30-day free trial. It accepts online payments from major credit cards and Apple Pay, through FreshBooks Payments or Stripe. However, you can only reconcile transactions if the currency matches the one you use for your connected bank account.

4. Xero?

Xero’s cloud-based accounting software package allows you to create invoices and accept payments online. It suits small businesses looking for an all-in-one accounting solution. Xero pricing starts with the Starter Plan at $18 per month after a 30-day free trial. It also offers a standard plan for growing small businesses $45 and professional level for $59 for established enterprises. Based in New Zealand, this cloud-based accounting software for small and medium-sized businesses connects to Canadian Wise accounts. Due to its design, you can collaborate with other staff anywhere in real time.

You can set up bank feeds from your accounts so funds import securely into the Xero accounting system every business day. As a result, you can reconcile your bank transactions daily and see an up-to-date picture of your cash flow. Payments arrive via debit card, credit card, direct debit, Google Pay and Apple Pay.

This article is the shortened version of an article originally published on Hardbacon.ca by Arthur Dubois under the title Top 10 Invoicing Softwares for Small Businesses in Canada .