Invoicing software tools can help your business in three major ways.

The first is reducing invoice processing time.  With a good invoicing software tool, you can generate invoices quickly (within minutes) and this ensures that you receive payments faster and maintain a healthy business cash flow.

The second is easy invoice tracking. Automated invoicing and reminders provided by an invoicing software tool make it easy for you to keep track of each invoice’s status (whether paid or unpaid) after they are sent out.

The third is the convenience of multi-currency payment options. Invoicing software with multicurrency features simplifies international payments by automatically converting amounts based on current exchange rates, eliminating the guesswork, and reducing the risk of errors. This ensures that your receivables and payments are accurate and timely regardless of where you or your partners are based.

The best invoicing software tools offer these benefits and more, with features that help you streamline your invoicing process, get paid faster and improve cash flow.  

The 7 best invoicing software tools in 2024

Yala

Topping the list is Yala, a B2B cross-border payment platform designed to streamline and simplify the financial operations of businesses engaged in international trade. yala offers a suite of features that make invoicing and payment collection seamless and effective. These features include global invoicing and invoice collection, account receivable management, international payment, and payment links. 

Key Features

• Quick and Easy Invoice Creation

With Yala, you can say goodbye to slow, painstaking manual invoicing. Yala makes it easy to create and send polished invoices in minutes. Using Yala’s invoicing tool allows you to select from a library of professionally designed templates (and an option to add your logo) to create a cohesive look and create invoices that align with your business.

• Offer Your Customers Flexible Payment Options

Choose from a variety of payment methods, including type of currency, to accommodate the recipients’ preferences. Yala’s simple-use payment portal ensures a seamless checkout experience.

• Increase Your Cash Flow

Yala ensures your invoices are paid on time, every time. When clients or customers make payment through a Yala invoice, you enjoy direct deposit into your bank account for swift access to your funds.

• Real-Time Invoice Tracking:

Know the status of your invoices at a glance. With real-time email notifications and our detailed invoice tracker, you’ll always be in control. and stay informed with detailed invoice insights.

• Invoice Collection

Receive payments in your customer’s local currency. Reduce the time involved in issuing, tracking, collecting, and reconciling invoices across multiple emerging markets and currencies. With Yala, you can manage settlements efficiently and ensure compliance – all in one platform.

• Automate Recurring Invoices

Yala allows you to automate recurring invoices with an automated system so you never miss a payment again

• Payment Reminders

Send timely payment reminders, freeing you up to focus on growing your business.

With Yala’s invoice, you can enjoy quick and easy invoice creation, automated payment reminders, real-time payment tracking, secure online payments and customizable invoice templates

Experience the ease and efficiency of Yala and watch your cash flow improve!

2. FreshBooks

FreshBooks is suitable for small to mid-sized global businesses. Known for its user-friendly interface, FreshBooks supports multiple currencies and integrates with over 100 apps, making it a versatile option for businesses dealing with international clients. The software also offers features like time tracking, expense management, and automated payment reminders.

Key Features:

• Multi-currency support
• Automated late payment reminders
• Time tracking and project management tools

3. Xero

Xero is another robust choice for businesses operating on a global scale. It offers multi-currency accounting, invoicing, and billing services, allowing you to send and receive payments in any currency.

Key Features:

• Multi-currency invoicing and accounting
• Integration with 800+ third-party apps
• Real-time financial reporting

4. Zoho Invoice

Zoho Invoice is an affordable option for global businesses, particularly those already using Zoho’s suite of business tools. It offers multi-currency invoicing, tax compliance, and integration with popular payment gateways like PayPal and Stripe. Zoho Invoice also allows you to automate recurring invoices, making it easier to manage long-term client relationships.

Key Features:

• Multi-currency support and tax compliance
• Integration with major payment gateways
• Automated recurring invoicing

5. QuickBooks

QuickBooks is a popular choice for global businesses due to its extensive features and integration capabilities. It supports multi-currency transactions and allows businesses to manage invoices, track expenses, and generate financial reports from a single platform. QuickBooks also integrates seamlessly with other QuickBooks products, making it a comprehensive solution for larger enterprises.

Key Features:

• Multi-currency transaction support
• Integration with QuickBooks ecosystem
• Comprehensive financial reporting

6. Invoicely

Invoicely is designed for freelancers and small businesses with global clientele. The platform supports multiple currencies and offers customizable invoice templates, making it easier to maintain a consistent brand image. Invoicely also includes time tracking and expense management features, making it a comprehensive tool for managing international projects.

Key Features

• Multi-currency invoicing
• Customizable invoice templates
• Time tracking and expense management

7. Bill

Bill is a great choice for businesses looking to automate their invoicing and payment processes. It supports multi-currency payments and integrates with popular accounting software like QuickBooks and Xero. Bill.com also offers advanced security features, ensuring that your international transactions are safe and compliant.

Key Features

• Multi-currency payments
• Integration with QuickBooks and Xero
• Advanced security and compliance features.

Choosing the right invoicing software is crucial for the smooth operation of your global business. Each of these tools offers unique features designed to help you manage your invoices, payments, and financial reporting with ease. Whether you’re a freelancer or a large enterprise, there’s an invoicing software on this list that can meet your global business needs in 2024.