If you are a small business owner, freelancer, or self-employed individual, you know how hard it is to juggle financial responsibilities that come with your work. Being your own boss has a lot of benefits but it also has its downsides such as making sure that you stay on top of your financial obligations to keep your business afloat. There are some people who are lucky enough to have additional manpower to manage these things but what if you don’t?
Being a freelancer, one of the most important things that you should focus on is that you are getting paid correctly and on time by your clients. You don’t want delayed payments as this will only give you more problems in the future. This is just one of the reasons why invoicing is very important. Invoices serve as records of all your transactions with your clients, detailing the services rendered and their prices. If you encounter problems with a payment, you can always refer to your invoices.
However, creating customized invoices from scratch every time you need to get paid can be a hassle especially if you are working on other projects. Fortunately, there is a solution to this problem and that is through the use of invoice generator tools.
What is an invoice generation?
An invoice generator lets you create professional-looking invoices in just a matter of minutes. When you first use an invoice generator, you will be presented with a blank template where you can put important information such as the following:
- Business information
- Client information
- Invoice number
- Description of goods and services rendered
- Itemized fees
- Total amount due
- Payment information
While you can always choose pre-existing Word or Excel templates, you need to recreate them time and again with the same details. By using an invoice generator, you will be able to save time and effort. It will also organize all your invoices efficiently and accept online payments. You don’t even need to open old invoices to know how your business is faring. Online invoicing software will also let you give you an overview of your finances.
In order to understand how this tool works, we will look at two invoice generators that are available for use.
Invoice Creator is an easy to use invoice generator tool that lets you create and send invoices in just a few seconds anytime, anywhere. This tool is made by FreshBooks, a popular online accounting software, so you know that this is specifically designed for freelancers and self-employed individuals who wish to save time and effort.
Some of the features of Invoice Creator are:
- Customizable invoice templates
- Download and share invoices in PDF format
- Create invoices in 6 different languages (English, Spanish, French, German, Italian, and Portuguese)
- Change currency
- Voice recognition (Siri Shortcuts)
- Create unlimited invoices
- Free access to the tool and mobile app
As the name goes, Invoice Simple is an online invoice generator which lets you create professional-looking invoices and estimates instantly. Its features include:
- Customize invoice templates
- Create invoices in 5 different languages (English, French, German, Italian, Spanish, and Dutch)
- Download and send invoices in PDF format
- Change currency
However, you can only create three free invoices and after that, you need to pay a monthly fee of $5.99 to create and send unlimited invoices.
What invoice generator tool should I use?
While both of these online invoicing software tools share similar features, the Invoice Creator from FreshBooks is the better option for freelancers and self-employed individuals. With this tool, you can create and send unlimited invoices whenever you need it in just a matter of minutes. It also lets you set your business or brand apart from others by adding your logo and unique features to your invoices. If you are ready to automate your invoicing system and access more features, you can try FreshBooks free for 30 days.
Whether you prefer to solely use Invoice Creator or sign up for FreshBooks for full functionality, using an invoice generator will surely be a great help in making sure that you are on the right path for your business.