Listen up, freelancers! Getting paid for your hard work as a freelancer is the BEST feeling in the world. You deserve payment if you work as a freelancer in any creative field, be it writing, photography, or web design. Invoices are the standard method of payment for freelancers, and they should detail the work done, who it was done for, and how much it cost.
Nevertheless, we all have to agree that invoices are more than just paperwork that demands payment from the recipient.
But, you should also know that it might be difficult to maintain track of your finances when you do freelance work because your projects and clients are ever-changing.
Freelancers absolutely need invoices as a way to track their earnings and expenses, and they benefit from well-organized invoices in more ways than one at tax time.
Oh, and forget about needing an accountant to keep track of them. All you need is good ol’ invoicing software.
Why do you need an invoicing software?
Traditional invoice tracking templates made in Word or Excel are reliable, sure, but need manual data entry. And we can all pretty much agree that time wasted here could be put to better use working (and billing) clients.
Awesomely enough, getting paid for your freelancing work is a breeze when you use invoicing software because you can keep track of all of your contracts and payments in one convenient location.
But wait, there’s more! Automated invoicing and tax calculations are two additional awesome perks of using an invoicing program. The basic information, such as your address, company name, payment due date, etc., can be pre-filled for you in many software applications’ freelance invoice templates, saving you time.
Invoice software can often be set up to automatically generate tax reports, which may be a huge time-saver when it comes to making quarterly and annual tax payments.
With this type of software, we want you to avoid the stress of sending late reminder emails or sending inaccurate bills by automating the process ASAP!
How to choose the right one?
Having invoicing software can make all the difference in the world, freelancers, but it’s also important to know what type of software you choose. but no one is rushing you to decide right now!
Luckily, we’ll offer you a couple of tips so you can make the right decision! Let’s just dive right into it, shall we?
Firstly, you should look for billing software that has the functionality you require, such as invoice templates that can be customized, tracking methods for payments, and control of expenses. Think about which functions are the most essential for your company, and check to see that the program you chose has those features.
Choose an invoicing app that’s pretty much a piece of cake to use. You don’t want to squander time figuring out how to use the software, so opt for an application that has an easy-to-understand user interface and won’t need a lot of training to understand its usage.
There is a wide range of costs associated with invoicing software, from freemium to premium. First, you need to decide how much you can spend on software. Now the word “free” might tickle our fancy, but a free program may lack some of the functionality you require. So, no matter how tedious you find research to be, you need it! It’s the only way you’ll be able to land on amazing invoicing software.
The list sure is getting bigger and bigger, right? But all of these tips can HELP you not waste your time!
So, think about whether you’ll need the freelance invoice software to work with other programs, like your accounting or project management ones. Check to see if the software you’re considering has integrations with other programs you already use.
Whether it’s live chat, phone, or email assistance, you want your invoicing app to have solid customer service options. Freelancers know that the customer is always right! Customers feel appreciated and heard when they can reach out to customer service for whatever issue they might have.
So, this will be useful information if you have any inquiries or problems relating to the software as well.
If you need to send invoices while you’re on the road, look for an invoicing app that also has a mobile app. If you have a smartphone or tablet, you can use this feature to submit invoices even when you’re not near a computer.
The right invoicing software may make or break your ability to run your freelance business successfully, so it’s important to keep these things in mind while you shop around for one.