5 best invoicing software for small businesses in Nigeria

5 Best Invoicing Software For Small Businesses In Nigeria

Most small business entrepreneurs find it hard to keep track of cash inflow effectively. Keeping a record of their finances became a tug of war to them.

But the current use of technology has made accountability an easy process. This technology developed is invoice software. People now use invoice software for their small businesses to make things easier for them and for businesses to run smoothly.

The invoice software consists of a list containing different products or services with their prices attached to each of them. The total amount of the goods or services are given through the invoice for the customer to pay.

This invoice generated by the software can be delivered through your email or any form of delivery. Moreover, there are many invoice software developed for your use. But in this article, you are concentrated on the top 5 invoice software for small businesses in Nigeria.

But before we start, you have to know the importance of invoice software

Importance of invoice software to small businesses in Nigeria

  1. It helps the business owner to keep track of the cash that enters the business.
  2. Making use of the best invoice software could make you win back your valuable time.
  3. Invoice payment also makes it easier for the customers as there would be a faster payment.
  4. Invoices customized your brand and business and keeps your clients glued to you.

Flutterwave

The flutterwave invoice software helps to manage expenses. It makes keeping financial records easy as it keeps track of every payment from your flutterwave dashboard.

Another iconic feature of flutterwave is that it can accept payment from any country with different currencies. In other words, you can expand your business by selling worldwide with flutterwave. It sends invoices in multiple currencies such as Naira, USD, GDP, Euro, Yuan.

It makes easy sales and reminds your customers of their payment due through automated reminders. The flutterwave transaction is safe and highly secured.

Pros

  • It gives out a well-designed invoice to your customers
  • It is easy to use, and you can set it up for free
  • It accepts payment from different countries with different currencies
  • It helps you control your expenses by providing you with the details of your transactions.
  • You can make use of a debit card or account transfer transaction

Cons

  • Users have to add bank details to pay for goods and services instead of a one-click payment feature.
  • Sometimes, people experience technical problems with the software, such as issuer errors, system upgrades, network failures.

Invoice NG

Just another invoice software that keeps customers coming back to you. It is easy online invoice software for small businesses. Users can easily create customized invoices and receive their payments as soon as possible.

Not only that, but it also keeps track of invoices paid or kept pending. It sends an automated payment reminder to your clients when due. This offer gives you more control and helps to manage your business effectively.

Pros

  • It renders customized professional invoices to your customers
  • It keeps track of your pending payment
  • It makes acceptance of fees from your clients much easier for you
  • It can easily be accessed on any technology platform such as mobile phones, laptops, desktops, etc.
  • You are not subscribing to any monthly plan because the offer is free.

Cons

FreshBooks

FreshBooks is regarded as one of the best invoicing software for any size of your business because of its easy accessibility. It is very affordable and has a suitable method of payment process.

It can also keep track of every transaction made. It comes with a bevy of accounting tools and services. You can generate a customized invoice containing options of recurring invoicing and auto payment.

Your customers can make payments with their credit card or through ACH making the process for you and your customers. You can access this invoice software with your desktop, laptop, and mobile phone.

However, some users complain that there are features in the desktop version not in the mobile apps. Nonetheless, FreshBooks integrates with a third-party app such as Salesform, zoom, Spotify, Gusto.

The invoicing software offers a 30-day free trial which after you can upgrade to any of these plans;

  • Lite: $15 per month for at most five billable customers
  • Plus: $25 per month for 6-50 billable customers
  • Premium: $50 per month for 51-500 billable clients

Pros

  • It works with over 100 apps
  • It recurs invoice and auto payment
  • It keeps track of every transaction made

Cons

  • Limited features in the mobile app
  • The template customization is not sufficient enough for the work
  • It is quite expensive

Square

As a small business owner who needs invoice software to manage and keep a streamlined payment process, the square app is the right software for you. It has the distinction of managing both your online and point-of-sale purchases.

The Square can also be used by business owners to centralize their payment, and invoice needs. You can create and send your customized invoice with square. You can also schedule recurring payments and track pending payments.

Square can only charge you when invoice payment is made. Each invoice is equal 2.9 percent plus a $0.30 fee.

Pros

  • It could track your real-time invoice
  • It has a one-click payment for customers
  • You don’t have to subscribe to any monthly plan

Cons

  • The invoice customization is limited
  • Since it charges based on each invoice paid, the charge may rise

Zoho

Zoho is a stand-alone invoicing application that gives you customizable invoicing and payment services. It provides varieties of business services to help you with details of your sales and marketing finances.

Zoho is also used to automate common and invoicing. You can set up recurring invoicing and automatic payment. The application software can also allow you to arrange workflow scenarios that could lead to email alerts, field updates, and in-app notifications.

It offers both free and subscribable plans. They are;

  • For free, an unlimited invoicing of up to five clients and dive automated workflows
  • $9 per month for the basic plan of unlimited invoicing to up to 50 and five automated workflows
  • The standard plan at $19 per month is for up to 500 and offers 10 automated workflows
  • A professional plan at $29 per month is for unlimited client invoicing and 10 automated workflows.

Pros

  • You can create recurring invoices and automated payments
  • The invoice generated can accept multiple currencies.

Cons

  • The custom automation still requires some developer skill
  • Its highest automation is 10 workflows
  • Its free is only limited to 5 clients

Conclusion

To grow your small business in Nigeria, you can use any of the above-mentioned invoice software to help keep track of your business and its transaction. Especially if you did not attend finance school.

Keeping eye on the growth of your business, accepting payment of different currencies in different countries could be achieved with any of these invoices. Taking a better chance for the growth of your business is the best decision you can make.

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