Square Invoices vs Invoiced
Last Updated:Our analysts compared Square Invoices vs Invoiced based on data from our 400+ point analysis of Invoicing Software, user reviews and our own crowdsourced data from our free software selection platform.
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- Streamlined Payment Process: Square Invoices simplifies the payment process by allowing clients to pay directly through the invoice, reducing the time spent on follow-ups and improving cash flow.
- Automated Reminders: Set up automatic reminders for unpaid invoices, ensuring timely payments without the need for manual tracking or awkward conversations.
- Customizable Templates: Create professional-looking invoices that reflect your brand identity with customizable templates, enhancing your business's credibility and professionalism.
- Real-Time Tracking: Monitor the status of your invoices in real-time, providing you with up-to-date information on which invoices have been viewed, paid, or are overdue.
- Seamless Integration: Integrate with other Square tools and third-party applications, allowing for a cohesive workflow that saves time and reduces errors.
- Mobile Accessibility: Manage your invoicing on-the-go with the Square Invoices mobile app, ensuring you can send, track, and manage invoices from anywhere.
- Secure Transactions: Benefit from Square's robust security measures, ensuring that all transactions are protected against fraud and data breaches.
- Flexible Payment Options: Offer clients multiple payment options, including credit cards, ACH bank transfers, and more, increasing the likelihood of prompt payments.
- Detailed Reporting: Access comprehensive reports that provide insights into your invoicing and payment trends, helping you make informed business decisions.
- No Monthly Fees: Pay only when you get paid, as Square Invoices charges a transaction fee per payment, making it a cost-effective solution for businesses of all sizes.
- Client Management: Store and manage client information within the platform, streamlining the process of sending repeat invoices and maintaining client relationships.
- Multi-Currency Support: Send invoices in different currencies, catering to international clients and expanding your business's global reach.
- Recurring Invoices: Set up recurring invoices for regular clients, automating the billing process and ensuring consistent revenue streams.
- Instant Notifications: Receive instant notifications when an invoice is viewed or paid, keeping you informed and allowing for prompt follow-up if necessary.
- Discount and Tax Management: Easily apply discounts and taxes to invoices, ensuring accurate billing and compliance with local regulations.
- Streamline Business Process: Automated billing, online access, recurring billing and other features ensure faster payments. Enrich customer experience with a frictionless portal. Put the account receivables on autopilot mode with tracking tools, reminders and illimitable communication.
- Control Billing: Get complete control over the billing system with line-item details, multi-currency capabilities, invoice consolidation and more. Gain perspective by keeping a bird’s eye view of goals, the performance of sales and customer service representatives and which tasks are overdue.
- Save Time and Money: Accomplish more in less time by replacing manual processes with automated accounts payable systems. Automate repetitive and mundane tasks and spend less time on collection and more on tasks that add value. Run up-to-date aging reports, reach out to more customers and boost cash flow.
- Standardize the Process: Remove guesswork and anxiety associated with the collection of money. Ensure that everybody in the organization is on the same page and updated with the customer’s payment status. Document all information collected by employees through direct customer communication with a standard AR system
- Streamline the Payment Process: Manage finances better and help clients manage bills through automation. Support overall customer service efforts, build better trust in services and boost customer retention and growth.
- Customizable Templates: Tailor invoice templates to match your brand by adjusting colors, logos, and fields.
- Automated Reminders: Set up automatic reminders to notify clients of upcoming or overdue payments, reducing manual follow-up.
- Recurring Invoices: Schedule invoices to be sent automatically at regular intervals, perfect for subscription-based services.
- Multi-Channel Delivery: Send invoices via email or text message, providing flexibility in how clients receive their bills.
- Real-Time Tracking: Monitor invoice status with real-time updates, knowing when an invoice is viewed or paid.
- Integrated Payment Options: Allow clients to pay directly through the invoice using credit cards, ACH transfers, or other payment methods.
- Mobile Accessibility: Create, send, and manage invoices from any device using the Square Invoices app, ensuring business continuity on the go.
- Detailed Reporting: Access comprehensive reports on invoice performance, helping you analyze payment trends and outstanding balances.
- Secure Transactions: Benefit from Square's robust security measures, ensuring that all payment data is encrypted and protected.
- Client Management: Store and manage client information within the platform, streamlining the invoicing process for repeat customers.
- Discount and Tax Management: Easily apply discounts and taxes to invoices, ensuring accurate billing and compliance with tax regulations.
- Multi-Currency Support: Issue invoices in different currencies, accommodating international clients and expanding your business reach.
- Custom Fields: Add custom fields to invoices to capture additional information specific to your business needs.
- Partial Payments: Allow clients to make partial payments on invoices, providing flexibility in payment terms.
- Instant Estimates: Convert estimates into invoices with a single click, streamlining the transition from proposal to payment.
- Subscription Billing: Make invoicing and collection easy with the subscription billing process built directly into the platform. Get the freedom to customize the pricing model. Establish and maintain financial stability by generating consistent revenue from products and services.
- Dunning Management: Ensure that the client is notified of any delays to payments with the dunning system. Send alerts when the money doesn’t go through or gets halted. Save time spent chasing down customers with built-in autopay and reminder tools.
- Invoiced Payment: Seamlessly integrate payment processing with the Chase partnership with easy set-up. Accept online payments in minutes. Offer secure gateways so clients can leverage same-day deposits. Reduce overall PCI-compliance overhead with this PCI Level 1 Service Provider.
- Invoice to Cash: Make online payments simple and fast. Boost accountability and keep the revenue stream flowing. Decrease the time to cash by combining online payments with a range of billing formats. Put the collection and payment process on autopilot with automated invoice chasing and dunning management.
- Installment Plans: Meet the customers at an affordable price point. Give customers the freedom to create individual installment plans. Request a deposit and then start the project with incremental payments. Spend less time collecting and checking invoices and more time on value-added tasks like boosting sales and enriching the customer experience.
- Customer Payment Portal: Keep track of balances, manage subscriptions, provide an online gateway to pay bills and ensure customer satisfaction while boosting visibility. Enable autopay for payment plans in an easy-to-use interface. Build trust at every point of communication, including invoicing with the white-labeled solution.
- Cash Application: Automatically update and organize payments. Match payments with invoices and balances using cash application software. Customize and configure cash applications with rules. Automate opening, scanning, depositing and matching of the invoices.
Product Ranking
#3
among all
Invoicing Software
#5
among all
Invoicing Software
Analyst Rating Summary
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User Sentiment Summary
151 reviews
274 reviews
Square Invoices has a 'excellent' User Satisfaction Rating of 92% when considering 151 user reviews from 2 recognized software review sites.
Invoiced has a 'excellent' User Satisfaction Rating of 94% when considering 274 user reviews from 2 recognized software review sites.
Awards
Square Invoices stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.
Invoiced stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.
Synopsis of User Ratings and Reviews
Is Square Invoices on the level when it comes to invoicing solutions? User reviews from the last year reveal a bit of a mixed bag, with some users singing its praises while others point out its shortcomings. Many users, especially those new to invoicing software or running smaller operations, find Square Invoices incredibly user-friendly. One user even compared the process to sending a text message, stating, "All you do is put in the customer's name and email, and the dollar amount, and then you can either email it to them, or even more conveniently you can copy a link to the invoice and text that to them." This straightforward approach is a major selling point for busy freelancers and small business owners who value efficiency. However, the simplicity that some users love is also a double-edged sword. Several users have expressed frustration with the limited customization options, particularly in the free version. While the paid "Plus" plan offers more flexibility, the $20 monthly fee is a sticking point for some, especially when compared to competitors like FreshBooks, which offer similar features at a lower cost. Another common gripe is the mandatory use of Square for payment processing, which can lead to significant fees for businesses with high transaction volumes. For example, a business processing $30,000 in invoices would incur fees of $870, which could significantly impact profitability. In essence, Square Invoices is like a reliable but basic toolbox – perfect for simple tasks but ill-equipped for more complex projects. It's a great fit for small businesses and freelancers already entrenched in the Square ecosystem, especially those who prioritize ease of use and seamless integration. However, businesses seeking advanced customization, lower processing fees, or robust reporting features might want to explore other options. It's like choosing between a basic wrench set and a professional toolkit – the best choice depends on the job at hand.
Invoiced has garnered a reputation as a reliable solution for businesses seeking to streamline their financial operations. Users frequently highlight its user-friendly interface and comprehensive features, such as invoice generation, payment tracking, and expense management, as major advantages. The software's seamless integration with popular business applications like QuickBooks and Salesforce further enhances its appeal, allowing for efficient data synchronization and workflow optimization. However, no software is without its drawbacks, and Invoiced is no exception. Some users have expressed concerns regarding its cost, which can be a significant factor for smaller businesses or startups operating on tight budgets. Additionally, there have been reports of occasional responsiveness issues with customer support, which can be frustrating for users seeking timely assistance. Despite these shortcomings, Invoiced remains a compelling option for businesses of all sizes due to its robust feature set and ease of use. Its ability to automate tasks and provide real-time financial insights can significantly improve efficiency and decision-making. For businesses prioritizing a user-friendly and feature-rich accounting solution and willing to invest in a premium product, Invoiced is definitely worth considering.
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