4 Best Invoicing Software for Contractors and Construction Companies [2023 Updated]

Homebuilders and construction contractors are those who really see the significance of implementing software solutions, especially when it comes to creating, sending out, and following up on invoices. Since they have many things on their plate, the best contractor invoicing software can really make invoice processing become more effective and, as a result, save a ton of time and money.

There is an abundance of options available out there that enable you to send out personalized invoices and get paid on time without losing track of the outstanding payments. To help you save time doing research for the best invoicing software for your construction company, we’ve listed the 4 best billing software you can take into consideration:

1. FreshBooks

2. QuickBooks Online

3. Bill.com

4. Xero

FreshBooks

FreshBooks is the leading financial and accounting market for many years with its hard-to-beat mix of superb features and affordable pricing. The software allows both experts and non-expert to turn complex invoice processing into a satisfying task.

• Even if you’re not familiar with billing software, with the support of FreshBooks, you can create professional-looking invoices at any time, complete with the name and logo of your brand.

• FreshBooks allows accepting credit cards, streamlining the billing process, and ensuring you get paid twice as fast.

• You can easily set up payment reminders and automation rules from the start.

• You can run FreshBooks everywhere at any time using your iOS or Android mobile device.

You can have all these sterling capabilities at the budget-friendly $4.5/month price (for the first three months). If you have more than five clients, you may consider negotiating with the vendor for other pricing plans.

QuickBooks Online

QuickBooks Online is considered a household name for accounting software. It offers a separate and free invoice generator, which does not require a subscription.

• This software allows you to create and customize an invoice for clients, then accept credit/debit cards, bank transfer payments, and even Apple Pay through the cloud-based payment portal.

• The software will automatically track these payments if you get paid through QuickBooks Payments. QuickBooks also alerts account holders when their customers view and pay an invoice.

• With QuickBooks Online, you’ll also be able to send recurring payments, as well as schedule when you’d like to send out your invoice (for subscription).

• The invoice progressing feature allows you to divide estimates into several invoices based on the project milestones and track how much has already been paid per project on different invoices.

• QuickBooks invoices are optimized for mobile, which means you can create them on your mobile device.

>> Step-by-Step Instructions for Invoice Progressing in QuickBooks

You can start with the Simple Start subscription. Remember, with the unique and advanced feature, you need to pay for The QuickBooks Advanced Subscription and the starting price is $100 per month for the first three months.

Bill.com

Bill.com products, powered by the latest in artificial intelligence, can make your life easier with a bund of powerful invoicing features.

• You can do all of your invoicing through Bill.com from simply online payments, custom invoicing services, unlimited document storage, workflow collaboration, and the ability to access the back office from anywhere via any mobile device.

• It offers end-to-end solutions that include vendor management as well as auto-reconciliation

• This is a great option to automate accounts payable, including electronic invoicing and a range of fund transfer capabilities.

• Bill.com also includes all aspects of accounts receivable. You can receive digital invoices from vendors and ensure rapid approval.

• The platform easily syncs with major accounting software such as QuickBooks, Sage, and Xero.

Xero

Xero has a strong reputation for billing software solutions for construction contractors. Xero offers a comprehensive feature set that simplifies all things payment.

• Xero streamlines essential workflows around billing, invoicing orders, and tracking

• You can accelerate the payment process with straightforward bank integration and online payment through multiple platforms like PayPal and Stripe.

You can start at just $25 per month, although more full-featured options cost $40 per month.