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Review: 3 financial tracking apps for busy contractors

Alyson Behr | May 23, 2016
It's important to keep track of your projects’ time, expenses and invoicing. Here are three apps that could help.

Finally, a $74/year Enterprise version offers unlimited invoices for up to five users, with the option to add more users for an additional fee.

Getting started

Creating an account was as simple as plugging in my email address and company name. Invoice2go immediately prompted me to choose one of six template styles for my invoices. I like that one of the design elements within the template styles includes several background images tailored to different types of work that an independent contractor might be involved in.

The user interface is fairly straightforward; however, it was slow and actually crashed at one point while I was generating an invoice. (I had better luck generating the second invoice.) Invoice2go initially opens a generic boilerplate invoice in which you drop in dates, terms and work billed for; you can also drop in receipts and time imported from Calendar2go, Statement2go and Receipts2go. Your chosen template style and design are applied after you save the file.

There are several things to like about Invoice2go. It gives you a way to invoice clients quickly and on the fly. You can generate estimates, purchase orders and credit memos from your phone, tablet or desktop. The app also provides reports on income and invoice status, so you can quickly see which of your clients are in good standing and which are deadbeats.

You can view the customization options and configure the app for your needs by using the Settings directory at the bottom of the vertical navigation menu. In addition to the document template and overall style selections, it supports several languages and forms of currency, depending on what country you reside in, and offers the option of adding a watermark.

Knowledge Base, FAQ and Help sections are helpful in answering questions if you need guidance. Data is synced every time the app is used -- provided you've saved by clicking on the Save button in the upper right-hand corner of the invoice you generated.

Bottom line

Invoice2go is a quick and efficient way to invoice clients and keep track of receivables. It doesn't have the accounting capabilities that QuickBooks Self-Employed does, nor does it integrate easily with other major accounting products. I'd like to see a time-tracking functionality in the basic startup package, a faster website and more user-friendly iOS mobile app, but overall it's worth taking a good look at.

At a Glance

Invoice2go

Price: Starter: $9/year (vendor price); Pro: $49/year (vendor price); Enterprise: $74/year (vendor price)

Pros: Reasonably priced; efficient way to create most key financial documents; good support documentation

Cons: Doesn't integrate easily with any major accounting software; no time-tracking feature

 

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