Best Accounts Receivable Software
Compare different accounts receivable software solutions, explore our in-depth reviews & informative articles, and choose the best accounts receivable software solution for you.
Last updated: July 2025
30-Days Free Trial
- 7 million customers worldwide
- Safe & Secure
- Save an average of $2,100+ per year
- Multiple plans at affordable rates
- Live chat customer support/Fast response
- Integrates well with other systems and flexible with 3rd party applications
- Provides good accounting reports
- Lack of key reports outside of accounting
- Each plan limits the number of users
- Manual data pull is limited to documents uploaded through QuickBooks app (no desktop support)
30-Days Free Trial
- 7 million customers worldwide
- Safe & Secure
- Save an average of $2,100+ per year
- Multiple plans at affordable rates
- Live chat customer support/Fast response
- Integrates well with other systems and flexible with 3rd party applications
- Provides good accounting reports
- Lack of key reports outside of accounting
- Each plan limits the number of users
- Manual data pull is limited to documents uploaded through QuickBooks app (no desktop support)
30-Days Free Trial
- Accounting software for small businesses
- Award-winning customer service
- Seamless integration & user-friendly
- Intuitive design
- Simple to use
- Relatively affordable for smaller businesses
- Could be expensive for large teams (adding a team member is an extra $10/mo)
- Lower tier plans limit how many team members can be added
- Not possible to merge duplicate contacts
30-Days Free Trial
- Accounting software for small businesses
- Award-winning customer service
- Seamless integration & user-friendly
- Intuitive design
- Simple to use
- Relatively affordable for smaller businesses
- Could be expensive for large teams (adding a team member is an extra $10/mo)
- Lower tier plans limit how many team members can be added
- Not possible to merge duplicate contacts
15-Days Free Trial
- Advanced analytic accounting
- Beautiful user interface
- Electronic invoicing & automated follow-ups
- Modular design
- High flexibility
- Cost-free Community version
- Open source code
- Learning curve
- Complex setup and customization
15-Days Free Trial
- Advanced analytic accounting
- Beautiful user interface
- Electronic invoicing & automated follow-ups
- Modular design
- High flexibility
- Cost-free Community version
- Open source code
- Learning curve
- Complex setup and customization
30-Days Free Trial
- You only pay when you get paid
- Set up tracking & payment reminders
- Option for online payment
- Get started for FREE
- No monthly fees (Basic Plan)
- Clean and easy user-experience
- Your account may be frozen if there is any unusual activity
- Not suitable for high-volume transactions
- Phone support is not available for this service
30-Days Free Trial
- You only pay when you get paid
- Set up tracking & payment reminders
- Option for online payment
- Get started for FREE
- No monthly fees (Basic Plan)
- Clean and easy user-experience
- Your account may be frozen if there is any unusual activity
- Not suitable for high-volume transactions
- Phone support is not available for this service
Free plan available
- Send & receive bank transfers
- Seamless sync with QuickBooks & Xero
- Receive global payments
- No set-up fee
- Live chat customer support/Fast response
- Integrates well with other systems and flexible with 3rd party applications
- Free ACH transfers
- Provides limited accounting reports
- Not appropriate for large batch payments
- Lack of direct professional support
Free plan available
- Send & receive bank transfers
- Seamless sync with QuickBooks & Xero
- Receive global payments
- No set-up fee
- Live chat customer support/Fast response
- Integrates well with other systems and flexible with 3rd party applications
- Free ACH transfers
- Provides limited accounting reports
- Not appropriate for large batch payments
- Lack of direct professional support
30-Days Free Trial
- 30-day FREE trial
- Create professional invoices
- Simplify tracking and follow-up
- Convenient mobile application
- Instant updates and notifications for business managers, banking, and accountants
- Payment choices include ACH or manual checks
- Syncs with 3rd party accounting software and mobile devices
- Initial setup takes time
- Provides limited customized accounting reports
- Not appropriate for large batch payments
- Lack of direct professional support
30-Days Free Trial
- 30-day FREE trial
- Create professional invoices
- Simplify tracking and follow-up
- Convenient mobile application
- Instant updates and notifications for business managers, banking, and accountants
- Payment choices include ACH or manual checks
- Syncs with 3rd party accounting software and mobile devices
- Initial setup takes time
- Provides limited customized accounting reports
- Not appropriate for large batch payments
- Lack of direct professional support
30-Days Free Trial
- Run your collection on auto-pilot
- Variety of billing workflows
- Accept every payment, from anywhere
- Incorporating a contact/client portal within the website
- Centralizing all client data in a single location
- Integration with various apps and media
- Enabling storage of images/documents in a client's file
- Limited live customer service hours
- Admin menu may be challenging to navigate
- Higher tier expensive for small businesses
30-Days Free Trial
- Run your collection on auto-pilot
- Variety of billing workflows
- Accept every payment, from anywhere
- Incorporating a contact/client portal within the website
- Centralizing all client data in a single location
- Integration with various apps and media
- Enabling storage of images/documents in a client's file
- Limited live customer service hours
- Admin menu may be challenging to navigate
- Higher tier expensive for small businesses
- Powerful, real-time reporting
- Cash collection forecasting
- Painless accounting system integration
- Easy and quick setup process
- Multiple payment methods available
- Customizable branding for invoices
- Pricing may be expensive for smaller businesses
- Potentially slow to implement and deploy
- Powerful, real-time reporting
- Cash collection forecasting
- Painless accounting system integration
- Easy and quick setup process
- Multiple payment methods available
- Customizable branding for invoices
- Pricing may be expensive for smaller businesses
- Potentially slow to implement and deploy
* Featured prices and terms can be updated. Free offers may include additional terms.
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What is Accounts Receivable Software?
Feeling overwhelmed with your accounts receivable? Want to know how software can boost your cash flow? Stick around, and I'll break down what this software is all about and why it's a game-changer for businesses, big or small.
Accounts receivable software allows you to get paid faster, by collecting money from customers who purchased goods or services on credit. It allows businesses to keep track of their outstanding invoices and customer payments, streamline invoice generation, payment tracking, and collections, making it easy for businesses to maintain cash flow and minimize bad debt.
The right software can turn even small business owners with little accounting know-how into accounts receivable wizards, improving their financial health.
Types of Best Accounts Receivable Software
There's a whole array of accounts receivable software to choose from, from standalone solutions to integrated modules within larger accounting and enterprise resource planning (ERP) systems. Some popular accounts receivable software options include:
- Cloud-based software: Hosted on the internet and accessible from anywhere, this option is perfect for nearly all businesses, including those with remote or distributed teams. Everyone can access the software at any time, as long as they have access to a web-browser and a working internet connection.
- On-premise software: Installed and hosted on a company's own servers, this type of software offers more control over data security and customization. If you're really concerned about keeping your financial data safe or need a high level of customization, this might be the one for you.
- Integrated modules: Some accounting and ERP systems come with built-in accounts receivable modules, making it super simple to manage accounts receivable within a larger financial management ecosystem. This can be especially useful for businesses dealing with a ton of accounts receivable and wanting to simplify the process as much as possible.
- 30-day free trial
- Get paid 2x faster
- Free bank transfers and mail checks
- The simplest way to pay vendors and contractors
- Award-winning customer service
- Seamless integration & user-friendly
- Unlimited custom invoices and quotes
- Cleaner books from day one
- Powerful, real-time reporting
- Cash collection forecasting
Top Features of Accounts Receivable Software
Accounts receivable software typically comes packed with core features that help businesses manage their outstanding invoices and customer payments. Some of these include:
Invoice management: Automating the invoice creation process saves you time and effort, ensuring your invoices are accurate and on-time, which in turn can help improve cash flow.
Payment management: Record and track customer payments with ease, monitor outstanding balances, and ensure payments are applied to the correct invoices. Plus, automate payment reminders, reducing the need for manual follow-up.
Collection management: These are tools to automate the collections process, including sending reminders, generating collection letters, and managing payment plans for delinquent accounts. Automation also saves you time, reduces the risk of manual errors, and allows your business to scale.
Reporting and analytics: Customizable reports and dashboards provide insights into accounts receivable performance, helping you spot trends and areas for improvement.
The Benefits of Accounts Receivable for Small Businesses
- Improved cash flow: Automating invoicing and collections helps small businesses maintain steady cash flow, crucial for growth and financial stability.
- Reduced manual errors: Automation means fewer errors in invoicing, payment tracking, and collections, saving time and helping businesses avoid costly mistakes.
- Time savings: Accounts receivable software streamlines your financial processes, freeing up time for other business-critical tasks.
- Enhanced customer relationships: Efficient accounts receivable management helps maintain positive relationships with customers by ensuring timely and accurate invoicing and communication.
Who Uses Accounts Receivable Software?
Accounting departments use it to consolidate accounts payable information with other financial data for accurate financial reporting and analysis.
Vendors and suppliers use online portals within accounts receivable software to submit invoices and information for payments, as well as communicate with customers regarding payment issues or questions.
What Are the Challenges Using Accounts Receivable Software?
Challenges generally come in the early stages of purchasing, set up, and onboarding accounts receivable software, and can include:
- Integration: integrating accounts receivable software with existing systems can be a challenge, especially if there are multiple systems in place. However, many software providers offer integration services to help businesses overcome this challenge.
- Cost: implementing accounts receivable software can be costly, especially for small businesses. However, the benefits of improved cash flow and efficiency can outweigh the initial investment.
- Training: training employees on how to use the software can be time-consuming and expensive. However, many software providers offer training and support to help businesses get the most out of their investment.
What Problem Does Accounts Receivable Software Solve?
Accounts receivable software tackles key issues businesses might face when managing their accounts receivable process, like inefficiency due to manual processes, lack of visibility and control over outstanding invoices, and the inability to effectively track and manage payments.
By automating the accounts receivable process, this software not only cranks up efficiency but also equips businesses with new capabilities to better manage their cash flow and maintain positive relationships with their customers.
Software Related to Accounts Receivable Software
If you're not sure whether accounts receivable software is the right solution for your business or if you're looking for related options, here are some related software categories that might pique your interest. These solutions can help you manage different aspects of your financial management process, and some of them may also include accounts receivable features.
Accounts payable software helps businesses track their outstanding bills and payments to vendors and suppliers. This software helps businesses streamline the bill generation process, payment tracking, and payment processing, making it easier to manage their cash flow and minimize late payments and penalties. Accounts payable software can also be standalone or integrated into larger accounting or enterprise resource planning (ERP) systems and typically includes features like automated invoice generation, payment tracking, and reporting and analytics to help businesses stay on top of their finances.
For a more comprehensive financial management solution, consider Accounting Software. It can help you manage various aspects of your financial operations, including accounts payable, general ledger, and financial reporting.
If your main concern is creating, sending, and managing invoices, Online Invoicing Software might be the right choice for you. These solutions often include features like invoice customization, payment reminders, and integrations with popular payment gateways.
Bookkeeping Software helps you keep track of your financial transactions and maintain accurate records. This type of software typically offers features like transaction categorization, bank reconciliation, and financial statement generation.
To wrap it up, accounts receivable software is a valuable tool for businesses looking to streamline their invoicing and payment processes, increase efficiency, and better manage their cash flow.
While there may be challenges associated with implementation, the benefits far outweigh the costs. By automating and streamlining the invoicing, payment tracking, and collections process, businesses can focus on what they do best: growing their business.