Bill vs Square Invoices

Businesses must decide between effective payment processing and thorough financial management when choosing between Bill.com and Square Invoices because both platforms offer robust invoicing features but serve distinct market niches and business needs.

Important invoicing features like automated payment reminders, recurring billing and custom templates are provided by both Bill.com and Square Invoices. Service-based businesses that require careful tracking of billable hours and project expenses can benefit from Bill.com’s extensive time and expense tracking. Square Invoices is superior for project-based billing but does not offer time tracking or extensive expense tracking. Both platforms facilitate file uploads for well-organized financial records and efficiently handle taxes.

The target audiences of Square Invoices and Bill.com are highlighted in their pricing models. For small businesses and independent contractors on a tight budget, Square Invoices provides a free plan with paid tiers of $49/month (Plus) and $149/month (Premium). Unlike Square Invoices, Bill.com offers a trial period and custom pricing for businesses, with monthly prices ranging from $45 for Essentials to $79 for Corporate. Both platforms support scalability as businesses expand by offering unlimited storage and imposing no user or client limits.

Square’s payment methods including credit cards, Apple Pay, Google Pay, Cash App Pay, ACH transfers and Afterpay are used by Square Invoices. Bill.com has a transparent 2.9% transaction fee and accepts a greater variety of payment options, such as credit cards, debit cards, PayPal, wire transfers, paper checks and virtual cards. Additionally, Square Invoices integrates primarily with Xero and QuickBooks Online and has an internal Customer Directory for smaller businesses whereas Bill.com offers extensive integrations with a variety of accounting software and CRMs.

While Square Invoices is only available in English and does not support multiple currencies, Bill.com is built for global business needs with localization features and multi-currency support. In terms of customer service, Square Invoices offers limited hours for regular users and round-the-clock support for premium users while Bill.com offers chat, email and phone support during business hours.

For medium-sized to large businesses that require thorough client billing tracking, third-party integrations, international transaction management and comprehensive financial management, Bill.com is the best option. Square Invoices serves freelancers and small businesses that value affordability, project-based billing and ease of use, particularly if they already use Square for payment processing. Both platforms provide customization appropriate to their respective markets with Square Invoices concentrating on smaller scales and Bill.com appealing to larger businesses.