As a budding entrepreneur, you must keep an eye on costs since a single hole can sink an entire ship. And try avoiding such software that charges hefty for the services that are offered at half the rate by other software.
Key Differences
- 01InvoiceOwl offers more affordable pricing at $28.99/month vs HoneyBook's $32.5/month average
- 02InvoiceOwl provides time tracking and customer support features not available in HoneyBook
- 03Both platforms offer unlimited invoices and estimates with digital signature support
- 04InvoiceOwl is cloud-based and accessible on iOS, Android, and Web platforms
- 05HoneyBook includes recurring invoices while InvoiceOwl offers free tools and better platform accessibility
Which is the Best: InvoiceOwl or HoneyBook?
Though HoneyBook offers similar features to InvoiceOwl, it is quite expensive when it comes to subscription costs. Additionally, several features are missing in HoneyBook that InvoiceOwl offers at a much lower rate. If you're looking for more affordable options, there are several HoneyBook alternatives available that provide similar functionality at a better price.
Feature-by-Feature Comparison
InvoiceOwl vs HoneyBook Comparison
| Feature | InvoiceOwl | HoneyBook | Result |
|---|---|---|---|
| Price | $28.99/month | $32.5/month avg | Winner |
| Pricing Mode | Monthly & Yearly | Monthly & Yearly | Tie |
| Pricing Options | Two plans | Two plans | Tie |
| Annual Discount | 65% off | Winner | |
| Digital Signature | Tie | ||
| Easy-to-use | Winner | ||
| Free Tools | Winner | ||
| Unlimited Estimates | Tie | ||
| Unlimited Invoices | Tie | ||
| Online Payments | N/A | Winner | |
| Time Tracking | Winner | ||
| Customize Invoices | Tie | ||
| Recurring Invoices | Winner | ||
| Cloud Access | Winner | ||
| Customer Support | Winner | ||
| iOS, Android, Web | iOS & Android only | Winner | |
| Target Audience | SMBs, Freelancers, Entrepreneurs | Small Businesses | Winner |
| Client & Item Saving | Winner | ||
| Open Notifications | Tie |
InvoiceOwl leads in 11 categories
19 features compared
InvoiceOwl: Best Value for Small Businesses
InvoiceOwl stands out as the more affordable and feature-rich option for small businesses, freelancers, and contractors. With comprehensive platform support and essential features like time tracking and customer support, it delivers excellent value for money.
Why Choose InvoiceOwl
- More affordable pricing with 65% off annual plans
- Cloud-based access from anywhere, anytime
- Available on iOS, Android, and Web platforms
- Built-in time tracking for accurate billing
- Free tools and resources available
- Dedicated customer support
- Client and item saving for faster invoicing
HoneyBook: For Recurring Billing Needs
HoneyBook caters to small businesses that prioritize recurring invoice functionality. While it offers similar core invoicing features, it comes at a higher price point with fewer platform options and support features.
Pros
- Recurring invoice functionality
- Unlimited estimates and invoices
- Digital signature support
- Invoice customization options
Cons
- Higher pricing at $390/year
- No customer support mentioned
- Not cloud-based for universal access
- Missing time tracking feature
- No free tools available
- Limited to iOS and Android only
Pricing Comparison
When it comes to cost-effectiveness, InvoiceOwl offers better value for small businesses and entrepreneurs:
Cost Savings
InvoiceOwl costs $28.99/month compared to HoneyBook's average of $32.5/month. Plus, InvoiceOwl offers a flat 65% discount on annual plans, making it significantly more affordable for budget-conscious businesses.
InvoiceOwl Pricing
- Monthly Plan: $28.99/month
- Annual Plan: 65% off regular pricing
- Trial: Free trial available
- Payment Options: Flexible monthly or yearly billing
HoneyBook Pricing
- Annual Plan: $390/year (approximately $32.5/month)
- Payment Options: Monthly and yearly billing available
- No discount offers mentioned
Start Invoicing Smarter with InvoiceOwl
Join thousands of small businesses and freelancers who trust InvoiceOwl for professional invoicing, time tracking, and payment management.
Start Your FREE TrialWho Should Choose Which Platform?
Choose InvoiceOwl If You:
- Need affordable invoicing software with comprehensive features
- Want cloud-based access across all platforms (iOS, Android, Web)
- Require time tracking for accurate client billing
- Value customer support and free resources
- Work as a freelancer, contractor, or small business owner
- Want to save costs with annual plan discounts
Choose HoneyBook If You:
- Specifically need recurring invoice functionality
- Don't require time tracking or customer support features
- Are comfortable with higher subscription costs
- Only need iOS and Android mobile access
- Run a small business with recurring billing needs
Platform Accessibility
One key differentiator is platform availability. InvoiceOwl offers cloud-based access across:
- iOS mobile app - Invoice on the go from iPhone or iPad
- Android mobile app - Full functionality on Android devices
- Web application - Access from any browser, anywhere
- Cloud synchronization - Work seamlessly across all devices
HoneyBook, in comparison, limits access to iOS and Android mobile platforms without cloud-based web access, which may restrict workflow flexibility for businesses that need desktop access.
Essential Features Breakdown
Time Tracking
InvoiceOwl includes built-in time tracking, allowing you to:
- Track billable hours directly in the app
- Convert time entries to invoices automatically
- Maintain accurate client billing records
- Monitor project profitability
HoneyBook does not offer time tracking functionality, which may require using separate tools for businesses that bill hourly.
Customer Support
InvoiceOwl provides dedicated customer support to help you resolve issues quickly and maximize the platform's potential. HoneyBook does not mention customer support availability, which could be a concern for businesses that value responsive assistance.
Free Tools
InvoiceOwl offers free tools and resources to help businesses manage their finances effectively, even before subscribing to paid plans. This accessibility makes it easier to test and evaluate the platform's capabilities.
Recurring Invoices
The one area where HoneyBook has an advantage is recurring invoice functionality. If your business model relies heavily on subscription-based billing or regular recurring charges, HoneyBook's native recurring invoice feature may be beneficial.
However, many businesses can achieve similar results through manual processes or by scheduling regular invoice creation, especially given the cost savings InvoiceOwl provides.
Consider Your Needs
While recurring invoices are convenient, evaluate whether this single feature justifies the higher cost and missing features compared to InvoiceOwl. For most small businesses, the cost savings and additional features of InvoiceOwl outweigh the convenience of automatic recurring billing.
Frequently Asked Questions
InvoiceOwl is more affordable at $28.99/month compared to HoneyBook's average of $32.5/month ($390/year). Additionally, InvoiceOwl offers a 65% discount on annual plans, providing even greater savings for small businesses.
Yes, InvoiceOwl includes built-in time tracking functionality, allowing you to track billable hours and convert them directly into invoices. HoneyBook does not offer time tracking.
Yes, InvoiceOwl is cloud-based and accessible from iOS, Android, and Web browsers. This means you can work from any device, anywhere. HoneyBook is limited to iOS and Android mobile apps only.
InvoiceOwl provides dedicated customer support to help users with questions and issues. HoneyBook does not mention customer support availability in their feature list.
Yes, HoneyBook supports recurring invoice functionality, which is useful for subscription-based businesses. InvoiceOwl does not currently offer automatic recurring invoices, though you can create and send invoices regularly through the platform.
Yes, InvoiceOwl offers a free trial so you can test the platform before committing to a paid subscription. This allows you to evaluate whether it meets your business needs risk-free.
InvoiceOwl is generally better suited for freelancers due to its lower cost, time tracking feature, multi-platform accessibility, and comprehensive support. These features align well with typical freelancer needs for flexible, affordable invoicing solutions.
Yes, both InvoiceOwl and HoneyBook support unlimited invoices and estimates, so you won't be restricted by volume as your business grows.
Final Verdict
For small businesses, freelancers, and entrepreneurs looking for comprehensive invoicing software at an affordable price, InvoiceOwl emerges as the clear winner. With better pricing, time tracking, customer support, cloud-based access across all platforms, and free tools, it delivers superior value.
HoneyBook may be worth considering if recurring invoice automation is absolutely essential to your business model. However, for most users, the cost savings and additional features offered by InvoiceOwl make it the smarter choice.
Quick Recommendations:
- Best Overall Value: InvoiceOwl
- Best for Recurring Billing: HoneyBook
- Best for Freelancers: InvoiceOwl
- Best for Budget-Conscious Businesses: InvoiceOwl
- Best Platform Accessibility: InvoiceOwl
Ready to experience the difference? Start your free trial with InvoiceOwl and see how affordable, feature-rich invoicing software can transform your business operations.
