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Good for: small businesses and freelancers looking for simple, online invoicing solution

Description: Easy-to-use, hosted invoicing application that let’s you send invoices to clients and manage your invoicing/reporting process completely online. Send PDF or email invoices. Has an iPhone application. Customize e-invoices with your own brand. Free-$20/month

Also try: www.invoicequick.com, www.blinksale.com