1Who it is for
Invollc is invoicing and record keeping for people who live outside the US and run a US LLC: freelancers, consultants, agencies and small software businesses. It is not a full accounting system. It covers invoices, getting paid, matching payments and the yearly Form 5472 records, and it hands clean exports to your accountant.
2Feature list
Everything below is available on all plans unless the note says otherwise. Each line links to the page that explains it.
| Feature | Status | Notes |
|---|---|---|
| Create customer invoices | Yes | Line items, tax per line, discounts, any currency, PDF. Starter: up to 50 invoices a month. |
| Collect invoice payments online | Yes | Card, Apple Pay and Google Pay through your own Stripe account. Bank, Wise, Revolut, PayPal links on the invoice. |
| Import bank transactions | Yes | Mercury (incoming payments, every 30 minutes) and Stripe charges. Other banks: add payments by hand. |
| Match payments to invoices | Yes | Automatic when the match is certain, manual otherwise. Partial payments supported. |
| Undo a wrong match | Yes | Remove the payment from the invoice; balance and status are recalculated and logged. |
| One payment for several invoices, or net of fees | Limited | A payment links to one invoice. Fees are not split out automatically. |
| Correct an invoice | Limited | Edit or void an invoice and issue a new one. No separate credit note document, no refund handling. |
| Estimates | Yes | Send, mark accepted or declined, convert to an invoice. Starter: up to 50. |
| Multiple currencies | Yes | Any currency per invoice. USD value stored at the ECB rate of the issue date. |
| Expenses and receipts | Yes | LLC and personal expenses, receipt files kept in private storage. |
| Reports | Yes | Dashboard (revenue, outstanding, overdue, trend), per-client totals, Form 5472 yearly summary. |
| Export detailed records | Yes | CSV of invoices, payments and expenses with dates, amounts, currencies and identifiers. |
| Trace a total back to transactions | Yes | Every invoice shows its payments and a timeline of what happened to it. |
| Import from another tool | Yes | Invoices, clients and payments from a CSV template. |
| Form 5472 records | Yes | Owner contributions, distributions and loans, yearly PDF, reminders 60, 30 and 7 days before the deadline. We do not file the form. |
| API | Yes | Read invoices with a scoped API key. |
3Not available
These are things Invollc does not do today. If one of them is a must for you, a full accounting suite is a better fit, or use Invollc next to it.
- General ledger and journals. No double-entry bookkeeping, chart of accounts, journal reversals or period locks.
- Recurring invoices. There is no automatic schedule yet. You create each invoice yourself.
- Team roles. One login per account. There are no user permissions to restrict what a colleague can do.
- AI features. Matching is rule based and the rules are published here. Nothing is decided by an AI model.
- Automatic reminders. You send reminders yourself with one click. Overdue invoices are flagged on the dashboard.
- Tax filing. Invollc prepares records. It does not file Form 5472, Form 1120 or any other return, and it is not tax advice.
4Good fit, bad fit
A good fit when
- You live outside the US, own a US LLC and bill clients in several currencies.
- You bank with Mercury or take payments with Stripe and want payments matched to invoices.
- Your accountant asks every year for Form 5472 numbers and you want them ready.
Look elsewhere when
- You need full double-entry accounting, payroll or inventory.
- Several people need separate logins with different permissions.
Related
Something missing or out of date? Write to info@auderesoftware.com. I read every email and fix these pages when the product changes.