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I know it sounds lame, but if you have excel, i assume you have access.
access is very similar to excel but with more integration.
you can create an access sheet, then make a report that comes out looking just like a bill, it's kind of convenient, and will save you some cash (i'm always about saving the cash).
if you dont have access, openoffice has a free version at openoffice.org.
again, i know it's not the flashiest, and both are very frowned upon by serious programmers because it's so limited and over-simplified, but for making invoices in a small business (5-10 people) or for an individual, it works just fine. plus, it's pretty straight forward.
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