Yesterday, IGG Software announced iBiz 4, an update to its flagship timekeeping and billing software that adds several new features for freelancers and small groups.

iBiz 4 includes an all-new library of invoice templates, payment reminder and expense tracking functionality, faster editing and entry, and a new way to back up and restore your iBiz data.

The software extends its Mac OS X integration to include creating billing events from items in iCal. Previous versions of iBiz were already integrated with Address Book, but iBiz 4 lets you further organize clients into groups. It also has a spiffy new charting engine based on Core Animation.

iBiz Professional has also been updated, and includes a server component and two client licenses. iBiz Professional allows small teams to coordinate their time and to-do items across a Bonjour network.

iBiz 4 is $40, iBiz 4 Professional is $100, and both are available for download at IGG Software's website. Both include a 10-day free trial. Users who purchased iBiz 3 after January 5 also qualify for a free upgrade.

This article was originally published on Tuaw.
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