Frequently asked questions How do I create my own invoice?Ĭreating your own invoice is a straightforward process that ensures you get paid faster and on time. It’s better to include a due date or make the due date a specific number of days after receiving the invoice. Using language like “payable on receipt” or “due 30 days after receipt” can be problematic because you do not know when the invoice was received. If a dispute occurs, these documents will be useful in supporting your case. Your correspondence with customers (including late payment notices) should be kept in an organized and accessible file. Some basic details you can include when you send invoices are the customer’s information, invoice number, billing date, payment details, your own logo, and payment terms. The easier to follow or interpret, the faster you’ll get your money. Include specific instructions and contact information on the invoice. A delay in notification will delay payment. If a customer’s payment is not received by the due date, send a written notice of this overdue amount immediately. Errors caught early are easier to correct. Review your invoice and accounting procedures regularly. Designate one employee to record all of the company’s transactions, even if duplicate records are kept in another department or with a second employee. Set up an invoice processĮstablish a system for processing payments and tracking invoices. Poor recordkeeping could cost your company thousands of dollars. Keep an invoice log to track outgoing invoices and incoming payments. Guideline for small business owners to create invoices Maintain an invoice log Your company can get more for its products and services while reducing potential losses, which translates into increased profits and better business relationships. With our free invoice template, save time and generate professional invoices much faster and easier. An invoice template can set you on the path to creating the right documents for your business. Your invoice must include essential information in a simple and straightforward manner. The right invoice will let you track customer data and create a repository of critical product information. An invoice must detail how much is owed, to and from whom, for what services, and when and how the sale was made or service provided.Ī correctly drafted invoice provides for much more than easy collection -it stores critical business data, notifies customers, and stores important tax information for tax season. This is where the right invoice can make all the difference. A complete guide to creating invoices What is an invoice template?Ī business makes its profits by receiving money for selling a product or providing a service. How-to guides, articles, and any other content appearing on this page are for informational purposes only, do not constitute legal advice, and are no substitute for the advice of an attorney.

Free business invoice template