![]() ![]() We assume you'll be accepting payments by bank account, but we suggest reading our PayPal vs Stripe guide if you're looking at accepting credit card payments. Remember - cash flow is king to a business, and the sooner you're paid, the more possibilities you have to grow your operations. As a recap, a 30-day term means if you invoice on 1 March, payment will be due 31 March. Our template has a standard 30 day due date, but this may not suit your needs. It's your business, so whether you want to be paid in 7, 14, 20, 30, 60 or even 120 days from the invoice date usually depends on your business and client. Important - make sure you set your payment terms. The description is the most important aspect - our design is specific to service-type businesses which don't follow a 'price X quantity' template. ![]() I wish you the best of luck - starting a business is exciting, and you can be any age to do it". You're likely setting up your first business - our i nvoice template is designed to help you put your most professional foot forward when it comes to getting paid. To this day, I rely on Xero for every business I'm involved in because the invoices are automated and automatically reconciled. So I put together a professional invoice template to get paid quickly.Īfter leaving investment banking, I co-founded a tech business in 2012 digital invoices were all the rage and avoided the need to populate spreadsheets manually. Then, at university, a students club I co-founded was a prolific invoicer of corporates who eagerly sponsored it. ![]() I looked online, built something basic, and kept a record of my clients - invoicing made my lawnmowing business more professional.Īt age 18, I founded another business which was a B2B, and also sent a bunch of invoices. While I knew I'd always be paid, my dad kept telling me to make sure I had an invoice to send them so they could pay. That's not easy when you work on several projects for different clients simultaneously.Ĭontractors usually need to handle the intense activity and still manage to keep track of the due payments efficiently."I started my first business at around 15 when I mowed lawns for Invercargill people going to their holiday homes in Queenstown for summer. To ensure your cash flow isn't affected, you need to use a great independent contractor invoice. That way, you can bill your clients efficiently and have higher chances to receive your money in due time. ![]() As soon as a project is completed, issue the invoice to make sure that payment doesn't get out of sight. And for the bill to be complete and accurate, start from an independent contractor invoice template. We will go over all the essential aspects of contractor invoices, so you can keep your payments and accounting under control. How to Invoice as a Contractor?Įach project comes with its particularities for a contractor, from timeline services and materials involved and even billing terms. All that needs to be illustrated in the invoice, so you need to learn the basics of independent contractor billing to make sure you handle everything. Make it evident that the document you are creating is an invoice by mentioning it in the header.To make things even more comfortable, here is a step-by-step guide on how to invoice for contract work: The best strategy for billing your clients is to use an independent contractor invoice template because it will save you time, and it will be easier to organize all the information. ![]()
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