What Is a Basic Invoice?
A basic invoice is a printed or online document often used as a record of sales. It is a form that you send to your customers after delivering goods or finishing services. It would also serve as a legal document that would represent the goods or services that you rendered in your customers that they are responsible for paying.
How to Create a Basic Invoice
According to count, out of 126 million American employees, 33% of the population is self-employed. With its rising number, personal invoicing also booms. Freelance self-employees tend to handle their finances and sales personally so that it would be less costly. With that, invoicing must be cohesive yet straightforward and direct. If you are a personal contractor, you need a contractor invoice to document your sales. Get to make one by following these easy steps:
1. Decide on Invoicing Policies
Setting consistent policies to your simple invoice would make your documentation easier and more convenient. You can create a list of invoicing policies before indulging in the invoice making process. To do this, you need to consider parameters—yours and customers. You need to consider factors that would benefit both parties. Then, know your target customers and come up with appropriate invoicing policies. Afterwards, you can share it with your customers or include it in the invoice.
2. Make your Invoices Unique
You need to make sure that every business invoice that you release is unique. According to the survey, the average value of the duplicated invoices daily is $2,034. To avoid wasting that massive amount of money, you need to number your invoice. The numbers on your invoice would also serve as a reference point for your clients in payment methods.
3. Lay Out Payment Variations
For your business, versatility is one of your foundations. You need to adjust to your customers as they are responsible for paying your service. You can indicate numerous payment types on your service invoice, depending on your customer's convenience. It is beneficial for both parties as your customers can pay you before or on the date with their comfortable payment terms. Some examples of payment types are credit card, debit card, cheque, money transfers, and cash.
4. Indicate your Contact Details
As you are creating your basic invoice, one thing that you need to indicate is your complete contact details. You can include in your invoice format your business name, contact number, email address, and call-to-action. You wanted to generate the payment of your sales as soon as possible, so establishing communication with your customers is an important factor that you need to do.
5. Make Use of a Template
Rather than wasting your time making invoices from scratch, why not download one of our comprehensive templates. The advantages that you can experience in utilizing our template is it is packed with original suggestive content and design that are 100% customizable and easily editable for your comfort. We offer you an array of invoice templates, such as business invoices, service invoices, commercial invoices, and more.