How to Make a Basic Invoice in Microsoft Office Excel
Many had changed in the business industry over the years. One of the changes that greatly affect the industry is the shift to electronic transactions. Many have known the emails as the pioneer electronic business transactions. After that, invoices became another tool that is transacted using electronic processes. According to Forbes magazine, it will highly benefit a business if it uses electronics to transact businesses. If you want to start your business transaction through an invoice, here are tips you can simply follow in making a basic invoice in M.S. Excel.
1. Know the Basics
There are a few things you need to know when it comes to an invoice. Before starting the actual invoice, make sure you have a plan. The plan must include how you will finish the invoice. Also, do not forget to list down the things you need to put in your invoices, such as the business name, contact information, and invoice number. Without these elements, your invoice is incomplete.
2. Provide Payment Terms
The payment from your clients will rely on the type of payment method your business use. Before providing the payment terms, be clear with the type of payment terms you will use. After that, you can continue and start with the content of the simple invoice.
3. Include Product or Service Details
If you want to avoid confusing your clients about their payments, make sure you have all these covered: description, quantity, rate, amount, and subtotal of the product and services. A useful sample invoice is a complete invoice. So do not miss all the relevant information.
4. Make It Professional Looking
You only need a few things if you want to make your invoice professional looking. First, use simple fonts. Do not use novelty fonts, and it will make the service invoice not good to look at. Then, make sure the format of the invoice is right. If you want a reference for a business invoice, you can look it up on the internet.
5. Add Notes
Composing a note for your client can make the business invoice paid faster. That is why you have to make it more personal. More so, you can include other relevant instructions, information, or details in the invoice.
What Is an Invoice?
An invoice is a document that contains the payment a client should compensate for a business. With an invoice, it is clear how much money you owe a business. If you received an invoice, it means you have an unpaid transaction.
What Is the Difference Between a Business Invoice and Service Invoice?
A business invoice is an invoice that's applicable for different types of businesses. Unlike a service invoice that focuses on services, a business invoice can be used for products and other services, as well. If you want a versatile invoice, you can opt to make a business invoice rather than a service invoice.
Does Microsoft Office Word Have Invoice Templates?
Microsoft Office Word provides various types of templates that you can use for your business, and that includes invoice templates. With these templates, you can make a suitable invoice for your business. The templates from Microsoft Office Word are easy to use and customizable, too.
What Does an Invoice Contain?
A simple invoice usually contains the name of the business, amount of payment, and details of the products and services. Without these details, the invoice will be incomplete, and it will not fill its purpose to notify your clients of the payment they owe you.
What Is the Best Invoice Template on the Internet?
The best invoice template from the internet is the templates you can get from trusted sources. The online market has a lot to offer when it comes to templates. However, not all guarantee quality and usability. If you want a maximum functionality of templates, make sure your source is reliable. You can assess the credibility of the source by checking its customers' ratings and feedback.