How to Make a Simple Invoice in Numbers
Did you know that 46% of Americans settle their billings when it's overdue? Well, that could actually affect your business. Although, it depends on the client when he or she is going to pay the dues, but it's important to make an effort for that. So, send your client's bill through a simple invoice. This can help him or her know how much he or she is going to pay and when it's due. If you don't have one yet, then you can create one by referring to the steps below:
1. Provide the Invoice's Basic Details
Start your blank invoice by providing the basic details like your customer's name, invoice number, address, and phone number. Likewise, you also have to provide your company's information on the invoice.
2. List the Transaction
You have to have a list of your transactions with your client. By doing so, your client will not question the products or services he or she is going to pay.
3. Place the Price(s)
Aside from the services or products the customer got, you also have to include how much each cost. You may include the hourly rate if there is any on the basic invoice.
4. Get the Number
After listing every product or service, it's time to calculate how much the customer is going to pay. Make sure that you include charges as well on the product or services invoice. You can put discount, VAT, and others. Then, get the number of how much the client shall pay.
5. Include the Payment Terms
To avoid any blurred lines between you and your client, you should include the payment terms. This way, the customer knows when the payment is due and understand other essential details about the transaction. You can place this at the bottom of the document.
How does an invoice work?
An invoice is a document that works as a bill that you send to your client or customer. This document includes the services or products you provided. This also includes how much your client has to pay.
Is an invoice a demand for payment?
Yes, it is. It is a demand for payment that companies send to their customers after providing services or products to them.
Is an invoice a receipt?
No, an invoice is not a receipt. An invoice is a bill or a demand or request for payment after you have provided services or products to people. On the opposite, a receipt is a document that signifies that you have received payment from your clients after the services or products you offered.
Do you have to pay an invoice if the company made a mistake?
No, it's not your fault if the company made a mistake. So, there's no need to pay the wrong amount or incorrect details on the invoice. It's the responsibility of the company to send the right invoice details to their customers, and not the customers'.
Can you use an invoice as a receipt?
No, you can't because each document functions differently. You can never use the other document for the other.