INVOICE TEMPLATE WORD DOCUMENT CODE
INVOICE TEMPLATE WORD DOCUMENT PROFESSIONAL

Hourly Pricing – By charging hourly, the company or individual conducting the services charge a pre-determined hourly rate. Each has there advantages and disadvantages, and are typically chosen depending on the type of service provided. There are generally two (2) ways to charge for labor. Labor Cost – Employee wages, the cost of hiring a contractor, and other hourly-based work should be accounted for.Determine the Costsīefore setting a price for a service a freelancer or company provides, the first step is to find and add up all the costs that go into providing the service. However, for freelancers and companies looking to price their services, the points below should be taken into account. There is no “correct” price for a service, as depending on the experience of those doing the job, the length the job takes, the number of companies bidding for the work, and the customer’s perceived value of the service rendered, the price point can vary greatly from person to person. Create Character Combinations (“JC-21”) to track dates, types of products, service people, etc.Avoid Special Characters (with the exception of dashes “-“).Assign a unique Invoice Number to each document.To highlight what should go into an invoice number, keep in mind the points below. For example, the letter combo “MA-24” can refer to the invoice being billed on May 24th.

INVOICE TEMPLATE WORD DOCUMENT CODE

ABCE, etc.”Īssigning structure to the invoicing process can provide invaluable to a business, such as adding a certain character for each month and year the invoice was issued or a code for the worker that sold the product. The number doesn’t have to be an exact length – as long as it makes sense to the company or individual issuing the invoice.

Each invoice number needs to be unique in order to efficiently organize each payment. It is used to track and identify each payment, service, or product sold. Payments Accepted, Corrections, and Other DetailsĪ comment box allows the issuer to list pertinent details regarding the invoice, such as the types of payment accepted, corrections to listed expenses, or thank-yous to the client.Īn Invoice Number is a string of characters systematically assigned to an invoice. Having a concrete date that the invoice is due ensures both parties are clear on the terms of payment and lets the client breathe easy if they do not have the immediate funds to cover the invoice amount. The number of days until payment is due is a must for every invoice.

Although some invoices only have lists for products and vice versa, all invoices have a section to list out the details of the expenses. They allow for detailed descriptions of what was purchased, how many, the cost of each, and the total amounts altogether. Lists of both the products and/or services purchased are the basis for the invoice. Additionally, most have an invoice number to track past and current clients more efficiently.

Their name, address, phone number, and the date of the transaction are almost always included. Having an address displayed clearly on the invoice allows sold products to have a return address and gives customers a means to pay invoices by check through the mail.Ī ‘Bill To’ section lists all of the significant details of the client purchasing the products or services. The company name can be replaced by an individual’s name if doing freelance work. The company name and address are staples of an invoice.

Payments Accepted, Corrections, and Other Details.

INVOICE TEMPLATE WORD DOCUMENT PROFESSIONAL

Is professional and courteous, leaving the customer with a more positive impression of the company.

Can be used as a quote – giving the buyer an outline of what would be charged if they were to approve of the job.

Allows payment to be delayed, giving the client enough time to inspect the product or service and pay for the invoice incrementally.

Eases buyer-seller relations by providing clarity on exactly both what was charged, and why.

It is highly recommended companies, freelancers, and contractors send an invoice following their work. More simply, an invoice can be viewed as a more formal bill. An invoice is a form used by the seller of a product or service for giving the customer a summary of what was ordered, a breakdown of the costs, a means of contacting the seller, and instructions for paying for what was received.

Invoice template word document