Author : Isla Docker.
Published : Mon, Sep 10 2018 :7 AM.
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Invoice date: The issue date for the invoice. Pro tip: Getting your invoice out in a timely manner can help you improve cash flow and get paid faster. Bill your customer using the mobile invoicing app, right after you finish the job.
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An invoice is a commercial document issued by businesses to indicate a transaction, and request payment for the product or service provided. In today’s business world, there are certain expectations around how we talk about money. An invoice is a powerful communication tool that ensures payment in a timely manner, and also makes a good impression on clients, setting the stage for long-term relationships. This invoice template guide will discuss everything you need to know about invoicing, and why it’s important to get it right.
Terms (or Payment Terms): Invoice terms depend on common practices of your industry, your relationship with the customer, and your cash flow needs. For example, “Net 30” means that the invoice is due 30 days after the Invoice Date. Be mindful some businesses may pay later than the stated due date, so you may want to include a buffer to keep your business free from a cash flow gap.
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Time is money, so it’s vital to keep track of it. It will also help you learn how long it will take to complete similar projects in the future. Accurate time tracking also adds a level of transparency to your billing and helps you get paid what you deserve. Invoice2go’s time tracking feature gives you a simple way to keep track of every minute you work, and add it straight to your invoice for straightforward billing when you’re done.
Seller contact information: This not only lets your customer know how to contact you if they have any questions about the invoice, but could also lead to future business; if they are happy with their experience working with you, they might use the information to contact you again or refer you to a friend.