Cash Flow Statement Template
6. Payment Terms Clear agreement on payment terms should be written down on the invoice template. This helps prevent misunderstanding between the client and supplier. It also helps establish terms of payment in a clear concise manner. In order to create your own invoice template you can use a variety of existing software available today. Most widely used are Microsoft s Word and Excel which provides a basic customizable format for your invoice templates. When choosing to send the invoice through email you can change the file into a PDF format so that it can be sent over to the client.
The template will provide text boxes in which you can add details of the services rendered including charges per hour cost of materials and so on. Whether you choose to download a free template or spend as little as $10.00 for a simple invoice that calculates the total for you is entirely dependent on your specific needs. Many templates available in Excel Word or Office will include options such as the calculation of tax and even hourly rate costs options. Once your service invoice template is in use you will be able to add the date client details and invoice number. This invoice is then saved into your invoice or customer file and is ready to print fax or e-mail to the client. Clients who use online banking would probably appreciate an e-mail confirmation and updates on payments received and balances still due but your older clients may still prefer a facsimile or postal service. Make sure that your client is given the options available and is able to make their choice of preferred method of invoice delivery.
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Depending on your industry you need to pick the best invoice to suit your needs. For example you may use an invoice template that you customize electronically and print from the convenience of your office before submitting to your client. Or perhaps the invoice will be sent electronically through email. Or you may require a handwritten invoice form that your technician can complete in the field. Most likely your company will require a combination of these. Using a template can ensure that your company s design and branding elements are consistent. Your invoice is your last statement about the value and quality of your work.
Make it professional and credible - make sure your customers have the confidence to work with you again and recommend your company to others. Invoicing clients for goods and services is a natural part of doing business but having to continually prepare invoices often becomes a repetitive task. This is why it makes perfect sense to use an invoice template. Not only does a great looking invoice project more of a professional image but it will also allow you to prepare your invoices much faster and with much less fuss. In addition to this each invoice becomes standardized meaning they all follow a similar layout and format which makes book keeping and tax processing again much easier.