Discover the Best Digital Invoice Format for Accounting

Digital invoice format for Accounting

invoice in the right way can make a significant difference to the speed you receive those eagerly awaited payments this is how to make an invoice your goal should be to make sure your invoice is taken seriously that way your customer will find it far easier to pay you quickly so the actual invoice what does it look like what does it need to include and where do you start one way you can make this process a lot easier is having an invoice template to start with we've provided a couple free templates in the description these have the formulas built in to keep everything super simple but to break it down let's go through the skeleton of your invoice it's pretty much a given but handwritten invoices are a thing of the past so go digital there are four sections you need to include on your invoice you'll need to show the seller the buyer what was exchange plus how and when to pay for example let's say i run a cupcake business and this is my invoice i would start with all my details my business name number the company address the invoice date and the invoice number the invoice number is a unique identifier that helps everyone file and find specific invoices and if you can include your business logo to make your invoice look professional now the buyer's details that's their name and address if your customer is a business they may have an accounts payable department so it's important to find out that contact if you don't your invoice can go missing and end up unpaid there may be certain information you need to include that is specific to where you are in the world again this is where our templates come in as we have versions for multiple regions next details on what was sold or the services you provided keep it simple but with enough detail so it's clear to the customer what they have purchased my customer ordered chocolate cupcakes ten of them at five dollars each and ding ding your formulas would do the rest where relevant don't forget to add sales tax which may be called vat or gst depending on where you are and then at the bottom the payment information so that's details like your bank account number or any other payment methods add the date the invoice is due if you're dealing with a business they may have monthly payment runs so syncing up your invoicing time is key you can put any extra payment details here too like any discounts offered for swift payment or if you receive the deposit but it's a case-by-case basis to wrap up here's three quick tips that can make your invoice feel serious firstly keep it to one page if it's requested you can provide a detailed list of goods and or services separately secondly keep the wording and language you use consistent for example if you've provided a quote before the job began match that wording at the invoicing stage and lastly the one most unbreakable rule of invoicing do it people tend to leave it too late or forget entirely so make sure you put some time aside to get it done i'll leave a link in the description to our very own dedicated invoicing software that has a lot of helpful features and perks if you're after more invoicing content we've got you sorted with another great explainer this and much more right here give us a like comment with any questions and subscribe