So finally after putting your heart and soul, you have completed your first freelance project and have even handed over to your client, right? So what’s next? Well, your mission is not yet over. It’s time to face the final obstacle, getting paid. Like any other novice freelancer or small business, invoicing can be an alien task, however you cannot runaway from it.
Since, invoicing is the only source of your bread, butter and comfort, certainly it is an inescapable duty thus you have to be clear with the nitty-gritty of invoicing.
Traditional paper invoicing, readymade customized templates or cutting-edge billing software, the pattern of writing an invoice is universal and alike on all platforms. Once you get the hang of it, you can swiftly and smoothly cross this obstacle.
Invoice is not just your catalyst for getting paid, it is handy for freelancers in many ways. It is basically a legal record for the service provided to your client and proof for your payment. Any mistake you make in invoice and it will straight away affect your payment.
So, let’s learn to write professional looking invoice that will get you paid easily:
Get hold of necessary information:
Before you kick off with the invoicing process, obtain all the necessary details of the client and business. Your invoice will be A- Okay with complete business, client and payment details.
Include your company details:
If you want to earn fame then exhibit your name.
Whether you are a freelancer, small agency or startup, definitely you will be having some name, right?
- You need to put your business name and logo on the header of the invoice
- Also include your email address, website address and phone number, so that your clients can get in touch with you whenever they look for
Now it’s time to focus on information to whom the invoice is written. As mentioned above, you must have acquired all the essential details from the client.
- The typical client information, you need to put on the invoice is client’s name, person who is responsible to make the payment (for quick payment), email address, contact number
- Client information should be below your details. If your details are placed on the right side in the corner, then write client details on left side of the invoice
Of course, an invoice is incomplete without invoicing details. This information is necessary for business as well as the client.
- The primary invoicing elements to be added are invoice number, invoice date (when it is prepared), payment date
- You need be aware of the payment terms, beforehand. Instead of mentioning the payment date, you can write 30 days from date of invoice, 1st of next month or, due upon receipt
- You can write an itemized bill by listing the products/services offered and respective price
- Breakdown of services by dividing it into quantity, worked date, rate, hours of work will make it easy to sum and also the clients will find it easy to understand the bill. This will help the customers to know about the price of each factor
- You can follow any numbering system but every invoice should have a unique number and you need to continue with the same numbering system
Yes, now comes the vital part for which the invoice is prepared, payment.
- In this section, you will include the payment terms and payment options
- You need to mention what types of payment options you offer to your client. Whether you prefer your client to pay through cash, cheque, debit card or credit card, highlight it in your invoice
- If you accept payments through trusted payment gateways like PayPal, Braintree or 2Checkout, you can state it on your bill
When you are writing any invoice manually or in computerized way, keep in mind that this piece of document is your only channel for income thus you cannot goof up with the invoicing process.