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If you're a company that plans to extend credit to your customers, you'll have to get familiar with invoice generation. The invoice is a bill to another business that lists the total amount due along with a breakdown of the items purchased. When it's time to generate invoices to send to your customers, you can make the process simpler by using templates in Microsoft Excel.

Invoice details: Across from where you put the recipient's name and contact info, include the details of your invoice. This placement makes it easy to keep track of vital information — for both you and the recipient. It doesn't matter what kind of numbering system you use, just make sure it's in sequential order so you don't get confused.

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