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, it also makes a good impression on clients and sets 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.
When you work out the contract with each client (and yes, you should have a contract in place!), you'll list out the terms of how often you plan to invoice and when you should be paid. For instance, you can agree to bill on the first of each month, or biweekly so you get paid every other Friday. Keep in mind whether your industry is one where you invoice upfront before any work has been completed. In this case you'll be detailing the progress of the project as opposed to doing a monthly invoice.