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Next, you need to specify your payment options — whether you prefer to be paid with cash, a check, a credit card or a service like PayPal. Some companies will offer direct deposit, if you do regular work for them, but more than likely you'll have to send an invoice to request payment every time you complete a project.

Terms (or Payment Terms): Invoice terms depend on common practices of your industry, your relationship with the customer, and your cash flow needs. For example, “Net 30” means that the invoice is due 30 days after the Invoice Date. Be mindful some businesses may pay later than the stated due date, so you may want to include a buffer to keep your business free from a cash flow gap.

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