By Sandra HolzOn Aug 30, 2019 Invoice Templates
If you are a freelancer, small business owner, or entrepreneur, then you already know the headaches that can come from creating and managing invoices. Without invoices, you wont get paid. Yeah, they are pretty important. But the thing is, not all invoicing solutions are equal. The right one for you will depend on your particular needs, how complex your invoices are, and yes, your budget. Unsurprisingly, the best invoicing apps will cost you money. What are your options if you dont want to spend a dime? Well, you could try these invoice templates for Microsoft Excel or these no-registration one-off invoice generators. But if you are regularly creating invoices, you are better off with a dedicated solution. And if you dont want to pay, then you will want to look into one of the awesome free invoicing solutions covered in this article. Invoice Mini is our very own invoicing app that is used internally by our own writers. It was created with freelancers in mind, but anyone with invoicing needs can make use of it and come out ahead. Its extremely simple and lightweight, so if you are tired of fiddling with complicated accounting software just to get paid, you will love the straightforward design of Invoice Mini. And it is completely free with no ads, no in-app purchases, and no premium subscriptions. When you need to invoice a client, simply create a new invoice, add client details (which are saved for next time), select a template, add your line items, then send it off to your client in an email right from within the app. It could not be easier. The app can also track which invoices have been paid or not.
There are other reasons complete invoices are important. The better your billing practices are, the fewer questions your customers will have about their bills. As mentioned above, incomplete information can prevent customers from reaching you. They might genuinely want to pay their bills on time but be unable to do so. If your invoices are not complete, they may not be able to get their questions answered. That can result in delayed payments or no payments for you. However, even if they are able to reach you, it takes more time to correct billing errors. If your invoices were correct to begin with, you can spend your time more productively. Lets suppose you send out invoices that are not numbered or have invoice number errors. Whether you file them electronically or by paper, these situations can create tracking nightmares. You could end up with invoices from one customer being added onto the monthly statement of another. Or, when you try to credit one invoice it shows up on the statement of a completely different customer. These types of errors dont have to happen. Creating complete invoices ensures that the right customers get billed for the right products or services.
Vendors provide sales invoices to customers after the consumer pays for a good or service received. It is a written or electronic documentation of the transaction from the merchant to the consumer. It is important for companies to have evidence of all sales, to protect themselves as well as for record keeping purposes. The most basic purpose for a sales invoice is to keep a record of the sale. It provides a way to track the date a good was sold, how much money was paid and any outstanding debt. The invoice is an invaluable tool for accounting. It can also track which employees make sales and the items they sell. The government does not have a set system or template for the type of invoice a business should have. However, for tax purposes, it is imperative to record and maintain all sales invoices. The Internal Revenue Service suggests small business owners keep a running summary of all business transactions, of which invoices are a crucial part. This aids a company in filing taxes, ensuring the proper amount is paid and avoiding an audit.
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