By On Aug 13, 2019 Invoice Templates
Akaunting is a completely free web tool that lets you invoice, track expenses, and handle all of your freelance or small business accounting needs right in the browser. It works well on PC, Android, and iOS devices. Notable features include unlimited clients and invoices, billable expenses, inventory tracking for sales, dynamic reports, direct payment for invoices, per-client discounts, full accounting with deposits and transfers with bank accounts, and multilingual panels for admins and clients. What is unique about Akaunting is that it is open-source and you can download the software and host it on your own web server. You would still access it using a web browser, but all the data remains with you. For privacy-minded folks who want remote invoice access, Akaunting is a smart choice. Wave is the best-known invoice app on this list, especially for small business owners, but we have ranked it as fifth because it can be a bit slow at times and the interface can be a bit rough to navigate at first. However, Wave is completely free and comes in three parts, the Invoicing software (i.e. creating and sending invoices for payment), the Accounting software (i.e. tracking income and expenses), and Receipt Scanning (i.e. scanning receipts with a mobile device for expense tracking). Notable invoicing features include auto-reminders for overdue clients, professional invoice templates, custom branding for your invoices, invoice sending and management on mobile devices, see when clients view an invoice, automatic cloud backups, and more. You will only have to pay if you want to use Wave online payment processing or payroll management services. If you dont care about either of those, yes, Wave is entirely free to use.For any type of business to succeed, you have to get paid. Whether you do one freelance gig a month or run a full-time writing business, you need to calculate the time you have worked and bill your clients. That means you need to know how to write an invoice. But where do you start? How do you create a professional-looking bill? How and when do you send it to your client? If you plan to invoice clients regularly, its smart to invest in an invoice generator…so we will talk more about those in a bit. For now, lets review the basic elements of an invoice. We will also share an invoice example so you know exactly what to include. There is no need to be intimidated by invoicing. You have done the work for your client — that is the hardest part! Plus, your invoice does not have to be fancy. It just has to be professional-looking and do the job. The first item on your freelance invoice should be your business name or your full name, in professional and easy-to-read font. If you have a logo for your business, include that as part of the header. But dont worry, you dont need a logo, you can also just write your name in text. Whether you use a logo or text, the font size of your name or business should be a little bigger than the rest of the text on the invoice, and bolded for emphasis.
Add a date that shows when you submitted the invoice to the client. The date prepared line is important because you will need to refer to it if a client takes a long time to pay you. We will go into that shortly, under payment terms. Specify when, exactly, the payment is due. The due date is entirely up to you, but most freelancers — and invoicing systems — use a 30-day, 45-day or 60-day timeline. You can also make the invoice Due upon receipt, so the recipient is required to pay the invoice promptly. This should not be the first time your client has heard about the due date. When you agreed to do the work — and hopefully signed a contract, or at least agreed to terms via email — you should have set expectations with the client for payment terms. If the client does not pay on time, you can refer back to this due date, as well as the prepared date if necessary. It is typically helpful to the client if you specify your payment options — whether you prefer to be paid with cash, a check, a credit card or a service like PayPal. (If PayPal is your preferred payment method, it is smart to add your PayPal email address to the invoice, so they send the payment to the right place.) Some companies offer direct deposit if you work for them on a regular basis, but more than likely you will have to send an invoice to request payment every time you complete a project.
Managing your invoices with accounting software lets you focus on growing your business. Not to mention it helps make tracking your invoices a whole lot easier. Have you ever sent out an invoice and then wonder, what happens now? More importantly, how do you know if a payment is on its way? Consider switching your invoicing to the cloud to reap the many benefits such as improved tracking and added convenience of having all your invoices in one place. Choose accounting software that lets you customize your invoicing options according to your brand. No design background? Just have not got the time? No problem. Dealing with invoices might be among your least favourite tasks while running a business, but it does not have to be! Use accounting software to help handle and manage your invoices and streamline your invoicing process—so you can get paid that much faster.
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