Made your first sale and now need a sales invoice template to use?
Tried creating a sales invoice and don’t know what / what not to include?
Here is a simple guide to what you need to include in a sales invoice.
Sending sales invoices is a key part of running a business and supporting your cash flow. You need to get your invoicing right to ensure you keep collecting money.
What is a sales invoice?
A sales invoice is given to your customer for any goods or services supplied by you.
What must a sales invoice include?
- A unique invoice number
- Your Company name and address
- The customer name and address
- A description of what you are charging the customer for
- The date that the goods or service was provided (supply date)
- The date that the invoice is raised
- The amount(s) being charged
- The total amount owed
- Any terms of payment
If you are VAT registered, you must also include the VAT amount and rate charged
Here is a free invoice template you can use for yourself – Invoice Template
At MBS Accountants though we utilise Xero as much as possible including the use of the quoting and invoicing system. This goes beyond using a template. It allows recurring billing, inventory products/services to avoid repeat typing, automatic direct debit collection, online card payment facilities and mobile friendly invoicing too.
If you are interested in saving more time and money using Xero’s invoicing facilities, please book a discovery call and we can help you decide which package is best for you!