Did you know the global e-invoicing market is predicted to be worth almost $30 billion by 2027? That’s up from almost $9 billion in 2021.
That’s not surprising when you think about all the new business owners that joined the world after the pandemic led to job loss in 2020, but it can be difficult to get started with this if you don’t know what you’re doing. Luckily, we’re here to help you with exactly that.
Read on to learn everything you need to know about how to create an invoice template.
What Do You Need to Include?
There are a few essentials your template needs to include:
- Contact Details
- Payment details
There are a lot of different ways to include these elements within your template, but if you need ideas, you can check out these free invoice templates.
The first date to include is the original date your invoice was created. You’ll also need to include the due date. This specific date is going to depend on your contract, but it’s typically 30 days after the invoice was created.
It’s also important to include an invoice number so you can keep track of everything.
All that information goes in the top right corner.
Next up are the contact details of both you and your client. Your client’s details are going to go in the top left-hand corner, while yours are best placed in the footer.
You’ll need to include a name, address, phone number, and email for both. If you’re a limited company, then be sure to include your company number.
Next, there are a few things you have to include to ensure your invoices are legally compliant. That means a unique invoice number to help both you and your client keep track of their order.
You’ll also need to include the product or service, your rate, the total number of units (or how many hours it took if you charge hourly) the client is receiving, and then a price total. If your prices include taxes, be sure to include that separately and then add them up under “total amount due.”
If your client doesn’t already have this, they’ll also need your payment details. A great place to put this is next to your contact information in the footer of your invoice.
You might not immediately think about it, but your invoice is a great place to put your branding. Your logo in the upper left corner is a subtle, but effective way to do this. You can also consider placing a “thank you for your business!” statement somewhere on your invoice.
Ready to Learn How to Create an Invoice Template?
Now that we’ve gone over the basics, are you ready to learn how to create an invoice template? Whether you’re just starting your business or you’re simply looking to redesign your invoice template, our guide is here to help you throughout the entire process.
For more on the latest in business and branding, check out the rest of our website.