Our friends at Sage have written some really useful content about setting up invoices.
Being paid what you are due is important but being paid on time is essential to avoid a strangled cash flow.
One option is to use an automated solution that takes payments directly from your invoices so you get paid on time. Meanwhile, a well-formatted invoice can make the difference to ensure you get paid quickly avoiding complication from incomplete or unclear information.
A well-designed invoice that covers all the required information will send a good impression to your clients and customers. A page with basic errors and unclear layout can make you appear unprofessional and is something that you will want to avoid.
There are specific legal requirements for what you must include in your invoice; it is different business types such as sole trader, limited company and those registered for VAT. Below is a full guide to creating an invoice for your small business. To help you be professional, we’ve designed a series of invoice templates that you can download at the end.
What should be included in an invoice?
A standard (non-VAT) invoice must include:
How to Pay the Invoice
A full or modified VAT invoice must show
A simplified VAT invoice must show