Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. For any questions relating to your business, we suggest contacting an accountant or professional advisor.1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Our invoice template is published and made available for download for information only.

What is right for you will depend on your business structure and turnover.ĭisclaimer: MoneyHub does not provide accounting, tax, business or legal advice in any form. Hnry doesn't charge a monthly fee, whereas Xero does. If you find that you're sending too many invoices (a good problem to have) and want an automated system, we suggest looking at Hnry (if you're a sole trader, tradie, contractor and freelancer etc) or Xero (if you're a small business.If you have invoices paid late, our guide to getting debtors paid has details to help you get money into your bank account.We suggest printing the invoice to PDF and sending it via email to speed up payment.You may be provided with a reference or purchase order (P.O.) number by your customer - we suggest inserting that into the description of the items invoiced so it's visible and speeds up payment.The best approach is to keep things simple. this may not always be appropriate for your business, but usually, it will be. We've started the invoice list at '1' and '2' etc. If you don't have a business logo, we suggest ordering one at a fixed price via which costs from as little as around $15. We strongly suggest using a logo in your invoice - the MoneyHub placeholder is there to be replaced with your logo.We assume you'll be accepting payments by bank account, but we suggest reading our PayPal vs Stripe guide if you're looking at accepting credit card payments. Remember - cash flow is king to a business, and the sooner you're paid, the more possibilities you have to grow your operations. As a recap, a 30-day term means if you invoice on 1 March, payment will be due 31 March.

Our template has a standard 30 day due date, but this may not suit your needs. It's your business, so whether you want to be paid in 7, 14, 20, 30, 60 or even 120 days from the invoice date usually depends on your business and client. Important - make sure you set your payment terms. The description is the most important aspect - our design is specific to service-type businesses which don't follow a 'price X quantity' template. I wish you the best of luck - starting a business is exciting, and you can be any age to do it'. You're likely setting up your first business - our i nvoice template is designed to help you put your most professional foot forward when it comes to getting paid. To this day, I rely on Xero for every business I'm involved in because the invoices are automated and automatically reconciled. So I put together a professional invoice template to get paid quickly.Īfter leaving investment banking, I co-founded a tech business in 2012 digital invoices were all the rage and avoided the need to populate spreadsheets manually. Then, at university, a students club I co-founded was a prolific invoicer of corporates who eagerly sponsored it. I looked online, built something basic, and kept a record of my clients - invoicing made my lawnmowing business more professional.Īt age 18, I founded another business which was a B2B, and also sent a bunch of invoices. While I knew I'd always be paid, my dad kept telling me to make sure I had an invoice to send them so they could pay. 'I started my first business at around 15 when I mowed lawns for Invercargill people going to their holiday homes in Queenstown for summer.

Free invoices template