Invoice Template / January 23, 2019 / Heidi Herring
Not only can you save a great deal of time by using one but it allows you to formalise the process and apply a more uniform framework to your invoicing format. This not only makes your invoices easier to understand but it helps at tax time also as your tax agent will have a better understanding of your paperwork. There are a number of various websites on the net that provide invoice templates. Many of these are provided in a turnkey format which allow you to download them immediately and begin using them with little or no customization whatsoever. These templates are typically provided in either Microsoft Word format or a PDF which can be difficult to edit unless you have the supporting software.
Invoice types may include an invoice for a particular service labor and materials invoice proforma invoice among others. Free templates are generally available in a variety of formats you probably already have on your computer such as HTML Microsoft Word Microsoft Excel or PDF. Some free templates include time-saving features like self-calculation for easy figuring generic logos or options to add your own logo automatic date stamping and easy drop down menus for selecting items or services to customize your invoice. Lastly you ll need to consider the production of your template.
Most small businesses depend on an office manager for performance of the whole range of routine management tasks-all the bookkeeping payroll correspondence scheduling and personnel matters. If the office manager gets bogged-down in any single task all of the other work suffers. Billing probably ranks second on the list of a business manager s priorities right behind managing the payroll. Therefore the more efficiently the business manager can manage accounts receivable the more efficiently he or she can move on to other urgent tasks. Most templates allow for routine summaries of billing and payments and most are compatible with other business software making preparation of profit and loss statements and forecasts more efficient and accurate. Invoice templates improve your accounting practices.