Back to basics: Invoices and the invoicing process
There are many invoicing and accounting systems out there for small entrepreneurs, but as we all know, every euro counts. So if you've just started your company and you'd want to save more, you can still do invoicing the basic method. Here's how.
1. Your company's information
It's essential to add your postal address and VAT number for the invoice. You can also add your contact details in case the customer wants to make a reclamation.
It's essential to inform when the invoice is made, the period of the invoice work, usually a month, and the due date. The due date is typically set 14-30 days, but it can also be as short as one day. The shorter the cycle is, the better for your business, but your customers might not like it. Some clients will want to negotiate on these terms, but it's easier if you've already set the length in your terms and conditions.
2. Your customers' information
You should put your customer's contact details and address, but you might consider if you want to add the customer's identification number, especially if it's a private consumer. It's safer to make a customer ID for identifying the customer.