What Items are on an Hourly Invoice?
A professional invoice will include features that are common among most invoices, as well as some custom features that will only apply in certain situations. Therefore, you can customise your invoice to suit your needs.
Common features:
All invoices share some common features, including:
- Company name
- Business logo
- Contact details including email address
- An invoice number
- Client name
Custom Features:
Your hourly invoice also requires a few custom features. This allows you to create an invoice including:
Type of service rendered
If you’re a virtual assistant, your invoice should reflect the task you perform (i.e. creating a database of constituents for a political client). If you also performed other tasks, they should be itemised and added to the invoice in the same manner.
Hourly rate
The amount you charge by the hour for that type of task, and how many hours you spend on the task, followed by the total charge for that specific task. Subtotal your charges for each task.
Forms of accepted payment
Payment methods might include cheque, bank draft, debit card, or credit card.
Terms of payment
Payment terms outline how, when, and with what method your customers or clients provide payment to your business.
Taxes
Add any applicable sales tax before you compute the grand total. You can opt to not reflect taxes on your invoice and instead incorporate them into your fees, but be sure to set aside about 25% of your earnings to be prepared when tax season hits. And, depending on your state of residence, you may also have state taxes due.