Whether you’re a freelancer or a small business owner, you can download a free invoice template for your specific needs. Create and send professional invoices as a PDF, in Excel or as Google sheets, and in Microsoft Word or in Google docs.
Get tips on what to include according to what you do and how to use professional Invoicing Software to get paid fast either through online payments or credit cards.
Most small businesses need a general invoice that stands out. Fill in, customize, and send out your small business invoices to your clients with the help of some useful tips about what to include, how much to charge, and more.
Working as a freelancer means you’ll have to stay organized and implement a professional invoicing process that works for you. Download a free invoice template in word and learn what to include, how much to charge, and when to send invoices to your clients.
Looking to up your invoice game? With QuickBooks Online you can send customized, professional invoices from your phone or computer, no matter where you are. Smart predictions make it easy to know when your invoices will be paid, you can even automate gentle reminders for overdue invoices.
Get paid fast with payment-enabled invoices. Add an optional “Pay Now” button to invoices, so your customers can pay directly online with a variety of payment methods.
Track outstanding invoices and get alerts when your invoices are viewed and paid.
Send payment reminders to your customers from within QuickBooks Online.
Set up recurring automatic invoices on any schedule you choose.
Customer information is automatically pulled in, making prep simple.
May involve more steps to issue, and for customers to complete payments.
Require manual entry and calculation of customer and sale information.
Need to be manually tracked and monitored.
Require manual follow-up for payment reminders and past-due payment notifications.
Late payments may lead to cash flow problems.
Every self-employed individual or business owner must have a trade or business name registered with the Philippines Department of Trade Industry (DIT). Additionally, it is important to have a tax number from the Bureau of Internal Revenue (BIR).
The requirement to issue a Sales Invoice becomes even more important when a Philippines company is in the business of selling goods or services. This is due to the statutory requirement under the local tax law to issue a BIR Approved Sales Invoice with each transaction for the sales of products or goods.
Other things to include:
Value Added Tax (VAT) is a form of sales tax. It is a tax that is added to the sale of each product or service. In the Philippines, the VAT rate is 12%.
It is important that a company’s invoice indicates whether it is VAT or Non-VAT registered as the amount of any VAT payable will impact the total amount payable by a purchaser.
The requirements for issuing invoices to overseas companies are the same as the requirements for invoicing to local Philippines businesses.
However, the VAT can carry on the nature of the business and the industry. So, refer to the legal framework to avoid any confusion.
