Published at Wednesday, 01 May 2019. Invoice. By Sinclair Papin.
For anyone thats involved in business, documentation and invoicing especially can become a real tedious part of being self employed. For the the most part, unless you have the luxury of a hired assistant, having to do constant invoicing and bookwork, can really slow you down. This is why it makes perfect sense to use a premade invoice template. 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.
Where to find one? There is an absolute abundance of invoices available online. Literally thousands of websites offering downloadable invoices in various formats, such as Word, Excel and PDF. Most are free to download, whilst others are paid. Typically it's a matter of you get what you pay for. Many of the free ones are quite basic, and limited in their functionality, whilst others, include ready made formulas which perform calculations, suitable for larger businesses and corporations. These are usually downloadable at a small fee. If you're looking for a decent invoice template, try to avoid downloading the first one that you stumble across on the web. Chances are it may not be customizable, or for that matter, suitable to your business at all. Take some time to investigate your options online and download a template that is a better fit for your business needs.
Invoice templates improve your productivity. Even if you feel more than willing to shoulder most of the workload, creating your own invoices does not represent the best use of your time. Use invoice templates to assure than you and all your employees devote their time to the business's most important and productive activities. 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.
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