An invoice is a record of what your customer has bought and tells them how much they owe, when it’s due and how to pay you. You only need to send invoices when you haven’t been paid immediately – for that, you’ll only need a receipt.
An invoice is also a representation of your business, so it’s important to make sure your invoices look professional. It’s a great opportunity to show off your brand and reassure customers that you’re a legitimate business.
Get paid faster
The sooner you get an invoice in your customer’s hands, the sooner they can pay you.
Set clear payment terms, so customers know when payment is due, and make sure the terms suit your cashflow needs.
Stay on top of your GST
If you’re registered for GST, the invoices you create in the app help you keep track of the GST you collect. This helps avoid headaches at tax time and keeps the tax office happy.
FAQs
When should I send an invoice?
The timing of when you send an invoice can affect your business cashflow. The longer you wait to send an invoice, the longer it’ll be before you get paid. A lot of businesses encourage their customers to pay promptly by sending invoices as soon as the work is finished. But you might choose to send your invoices at a set frequency – like weekly or fortnightly. It’s really whatever works best for you. Just remember that a customer isn’t likely to pay you until they receive your invoice.