Looking for simple steps for sending an invoice as a contractor? Look no further!
How to write a contractor invoice
Knowing how to create a correct invoice is crucial. Without the correct information, you may find it difficult to get paid in full and on time. When you find yourself in that situation, you end up spending more time chasing for your owed money and less time providing services to your clients.
Here are some simple steps for writing and sending an invoice as a contractor:
1. Identify the document as an invoice
Be clear to your client that you’re sharing an invoice with them, labelling the document as an invoice.
2. Include your business information
Including your name, address, phone number, and email address on the invoice, is common practice. If preferred, you can also include your company name and logo.
3. Include your client’s contact details
You should include the same details for your client, as you have yours. Company name, address, phone number, and email address are important.
4. Provide details of your service
In the invoice, include a list of the services you provide, with as much supporting details as possible. The more information, the more chance your invoice will be approved the first time. At the very least include:
- Description of services
- Number of hours worked or quantity
- Pay rate
- Subtotal for each service
5. Provide the amount due and payment terms
Once all the above is done, don’t forget to provide the total amount due and your payment terms, such as:
- Payment information related to your preferred method (PayPal, bank transfer, credit card, etc.)
- Your late fee policy, if you have one
Common invoice mistakes
Now that you know how to write a correct invoice, it’s important to be aware of the most common mistakes:
- Forgetting to track your hours:
- Waiting to long to send invoices
- Inconsistent formatting:
- Neglecting to include payment terms
- Waiting to follow up on late invoices
How Wise can help
Wise provides a simple service that helps drivers efficiently manage their income.
- Raised invoices – We’ll liaise with the company you provide services for and raise an invoice on your behalf.
- Payment technology – We process your income on behalf of the company you are working with.
- Perks – Access to a full suite of perks directly from the Wise app, including digital GP, mental health support, van assist, discounts and perks mobile.
By using our service, we remove the chance of the common mistakes occurring and ensure you get paid correctly and quickly each time!
