Create invoices quickly. Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds. Recurring billing for repeat customers. Get paid on time, every time. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. How to Create an Invoice in Microsoft Word. An invoice is a formal business document presented by a dealer to a client. Like a receipt, it also states sale transactions, products, ordered quantities, and payment agreement of the products or services provided to a certain client.
The significance of invoicing
How To Create An Invoice & Make More Money Consistently Selling
Invoicing is one of the most important aspects of your sales process and overall operations. Small business owners rely on accurate and timely invoicing to drive cash flow through their organization.
Invoicing is often a tedious process, commonly requiring active follow-up and payment reminders once a due date has passed. Even with regular follow-up, unpaid invoices can pile up and become a real problem. As such, small business owners should get started to improve their invoicing and payment process before that happens.
Electronic invoice templates offer convenience and security
Electronic invoices are the norm in business today and most businesses maintain invoice templates that allow them to quickly issue new invoices and ensure the accuracy of the terms outlined. The ability to issue electronic invoices, collect digital signatures, automate payment reminders, and monitor how a client interacts with an invoice in real-time gives small business owners peace of mind.
It’s important to get your invoice template tuned to your specific needs as a business. Invoicing is intrinsically linked to your organization’s payment process, and many businesses choose to indicate acceptable payment options (e.g., PayPal, credit card, bank account number) on their invoices. Working from a template is particularly helpful when entering the wrong information into your invoice can lock your organization into a bad agreement.
Luckily, PandaDoc offers its users the ability to upload their own template through the user dashboard, which they can then modify and interact with via PandaDoc robust user tools.
Once you’ve created an invoice template, the PandaDoc “Transfer Data To” feature allows you to transfer potentially recurring information between documents. This includes company information, the invoice recipient’s name, address, contact info, and more which can be transferred automatically to all new documents instead of requiring you to input existing data unnecessarily.
You can also use “Content locking,” “Approvals,” and the “Transfer Data To” features to prevent reps from making unapproved edits, to ensure proper approval workflows are observed, and to minimize the risk of manual errors and improperly entered data.
PandaDoc helps users generate new electronic invoices, monitor due dates, and collect digital signatures on sales contracts within a cloud-based user interface. With a strong and customizable invoice template, you can go from receiving a purchase order to issuing your next invoice number in real-time, helping you generate positive cash flow through your business much faster.
PandaDoc also offers users prefab invoice templates to help them get started quickly.
If you’re a small business owner, you need to know how to create an invoice. The good news is that it’s pretty easy, especially if you use the right tools to streamline the process.
When it comes to creating an invoice, you have options. If you’re new to invoicing, there are plenty of services that provide basic invoice templates. If you’ve been invoicing for a while and are looking to upgrade your process, there are also invoicing software programs that can make invoicing your customers simple and painless. Square Invoices let’s you create and send professional invoices from your computer and now your phone. Here are five of the most popular ways to create an invoice.
Get Started With Square Invoices
How To Create An Invoice Number
Send online invoices from anywhere to get paid fast.
1. How to create an invoice in Google Docs
Google Docs provide an easy-to-share option for creating an invoice document. With easily downloadable templates you can quickly generate an invoice, or start from scratch and create your own. To use a Google Docs invoice template:
- Log in to your Google account and go to your Google Drive.
- Click the “+ New” button and scroll down to Google Docs in the drop-down menu. Click the arrow next to it and select “From a template.” This brings you to the templates page.
- Type “invoice” in the search bar on the templates page. A selection of invoice templates should appear in the results. Review the choices and select the best invoice template for your business.
- Fill out the new page with the template you selected. This includes custom entry fields with things like company name, address, phone number, email, logo, payment terms, and official payee name for receiving payments.
2. How to create an invoice with a free invoice generator
If you’re not using any of the above programs or their templates, you can use a free invoice generator. Square and a handful of accounting software services, like QuickBooks, offer professional invoice samples. To use a free invoice template from Square, follow these steps:
On the Square invoice template page, select the color and file format for the invoice you want to create.
Enter your email address in the pop-up and the template will open in a new tab. If you don’t see the template pop up immediately, check your pop-up blocker settings for Square’s website.
Add in the entry fields for your business name, customer name, sent and due dates, the items, and the amounts.
Download your invoice and send it to your customer as an attachment.
3. How to create an invoice in Microsoft Word.
There are a variety of easy, professional-looking templates in Word. Creating invoices this way can work well, especially if you are most familiar with the software. However, it can be also a bit cumbersome. This is especially true when it comes to getting paid. Printing and sending paper invoices via snail mail can have a long turnaround time.
And even if you’re sending a Word file via email, you have to figure out the best method for customers to pay you. Usually this involves using a third-party system (like an online payments app) or having them send along a physical check. But if you still prefer to create invoices in Word, here’s how you do it:
Choose from Word’s invoice template under New in the File menu.
Look for the Invoice icon in the dialog box (usually on the left-hand side), and select the invoice type that best fits your needs.
Set a professional header that contains your business’s contact information: business name, mailing address, phone number, email, and business logo.
Put in the client’s information (usually underneath and on the opposite side from your company’s contact info). And be sure to include the name of the business, mailing address, phone number, and email.
Include the unique invoice number, date the invoice was prepared, and a payment due date.
Indicate the payment method to set clear expectations.
Break down products or services into line item descriptions, along with charges associated with each. Calculate the total, including any applicable sales tax, delivery fees, etc. It’s helpful to put the grand total in bold font so that it clearly stands out. Then, download your invoice.
How To Create An Invoice & Make More Money Consistently Received
4. How to create an invoice in Microsoft Excel.
Excel offers a variety of clean, easy-to-use invoice templates, depending on your needs. However, you may run into the same logistical challenges as sending invoices via Word.
Open a new workbook from the File menu and then look for the Invoice icon in the dialog box (usually on the left-hand side).
Choose the invoice type that best fits your needs — from a basic product invoice to invoices for specific types of services.
Fill out the custom entry fields with things like company name, address, phone number, email, logo, customer ID (if applicable), payment terms, and official payee name for receiving payments.
Be sure to include a unique invoice number, a description of products or services, and the client’s information.
5. How to create an invoice online with Square Invoices.
Square Invoices has professional, ready-to-go invoice templates that you can use to stay organized and save time. All the invoices are organized in one place (your Square Dashboard), so it’s easy to keep track of what’s been paid and what’s outstanding. Square’s online invoices are customizable, which means you can do things like apply discounts (without having to do the math on your end) and add a custom tip field (in case customers are inclined to leave you a little bonus). You can even enable invoice scheduling or recurring payments to give yourself greater flexibility when it comes to sending invoices.
Square Invoices has clear pricing — it’s only 2.9 percent plus 30 cents per paid invoice. If your client pays with a credit or debit card stored on file it’s 3.5 percent plus 15 cents. And invoices are easy to send — you can shoot them out directly from your mobile device or your Square Dashboard.
How To Create An Invoice & Make More Money Consistently Will
Creating a Square invoice on desktop
Go to Invoices in your online Square Dashboard.
Click Create Invoice.
Select a customer from your Customer Directory, or enter a new name and email address. You can enter up to nine recipients.
Add the invoice details and any applicable discounts.
When your clients receive the invoice in their email, they can pay you securely online. The money is usually transferred in your bank account in one or two business days.
Creating a Square invoice on the invoicing app
- Download the Square Invoices app on your iOS or Android device.
- Create your free Square account or sign in with your existing Square account.
- Tap the ‘+’ sign on the navigation bar and select ‘Invoice’.
- Tap ‘Add Customer’ and either select an existing customer from your Directory or tap ‘Create Customer’ to enter your customer’s name and email address.
- Tap ‘Add Item’ to add an item from your Item Library or add a custom amount.
- Add a custom message, set automatic reminders, or request a deposit if needed.
- Tap Send.
- When your clients receive the invoice in their email, they can pay you securely online. The money is usually transferred in your bank account in one or two business days.
Learn more about the Square Invoices app.