The Best Invoicing for Sole Traders
As a sole trader, the success of your business rests squarely on your shoulders. Get some assistance from FreshBooks and create invoices online easily to get paid twice as fast.
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Are you in search of a quick and reliable way to bill for your work as a sole trader? If so, your search ends here.
With the help of the sole trader invoice template and additional resources from FreshBooks, you can create detailed and professional invoices in a matter of minutes.
Create your first invoice today to set yourself on the fast track to getting paid without the help of an accountant.
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What is a Sole Trader Invoice Used for?
As a sole proprietor, getting paid is important to you. You carry the weight of your business on your back and you deserve to get paid for your hard work.
Using an invoice ensures that you get paid the right way every time.
As long as you properly fill out the invoice template provided by FreshBooks, your bill will allow your clients to easily pay what they owe for your services.
In addition to collecting payment, an invoice can serve as a useful financial record that will provide the information required when tax time rolls around. Creating professional invoices now can help to avoid headaches later. Here are some of the benefits of using a sole trader invoice:
- Bill your clients with clarity
- Stay on top of looming due dates and unpaid balances
- Organize client account information
- Keep a record of financial information and transactions
- Prepare for tax time
- Make bookkeeping quick and easy
How to Create a Sole Trader Invoice
You need to let your clients know exactly how much they owe you, why each charge has been made to their accounts and how they should make a payment.
With the help of the self-employed invoice template from FreshBooks, creating invoices has never been easier.
- Download your free sole proprietor invoice template FreshBooks
- Include your business name, contact information and branding
- Add the client’s name, business and contact information
- Create and include a unique invoice number
- Fill in a date of issue and a payment due date
- List services the services you’ve provided with descriptions and costs for each
- Add up the total cost and list on the invoice
- Include clear payment instructions, along with payment terms and conditions
Creating an invoice with the help of the resources from FreshBooks is pretty straightforward.
You will start by downloading the sole proprietor invoice template. Next, you will want to add you businesses media and contact information, in addition to contact information for your client.
It is wise to include a breakdown of charges made to your client’s account with clear instructions on how to pay the balance. Including all of this information allows your client to make payments without any confusion.
Invoice Types for Sole Traders
Since the types of clients you serve vary, it is wise to have some different invoice styles up your sleeve.
When choosing a type of invoice for the bill you are creating, you will want to consider the nature of the project you are working on.
Selecting the most fitting type of invoice to create is important and can truly make or break the invoice you’ve created. Types of invoices for sole traders include:
- Standard Invoice
- Recurring Invoice
- Prepayment Invoice
- Time-Based Invoice
- Credit Invoice (or Credit Memo)
- Debit Invoice
- Mixed Invoice
Whether you’re working with your client on a one-time basis or you’ve committed to a long-term gig, there is an invoice type for you.
Choosing the type of invoice that perfectly communicates the charges made to the client’s account makes a huge difference.
Which style will you use to create your first invoice?
Download a Sole Trader Invoice Template for Free
What are you waiting for? Now is the time to download your free invoice template from FreshBooks and create detailed and professional invoices.
From the UK to North America, sole proprietors like you are using these helpful resources to bill their clients.
It is time to ditch your accountant and make bookkeeping an in-house job. Your payment awaits.
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