If you are a commercial seller or independent service provider, you should use an invoice for the following reasons:
Conveys professionalism: Whether you are operating a business or you are an independent contractor, using invoices helps show customers and clients that you are a professional who they can trust. Building trust with customers and clients helps with growth and retention.
Provides clarity: Invoices present customers and clients with a breakdown of the pricing so they can understand exactly what they are paying for. Without a breakdown of pricing, customers and clients may have to email or phone, which can be a hassle for both them and you.
Keeps you organized: Creating invoices is essential for keeping your financial files organized. Having organized files can help during tax season. Also, invoices help you track outstanding payments.
Encourages timely payment: By providing customers and clients with invoices, you give them the opportunity to pay you without you having to reach out for payment. Invoices can serve as a reminder to them that payment is outstanding.
May provide legal protection: If a client or customer does not pay you and you have to take legal action, having a paper trail can be very helpful. By having a record of the date that you requested payment, you can better present your case.
Using an invoice template is a great option because it makes your invoices consistent and professional. Also, invoice templates are incredibly easy to use.
Our simple invoice template is perfect for small business owners, freelancers, contractors, consultants, service providers, and more. It is customized to Canadian currency and allows you to create a single invoice or a reusable template. A reusable template gives you a blank invoice you can fill in repeatedly for new transactions.