hub_Invoicing

Should I always create invoice numbers?

Unique invoice numbers are a requirement for all invoices. Sequential unique invoice numbers are a requirement for VAT registered businesses. A sequential number system for your invoices will greatly simplify your accounting system, allowing queries to be dealt with efficiently.

What information should an invoice contain?

Generally, invoices must include the following: A unique invoice number. Company/business name, address and contact information. Customer company/business name and address. Description of goods and services supplied. Date the goods and services were supplied. Invoice date. The amount charged. VAT amount. Total amount. If you are a Limited Company and you decide to put the […]

What is an invoice?

An invoice is a business document that is sent to the person/company buying the goods/services. It explains what the customer has bought – i.e. it describes/lists the goods/services, showing the costs by item and also showing the total amount due to be paid. It will also explain how and when to pay.

When should I send an invoice?

There are no defined rules relating to when to send invoices. A general rule is that you should invoice as soon as possible after the provision of the goods or service.  This will enhance your chances of getting paid promptly.