An invoice is a formal document you send to a client to request payment for completed work. It's the cornerstone of getting paid as a freelancer.
What is Invoice?
An invoice is a formal, itemized bill you send to a client. It details the services you provided, the amount due, and the payment terms. Think of it as your official request to get paid for your freelance work.
Why is this important?
Invoices are essential for getting paid on time. They create a clear record of the transaction for both you and your client. This helps prevent payment disputes and is vital for your bookkeeping and tax records.
How does it work?
After completing work, you create and send the invoice to your client. It should include your details, the client's details, a description of the work, the total amount, and the due date. Clients then process it according to their payment schedule.
Pros and cons
Key pros include professionalizing your business and tracking income. The main con is the administrative time required. You can mitigate this by using templates or invoicing software to automate the process.
Conclusion
Mastering invoices is a non-negotiable skill for freelancers. A clear, professional invoice accelerates payment and builds client trust. Make invoicing a consistent part of your workflow to ensure a healthy cash flow.
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