Contractor Invoice Template
Invoicing is the most essential skill for independent contractors to master because it’s the only way to get paid on time and remain competitive. You must be constantly managing various projects that may have diverse billing terms and conditions. To send accurate invoices, independent contractors need to track their working hours and create a detailed independent contractor invoice as soon as they are done with the project. A professional contractor invoicing is the key to maintaining effective financial accounting for small businesses owner.
How to Create a Contractor Invoice Using a Template?
Follow the instructions given below for creating a more effective professional contractor invoice format.
Here is the step-by-step process of Contractor invoice template:
- Download the free contractor invoice template from InvoiceOwl
- Label the document as an “INVOICE”
- Add your business information with company logo, name, and contact detail
- Fill in your client’s name, concerned person’s name, mailing address, and contact detail
- Add an invoice number, invoice date, and expected payment date
- List out the description of services rendered
- The price for the services
- Calculate the total cost and include the net amount at the bottom of your professional invoice
- Note down the terms and conditions and late payment fees
- Mention the preferred payment option
- Send an invoice to your clients via email
Choose Free Contractor Invoice Template
Pick the best niche-specific template for your contracting agency
Helping your clients build the home precisely as they have imagined is a tough job. But, paying you on time you expected will not be tedious for your clients if you use this template. Download this home refurbishment template and get paid quickly.
Carpet & Flooring Services
If you provide carpet and flooring installation, you need to mention the work done and the hours you worked too. Thus, this invoice template for carpet & flooring installation work lets you state the area you covered and the hours you clocked. So, what are you waiting for? Click on download now!
Tree Cutting Services
If you have the landscaping & tree service site far away from your office, you don’t need to visit the office to issue an invoice. With this invoice template for landscaping and tree cutting services, you can invoice your clients from right on the site through your smartphone.
You know which wire goes where. But, you might don’t know which invoicing element goes where on an invoice. For that, download this electrical services invoice template. It lets you create professional invoices for your services and help you extend the contract with the client.
If you help clients run their gadgets like refrigerators and washing machines smoothly, this free invoice template helps run your accounting smoothly. Download this gadget service invoice template and let the client understand your charges.
Why is Invoicing for Independent Contractors Important?
Independent contractors frequently perform various services under the contracts they have agreed upon with an individual or a company. This situation can often make it confusing when it comes to collecting payments, managing accounts, and keeping business finances accurate. That is why it is important to have an invoicing solution for independent contractors.
To invoice your clients, you may have hired an accountant or using online expensive accounting software. However, such solutions can be complicated and even you might have to pay a huge amount for getting a premium version. But, fortunately, there is a better solution. That is independent contractor invoice templates.
With the general contractor invoice template, you can create detailed invoices free of cost in just a few clicks. So, you can spend most of your time on what you do the best and make sure that clients pay you for the services you have offered.Now, let’s discuss how you can invoice as a contractor to request payment.
The templates for contractor invoice can be used by:
Suitable Invoice Types for Contractors Invoice Template
Depending on the contract you have agreed upon with your client, you may want to use a particular type of invoice that helps you get paid online in the right way and at the right time.
Standard Contractor Invoice
A standard contractor invoice is a simple invoice that indicates how many services you have provided and how much the client owes you.
You can use credit invoice templates whenever you offer a refund to the customer and/or there is a plus balance on the client’s account.
As a contractor, you can use a debit invoice to notify the client that you owe you a given amount of money.
You can use recurring invoices to accept ongoing payment requests from your clients.
A contractor can use a prepayment invoice to request payment in advance to start a project.
Most of the contractors use this type of invoice to charge based on the hours they spent on a particular project.
Whether your business is in construction, landscaping, consulting, photography, auto repair, or the medical field, invoicing takes way too long. That’s why we’re here. InvoiceOwl makes your invoicing faster and simpler so you can get paid promptly and without the hassle.
Elements of a Contractor Invoice
Once you have downloaded an invoice, you should consider following the basic elements which should be considered appropriately.
Mistakes to Avoid As a Contractor
Once you have created a bill, there are certain contractor invoicing mistakes that need to avoid, some of those mistakes are:
Forget To Track Your Working Hours
It is important to set up something where you can track your hours as soon as you begin your project as a contractor. Most of you must be charging your customers per hour. You need to keep track of your hours manually or using any time tracking software, you can also simply write the starting time and end time of a specific project in an excel sheet. You can also include a brief description of the contracting work or a task you have completed so far. The ideal is using a cloud-based time-tracking solution to keep track of your hours, with such a solution easily tracking your time you will be able to streamline your time and won’t forget to track your working hours.
Failing To Send Invoices Immediately
Most of the contractors fail to send out your invoices as soon as they complete the project. That is the biggest mistake they make. It is said that the faster you send out your invoices to customers, the faster you will receive the payment.
So, as soon as you complete a project within a given time frame, you need to start creating a contractor invoice and send it along with the final work. If you are sending a bill along with the last project work, the project will be fresh in your mind, and you won’t forget to bill for it afterward.
Not Formatting Invoices Consistently
As a contractor, you must be constantly working on different projects with a variety of tasks and services. So, you have to fill out different designs of invoices from job to job, which sometimes wastes your time, and sometimes it looks less professional in the eyes of your clients.
Free Invoice Template vs. InvoiceOwl Invoicing Software
Want to know what’s best for you? Let’s compare the free invoice template and the InvoiceOwl invoicing app and see the advantages the InvoiceOwl app offers you.
|Features||InvioceOwlStarter$0/month||Free Invoice Template Free|
Send unlimited invoices and track them in real-time
Automate reminders for late payments
Issue receipts automatically when the customer pays
Record sales & sales taxes, and generate reports
Save clients with all the client information
|Create Your First Invoice Now||Download Template|
Frequently asked questions
How do I invoice as an independent contractor?
You can invoice as an independent contractor using an independent contractor invoice template. You just need to simply follow the steps that should be included in a contractor invoice. You can choose any type of invoice template that is suitable for your business requirements.
How do I write a contractor invoice?
To write a contractor invoice you need to include some specific details into your invoice. Such as your small business details, clients’ details, description of the services you have provided, the number of hours you have worked, the total amount due, and the terms and conditions. You just need to make sure you are including accurate details into your invoice to collect payments quickly.
How do I create a self-employed invoice?
A self-employed invoice is an invoice that a freelancer or contractor creates for their freelancing business. Such invoices are not different from the regular invoice, it is the similar way that you create an invoice for any of your clients as a freelancer. You can use free online freelancer contractor invoice templates and edit them according to your needs.
How do I make an hourly invoice?
To make hourly invoice templates, first of all, you need to track the hours you have worked for the particular project. You can use Microsoft Excel or any other online time tracking tools to track your freelance working hours. Then you can include those hours and your rate per hour in your hourly invoice templates. But make sure your clients agree to pay by hourly based rates for the project.
InvoiceOwl is a feature-rich invoicing software that helps small businesses, freelancers and contractors to create invoices on-the-go and get paid quicker!