A free invoice template is a commercial document which is generally given by the seller to its buyer. It signifies the basic points of the transaction, like what was sold, date of transaction, price and quantity, name and full address of the buyer, and terms of payment. It establishes an obligation on the part of the buyer to pay as per agreed terms and conditions. The free invoice template is a very crucial document which not only fulfills legal requirements but is also useful for record keeping purposes. Therefore, it must include a business logo in this document and should be created in the proper format. Typically, an invoice will always be created by the company when the procedure of transaction may take place between the buyer and the seller. In other words, an invoice is a commercial document which a business can use to enumerate the facts of a transaction. It provides people with a way to use it as a legal slip which records the quantity of purchase, total price of goods, service charges, date of purchase, invoice number, and information about taxes.
Content of Free Invoice Template:
A free invoice template is a very critical accounting document for every organization and commercial business group. It aims to provide effective results in collecting payments for sold products. A professional invoice format, however, must include the following content to record the entry perfectly. These are given below:
1- Title: An invoice must clearly have title which indicates what sort of invoice this is.
2- Dates: It must have sections where you can add printing date, transaction date as well as payment date.
3- Invoice number: Every invoice is accompanied by a special code, which consists of a different combination of words and letters, which is called the invoice number.
4- Business information: A special section where your business information is given, such as; company name, address and contacts.
5- Client information: In this section, you need to write the name, business name and address of your client for future reference and information.
6- Product/service details: It includes what services or products are sold or purchased in this transaction.
7- The price: At what price services or products are sold or purchased, including any discount, commission, rebate or premium value per unit.
8- Tax: It is required by law that you must deduct tax on transactions under label; advance tax, value added tax, sales tax or any other tax, required by law.
9- The total: The total amount for which the transaction is made, either paid or promised to pay under mutually agreed terms and conditions.
Benefits of Free Invoice Template:
No doubt, you can prepare your own free invoice format by using our provided templates, which are prepared in MS Word and in Excel. These invoice templates which we provided on this page, are full of quality content and layout. No matter whether you are using these templates for personal purposes or business purposes, these are perfect for both usages. Moreover, to download these templates, you don’t need to get a paid subscription or membership. However, you will have to decide what format can meet your requirements. You can also choose to customize your selected free invoice format after downloading it.
Templates for Free Invoices
Free Invoice Template Word
Printable Free Invoice Template
Free Invoice Template Excel
Free Invoice Format Excel
Free Invoice Sample
Free Printable Invoice Template
Free Invoice Example
Simple Invoice Template Free
Free Invoice Maker Template
Free Standard Invoice Template
Free Invoice Design Template
Free Blank Invoice Template
Free Invoice Excel Layout
Free Professional Invoice Template
Free Invoice Template Xlsx
Free Invoice Template Download
Why use Software for Preparing Free Invoice Templates?
In current business practices, people love to use different software to produce invoices. There are many benefits attached using software which are given below for your ease:
Simple and Ease: Using software to generate invoices is a very simple and painless process. You can select a design for the invoice then add content and your invoice is read for print.
Easy to Share: Using software for invoice generation comes with multiple benefits, like sharing. You can send the same invoice to a client’s personal or through professional E-mail address. Moreover, the same invoice can be sent back to the Head Office, if required by manual.
Auto Correction: Software uses standard invoice formats, and if there is any code entered which is not for relevant product or services, then it will indicate promptly. Thus, chances of error and misunderstanding are eradicated.
Automatic Process: This software is used to automate the whole process of invoice creation. You just need to add relevant information as per given fields. It will automatically complete the rest of the process which includes; any calculations, identification of code of product or service, price of product or service, exact amount of tax which is required to deduct, sub-total or total after any discount or rebate and taking print.
Professional Format: Every software that comes with multiple layouts and designs of invoices. You can select design, layout and content based on your requirements. Moreover, you can use an editing option to alter or change the design of any invoice.
Online Status: This software which is available on the market can be connected to any online system or network. Which means, by sitting at home, you can check any current or previous invoice. You can further allow this special access to your staff members. With the help of cloud services, invoices can be obtained and shared anywhere from a physical address at any time.