Australia Invoice Template
Are you a business owner in Australia and need to create invoices every now and then for your clients? You can make use of WeInvoice free Invoice template Australia to draft one in minutes. Using this guide, you can figure out what the details should be. Our easy-to-use Invoice generator is also available if you want to create a more custom invoice.
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As easy as invoicing may sound, in reality, it is not a very simple task. However, your business will experience more efficiency in Australia when you employ invoice templates that make invoicing simple and less time-consuming. Generating invoices in Australia does not only present you as a serious-minded seller; but makes your business workflow more effective and your finances more balanced.
Why Would You Need an Australia Invoice?
The truth is, you are meant to be paid whenever you accomplish your client’s task. However, an invoice clearly states the terms by which to be paid. These terms are usually stated at the onset of a business transaction, but your invoices serve as a formal and legal method of claiming your payment. Below are some of the reasons you need an invoice for your business.
For keeping records
Invoices are proof of jobs done and charged for. It is therefore imperative you generate invoices and keep at least a copy of everyone you issue. The Australian Taxation Office typically charges businesses that do not keep a record of their previous sales transaction. Invoices are very useful in keeping records.
It prompts payments
Invoices are formal requests for payments. Your client understands this fact. Hence, they are prompted to pay you whenever you issue them a sales invoice.
It adds professionalism to your business
No one likes to deal with an unprofessional. Issuing an invoice to your client paints your company as professional and serious-minded. You cannot measure the value you add to your business whenever you generate invoices to demand payments from your clients.
How to Make an Australian Invoice?
Knowing the appropriate way to invoice your clients is a requisite for any business. Doing it the wrong way can be lethal to your business’ finances.
It would be best you utilize a standard interface for your invoice to make it easy for your clients to spot essential details. In addition, whenever you want to create your invoice, always bear in mind the mandatory requirements, which will be discussed shortly.
Australian Invoicing Requirements
In Australia, there are two methods of invoicing:
Tax invoicing
Suppose your company is licensed for GST. For each defined item (good or service) for which you are charging, your invoice must contain the GST sum, including any additional information about the items. This is regarded as the “tax invoice."
Regular (non-tax) invoicing
If your company is not GST (Goods & Services Tax) licensed, then a taxable component would not be included in your invoice. This is referred to as a “regular invoice" or just an “invoice.”
Tax invoices should contain the following details:
- Your business name.
- The Australian Business Number of your business.
- You must include the term “tax invoice" and tax invoice number at the top.
- The date you are issuing the tax invoice.
- A summary of each good or service or provided.
- Terms and conditions of the payment details. This can include your business’ bank account or BPAY details.
- You must include the buyer’s identity for sales of $1,000 or more.
Regular invoices should contain the following details:
- Your business name.
- The Australian Business Number of your business
- You must include the term “invoice" and invoice number at the top.
- You must include the statement “GST has not been charged" at the bottom of the document.
- Terms and conditions of the payment details. This can include your business’ bank account or BPAY details.
Create an Invoice With WeInvoice
Design your own business invoice and add as many customizations as you need in your invoice. Improve the efficiency of your business by using a quick and easy invoice generator service from WeInvoice.
FAQs
Can I issue any type of invoice to my clients?
NO! Issue a tax invoice to your clients only if your business is registered for GST. If not, issue a regular invoice.
Are invoices helpful for my business?
Invoices are helpful for every business seeking to maintain professionalism and efficiency.
Finally, you cannot afford to shun invoicing as a seller in Australia. If you need to generate invoices for your business, our website has amazing invoice generators to help facilitate faster payments for every job you complete.
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