Just like the supply of products, there is another aspect of businesses wherein they supply services or professional advisory services. In this case usually – professionals work in a firm or LLC or they work as a freelancer. The range of services can be from legal advisory, management services, financial advisory to IT development and blockchain advisory etc. Thus, you will need a invoice format to ensure that your services are timely invoiced – once they are delivered. This template in excel for professional supply invoice is helpful for professionals and firms.
This template will help you capture the following information related to professional supply;
- Name of your company or firm along with address and other information
- Bill to – Name of customer, address and other information
- Ship to – if the delivery is at different location
- Description of service, quantity, unit price agreed and total price
- Discounts, if any
- Tax rate and tax amount
- Shipping and handling charges, if any. Else, you can include out of pocket expenses.
- Total invoice value
Now, in the above format, we have mentioned that OPE (Out of pocket expenses) can be included in the last section. However, depending upon the tax regime in various geography – it can also be taxable. Hence, if it is taxable – it should be included with the service details in the main section and subjected to tax rate. For example, in India – OPE is subject to GST.
Explore other similar consultancy invoice format by formatworks.
