Invoicing And Receiving Payments

In order to make your finances easier to deal with, you must go through the proper channels when receiving payments. This involves raising an invoice and raising it to your clients when payment is due.

But there’s much more to creating invoices than meets the eye. In order to raise invoices properly, there are important legal regulations you must adhere to and include:

  • Include the word ‘invoice’ in every single one you create
  • Ensure every invoice has its own unique number – this will make finding specific invoices easier and will follow-on in sequence from any previous invoices you may have sent
  • Include your company’s registration number, name and registered office address on every invoice
  • Also include your client’s name and address
  • An accurate yet concise description of the products or services provided
  • Time of service supply if different from the date of invoice creation
  • Give a breakdown showing specific unit prices before and after VAT, current VAT rate, amount payable and total VAT charged

 

Our Packages

Bespoke Packages start from £95 per month plus VAT.

Tax Investigation Protection is included in our Prime and Prestige packages.
Please click here for more information on our Tax Investigation Protection service.

Click here to view all our packages.

FreeAgent, cloud accounting software for small businesses and freelancers

At Global Accountancy and Taxation, we’ve chosen FreeAgent as our preferred accounting software for our small business, freelance and contractor clients.

Easy-to-use accounting software

Designed specifically for small businesses and freelancers FreeAgent makes it simple to stay on top of your day-to-day bookkeeping. At the same time working alongside our team of qualified accountants at Global Accountancy and Taxation ensures you receive the best tax planning and business advice.

Click here for more information.

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