An excellent package of transactional details offers you a Word consultant account template. For more information on why you should keep such a record, here is a useful point for you. Third, to promote timely payment, define the consequences on late payments. One of the best ways to do this is a combination of a flat-rate tax and an interest subsidy. A late payment fee should be levied if payment has been expected for one month of invoicing. For example, if payment is due 15 calendar days after the invoice date, schedule three to five calendar days for shipping and collect a late fee, such as five calendar days after the payment date. You can choose a late fee of between 2 and 5% of the payment due. If the payment is $2000.00, the 3% late fee is $60.00. The great thing about an Excel consultant account template is that you can customize the appearance of invoices to reflect the image of the company. It is possible to outsource the design work if you do not want to design the consultant account template from the bottom up. The resulting consultant account templates can then be tailored for individual clients.
Download or design a customizable Excel consultant account template. Choose the billing system manually; or electronically, depending on your budget and plans. If you have opted for a manual billing system, there is room to add your requirements, and if the automated and electronic software offers adjustment space. For consultants, invoicing is a critical phase of the business process that ensures revenue is received and managed efficiently. .