Basic Invoice Template - Excel, PDF

What is a basic invoice?

A basic invoice is a document that outlines the transaction between a buyer and a seller. It itemizes the exchange by recording the products delivered or services rendered and their respective costs and acts as a formal payment request from the seller. 

Benefits of a basic invoice

A well-made invoice offers several benefits to a business:

• Record keeping: An invoice helps with record-keeping for both sellers and buyers. You can use invoices to track sales, expenses, and transactions for accounting and financial reporting. 
• Improved cash flow: Melio found that 59% of American small and medium businesses struggle with late payments. By sending a clear invoice on time, you may have a chance of beating those odds and getting paid in a timely manner.  
• Legal protection: A detailed invoice shows the agreed-upon terms for the products or services. It can be convenient if you’re enforcing late fees to encourage customers to pay on time. 

How to create a basic invoice

Creating a basic invoice for your business is a straightforward process. Here’s a step-by-step guide:

• Gather information: An invoice contains information about the transaction and the involved parties. So, you must collect all the necessary information before preparing the invoice, including: 

• Your business name and contact information
• Customer’s name and contact information
• Description of products or services
• The associated cost of each product or service
• A unique invoice number
• Invoice date and payment due date — and payment term

• Use a template: Instead of creating an invoice from scratch, you can use great templates like HubSpot’s free basic invoice template — available as an Excel and a PDF template.
• Customize the template: Once you have chosen a template, make it your own by populating it with the data you gathered in the first step.
• Review and proofread: Review all the items on the invoice to avoid typos or missing zeros.
• Send the invoice: Save your invoice as a PDF or print it and then send it via email, mail, or your chosen communication channel.