Invoices are necessary and important tools in the work of any freelancer, self-employed, and independent contractor. While everything is quite simple and clear with payments per unit, not everyone knows what to do with the hourly rate. In this article, you will learn how to invoice for hourly work and what information should be included in such a document.
Creating an Hourly Invoice to Get Paid Faster
A professional-looking and high-quality hourly rate invoice guarantee that payment for completed tasks will arrive on time. When creating such papers manually, a lot of time is spent, and there is a possibility of making critical mistakes. The best option is to use ready-made templates and modern software like Invoice Maker by Saldo Apps. So you can issue invoices on the go and spend much less time on the whole process.
When using hourly invoice templates, you should be aware of their difference from regular documents that specify payment per piece. In this case, you should track the time spent on a particular task. To make it easier for you, the service from Saldoinvoice has a built-in tracker, information from which you can easily transfer to your form. So you can define billable hours up to seconds and get paid for them according to your contract with a client.
How do billable hours work? When used with the right templates, they work just like pay-per-unit products. It’s only important to discuss all the nuances of compensation for the time spent with a customer at the stage of agreeing. For example, you need to discuss how to include in a self-employed invoice template hours worked. It refers to how exactly you will round the resulting intervals. It’s necessary so that a client has a clear idea of payment. So, for example, you can choose a step of 30 minutes, and then if a task takes you 3 hours and 20 minutes, round this figure up to 3.5 hours.
Also, specify which types of work imply which rate. If you work on a large-scale project with multiple tasks, they have different complexity and, accordingly, value for the whole project. It should be clearly reflected in the invoice hourly rate. If you’re unsure how to differentiate between pay, find out the average income for similar jobs in your industry.
What Information Invoice for Hours Worked Should Include?
Like any other payment document, a timesheet invoice should include essential information about a contractor, client, work performed, and payment. You should provide the following data:
- title “Invoice,” paper ID, creation date, and payment terms;
- information about you and your client: name or company title, phone number, email, address, and so on.
- complete list of services provided: task names, rate per hour, the total number of hours spent, and extra details;
- discounts, shipping costs, and the amount payable;
- available payment methods;
- your comments, tips, and manuals that will help an orderer pay faster.
That’s what to put in an invoice to make it look professional. Some types of work include not only the provision of services but also the delivery of some goods. In this case, you can also add items paid with the rate per unit to your invoice per hour. The system automatically sums up all the services and products included in the list and shows the final amount to be paid.
When you’ve completed your document, double-check it for errors and typos. The finished paper can be sent to a recipient by email or using a link. If necessary, download the file to your device and even print it if this option is more suitable for your client. Everyday tasks like time invoicing become convenient and easy with the right tools at your fingertips.