Invoice vs receipt: What's the difference?

An invoice is a request for payment. Whereas a receipt is the proof of payment. Examples: Buy a coffee in a cafe, you will get a receipt Get a tradie to do some plumbing and they will send you an invoice.

What's an invoice number?

An invoice number is just a unique identifier that many businesses add to their invoices when sending them to clients. Used as a way to track payments and keeping the business organised.

Regular invoice: If you run a business that is not registered for goods and services tax (GST), your invoices won’t include a tax component. They should not include the words ‘tax invoice’. Tax invoices: If you’re registered for GST, you must provide tax invoices. Tax invoices include the GST amount for each item along with some extra details.

What is an invoice used for?

An invoice is a document used for recording an agreement between a business and a customer. Invoices outline the product or service provided, the amount owed and the date due. Invoices include payment terms, bank details etc to help ensure the business is paid on time.

Small Business Resources › Invoicing Guide

SMALL BUSINESS GUIDES

Your guide to invoicing

Everything you need to know about invoicing including reducing your admin & getting paid faster!

Remittance Advice

Remittance advice is a notification of an incoming payment between businesses and customers, or vice versa. It is important because it resembles a cash receipt. However, it is worth pointing out that remittance advice is voluntary, not a requirement, but more of...

Remittance Advice

Remittance advice is an optional payment process that can help your business be more efficient and reliable. Read on to find out more.

Electronic Funds Transfer (EFT) Payment

Australians make millions of electronic transactions every day. Learn how to use EFT payments for your small business.

What is a proforma invoice?

Discover what a pro forma invoice is and how to use it when running your day-to-day small business operations.

What is an invoice?

Invoices are an essential document for businesses to get paid. Learn what an invoice is and how to use it for your small business.

How to write a quote?

If you’re in the service industry and provide your time, skills, and materials to clients, then it’s likely that sooner or later, you’ll be asked for a quote. Quotes or estimates may also be used if you sell products, such as shipping supplies, to customers....

10 Benefits of Online Invoicing

If your business is like most, you spend a lot of your time creating and sending out invoices to your clients. Of course, this is the basic operation which gets you paid, keeping your business successful and your cashflow high. Unfortunately, invoicing can be...

Bad debts written off

Throughout your business life, you’ll likely have trouble with unpaid invoices and bad debts. In certain circumstances, you’ll need to have these bad debts written off for tax purposes. So, when can you write off a bad debt? Typically, a larger business gets...

What is a price quote?

A price quote is a way of pre-informing a customer or client what they should expect to pay for your goods or services. If a customer wants to buy several products from your business or engage your services, you can quote them on what it will cost beforehand, so...

How to avoid invoicing mistakes

You’ve done the work, provided the services and earned your money. But are you making invoicing mistakes? If you don’t know how to avoid invoice mistakes, you’re probably wondering, “where’s my cash?” Because your client still has kept it tucked away in their...

How to collect debts from clients

Being owed an outstanding debt is a common problem for any small business. When you’re owed cash from reluctant clients, you need to be smart about how to collect debt. But how does a small business learn how to collect a debt from a payer? What should you have...

Custom invoice template in Word, Excel,
and PDF

Not sure what to include on tax invoices? Try our free invoice template for small businesses!

Downloadable as editable PDF, Microsoft Word, or Excel invoice templates, these easy-to-use print documents contain all the legal requirements your business needs for creating invoices, billing clients, and getting paid faster.

Add your business name, customize it, and you're good to go!