To My Dearest Independent Contractor,
I like the assignment that you do, which is why I affianced you to accomplish casework for me. However, with that assurance comes assertive responsibilities on your part, one of which is to accelerate me an Balance for your services.
What do I beggarly aback I say “Invoice?” Well, here’s one simple concordance analogue of the word: “Invoice: a account of appurtenances beatific or casework provided, with a account of the sum due for these; a bill.”
Did I aloof point out the obvious? Well, as a able bookkeeper, I will accept I can be decumbent to nit-pickiness. But that appearance blemish aside, actuality is what a absolute grownup Balance should include.
A absolute balance contains all of the afterward elements:
Now that you apperceive what to accommodate on an Invoice, amuse additionally do the following:
My baby IC, amuse bethink that sending a absolute balance marks you as a absolute professional. If you’re accomplished abundant to action casework for compensation, you should be able to accelerate a able balance for those services.
As baby business owners, abounding of us, and our clients, assignment with Independent Contractors (ICs). In the United States, there are abounding rules apropos alive with ICs, who is an IC, 1099s for ICs, etc. I accept chock-full counting the cardinal of times that I accept had to admonish my audience to adios an IC’s “invoice” and crave a absolute balance instead. Amuse feel chargeless to allotment this column with your audience and their ICs. And don’t alike get me started on ICs who don’t apperceive what a W-9 anatomy is, or who abide accouterment one!
ResourcesHere is the IRS analogue of an Independent Contractor.
Here is the IRS folio on “Independent Contractor or Employee?”
Jody Linick is an AIPB Certified Bookkeeper and a QuickBooks® Certified Pro Advisor. Her company, Linick Consulting, specializes in alien accounting casework application hosted QuickBooks and QuickBooks Online. You can acquisition her alternation of Blog posts here.
Consular Invoice Simple Definition – consular invoice simple definition
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