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Consultants specialize in varying niches and disciplines and are often seen as an expert in their field. Your busy days are filled with working with organizations of all sizes to improve their business performance.This is where TrulySmall comes in. We provide a range of customizable consultant invoice templates for you to seamlessly invoice clients and most importantly, get paid.
Whether you’re consulting in marketing, HR, finance, or some other field, you can download our customizable consultant invoice templates to quickly put together a professional invoice for your clients. Available in Google Docs, Google Sheets, Word, or Excel—the format is entirely up to you. Each invoice is designed with the proper fields, structure, and details that help fit the needs of your consulting business, no matter which niche you operate in. All you have to do is hit download, fill in the details, and it’s ready to send.
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The independent workforce is constantly growing. Consultants are also providing more add-on services as they go based on client needs. As a result, there just isn’t enough time for construction and trades professionals to learn the backend of running a successful business: namely, the accounting and finances. These invoice templates will help guide you to inputting your hours and materials in a professional manner—so that you can keep your cash flowing.
As a consultant, you likely already regularly track your time, are familiar with your hourly rate, and are used to invoicing—depending on your pool of clientele and the amount of work receive regularly.But if invoicing is new to you, there are a couple of key items that you cannot neglect on your consultant invoice, including a unique invoice number, the invoice date, sales tax, and payment terms.By using TrulySmall’s free consulting invoice template, you will not miss these critical items related to your consulting work. Our invoice templates include prompts to add your consulting business logo, the invoice number, client details, hourly rate field, and more. At the bare minimum, here’s what you should include on your consulting invoices to keep your invoices looking and feeling professional:
Your business name and logo
Your business name is a foundational element of a professional invoice. It identifies your business and establishes your brand. Adding a business logo will provide a professional touch.
Business contact information
Including a seller contact helps your customer know how to contact you with questions about the invoice. It also puts you as the point of contact for all future work.
Invoice number
Payment terms
Small businesses mainly use: due on receipt, net-15, 30, and 60. For example, net-15 days tells your client that the invoice is due 15 days after the invoice date. The invoice payment terms depend on your relationship with your customer, common practices in your industry, and your cash flow needs.
Due date
The combination of the Invoice Date and Payment Terms provides the Due Date. A due date clearly indicates to your client when they should pay.
Pro tip: Setting up payment reminders can help keep your client on schedule to pay the invoice.
Bill to (who's going to pay)
Provides the name and contact information of the person the invoice is intended for (aka your client)
Product or service detail
Similar to your Statement of Work (SOW), here’s when you specify Description, Quantity, Rate, Amount, and Subtotal. The more detailed this section is, the better clarity you provide to your client—who needs to understand what they are paying for on the invoice.
Sales tax
Depends on the jurisdiction and business type. Check the local tax bureau to include the appropriate tax amount on your invoice.
Pro tip: Use an invoicing app like TrulySmall™ to manage business transactions, change tax settings easily, and just make doing your accounting and taxes more easy and efficient.
Discount
Provide discounts to your clients to give them initiative to pay earlier, for example. If you are going that route, include the number here as a percentage or actual amount.
Notes
A simple, personalized note will bring even more clarity to your client and leave a long-lasting, positive impression with the client—which should increase the chance of your invoice getting paid faster. Other details can include payment instructions (i.e. Venmo, e-Transfer, or bank cheque), discount details, warranty information, or anything else relevant to the project or business opportunity.
To create your consultant invoice, first download the free, customizable template. Next, fill in business information, client details, services, time and materials, and fees. Different consultants have their own unique way of getting the job done—including how they charge for their work. Tailor these details to your work and your client.Want a quick and streamlined lesson? Follow the instructions below to create your independent contractor invoice from beginning to end.
Download any of our free consultant invoice templates from the top of this web page. No matter what format you need, we’ve got you covered.
Input your info into the downloaded invoice.
Include all of your client’s details like their full name, billing address, and contact information.
Add a unique invoice number so you can keep track of all your invoices. We recommend starting with 00001 and moving up.
List out all of the services and parts/materials you provided in separate lines under ‘Description’.
Calculate your subtotal by adding up all of the amounts you charged for services.
Include any taxes you may need to charge, other fees, or offer a discount.
Include any information your client will need to pay you! (Your PayPal email, your venmo account, etc.)
Export to PDF and hit send! And Voila! You’re on your way to getting paid.
Consultants tend to charge clients by the hour, but not every consultant operates the same. Tracking billable hours and invoicing clients for your time is a key component of invoicing in the consulting industry. Do your research when it comes to hourly rates as this can vary depending on your niche, experience level, business region, and client budget and expectations.Once you’ve secured your client and nailed down your rate, get into the habit of tracking your hours automatically to reduce overall administration. Doing this will make invoicing as a consultant that much easier.
TrulySmall Invoices is the easiest invoicing app for small businesses. Send an estimate before your project starts to lock in your pricing, track your invoice statuses, and collect payments digitally with our Stripe integration! We’ll even handle invoice follow-ups for you so that you’re getting paid on time! Save time and get peace of mind. Start invoicing with TrulySmall Invoicing for free!
Leverage time tracking tools or install browser extensions that track time for you without you having to lift a finger. You might even want to track your billable hours on an up-to-date timesheet. That way, you can include it as an attachment to your invoice so that your client can see how much time you spent to provide the services that help them reach their goals. Adding a timesheet is also a great way to boost transparency with your client.
As a consultant, keeping the revenue flowing in is a key objective. That’s why the sooner you invoice, the sooner you get paid. Get into the habit of invoicing right at completion to ensure you get paid as quickly as possible. Not only will the work remain top of mind for you and your client, but you’ll also produce much more accurate invoices as a result of capturing all the services you provided.Another strategy is to request a percentage of the estimated cost up-front prior to starting work, then billing the remainder upon project completion.
Consultants tend to travel for work—whether that’s familiarizing with the organization they’re working for, meeting the team, or getting a better feel of the company culture. This “boots-on-the-ground” working style means out of pocket expenses like expenses incurred on-site.Diligently track these expenses while you’re on-the-go and include an expense report (along with applicable receipts) with the invoice. If you do add an expense report, be sure to detail what the expense was for so that clients know exactly why they are being billed.
By accepting more payment methods, you’re making it more convenient for your clients to pay you. Whether it’s by bank transfer, cheque, or other forms of payment, make your adaptability clear on your consulting invoice. While TrulySmall’s invoice templates already have a spot (with existing language) to include payment methods, adopting invoicing software that integrates with all major online payment gateway providers takes it one step further to speed up payments for you.If you’re looking for a more streamlined way to tackle your consulting invoices, TrulySmall Invoices lets you use our invoice generator for free. Instead of manually filling in new details and re-using old invoices as a starting point, you can do it all directly in TrulySmall’s app.
If you’re looking to further streamline your consulting invoicing process, TrulySmall Invoices can help automate the process even more than our customized templates can.
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