Formatting the invoice professionally ensures that you never miss any details in your invoice, reducing the amount of delayed payments you receive. This makes getting paid for projects easier and also makes for a better customer experience. It is also a formal document you can reference in the case of litigation or a dispute. Next, you can customize any section of a construction invoice template. Adjust the invoice number so your invoice has its own unique invoice number.
Adobe PDF Flooring Contractor Lump-Sum Invoice Template
- Our construction invoice maker is completely free with no hidden costs, subscriptions, or limits.
- If you’re looking for help with planning the financial aspects of your project, see this collection of free construction estimate templates.
- Smartsheet provides a better way to unify collaboration and automate workflows so you can spend more time on the work that matters.
- A credit invoice is used to state a credit balance in case of a refund that has been credited to the client’s invoice account.
If you want faster payments, you need to reduce the back-and-forth as much as possible. If the contractor will be giving the client a certain number of days to pay, list this in the “payment is due within __ days” field. In the products area, enter the number of items purchased for the job, a short description of what accounting they are, their cost per item, and the total amount per item-type (quantity X unit price). Repeat this for all of the items that the client will be charged.
Alternatives to using construction invoice templates
I can just download this straight to my phone works perfect for my small business. “The software has a great user interface and a modern feel, without the user being overwhelmed by overloaded features.” If you’re curious about FreshBooks, the free Sales Forecasting trial is popular, with unlocked features that allow you to learn the platform initially at no cost.
How to Write a Winning Job Estimate
Not to mention that when you’re construction invoice working on tight margins, small oversights can lead to big financial consequences. The best way to ensure your business remains compliant with legal requirements is to hire an accountant. If you are doing it yourself, signing up for accounting software like FreshBooks will ensure you have updated and compliant templates to use.
If your construction business uses Excel to create invoices, we have provided free invoice templates available for download below. This article explains what information needs to be on a construction invoice, and if you should issue tax or non-tax invoices. We’ve also included a sample construction invoice and free invoice templates available for download in Word and Excel format. By leveraging technology, you can eliminate the need for manual calculations and paperwork, allowing you to focus more on the projects you have and getting more.
What to Include
An interim invoice is made to collect payments for every milestone of a large project. It helps break the large amount into smaller amounts and maintain good cash flow throughout the project. If you need to define project deliverables, timelines, and contractor responsibilities, check out this collection of free construction scope of work templates. You should invoice your client if you deliver services that were agreed upon prior to start of the project.
Plumbing Lump Sum Construction Invoice Template
There are several stages when an invoice can be issued in construction industry. It’s usually the project phase that can include design, pre-construction and construction itself. Invoices may also include additional charges for materials, labor, and equipment used during the project. Project owners and GCs receive invoices all the time, so be sure they understand what they’re paying for by explaining the work performed. You don’t have to get too into the weeds on this point, but give a brief description of the work for which you’re billing. The labor and materials in the following sections will explain further.
- Do not waste your precious time and effort worrying about how to create a construction invoice template, because we have got you covered all about it here, in this article.
- You can accept payments right after the job’s done – no extra devices needed.
- Some clients will pay instantly if allowed to do so through a mobile app.
- If you provide expert labor services on contract for construction companies, this is the invoice template for you.
- Lien waivers and lien releases are completely different documents (even though they are often confused by the construction industry).
Excel Plumbing Time and Materials Construction Invoice Template
Typically, the party making payment requires the party receiving payment to sign a lien waiver. Payment applications and invoices are both a part of the invoicing process in a construction project. Residential or renovation contractors often prepare a simple invoice with their company name, a description of the work completed, the amount payable and the payment terms. But on most commercial and public projects, contractors will invoice using a payment application. The details of a construction invoice will vary based on the project size, the contract and who is submitting the invoice. For instance, a residential project invoice will be much less complex than the invoice a general contractor (GC) submits to the owner of a large public project.
Zoho tools are particularly useful for enabling contract negotiation, including language features. You can track your project progress in real-time, calculate billable hours, control costs, and manage materials all through one platform. However, you’ll find the best invoicing software features when invoicing is part of a platform. Isolated billing software can configure a pretty document and facilitate payment, but integrated invoicing software can build the invoices for you. Source-of-truth data management makes invoice population easier than ever, and you can pour it all into customised templates that create professional-looking invoices every time.