Consultants should carefully record the time they spend working on each project and invoice their clients regularly to get paid for their work. Final invoices can help you collect the remaining balance for a project if you sent interim invoices on an ongoing basis.Tracking billable hours and invoicing clients for your time is a key part of running a consulting business. Final Invoice: Consultants can send final invoices after a project is completed.This can help with cash flow, since you don’t need to wait until the project is completed to bill the client. Interim Invoice: If a consultant works on a long-term project lasting several months, they may choose to send interim invoices when they meet certain project milestones.Recurring Invoice: Consultants can create recurring invoices if they perform the same work for the client every billing cycle, as a way of streamlining their accounting process.Consultants often bill their employers for hotel costs, meals and other expenses related to a client project. Expense Report: Consultants may need to use expense reports as a way of billing their company for the expenses they incur while working on-site with a client.Timesheet invoices list the number of hours worked and the hourly pay rate. Timesheet Invoice: Because consultants often bill clients by the hour, a timesheet invoice can be helpful in tracking their billable hours for each job.

Standard Invoice: Consultants can create standard invoices that provide a simple bill of the services they provided to the client, the amount owing and the payment due date.The following invoice types are often used by consultants: Send the completed invoice to your client by email or mailĬonsultants can choose from a range of invoice types to select the invoice style that works best for their business.Describe your payment terms, including any late fees charged for overdue payment.Include the total amount due for the invoice and add applicable taxes.List any outside products or services you purchased for the project that you’re billing to the client.Add your billable hours for each service you provided.Include an itemized list of the services you provided with brief descriptions of each service.Create a unique invoice number and include the invoice date and payment due date.Add your client’s contact details, including the client’s name, address, email address and phone number.Add your consulting firm’s contact information, including the business name, address, email address and phone number.Include your consulting company’s logo in the invoice header.Download the free consulting invoice template from FreshBooks.Follow these steps to create a professional consulting invoice and get paid for your work:

Free consulting invoice template word