consulting services invoice template word

Web design and Marketing consultants charge by the project. Once you are clear about the details of the project and you are confident about your delivery. Consultants in IT and social media charges by the hour as the nature of work are dynamic.Įventually, start charging on a project-based rate. Over a period prepare a fee package of different services you offer. It is good to understand the market and customers. Initially, all consultants prefer an hourly rate or daily rate. Let us give you an idea about the pricing method by the hour, or as a package. When you are new to consulting business, it is important to know how to bill your customer. How to charge? Consulting hours Vs Consulting fees package In parallel customer can clarify the differences in the invoice and make payment separately. Make it clear in your agreement to release the non-disputed charges. Sometimes invoice might have some disputes. Incorporate an interest for payment beyond 30 days.ĭifferentiate dispute charges and non-disputed charges. Include a penalty for a maximum of 5 days delayed payment. Avoid using Net30 as it is very vague.ĭelayed payment clause. Use the term “Trade Credit.” Payment is due within 30 -90 days from the date of raising an invoice. The time for releasing the payment after raising the invoice due date. Principal payment terms used by consultants are listed belowĬorrectly mention the invoicing date on the contract and consistently stick to the same. Preparing a clear Invoice with Payment terms in the agreement put together makes it easy. Tracking will enable you to remind them for payment.Įvery consultant, independent contractors, and freelancers provide their consulting services for money.

Either use some software or even an Excel will suffice to follow the status of payment. Track the payments: Make sure you have a system to track the payment cycle. These discounts will encourage your customer to release your payment immediately. Also, offer a discount for old clients who make payment on time. This will motivate them for prompt payment. This will help to track your bill details handy.ĭiscount Offers: If your customer is new to your consulting services, give them some discount. Upon delivery of services as agreed in the contract, raise your bill.Įmail Communication: Even though you prefer sending your bills as a hardcopy, have the practice to record a conversation in email. Raise Invoice immediately: Raise invoice based on stages of completion of projects. Do not wait until the end to bill your customer. You may ask them to pay a minimum of 25% fees as advance.įrequent Billing: When you offer a consulting service, make sure you bill them frequently. However, follow these tips to charge your customer efficiently for your services.Īdvance Payment: This option provides you with some confirmation from the client about their seriousness in the job. How to bill for consulting services depends on the agreement.

Consulting services invoice template word