A guide to creating a professional

 contractor invoice









Invoicing is a mandatory action taken by contractors to lead their occupation. As a contractor, you are involved into multiple projects at one time and all project has various billing terms and conditions. It becomes necessary to keep a track of their time involved in finishing the project. Contractors need to send invoices to the clients based on policies and time duration. Thus, having a proper format of Professional contractor invoices is important.

 Types of Contractor Invoices

Based on contract deals between the contractor and the client’s here are two types of general Contractor Invoice:

  1. Basic/Fixed-based Invoices 
  2. Performance-based Invoices

Fixed Invoices

The fixed-based invoices are based on payment clauses mentioned in the contract. The contractors release the invoice after the completion of the project. This type of contract includes some basic features as given below:

  • Contractor’s Name
  • Full Address
  • Invoice date and Invoice number
  • Contract Number
  • Service Description
  • Shipping and payment terms
  • Taxpayer Identification Number (If required)

 Performance-based Invoices

The performance-based contract invoices include part by part billing. This invoice is created after every task is finished by the contractor’s end. The format of the performance-based invoice is mentioned below:

  • Contractor’s Name
  • Full Address
  • Invoice date and Invoice number
  • Contract Number
  • Task Description
  • Shipping and payment terms
  • Taxpayer Identification Number (If required)
Read the full blog here. Original article Publish at https://www.invoicera.com/blog



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