Most consulting firms start out as a one-person company; the founding member strikes out on his or her own, offering their service to any and all takers. When the founding member starts out, usually he or she wears all the hats – consultant, secretary, and billing department, among others. One of the first questions a start-up needs to ask is how are you going to bill for your services? Billing a client and processing the payments should be high on the list, and a consulting invoice template is one of the first documents a new firm needs.
Consulting Invoice Templates
A consulting invoice template is a fill-in-the-blank document easily tailored to fit multiple needs. One constant is your company’s name, logo, address and contact information. How you lay out other fields is up to you; you may want different formats for differing services, instead of a long list on every invoice. A template allows you to configure each document just the way you want it to appear.
Billing Your Customer
Using a consulting invoice template allows a company to set up an invoice tailored to each customer, and to save this document in a folder dedicated to the customer’s business. The wise consultant thinks about these things before he or she opens their doors, to facilitate a smooth-running operation. Filing information about a customer is best done in a database, but databases allow you to store links to external documents, so setting up individualized invoicing is a snap, with an invoice created by a consulting invoice template. When the company is small, invoicing customers is done on an individual basis; as the company grows, billing software will need to be purchased, to facilitate operations by an employee hired for the job, instead of the consultants doing it themselves. Using a consulting invoice template allows the company to grow without serious hiccups in the billing.
Before opening a consultant firm, the founding member(s) need to analyze their services and make a business plan detailing all the functions the company needs to handle, and to find free or inexpensive software to get them on their feet. Here are three consulting invoice templates to get you started: