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An invoice is a document that serves as a bill for goods or services. The party requesting payment (seller) creates the invoice, filling out their details, the client's details, a description of goods or services rendered, the total amount owed, and the preferred payment method.
Once complete, the invoice should be delivered to the client (buyer) electronically or via standard mail. To further personalize the invoice and for a more formal presentation, include an Invoice Cover Sheet with the delivery
The following guide describes how to make a basic invoice using the generator above. You can also start with one of fifteen (15) templates designed by type.
An employee, or "W-2 employee" in the USA, is an individual who performs a service on an employer's behalf in exchange for payment, commonly hourly pay. The employer can control the services to be completed and the method by which they should be done (for example, the work schedule and equipment used). The employer can also control, in most cases, where the employee performs the services.
An independent contractor, or "1099 contractor" in the USA, is an individual who performs a task for an employer in exchange for payment, commonly a fixed price. The employer cannot control how the task is to be completed. The employer also cannot control, in most cases, where the employee performs the services unless the work is at a specific location.
Employer | Employee | Independant Contractor |
---|---|---|
Pays Withholding Taxes (social security, medicare, unemployment, etc.) | Yes | No |
Provides Health Insurance | Yes | No |
Provides 401(k) Matching | Yes | No |
Provides PTO (Paid Time Off for vacation, sick leave, etc.) | Yes | No |
Provides Overtime Pay | Yes | No |
Controls How Work is Performed | Yes | No |
Controls Where Work is Performed | Yes | No |
Controls When Work is Performed | Yes | No |
Controls Results of Work | No | Yes |
Using an online invoice generator saves you time, keeps you organized, and makes you look more professional.