Free Invoice Generator: Create Professional Invoices Online
Creating professional invoices doesn't have to be complicated. A good invoice helps businesses clearly communicate what was sold, how much it costs, applicable taxes, payment terms, and when payment is due.
With a free online invoice generator, you can create a professional invoice in minutes without manually designing an invoice template or using complicated accounting software.
What Is an Invoice?
An invoice is a document issued by a business or seller to a customer requesting payment for products or services. It normally includes seller and customer information, invoice number, invoice date, items or services, quantities, prices, taxes, discounts and the final amount payable.
A properly prepared invoice also makes it easier to maintain business records and track outstanding payments.
Generate Invoice from below link:
What Should a Professional Invoice Include?
A professional invoice commonly includes:
- Business or company name
- Company logo
- Business address and contact information
- Customer or client details
- Invoice number
- Invoice date
- Due date
- Product or service description
- Quantity
- Unit price
- Discount
- Taxable amount
- GST/VAT/Sales Tax
- Shipping or additional charges
- Grand total
- Payment terms
- Bank or payment details
- Notes and terms & conditions
- Authorized signature
How to Create an Invoice Online
Numbered steps:
- Enter your business information.
- Add your company logo.
- Enter the customer's billing and shipping details.
- Add the invoice number, invoice date and due date.
- Add your products or services.
- Enter quantity, price, discounts and applicable taxes.
- Add payment and bank details.
- Review the calculated subtotal, taxes and grand total.
- Download or print your completed invoice.
How Does Invoice Calculation Work?
The basic invoice calculation starts with the quantity multiplied by the unit price. Discounts are then applied where applicable, followed by taxes and any additional charges.
Formula block:
Item Amount = Quantity × Unit Price
Taxable Amount = Subtotal − Discount
Grand Total = Taxable Amount + Tax + Additional Charges − Adjustments
GST Invoice: CGST, SGST and IGST
For businesses in India, invoices may include GST depending on the transaction. For eligible intra-state transactions, GST can be divided into CGST and SGST. For eligible inter-state transactions, IGST may apply.
Example:
Product value: ₹10,000
GST: 18%
For an intra-state transaction:
CGST: ₹900
SGST: ₹900
Total GST: ₹1,800
Grand Total: ₹11,800
Invoice Number, Invoice Date and Due Date
Explain why each is important and recommend using a unique invoice number for every invoice.