Many types of businesses use consulting services, and just like it happens with any other kind of business relationship, the terms of the collaboration and the report on the services provided need to be written in a formal document.
The consulting invoice template is what the consultant uses to include all the services performed, the products they had to buy for the project (if it’s the case), the cost for every item on the list, and the payment details and due date.
Using a consultant invoice form keeps things clear and organized, and the client knows what they receive for the money they pay.
What Is a Consulting Invoice?
Invoices for consulting services have the general characteristics of any invoice, but they are adjusted to the specific field of consulting services.
The consulting invoice is the formal document the consultant uses to inform the client on every service they have provided within a particular time frame, with detailed explanations leading to the total cost.
Using such a consulting invoice template is useful for both parties; the client gets a clear situation of the services they are paying for, and the consultant can use their copy of the consultant invoice form for accounting purposes.
What Types of Businesses Will Hire Consulting?
A consultant is a qualified person who is hired by companies, individuals, or organizations to perform specific tasks under the terms of a consulting contract. That means the term ‘consultant’ applies to many different domains.
But consulting services are more frequently used by certain types of businesses:
- healthcare companies
- technology-related companies
- retail businesses
- food industry
- freshly created companies that need the expertise of an external consultant
- well-established businesses that are planning a substantial change in their production line, marketing strategy, or any other significant aspect
What to Include in a Consulting Invoice?
Any consulting invoice example will evidentiate the same major sections all consulting invoices include. The content may indeed need some slight adjustments according to the domain and exact situation, but a few general rules are generally applied.
These are the elements any consulting invoice template must have:
- The number of the invoice and the date.
- The identifying information of the company: name, address, phone number, email.
- The identifying information of the client: name, address, phone number, email.
- A detailed description of the serviced the consultant is providing, the cost per hour, the total number of hours, any taxes that apply, charges for optional services, and the total cost.
- A mention of the discounts, if any are applicable.
- Payment details and the due date.
- Terms and conditions.
Consulting services may apply to different types of businesses, but the general terms are the same.
So, a consulting invoice template is an ideal tool for any consultant; it helps them detail their activity to the client and justify the final cost, as well as keep a tight track of their activity for accounting purposes.
If you need an efficient consultant invoice template, try the one from CocoSign. We provide all the types of templates your business may need, all professionally created and user-friendly.