Create an invoice with products and services
If you sell products or provide common services (such as labor) a new Invoiceplace update is going to save you time and effort when billing and preparing quotes/proposals.
You can now create re-usable products (or services) that you can use on your invoices and quotes. To create a product click on the new tab titled ‘Products’, and then the ‘New Product’ link.
In the example below an electrical contractor has created three products that she can use on her invoices – a power switch, a standard labor rate and an after hours labor rate.
Creating a product
The following fields are used when creating a product :
Product Code : A unique code / SKU number. An individual product code can only be used once on a product (they must be unique for each product).
Description : The name / short description.
Price per unit : The base charge for a single unit of the product (i.e. for one hour of labor, or for one power switch).
Price per Unit inc. Tax : Checking this tick box indicates that the Price per unit entered includes tax. After saving the product the pre-tax Price per unit is automatically calculated (using the Tax %).
Unit Type : What unit the product is sold in (Each, Hour, by the Day, etc).
Tax % : The tax percentage that commonly applies to this product.
Discount % : A standard discount percentage that applies to this product.
Notes : Your own notes or comments.
You must enter a Product Code, Description, Price Per unit and select a Unit Type. All the other fields are optional.
Using a product when creating an invoice or quote
To use a product for an invoice or quote select the product from the drop down list displayed above the description of the line item. When you select a product the description, unit type, per per unit, Tax/GST/VAT % and Discount % is automatically entered for you. All you need to do is enter the quantity (Qty field).
You can change any of the line item fields after selecting a product if required.
Free accounts provide up to five products, paid subscriptions start at $12 USD a month for up to 100 products.
Invoice Place blog » Tour updated - create an invoice, print and email using Invoiceplace wrote:
[...] The Invoiceplace tour (screenshots) has been updated to demonstrate the benefits of creating an invoice using a template and using products on line items. Below are six screenshots of the steps required to create an invoice, print as a PDF document and email the invoice as an attachment to your customer. and [...]
Posted on 31-Oct-07 at 12:41 am | Permalink