To avoid potential issues the client should be billed immediately upon the service being delivered or the project finishing. Bill the client with the Consulting Invoice

This will be critical if the project can take anywhere from weeks to months to finish and the consultant wishes to be paid throughout the project to ensure revenue continues coming in. Use Consulting Invoice to keep records of workĪ consultant will want to track all work completed and payments made. However, if the service they offer could take weeks or months to finish, a per project fee may be more appropriate. If a contractor feels that their services may take only several hours on a consistent basis then the hourly rate may be for them. Decide on Fee Modelĭependent on the consulting being provided a model should be assessed. However, a national firm can have more expertise and experience and therefore a contractor will want to be prepared to address any discrepancies or base rates if they heavily exceed or are incredibly less than national firms or other local competitors. In competition with national consulting firms, this provides consultants the opportunity to sell to the client that they can provide a more personal approach or quicker response time, which can address why the consultant may be of lesser price. When providing Consulting Fees, the fee may vary and a consultant should provide a competitive rate. Existing businesses requiring assistance with changing their culture, sales, products, etc.New Companies trying to obtain expertise as they start.Technology Companies (software and hardware).The terms and conditions of the invoice.The date payment is due by and type of payments accepted by the consultant.Discounts being provided or available to the customer.To be inclusive of total hours and a breakdown of all charges (i.e., cost of each hour, sales or state tax as applicable, charges for additional services that may be optional, etc.). The description of the service being provided.The name, address and contact information of the client.The company name, address and contact information.The date of the invoice and invoice identifier.The consultant will also have the ability to keep a copy of the consultancy itemization for their records. The document may either be presented at the time of service for payment or the consultant may choose to bill the client at a later date, allowing the client a due date for payment.

A consulting invoice is a document that allows a professional consultant to provide a client with an itemized statement of services rendered.

Consultant invoice template word doc