How to set up your tax invoices for your Australian small business correctly

January 9, 2023

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Things that should be on your invoice:

  1. Name of the document –
    • If you are registered for GST = Tax Invoice
    • If you are not registered for GST = Invoice
  2. Your business name
  3. Your ABN (Australian Business Number)
  4. Purchaser/Buyer name
  5. Invoice Date of Issue
  6. Description of product/service
  7. GST amount details (if the total amount includes or excludes GST)

 

Tips & Tricks

  1. Include payment options-
    • Direct bank details
    • Links to online payments
  2. Accounting systems will help in keeping track of who still owes you money.

 

Check out the full video below:

 

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Nothing makes me happier than implementing time-saving tools and systems that help small businesses get ahead. Instead of being a cog in a large corporation, freelance consulting lets me be the adaptive Bookkeeper on the Sunshine Coast you need. Whatever your financial situation, I’ll help you find new approaches to cut unnecessary costs and alleviate undue pressure. If you’re ready to watch your business grow, let’s start a conversation

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