{"id":166378,"date":"2024-07-18T10:17:56","date_gmt":"2024-07-18T14:17:56","guid":{"rendered":"https:\/\/www.interac.ca\/?page_id=166378"},"modified":"2026-03-30T12:29:31","modified_gmt":"2026-03-30T16:29:31","slug":"from-dollar-one-all-about-invoicing","status":"publish","type":"page","link":"https:\/\/www.interac.ca\/en\/from-dollar-one-podcast\/from-dollar-one-all-about-invoicing\/","title":{"rendered":"From Dollar One: All about invoicing"},"content":{"rendered":"<section id=\"t4-hero-block_5ba828ab18fbd1a3f22c9e01acd8c331\" class=\"block-t4-hero\" style=\"margin-top: 0px; margin-bottom: 100px; padding-top: px; padding-bottom: px;\">\n    <div class=\"grid-container\">\n        <div class=\"grid-x align-center align-middle\">\n            <div class=\"cell small-12 hero-title\">\n                <h1>Ch. 1, Ep. 3: All about invoicing<\/h1>\n            <\/div>\n                                <\/div>\n    <\/div>\n<\/section>\n\n<div class=\"grid-container\"><div class=\"grid-x\">\n<iframe height=\"200px\" width=\"100%\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https:\/\/player.cohostpodcasting.com\/d9c76652-9091-43e9-8f10-39f4d094839f\/4bf04a70-57e3-4ef2-b09b-77b93b4231e7\"><\/iframe>\n<\/div><\/div>\n\n<div class=\"grid-container\"><div class=\"grid-x\">\n<p>Now that you know what you need to keep track of your money, it\u2019s time to put it into action.<\/p>\n<\/div><\/div>\n\n<div class=\"grid-container\"><div class=\"grid-x\">\n<p>When it comes to getting paid, good invoice management is key. In this episode, you\u2019ll learn the basics of invoicing, and best practices to keep you uber organized. You\u2019ll also hear tips on how to establish payment expectations with clients and vendors, and how to further streamline the invoicing process.<\/p>\n<\/div><\/div>\n\n<div class=\"grid-container\"><div class=\"grid-x\">\n<p>Download our free invoice template, and sign up for our newsletter to get started:&nbsp;<a href=\"http:\/\/content.interac.ca\/en\/pay-and-get-paid\" target=\"_blank\" rel=\"noreferrer noopener\">content.interac.ca\/en\/pay-and-get-paid<\/a><\/p>\n<\/div><\/div>\n\n<div class=\"grid-container\"><div class=\"grid-x\">\n<p>Visit\u00a0<a href=\"https:\/\/interac.ca\/dollarone\" target=\"_blank\" rel=\"noreferrer noopener\">interac.ca\/dollarone<\/a>\u00a0to learn more and sign up for our newsletter.<\/p>\n<\/div><\/div>\n\n\n<section id=\"accordion-block_7f96056c1c764638c7cc8fb562ebff91\" class=\"accordion-content-block\" style=\"margin-top: 0px; margin-bottom: 0px;\">\n    <div class=\"grid-container\">\n        <div class=\"grid-x grid-margin-x align-center\">\n            <div class=\"cell small-12\">\n                            <ul class=\"accordion\" data-accordion data-deep-link=\"true\" data-update-history=\"true\" data-deep-link-smudge=\"true\" data-deep-link-smudge-delay=\"500\" id=\"deeplinked-accordion\" data-allow-all-closed=\"true\">\n                                <li class=\"accordion-item\" data-accordion-item><a href=\"#episode-transcript\" class=\"accordion-title\"><h6>Episode Transcript<\/h6><\/a> <div id=\"episode-transcript\" class=\"accordion-content\" data-tab-content><p><span data-contrast=\"none\">You\u2019re listening to \u2018From Dollar One\u2019 by Interac. This episode is all about invoicing. Now, when it comes to getting paid or knowing when and how to pay vendors you work with, good invoice management is key.\u00a0\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">But let\u2019s start with exactly what an invoice is. An invoice is an itemized bill you send to your client, listing the products or services you provided and the amount due to you for those services.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">It also outlines things like contact information, payment due dates, your email address, and an an invoice number to help manage record-keeping.\u00a0\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Some people have different preferences for invoice numbers, but a good practice is usually to start with the year and follow it with a dash and a number. So, if it\u2019s your first invoice of the year, you would type the year, then -001. Then your next invoice would be 002, then 003 and so on until the end of the year. Then when the next year kicks off, you can start all over again.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"none\">Now, there are also some terms you may hear that relate to invoicing. The first is forward dating. No, it\u2019s not the hottest new way to find love, it\u2019s actually dating a transaction with a future date. This can help establish a timeline for you and the client of when the work should be completed and when payment is expected.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Another important one is net 7, 10, 15, 30, 60&#8230;or whatever number. These digits represent the number of days a client has to pay an invoice after they receive it. So, &#8220;Net 30&#8221; means the client has 30 days to make the payment after getting the invoice.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">This is also handy for you when it comes to paying vendors. That\u2019s because with <\/span><i><span data-contrast=\"none\">Interac <\/span><\/i><span data-contrast=\"none\">e-Transfer you can pay your vendors anytime, anywhere a\u2014 and avoid the hassle of<\/span><span data-contrast=\"none\"> sending cash or cheques.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">[OUTRO]<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">If you\u2019d like to get started with invoicing but aren\u2019t sure about how to make one, we have a downloadable template that\u2019s easy to use. <\/span><span data-contrast=\"none\">Go to the link in the description to <\/span><span data-contrast=\"none\">access it. And if you\u2019d like to learn more or get news on all things Interac sent right to your inbox, visit <\/span><span data-contrast=\"none\">Interac.ca\/dollar<\/span><span data-contrast=\"none\">one and sign up for our newsletter.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Now don\u2019t touch that dial, we\u2019re starting our next tip in Net 3, 2, 1\u2026<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<\/div><\/li>                <\/ul>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n<div class=\"grid-container\"><div class=\"grid-x\">\n<p><sup><em>This article offers general information only and is not intended as financial, legal or other professional advice. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subject matter discussed. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Interac Corp.<\/em><\/sup><\/p>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Now that you know what you need to keep track of your money, it\u2019s time to put it into action. When it comes to getting paid, good invoice management is key. In this episode, you\u2019ll learn the basics of invoicing, and best practices to keep you uber organized. You\u2019ll also hear tips on how to&hellip;<\/p>\n","protected":false},"author":8,"featured_media":0,"parent":166368,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":true,"footnotes":""},"class_list":["post-166378","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>From Dollar One: All about invoicing - Interac<\/title>\n<meta name=\"description\" content=\"In this From Dollar One podcast episode, Interac explores invoicing basics, best practices, and how Canadians can manage payments with confidence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interac.ca\/en\/from-dollar-one-podcast\/from-dollar-one-all-about-invoicing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From Dollar One: All about invoicing\" \/>\n<meta property=\"og:description\" content=\"Now that you know what you need to keep track of your money, it\u2019s time to put it into action. 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