In business, you will deal with invoices regularly, either when you sell goods or services or purchase supplies for your business. If you have registered for goods and services tax (GST), you must issue receipts or tax invoices that meet specific requirements, depending on the sale amount. You are also required to keep appropriate records of your purchases if you want to claim the GST paid. <\/p>\n\n\n\n
Your invoices should clearly show your business details and describe the goods or services you exchanged with your customers. If you sold or purchased these on credit, your invoice should also specify your payment terms and available payment methods. Invoices are not legal agreements. However, they are crucial commercial documents that improve your business\u2019 credibility and cash flow. This article explains what you should include in your invoices, including specific requirements for GST-registered businesses<\/a>.<\/p>\n\n\n\n An invoice is a commercial document that lists the goods or services you have supplied to your customer and the total amount they owe you. As a business, you will issue and receive many invoices every month. You are required to keep copies of these invoices for tax purposes. They serve as records of: <\/p>\n\n\n\n Some common types of invoices include: <\/p>\n\n\n\n Your invoice should list details of the supplier and the buyer, as well as the goods or services they exchanged. You should include:<\/p>\n\n\n\n Suppose you have registered with a NZBN<\/a> or automatically obtained a NZBN number when you incorporated your company. In that case, you can now directly exchange invoices (e-Invoicing<\/a>) with your suppliers\u2019 and buyers\u2019 financial systems, as long as you have their NZBN. <\/p>\n\n\n\n Keep your invoices short and straightforward by limiting them to a single page if possible. This makes it easier for your customers to process them and pay you faster. Here<\/a> is a one-page invoice template available for download as a PDF. If you cannot fit your invoice on one page, provide a summary on the first page and add details to subsequent pages.<\/p>\n<\/div>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nWhat is an Invoice?<\/h2>\n\n\n\n
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What Do I Include in an Invoice<\/h2>\n\n\n\n
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