![]() It’s an essential document to have and can serve as proof of business in certain situations. It increases your chances of fast payments, reduces your cash flow problems and ensures you pay your taxes on time. But, an invoice serves as a financial record of goods purchased and services rendered. You will need a signed contract of service to serve as a legally binding document. ![]() If you are a professional service provider working with a new client, you can protect yourself by requesting a percentage of the total sum before the project.ĭoes this mean an invoice is a legally binding document? No. In contrast, if you offer professional service, you can send your invoice at the end of the project. With an invoice, you can request payment from customers before or after selling a product or service.įor example, an online shop that sells gadgets, will send you an invoice for payment before shipping you the product.
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