Billing Template

What is the Billing Template?

The billing template is a document that is used to create invoices or bills, which helps businesses request payment for their products or services, including both parties' information, the items provided, prices, and tax. 

This template is used to ensure the consistency of the client and simplify the process of creating and generating invoices easily when needed. It is available in Google Docs and Sheets for easy editing and is fully customizable to add the company logo, notes, payment methods, and others.

What Are the Elements of the Billing Template?

A billing template helps businesses to maintain both parties' rights, as well as maintain accurate financial records of the sales. Using this template will help your business to reduce errors in common manual billing processes. Here are the Elements of the Billing Template:

1. Invoice Number
2. Company and Client information: name, number, and address.
3. Invoice date
4. Payment details like bank account number.
5. Table of items of services or products provided, clearing the unit price, quantity, and VAT.
6. Notes section
7. Subtotal, TAX, and Total amount.

Why is the UAE Billing Template Important?

The UAE billing is important to ensure compliance with UAE VAT regulations and issue accurate invoices, providing the required data to tax filing and financial reporting. Here are some points describing the importance of the Billing Template:

1. Creating professional and standard billings builds trust between the seller and buyer.
2. Reduces the common manual billing mistakes.
3. The billing template improves the transparency between the two parties by clearly listing the items, unit prices, and VAT.
4. Supports the accounting and bookkeeping records.
5. This template is used in audits and financial reviews.
6. It is available in Google Docs and Sheets, which are editable and customizable.
7. You can send it by email or print it for clients.

How To Fill Out Your Billing Template?

1. Fill out the Invoice Number
2. Fill in your company name, address, and phone number
3. Then Fill out the following:

Payment Info: [Your Payment Details]

Bank account number: [Your Payment Details]

1. Invoice Date 

Invoice Date: 02/09/2021

Due Date: 02/24/2021

2. Fill out the Client Data section

[Client's Company Name]

[Client's Company Address Line 1]

[Client's Company Address Line 2]

[Client's Company Address Line 3] 

3. Fill out the Items, prices, and VAT details

[Description: Product or Service]

[Quantity: number of items]

[Unit Price]

[Subtotal]

[TAX]

The Subtotal, TAX, and Total will be calculated automatically.

Fill in the Notes section

Who uses the Billing Template in Google Docs and Sheets?

The billing template in Google Docs and Sheets is used by small and medium businesses, freelancers, startup companies, and e-commerce businesses because this template is editable and fully customizable and can be sent by email or printed. Also, it is auto-calculated, which reduces the chances of wrong price calculations.

Why use Daftra to generate a Billing Template?

Daftra helps businesses to create professional invoices simply and quickly by providing ready-made templates for billing and others; they can be edited and customized to what your business needs and requires. 

This template is good to use because it reduces calculation and data entry errors, as well as ensures VAT-compliant invoices for UAE businesses. Furthermore, Daftra allows you to keep all invoices organized in one place, easy and quick to access for audits and financial reports.