Electronic invoices encourage organizations to discontinue the use of paper invoices, replacing them with a digital version of an electronically_generated tax document, which has the same legal validity as the traditional version and preserves a faithful record of all commercial transactions. In this way, the entire billing process can be administered electronically. However, it is important to remember that amount of Value Added Tax must be included on every Invoice.
Let Them Know How to Pay You _ must be easy Do you want a cheque mailed to you, a money transfer, flowers? Be explicitly clear about what you expect and in what form. It is usually best to discuss with the client beforehand their preferred method or to come to an agreement about a method you both like. If you want a money transfer, provide all the necessary information. Foreign transfers need more than your account number: in some countries, you need your International Bank Account Number (IBAN) or a Bank Identifier Code (BIC). International transfers also double_charge you: the client's bank might charge you ฤ, and your own bank might charge you another ฟ to accept the payment. Make it clear which of you will absorb these charges, and talk it out with them. PayPal is another option, but you still get charged a percentage of the transaction.
How you present your bills for payment to your clients may not seem as important as, for instance, the quality of your services or the products offered _ but actually it is. Are you still using the traditional invoicing? Your clients won't be too enthusiastic when forced to put aside a good portion of their valuable time in order to sort through your paper invoices, file them and maintain payment timelines. You, on the other hand, will have to put up with the hassle of managing all that paper: can you really afford to lose so much of your time on paperwork, when it's better spent working on other aspects of your business?