There are certain pieces of information that have to be on your invoices if you are charging GST, HST and/or PST. Your invoice must include: â€¢ your business name â€¢ the date of the invoice â€¢ your Business Number (also known as the GST Registration Number) â€¢ the purchaser's name â€¢ a brief description of the goods or services performed â€¢ the total amount paid or payable â€¢ the terms of payment â€¢ an indication of items subject to GST at 5% or HST at the appropriate provincial rate, or that the items are exempt, and either the total amount of GST/HST charged, or a statement that the GST/HST is included and the total rate of tax â€¢ if applicable, an indication of items subject to PST (also known as RST) at the provincial rate, or that the items are exempt, and either the total amount of PST charged, or a statement that the PST is included and the total rate of tax.
Cash flow shortages can happen to almost any business, but invoice factoring can provide a quick, easy solution. Invoice factoring involves the selling of your account receivables or invoices to secure immediate working capital.
Your office space will be freed from those mountains of paper: scan all the forms and documents, and save them as files in your online invoicing software. No more overflowing cabinets and stuffed drawers: you are giving yourself a bigger office as a reward for being smart and using a web_based invoice tracking system! Whenever you need a particular document, you will know where it is and that it can be retrieved easily. Online invoicing is simply more convenient for all involved in the process: since everything is in one place _ online _ all you have to do is attach the invoice to the email that you send to your customer. It's as simple as point and click!