![]() ![]() How Much Should You Charge on Your Small Business Invoice? When you create your business’s fee schedule, factor in aspects that affect your bottom line in the same way. Any discounts offered will apply to the subtotal, after which you apply the taxes. Total of what your client owesĪ small business owner can use their fee schedule to determine how much the client owes. This will save time when you create invoices for your clients.įor example, instead of a general description such as “installation”, write down exactly what was installed, (software, T.V., air conditioning, etc), where it was installed (Cape Town, Durban, Knysna, etc), how many hours it took, and if there were any additional costs in R for parts you needed to purchase for the installation. You can easily set up a list of your regular service using Google sheets or Google docs and then just copy and paste the relevant information into the invoice template. This list should be as detailed as possible to ensure there is no confusion as to what the client is paying for. Description of goods and servicesĬreate a list of the goods obtained or services rendered. However, if your business is registered for the turnover tax you don’t need to charge VAT on your invoices. You can also choose to register for VAT voluntarily if your turnover in the past 12-month period exceeded R50,000. If your annual turnover exceeds or is likely to exceed R1 million, You must register for VAT and collect it on your invoices. If there are any specific conditions for early or late payments these should also be included in your business invoice.
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