how to invoice?

[NotAllThere]

...hopefully ill invoice them tommarrow and i'll get paid a whopping 29900

I thought you said 5 months, not one month.

[RichardCranium]

it's all good my agency have received the time sheet, I was just lazy in setting up the ltd company and then the accountant in terms of filling in the forms, I'm one of those lazy ppl.

hopefully I'll invoice them tomorrow and I'll get paid a whopping £299.00

Not a bad rate for a first contract. As I said, Congratulations!

It is probably worth phoning Hays and warning them this invoice is on its way, just as a courtesy. That way it should help prevent any delays. (They shouldn't quibble, that kind of money is one hour's turnover for them.)

Now then, this is important.

1. Put the VAT component into a separate company deposit account. NEVER spend the VAT. You can go to prison for that, at the least it will wreck your life.

2. Put a suitable %age into that deposit account to cover the tax component. Ask your accountant what that %age should be (don't ask me, I always put too much in).

3. Do NOT be tempted to blow the rest! Think about how much it has cost you to stay housed and fed and warm since you started this gig, and put that much into the deposit account too. That will see you through your next lean patch.

4. Do NOT EVER leave it that long again. Agencies DO go bust. A colleague of mine had 4 months timesheets outstanding when Plexian went bust; he got nothing. And you want the interest to be earned in YourCo's account, not in the pimp's account.

5. Pink champagne is the tasteful way to celebrate when you're a contractor. And perhaps a nice watch.

6. Congratulations!

[Sockpuppet]

its all good my agency have recieved the time sheet, i was just lazy in setting up the ltd company and then the accountant in terms of fillin in the forms, im one of those lazy ppl.

hopefully ill invoice them tommarrow and i'll get paid a whopping 29900

your company will get paid

Its not your money yet.

[trsisko]

its all good my agency have recieved the time sheet, i was just lazy in setting up the ltd company and then the accountant in terms of fillin in the forms, im one of those lazy ppl.

hopefully ill invoice them tommarrow and i'll get paid a whopping 29900

[RichardCranium]

Mmmmmm. Even at those rates you'll never convince some managers that you offer 'value for money' compared to outsourcing to India.

Back in the late 1990s, the IT manager at clientco was tasked with doing a cost/benefit analysis of a couple of outsourcing options versus continuing with the internal IT department.

He did a cracking, professional job which showed the IT Dept was lean, mean and efficient and it beat the external competition in the cost/benefit analysis.

They said "Thank you", crossed off the internal option and went with the cheaper of the outsourcers.

Different budget, see?

[HairyArsedBloke]

Net fee 0.00

VAT at 17.5% 0.00

Total due 0.00

Mmmmmm. Even at those rates you'll never convince some managers that you offer 'value for money' compared to outsourcing to India.

[Crossroads]

hi,

I created my ltd company and setup an accountant with quay accouting, I got a coroperation tax form and I think im ready to start invoicing.

Problem is I have 5months back pay to invoice, do I invoice all of this on 1 invoice to Hays IT or do i create 4 seperate invoices for April, May, June, July August assuming my business starts from april 31st.

Can't wait to get paid I have hit my overdraft limit to say the least.


total Noob here

Speak to your accountant. Have you been working for this client since April? Why the delay? Is this when your company was incorporated? Are Hays aware of the situation? Does your contract have anything nasty in it regarding payment deadlines and forfeiture of professional fees?

[RichardCranium]

Co-operation tax? flip me.

OK. I call 'tails'.

[Sockpuppet]

a coroperation tax form

Co-operation tax? Feck me.

[trsisko]

thankyou for the quick responce well when i get paid i will be in Nando's off charring cross station then a few pints after just let me know when lol

[RichardCranium]

One invoice for the lot is fine. The sample invoice you show looks fine too (if you are VAT registered).

Congratulations, and mine's a pint of any real ale.

[trsisko]

EXAMPLE SALES INVOICE
YOUR Company name
Trading address
Telephone
Fax
Email
Contact Name
Client / Agency Name
Address
Address
Address
Address Postcode


Invoice number 001
Tax point / invoice date 1 December 2009
Client purchase reference PO/001/001

INVOICE

VAT NUMBER 123 4567 89


PROFESSIONAL SERVICES IN RESPECT OF:

Describe the service rendered


Net fee 0.00

VAT at 17.5% 0.00

Total due 0.00








TERMS:
THIS INVOICE IS DUE [STATE TERMS OF BUSINESS HERE]



Registered office address
Company number and country of incorporation


I need to fill this in right can someone show me how so imagine i do 35hrs a week for the last 5months not including overtime or bank holidays

[trsisko]

hi,

I created my ltd company and setup an accountant with quay accouting, I got a coroperation tax form and I think im ready to start invoicing.

Problem is I have 5months back pay to invoice, do I invoice all of this on 1 invoice to Hays IT or do i create 4 seperate invoices for April, May, June, July August assuming my business starts from april 31st.

Can't wait to get paid I have hit my overdraft limit to say the least.


total Noob here