Invoices: What You NEED TO KNOW

[@wases323]

Yo, much appreciation, i finally found someone that explains exactly what an invoice is and actually understood what the hell he's talking about.

[@AccountingStuff]

Cheers Wassim, glad the vid helped

[@natherahkarim7146]

Sorryidontwananyrhingforu.

[@xshadowfistx]

@@natherahkarim7146 stupid idiot

[@jeffreypetree7163]

​@@AccountingStuff I'm not getting it . Say I get a invoice with the amount say $100.00, How do I pay the invoice bill , with what ? I'm tupid 😮😮

[@jj..-]

@@AccountingStuff What's next when don't pay? Could I get a chart & examples for when don't pay eg. Pre reminder letter/invoice, Reminder Letter & invoice, Outstanding letter &/ invoice, statement to include with for new charges or payments made to accompany letter or invoice, & invoice or letter with late fees do up another invoice or statement, I really like to know every single step, do also send agreement to refresh their memory & if so, what stage? Do have all examples or samples do have link/s? How many steps are there in total?. Also, does it matter if I did an invoices for companyA invoice no. 01, another different companyB invoice no. 02, then companyA again for new service/fees on invoice number 03? Like it is in a cash receipt book, or does have to be eg. CompanyA invoice numbers 01, 02, 03 & CompanyB is same invoice numbers 01, 02, 03 or 04, 05, 06? What to do if already stuffed up the invoice numbers if did wrong or invoice if wrong & they already received? 🙏🙏

[@Surixo]

I’ve made my first invoice! Feeling like a smart little cookie. You did scare me when you said invoices aren’t legally binding so people can still refuse to pay you. Am hoping I get paid for my contract work

[@jennyatkinson4915]

I live in Japan and recently got a job that includes accounting affairs, which must be done in English and is a totally new field for me. This video helps learn the basics of invoicing. Easy to understand. Thank you for your brilliant work!

[@wjarcs]

I'm developing an invoicing system software for PC desktop.. if you like a demo please let me know.. good day!

[@evanmao2532]

@@wjarcs Can you please share it with me?

[@bunnyman6321]

​@@evanmao2532 Did the person invoicing system work for you?

[@V3lv3n]

preparing for an interview as an administrative analyst working with invoices, this was a good refresh on some accounting basics that i wouldve lost if i relied purely on academic experience, thank you

[@V3lv3n]

Got the job btw

[@honeyrose6727]

@@V3lv3n congrats!

[@lantrabs]

I live in Canada. I used to work for a company that does wholesale selling and I agree with you. We gotta make sure that invoices are signed or else the customers will deny the existence of the invoice and won't pay it. Really a pain in the ass. Thank you for this video. I was looking for AR/AP topic and somehow ended up here lol.

[@bunnyman6321]

Interesting

[@ugwuchibueze1877]

You are right. Pls I will like to seek for your assistance via the invoice. I just got the job new as an account officer.

[@AccountingStuff]

I've had a few people asking for more videos explaining basic Accounting terms. Are there any that you would like me to cover?

[@kunnuraj7281]

yeah.... i am... you may make a another video on " the differences between transaction and event." for example -($5000 paid as a rent of office premises is a transaction) where as ( On 1st september I paid rent $5000 is a transaction as well as event also... and (On march , after the sale of goods $5000 , he is left with the closing stock $8000 is an event..)🤔😑😥😕😓😓 how.???.. i'm getting confused..... plz make a video on the diffrences between transaction and event.... plz help..😌😌

[@kunnuraj7281]

and again #nice_one_video..

[@AccountingStuff]

Thanks for your question! That's an interesting one. To be honest, I've never really had to distinguish between Event and Transaction before. After having a read online it appears as though event can be interpreted in a couple of different ways which makes the term a bit ambiguous. Definition #1 (Broad Definition) - An event is a 'thing' that happens. This may result in a transaction if it affects the financial resources of a business. So a transaction may or may not result from an Event. Definition #2 - An event relates to the result of a transaction on a companies balance sheet. It sounds like you are using this definition. So when you say 'left with closing stock of $8000'... that would describe the event. Whereas 'the sale of goods of $5000' would be the transaction. Does that make any sense?

[@kunnuraj7281]

@@AccountingStuff thanks for ur help... i understands a little bit.. maybe....... but i still research on that ....... thank you so much 😊☺😊😏

[@AccountingStuff]

@@kunnuraj7281 No worries, good luck 🙂

[@cdmanor777]

New business owner and this was extremely helpful. Thank you so much.

[@bunnyman6321]

How your business going?

[@critter_core]

My mom isn't paying me for walking the dog unless I do a stupid invoice lmao

[@allpurposeconstructionwiz]

If you are speaking the truth you have a good mother❤

[@critter_core]

@@allpurposeconstructionwiz I'm not opposed to it, she's just not helping me figure it out and I'm still confused lol Like, she wants me to do an invoice, something I've never done before, and proceeds to force me to figure it out lol

[@LoriBothwell]

😂🙃

[@trashPanda416]

That creates .accountability. you have an outstanding mother. Don't stop building your Present ... never plateau. When you see the loop that's the warning sign....😊

[@ginndiaries]

Ofcuz she won’t help u, that’s how u try to learn from ur environment. Do u pay someone or a shop to get something u want? How did they do it? Why do they give u receipts? What do these numbers on receipt means? U need to see and learn by urself. If she teaches you, u are going to get lazy or distracted.

[@pukhtoongaming2506]

Really appreciate your work and your method of teaching is amazing 😊

[@AccountingStuff]

Cheers Umar, I'm glad that you're finding the videos helpful!

[@Broke.NoMore]

100000%! Correct

[@tharinduhashanthavithanage3574]

@@Broke.NoMore ddz ෆ් ව්‍ර්

[@keithdmello]

@@AccountingStuff excellent thank you

[@Graceh003]

Thank you for this. I was genuinely quite nervous about making invoices for the first time but I feel much better about it now. Have a great weekend.

[@AccountingStuff]

No worries Hannah, you too!

[@ModernDayMania61]

I never knew I'll be involved in this field. Great video for dummies, thanks so much!!!

[@AccountingStuff]

No problem, all the best!

[@Jo-y7x]

Thanks this help, I finally got a job in accounting after a long time of searching, one of my main tasks are basically issuing invoices for our clients and enter them in the accounting software system, I never done this before, but it looks easy enough.

[@AccountingStuff]

Congrats on landing your new job! You've got this :)

[@UweDreiss]

Great video explaining all the details about correct invoicing. However, I think QuickBooks, Xero and Freshbooks are often overblown for a lot of small business owners. They're complex and require quite a bit of learning to not mess up things. A simpler invoicing-only system such as InvoiceBerry is not only easier to get used to, but it helps the business owner to focus on their job and leave some of the heavier accounting part to their accountant/bookkeeper at the end of the year.

[@AccountingStuff]

I agree that everyone doesn't need to use accounting software. But if you form a company then it becomes very useful to use it

[@LotusGlaze]

Much gratitude. Im starting a business and want to do things properly and professional this gave so much clarity ! Thank You

[@AccountingStuff]

No worries Courtney! Great to hear that you want to do things properly. It'll save you a lot of time in the future. All the best with your business!

[@juniorcoder1267]

Thank you for teaching the world, i have successfully created an accounting system using your videos

[@abdulkamelfaizi7667]

From Afghanistan, an excellent and comprehensive description.

[@scoe_so_wavey8510]

I just started my plumbing business. That’s why I’m here. Thanks for the information ‼️

[@AccountingStuff]

Best of luck!!

[@leehowang8808]

As a Hong Kong student, I love your accounting video as they astutely articulate the point, but I often have to press 0.75 to follow the video, hope my english improve. P.S. just sharing feeling, not to blame, that's a normal speed for a native, I would speak such fast in my own language

[@AccountingStuff]

Thanks for your feedback, I totally understand

[@zainpatel8263]

I started as an accounting apprentice today and your videos have been really helpful. I have been subbed for a while and appreciate the knowledge

[@AccountingStuff]

Congrats on landing your apprenticeship! Hope it's going well :)

[@zainpatel8263]

@@AccountingStuff thanks!

[@momentshub3773]

Amazing backstage work on graphics/video/effects. Like for every video!

[@tinkageorgewilliam871]

My first invoice for my freelance work was automatically generated today :D

[@AccountingStuff]

Nice one! Best of luck with it all :)

[@babur729]

Was looking for some videos about saving important papers like expired licences, invoices etc as too difficult to keep all of them, happened to see your video. It was interesting to watch. Your explanation is very good.

[@AccountingStuff]

Cheers Zafer!

[@giankarlosverko6486]

BEST ACCOUNTING CHANNEL

[@AccountingStuff]

Thanks buddy!

[@robbieplant7136]

Thank you for the straight forward and informative video, this was particularly helpful as I'll soon be starting a new job as a Accounts Assistant with a local accountancy firm where I am in the UK. Part of my job will consist of processing invoices and resolving queries related to them so this video really does help a lot!

[@AccountingStuff]

No problem. Congrats on your new job!!

[@beansb9998]

This dude is so easy to understand, I have not yet watched a video of his and not understood it by the end.

[@AccountingStuff]

Thanks, great to hear you're finding these vids useful :)

[@annecristineherbosa]

thank you so much, this video of yours has made me fully understand what invoices are and you made it so easy to comprehend.

[@AccountingStuff]

Glad it was helpful!

[@dumachavula6883]

It's always a pleasure watching your tutorials

[@wayneshaw3320]

great bit of information , ive just started out as a sole trader in the uk and had no idea how to even set up an invoice let alone what was needed, still a bit hazy as your video was for a service to a buyer where as im looking for one with work done for a company, so i need to work the tax needed and overtime rate to send to the accounts department, but im sure ill get there lol. keep up the great work.

[@AccountingStuff]

Best of luck with your new business! Hope it's going well :)

[@Wherewithal.123]

Excellent video. Short and sweet and to the point.

[@AccountingStuff]

Thanks, glad you enjoyed it :)

[@olatribsdt911]

This is precise, short and comprehensible. Thank you.

[@AccountingStuff]

Thanks! Great to hear you found it useful :)

[@anitapatterson4282]

This is brilliant, so well done and explained, thank you!!

[@AccountingStuff]

Thanks Anita, you are very welcome!

[@missfleek4461]

Beautiful delivery....I love the preciseness

[@danielskateibg]

How do I know if I have to include tax for a certain job? And how do I know how much tax should I charge?

[@725jeyashreer7]

Invoices are 4 types. 1. Direct 2.Logistic 3.Break up 4. By person Can you please explain these four?

[@AccountingStuff]

Thanks for your requests!

[@rosecarpenter7655]

I've watched a few of these videos now, and they are amazingly helpful!

[@Siapagani]

This video is awesome! Your way of explaining is really simple and straightforward, plus the video is short, short and simple is the best all the way! Really appreciate you 😊

[@AccountingStuff]

Thanks for your kind words!

[@Siapagani]

@@AccountingStuff You're welcome 😊.

[@illhelpyoudude]

Heyy.....dude Am I first Indian to visit your channel 😊 I don't know why but your teaching style is very different from others...... Well I understand "what is invoice"

[@larisavernikova7921]

Умница! Ещё не досмотрела, но уже понимаю про разницу invoice and bill 💋♥️👍

[@frapeyou]

Hey, im doing an introduction to managerial accounting at university this semester, could you do a whole review of the subject and what to watch out for/learn, really enjoy your videos

[@AccountingStuff]

Hey mate, that's a great idea, I'll read up on it. Cheers and all the best for the this semester

[@JosephM6961]

Very helpful! Just curious, how would you journalize/record the invoice example at 3:04? What would be debited or credited, etc.?

[@AccountingStuff]

Yes, if you raise a sales invoice then there should be a corresponding journal. Typically this would be Credit Revenue (to increase it) and Debit Accounts Receivable (to increase it)

[@doylestrickland4870]

Thoroughly explained. Thanks bro.

[@marilouquibuyen7760]

Great videos for millenials and young adult learners.

[@AccountingStuff]

Thanks Marilou!

[@delfinodimas]

Simple Easy and great video, me and my dad started our custom cabinets business and he leaves me to the task to do all this stuff this vid was relly helpful also how do we charge taxes??

[@assilaaulia539]

thats a relief i found this chanel, thank uu so much

[@AccountingStuff]

You're most welcome :)

[@nilbrotto]

Keep the great work. If you continue posting videos with this quality, you will become GIANT!

[@AccountingStuff]

No worries, thanks for the support!

[@lamlatynol.2252]

Quick question: what if you aren't familiar with tax law or are unsure whether your service even requires additional tax? If I work commission work and agreed to £10 per hour, 10 hours a week, totalling £100 a week, do I invoice just the £100 for the week's work or do I need to add tax to it?

[@mildredromero917]

no no no. dont say thanks for watchingg. Im saying Thank You for this video i learned clearly way better than the last 2 years w/ my accounting teacher.

[@AccountingStuff]

Glad it helped!

[@laurens12b]

thanks for making it really simple to follow because of the editing!

[@AccountingStuff]

No problem!

[@elhimxreynoso9655]

Love the simplicity!

[@AccountingStuff]

Cheers :)

[@jspetsandcrafts9862]

Info starts at 0:50

[@karenaficial4568]

Hi, I have a few questions. Is there a way to put a section on the invoice to show a deposit or a retainer fee? Also, if a client decides to pay using other methods of payment (check, cash, Venmo, etc.), is there a way to note this on the invoice? I'm using QuickBooks Self Employed

[@_Alimm]

So many videos talk about HOW to sell but not what happens once you make the sale and how to go about it. Thank you so much.

[@AccountingStuff]

Thanks for your feedback, I'll keep this in mind for future invoice videos

[@lunacresentmoon]

this si the type of man we should be hiring to teach our teen everything about business. God know it would be much more beneficial than have the crap they are being forced to learn

[@SherifaNakalema]

You make accounting fun! I am subscribing just by watching you explaining an invoice. Great.

[@AccountingStuff]

Great to have you on board :)

[@ayeshahabib7133]

Y made every thing so easy. Thankyou brother.❤

[@AccountingStuff]

Great to hear it makes sense :)

[@kevywilliams3304]

Best accounting videos ever!

[@chavycash2518]

I very rarely "like" videos but i clicked like for this one.

[@AccountingStuff]

Legend, thanks!

[@andreacavaliere884]

Great video.... but no where can I see where the client should pay? No bacs option. Can you add this on the invoice. ? I’m confused by the QuickBooks options.

[@neetrab]

This is a gem of a video. Thank you SOOOO much!!

[@eiengel8563]

You are the men You are Big teacher 🙏🙏🙏

[@sandracunningham5078]

This info presented was delivered with clarity and precision.Very informative.Thank you

[@shwetadesai9672]

I like your teaching style 🤩

[@AccountingStuff]

Thanks!

[@adamtak3128]

Entertaining and right to the point :) Thumbs up mate.

[@AccountingStuff]

Cheers Adam!

[@user-ig1ew2kb8t]

Thanks for the video. But how exactly does the buyer pay once the invoice has been sent? Will the seller send a payment request like via paypal or debit card?

[@adrianlopez371]

Gracias chingon... fuiste de mucha ayuda!!! Suerte en lo que agas!!

[@AccountingStuff]

De nada :)

[@evanmao2532]

Hi James, I'm a self-employeed software engineer in Canada. My "emplyor" requires me to send invoice at the end of month for payment. Can I create invoice on QuickBook online by myself?

[@nellynel1of1]

Thank you! And dope transition at 4:48

[@AccountingStuff]

Thanks Nel!

[@juliejarrett9773]

New to running my own business thank u

[@LungCancer420]

Thank you for this. Both concise and detailed!

[@anizyart]

The information was delivered is such a clear, short and also interesting way that it was really useful and helped me a lot thanks :D

[@AccountingStuff]

Thanks, I'm glad it helped!

[@edoughamarian7275]

Thanks for the lesson. Pls explain this statement for me. What does it mean to extend the invoicing into cashflow based on average payment days by a customer.

[@ItsSRS]

what is the different between SHIP TO & BILL TO?

[@AccountingStuff]

'Ship to' is where the goods are to be delivered to, whereas 'Bill to' is the buyer's address

[@ItsSRS]

@@AccountingStuff thank you

[@AccountingStuff]

@@ItsSRS No problem

[@jonathanNgoMinh]

rlly clear explanation, great video 👍

[@AccountingStuff]

Thanks, I'm glad you enjoyed it :)

[@NginyuDamian-yh6nk]

Thank you for this. It's really helpful

[@iamh.a.l.f7201]

thanks bhai , love from india

[@slayersaurabh]

Really good and clear explanation

[@88foldpath]

Can you use a virtual address or PO Box for your business address on the invoice? Not sure how comfortable I feel giving my home address out to every client, since my LLC is registered at my home address.

[@oscalealvisl]

Great videos bro 👍🏽

[@nirubyjames4480]

Thank you for teaching and sharing invoice information.😊

[@AccountingStuff]

All good, hope you found it useful!

[@tokyoeffect9719]

Thank you me and my sister are starting a business and we could not figure it out

[@AccountingStuff]

No worries, best of luck with it!

[@tokyoeffect9719]

@@AccountingStuff omg thank you!!

[@gabrielgoku518]

am watching all the videos you posted

[@AccountingStuff]

Nice one, hope you're finding them helpful

[@gabrielgoku518]

@@AccountingStuff sure

[@WithFaizanKhan]

Loving Your Content, Your Unique Way of Explaining Things Works Perfectly!

[@AccountingStuff]

Cheers Faizan!!

[@amandaroberts4259]

Please does my business need to be registered to use the invoicing software?

[@VO_JayRedding]

Very informative. Thanks!

[@smartyyoung7319]

haha had one A/P rec sim on my CPA exam, this clears thing out.

[@AccountingStuff]

Glad to hear it

[@SanishaAlvarado]

This video was very helpful, thank you

[@AccountingStuff]

You're welcome!

[@augustineokhuekhie5570]

Thanks you for this wonderful piece of info

[@ModelTheVertex]

If Im trying to describe the Hours worked should I put that under the description or the quantity?

[@fidybeanbird]

What an amazing video. Keep up your good work! I'll check your other videos too.

[@AccountingStuff]

Thanks, glad you enjoyed it!

[@theseether6]

Thank/You Mr. INVOICE.👍👍👍

[@scarlettbamaRTR]

Hi ! Enjoyed the simplicity, yet entertaining, quality of your QBO video. Confused on Client Payment: Received vs PAID + CLOSED. Can you please answer? Easy explanations are rare. Appreciate! (I am QBO 2020; considerer me newbie-ish)

[@Worship_Central]

The video was really helpful thanks a lot

[@DavidJG242]

What about estimates? I have created a questionnaire for clients. do I send them the estimate from the Q-form and send them an invoice at the end of a project?

[@Dino-mg7od]

I live in the UK- as limited company is it better use operating/trading address for invoice or company house registered?

[@sajaybrown991]

When a new year begins, should we start numbering our invoices all over again or do we continue with the next number in the sequence?

[@mariatahir9730]

I just like the way you explained. Thank you so much for your great effort 👍🏻. Now i never forget about invoice.

[@AccountingStuff]

No worries, you're most welcome :)

[@malinirao]

Very well explained, thanks a bunch!

[@scarletdragon1019]

This video was awesome, quite informative! Thanks 😊 👍

[@lilcartivert1629]

do you have to pay the invoice right away?

[@AccountingStuff]

It depends on the payment terms that have been agreed.

[@paulmartinez7967]

Dude that was well done. Thanks for the data and making it so simple. : )

[@AccountingStuff]

No problem!