Tax Invoice Template Free Download

What is the tax invoice template in Google Docs and Sheets format?

The tax invoice template is a legal document that provides customers with detailed information about product and service prices, including any applicable taxes; besides, it is a requirement in certain countries. This template includes essential information for both parties, along with a detailed itemized table.

This template serves as primary evidence for claiming input tax credits and is issued for taxable goods and services. It provides crucial information about sales transactions, which is essential for B2B tax requirements and for maintaining accurate financial records.

Using this template is vital for tax deductions, recordkeeping, audits, and compliance. Moreover, the template supports accounting and tax reporting requirements and is available in fully customizable formats: Google Docs, Google Sheets, PDF, Excel, and Word.

What Are the Elements of the Tax Invoice Template?

In the first section of this template, you can find the buyer’s information and the business logo, followed by the client’s information and payment terms. The third section features a services and goods table with an automatic calculation feature. Below it, the remarks/payment instructions appear on the left, while the payment summary is on the right.

The elements of the tax invoice template:

• Header Information: This section consists of detailed business and client information.
• Invoice details, which include the invoice number, date, and reference number, you can easily add more to this section.
• Itemized Billing Table: Through this table, you can add many rows with the feature of the automatic calculation of the quantity and unit price.
• Remarks/Payment Instructions: It consists of total hours, hourly rate, discount, total pre-tax, tax rate, total tax, and balance due, with a feature to edit these parts and add what suits your business.
• Configuration Section: This section includes terms and instructions for this invoice type.

Why is the Tax Invoice Template for Google Docs and Sheets important?

A tax invoice template for Google Docs or Google Sheets is important because it’s easy to edit, saves time, and can be shared in various formats or via email. Most notably, it provides a standardized template for your business.

Downloading the tax invoice template for Google Docs or Google Sheets is a wise choice for professional work. It keeps your business on track and builds a clear, consistent relationship with customers by offering a detailed pricing document.

1. This template binds agreements between companies and buyers, especially for larger purchases.
2. The tax invoice template records services rendered and items provided.
3. This template offers detailed pricing, which helps the two parties stand on the same page.
4. It maintains your rights and the record of your work daily, weekly, or monthly, which helps to measure and analyze your work easily step by step.
5. Using invoices helps everything related to the accounting section to register and identify each sales transaction occurring in the account.
6. Inform the client to pay the agreed charges with clear information about the prices, discounts, and tax of the selling units.
7. This template is evidence of the transaction between two parties.
8. The invoice is a legal agreement between two parties on specific terms and conditions.

How To Fill Out Your Google Sheet Invoice

It is easy to fill out your Google Sheet or document invoice in simple steps:

1. Fill in the company tab

• <Your Company Name>
• <123 Street Address>
• <City, State, Zip/Post Code>
• <Phone Number>
• <Email Address>

2. Then the client's details

• <Contact Name>
• <Client Company Name>
• <Address>
• <Phone>
• <Email>

3. At the end, the project details

• <Project Name / Dept>
• <Project Description>

4. Don’t forget to register the date and the invoice number.

5. Enter the service items and their prices.

6. Share the invoice with the client via email or print it and deliver it by hand.

Who uses the invoice template in Google Docs and Sheets?

The invoice templates are beneficial to every store manager, small business owner, and cashier. It helps retail businesses and B2B businesses keep records of the accuracy of sales, purchases, and payments.