Intermediate level · Module 5: Financial Management for Freelancers · Lesson 3 of 3
Invoices and Records
Keep records that make taxes and planning easy.
In this lesson you will
- Create professional invoices
- Track income and expenses
Key concepts
invoice contentsnumberingexpense recordsmonthly review
The lesson
Invoices show your details, client details, invoice number, date, services, amounts and payment terms.
Record every payment received and every business expense, with receipts.
Review monthly: income, expenses, buffer and savings.
Step by step
- Create an invoice template.
- Set up income and expense records.
- Enter a sample month.
- Do a monthly review.
Practice activity
Set up your invoice and records system.
Expected result: A working invoice template and records.
Check your understanding
-
Name four things an invoice includes.
Show answer
Your details, client details, number, date, services, amounts or terms.
-
How often should finances be reviewed?
Show answer
Monthly.
Taught live by an instructor — online or in person. Free course lessons are for self-study and do not lead to a certificate — see registration options.