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Invoice regulations
Invoice regulations
Sole Proprietor fulfilled part of his task and wants to have some money.
S.P. is a big specialist in his field, but he knows very little about Invoice demands.
Where to find regulations how to prepare Invoice, what kind of information should be there, and what - shouldn't.
S.P. is a big specialist in his field, but he knows very little about Invoice demands.
Where to find regulations how to prepare Invoice, what kind of information should be there, and what - shouldn't.
- sundaymorningstaple
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Re: Invoice regulations
I'm not sure how you make your money. Big in his field and claiming to know all about "Office" weapons? Just go to Excel and click new, on your computer, spreadsheet solutions, Sales Invoice. Eureka! A sales invoice template. Add your company information at the top. If you are GST registered add your GST registration number as well (as a SP I doubt you are earning over 1M/year in gross revenues - so you are not required to be GST registered). Fill out the Client's data and the details of the invoice and Bob's your uncle!Pablito wrote:Sole Proprietor fulfilled part of his task and wants to have some money.
S.P. is a big specialist in his field, but he knows very little about Invoice demands.
Where to find regulations how to prepare Invoice, what kind of information should be there, and what - shouldn't.

No different here than in any other part of the world. Actually, even your accounting package usually has a template for invoices as well. I assume you have an accounting package? MYOB, Excel based? Peachtree?
You've entered the war zone, brought your WEAPONS and left all your ammunition in your home country?

sms
Last edited by sundaymorningstaple on Tue, 17 Nov 2009 2:10 pm, edited 1 time in total.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
- Strong Eagle
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Re: Invoice regulations
Except that you must have your business or company registration number on the invoice and if you are collecting GST it must be a 'Tax Invoice'.sundaymorningstaple wrote:No different here than in any other part of the world.
sms
- sundaymorningstaple
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I believe, when you get your business license it tells you that ALL documents must contain your company registration number. I already mentioned the fact about GST registration but it would be doubtful that he would be GST registered as it's a brand new company. I was assuming he has registered his company........
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
- Strong Eagle
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- sundaymorningstaple
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- Posts: 39997
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
- sundaymorningstaple
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- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
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I have other questions related to the invoice, please help me
1. My company is providing consultancy for a company oversea, how would they pay us when we invoice them? I mean usually do they transfer money to our company account? or by what other means like telegraph, western union, check or...?
2. If transfer money through company acc, in case the company acc is not yet ready (due to some delay in activation and so on), should we make an invoice and request them to transfer the money to another account (my personal acc) and then I put this money back to the company acc? Is this legally possible to do so?
thank you.
1. My company is providing consultancy for a company oversea, how would they pay us when we invoice them? I mean usually do they transfer money to our company account? or by what other means like telegraph, western union, check or...?
2. If transfer money through company acc, in case the company acc is not yet ready (due to some delay in activation and so on), should we make an invoice and request them to transfer the money to another account (my personal acc) and then I put this money back to the company acc? Is this legally possible to do so?
thank you.
sundaymorningstaple wrote:And boy is it bloatware!
Yes, international (= "telegraphic"*) transfer is the norm.freeman.vu wrote:1. My company is providing consultancy for a company oversea, how would they pay us when we invoice them? I mean usually do they transfer money to our company account? or by what other means like telegraph, western union, check or...?
* I wonder why they still use this term in Singapore...
Sounds a bit hypothetical, as the company account should be ready the minute you open it, but yes, nothing "illegal" about you receiving money in your account and transferring it to the company account. It's only the opposite, having your company "lend" you money personally, that makes accountants have heart attacks.2. If transfer money through company acc, in case the company acc is not yet ready (due to some delay in activation and so on), should we make an invoice and request them to transfer the money to another account (my personal acc) and then I put this money back to the company acc? Is this legally possible to do so?
One additional point for invoices in Singapore: you'll probably want to explicitly specify payment terms and the interest rate for late payments, or otherwise you'll have a hard time claiming any in court if the poop hits the air-conditioner.
Vaguely heretical thoughts on travel technology at Gyrovague
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