How to create a best practice electrician invoice template for Australia
4-minute read
4-minute read
As a licensed electrician in Australia, you're required to work to the highest standards and your customers will expect the best outcomes. So, it's important that your business paperwork – including your invoices – reflects the high quality of your workmanship, as well as being ATO compliant.
Your invoices (along with all your other stationery) are actually part of your marketing material, as they serve to reinforce the values of your business – while requesting payment, of course. Follow our tips to create an invoice template for your electrical business that looks good, and is ATO compliant – it also may help to get you paid faster.
Overall, keep your invoices clean, smart, simple, easy to read and well branded.
Invoices sent out by sole traders and small companies in Australia are required to feature certain mandatory information, so make sure the template you choose for your invoicing is correct for Australian businesses.
Talk to a designer or print shop about a bespoke invoice design, which could be adapted from your letterhead. Or search online for free downloadable invoice templates in Word or Excel – checking that they are Australian Taxation Office (ATO) compliant.
If you use accounting software such as MYOB or Xero, you may be able to use one of their invoice templates, as long as it is appropriate to your trade.
To comply with Australian Taxation Office requirements, your invoice template should feature the following information and fields:
You can include the tax as a single amount using words such as ‘Total price includes GST' if your invoice is for a total of less than $1,000 and all items on it are subject to 10% GST. If the invoice is for more than $1,000 the GST amount must be featured beside each item and the buyer or recipient of the services must be identified on the invoice.
Not sure if you need to register for GST? You may find the answer in our Business basics for sole traders article.
In addition to creating invoices for electrical work that are clear, professional looking and compliant with ATO requirements, you can also incorporate a few things that may help get you paid faster. Here are some tips:
Customers like choice, so helping them pay you the way they want to may speed up payments. Options you could feature on your invoices include:
Or paying you with cash, of course, which you can also track through the EFTPOS Air app.
To sum up
As an electrician, you'll know that time is money – so saving a bit of time yourself makes sound business sense. It could be a good idea to bear this in mind when sourcing and creating an easy-to-use invoice template for your electrical business.
This information does not take into account your personal circumstances and is general. It is an overview only and should not be considered a comprehensive statement on any matter or relied upon. Consider obtaining personalised advice from a professional financial adviser and your accountant before making any financial decisions in relation to the matters discussed in this article, including when considering tax and finance options for your business. Westpac does not endorse any of the external providers referred to in this article.
PayID® is a registered trademark of NPP Australia Limited.
1. Compatibility: To use EFTPOS Air your iPhone or Android device will need to be Near Field Communication (NFC) enabled and running on one of the supported iPhone Operating Systems (iOS) or Android Operating Systems (OS) listed at https://help.eftposair.westpac.com.au/compatibility/, which may change from time to time. Tap to Pay on iPhone requires iPhone XS or later running iOS 16.4 or later and a supported payment app. Some contactless cards may not be accepted by your payment app.