We all tend to give excuses for not completing the to-do list. If you’re lazy, you find reasons for your unaccomplished goals. A person with a real thirst for success finds the possible strategies even with a 0.1% chance of success rate. Stay awake in your business and turn your ideas into actions. So, today we bring you another challenge while working on your startup.

As every startup faces a scarcity of funds during its initial days, it is a wise choice to use the free potential resources. There are free invoice template makers available online. You can either use these platforms or customize the predesigned templates. Most small business owners are likely to rely on these tools to create their professional invoices from scratch. Or else use the readymade invoice with slight alterations based on your preference.

Shall we take a look at how to customize the invoice templates from the invoicing software, InvoiceTemple? Let’s figure out.

Before we dive into our topic, let me ask you a question! Do you know what is an invoice template? 

The invoice template is a predesigned copy of an empty invoice with specific information to fill out the transaction details of your trade. A seller can send the drafted invoice to the clients to keep it as a formal document of business exchanges between them. There are many advanced invoice template makers available in the market. But some elderly business people prefer using the familiar format such as MS Word or Excel. For them, InvoiceTemple offers free invoice templates in the formats of Google Docs, Spreadsheets, PDF, MS Excel, and Word. All you have to do is enter the required details in the available invoice template and save the copy.

What Makes a Good Invoice Template from InvoiceTemple?

A well-structured invoice with adequate billing details ensures you get paid on time. As an organization, you can keep track of your financial transactions in an organized way. InvoiceTemple offers free downloadable invoice templates for everyone without any partial interferences. Users can customize these templates to complete their billing process. A properly formatted invoice has to explicit the professionalism and clarity of each entered detail. 

So, what actually makes a good invoice template?

• An invoice should have no suspicious or blend-in information. It should be comprehensible for both the owner and the recipient.
• Users should be able to do the actions of adding or removing the sections in it. Flexibility is essential for a complete customization option.
• Most significantly, a professional invoice template must include details such as invoice number, date, client details, payment details, product or service description, and applicable taxes.

The available pre-formatted templates in the InvoiceTemple encompass the above-mentioned criteria. You can use the free templates in Google Docs, Spreadsheets, PDF, MS Excel, and Word. These templates can be repurposed the templates for sufficient business invoicing.

Types of Available Invoice Templates at InvoiceTemple

You may use various document formats to gather the financial information of your organization. Discover the versatile options offered by InvoiceTemple. Then, pick your adaptable invoice template format for you. Read further to know more about the available formats in this invoice template maker,

1. Free Invoice Template in Word:

Microsoft Word template is the spontaneous choice for small business owners due to their familiarity among all age groups. People have deep knowledge about working on it to edit the templates for their business operations. However, when you create an invoice for the first time in MS Word, it may take a substantial amount of time to do this. Once you set it, you can use the same template numerous times.

Fortunately, InvoiceTemple helps you to skip this initial setup in its predesigned free invoice template in Word. You can simply make a copy of it and download it for free. Use Word templates for your startups without any credit limits. 

2. Free Invoice Template in Excel:

While creating invoices and making a few alterations in Word format, it may fall short of creating the layout of your invoices. In business organizations, you may require to calculate or track multiple products or items. Such tasks could be quite non-functional in Word format. For such cases, MS Excel comes in handy. Excel templates feature built-in formulas, and automatic calculations for total, taxes and discounts. So, you can blindly trust the chance for no errors in the calculations.

If you are looking for invoice templates with automatic calculations, you can use InvoiceTemple’s free invoice template for Excel to experience better invoicing capabilities.

3. Free Invoice Template in Google Docs:

To collaborate with your business partner or colleagues, it is better to use cloud-based Google Docs to format your custom invoice. Just get the free invoice template in Google Docs and start the invoicing process. InvoiceTemple offers free invoice templates for Google Docs to generate invoices during collaborative tasks. Google Docs provides the same functions as MS Word. The only difference is that Word is a desktop-based offline editing whereas Google Docs is a cloud-based editing processor.

4. Free Invoice Template in Google Spreadsheet:

Google Spreadsheets enable the user to allow multiple-item tracking. The functionalities of the above-mentioned three processors are available in a single Spreadsheet. Moreover, it is a cloud-based processor to accessed from anywhere. InvoiceTemple offers a different option for choosing the free invoice templates in Google Spreadsheet. Users can download and use them from their active Google account.

5. Free Invoice Template in PDF:

If a user wants to use this invoice template for their business purposes, any recipient can alter the format of the invoices. To prevent such incidents, use PDF formats while sending invoices to your clients. InvoiceTemple offers various themed invoice templates in PDFs. Moreover, these invoices can be received exactly as intended.

Common Limitations of Free Invoice Templates

Now, you can see the advantages of free invoice templates in different formats. But, every free option has a certain limit in it, doesn’t it? Here are the possible constraints for you to consider,

1. Fewer Customizations:

The automatic tax calculation may not be accurate in Excel or Spreadsheets. It may differ if the given formula does not apply to the particular region.

2. Manual Updates:

Users have to manually update the discount rates for particular customers whenever they create new invoices. It could be a confusing process while working with large volumes of invoices.

3. No Online Payment Integration

In the document format of a free invoice template, user cannot integrate their online payment gateways. It could cause delays in the payment progress.

4. Inconsistent in Template Designs

Maintaining consistency is key to professionalism. However, while using the free invoice template in different formats, it could be challenging to maintain it across different invoices.

Best Alternatives to Free Invoice Template

To stay out of the above-mentioned limitations, you can consider these two options to receive the best user experience (even without spending a penny).

1. InvoiceTemple’s invoicing software is the premium option for every new company. It is an efficient option to access its numerous functionalities. Users can customize, create, edit and send invoices in different themed templates.

As a startup company, you can use their free plan. It is better to get familiarized with the available facilities before committing to a paid version. Though the free option has some limitations, you can still enjoy the benefits to its fullest. Check out the offerings from InvoiceTemple invoicing software.

2. An invoice generator is another flexible option to test and generate an invoice without creating an account. A free invoice template maker allows you to input your invoice details directly. Then, download the completed invoice copy on your system. However, the only difference is that you cannot analyze your sales report or integrate the payment gateways. Other than that, it is an easy-to-go option.

InvoiceTemple offers a free invoice generator facility. You can get through their website and make use of it.

Which One is best: InvoiceTemple Invoices or Free Invoice Template

The choice completely depends on your business needs. If you run a large enterprise, better invest in the invoicing software. It will tackle your entire financial process without the need for any human calculation or reports management. However, freelancers or small businesses mostly have basic invoicing needs. They may find these free templates in Word or Excel suffice for their purposes.

Pros

Cons

Key Takeaways

Unlike free invoice templates, invoice generator like InvoiceTemple presents you the detailed financial reports. Users can use this invaluable feature for their business to track their revenue, expenses and client payments. Some freelancers opt for free invoice templates in Word or Excel formats in their beginner stage. Nevertheless, the more facilities you need, the more it is better to get accounting software for your small business or freelancing projects.

Better decide according to your business needs without sacrificing your valuable time in creating an invoice from scratch.