Basics
What’s a Correct or Valid Invoice? Data Checklist
When creating invoices for business transactions, whether for sales or purchases, certain key elements must be included to ensure the invoices are correct or valid. Keep in mind that these elements are essential for businesses operating in standard currencies like euros or dollars and do not apply to cryptocurrency companies. Sales Invoice Data A) CUSTOMER INFORMATION For businesses ✅ Company name. ✅ Registration number. ✅ VAT number (if applicable): Find out if you need VATSome readersShould I Add VAT to My Invoices?
The rule is quite simple and depends on the type of service your company offers and whether it is subject to VAT or not. Then, what if your company is subject to VAT (VAT liable)? Let's see. If your customerPopularDo I Need a VAT Number to Invoice My Customers?
You do not need a VAT number to invoice your customers, even your European customers. From the moment your company enters the company registry, you can issue invoices, but remember that you’ll need a bank account or another payment method to be paid by them. How Do I Know if a Company or Freelancer Has a Valid VAT Number? You must make sure when dealing with a European company, that they are really registered as VAT operators and have a valid VAT number. Some companies or professionals mayFew readersHow to Add an Invoice in a Specific Currency?
To generate an invoice in a specific currency, follow these steps: In the left-hand menu, go to the "Invoicing" section and click on "New Invoice". Select an existing customer. If you haven't added this customer, head to the "Customers" section in the panel and input all the details. Now you can select the invoice items. Use the "Currency" field to choose the correct currency for the invoice. If you want to review the invoice before generating it, click "Preview Invoice". Once saPopularCan I Use My Current Invoicing Software With Companio?
As part of being our customer, you have access to Companio’s all-in-one accounting dashboard, allowing you to upload your sales and purchase invoices, as well as bank statements, every month, and forget about the rest. Our goal is to prevent you from having to deal with paperwork, bureaucracy, and spreadsheets, so you can focus on growing your business. You can use another invoicing program if you want, but remember that we require you to upload all invoices and bank statements to our platforFew readersCan a Customer Invoice in Crypto?
No, if the company is not dedicated to offering crypto services. You can bill in euros and your clients pay you in crypto if you use a platform like BitPay or similar.Few readers
