If you’re a freelancer, it’s essential that you know how to make invoices correctly, as it is a fundamental document for managing your business activity. In this article, we will show you step by step how to make invoices as a freelancer so you can comply with your tax obligations and avoid problems with the authorities. We will also provide you with some practical tips so you can create invoices efficiently and professionally.
Before we begin, it’s important to note that an invoice is a document that certifies the delivery of goods or the provision of services. Therefore, you must include all the relevant information to make sure the invoice is valid and complies with legal requirements. Here are the five simple steps to making invoices as a freelancer:
Identify the parties: The invoice should include the details of the issuer and the recipient, including their name or business name, address, and tax identification number (TIN). If the recipient is a company, you should also include their registration number.
Itemize the services provided: In the invoice, you must detail the services provided or the goods delivered, including their corresponding price and date of delivery. You should also indicate the taxable base, which is the amount on which the corresponding tax is applied.
Apply the corresponding VAT: If your business activity is subject to Value Added Tax (VAT), you must apply the corresponding percentage based on the activity performed. Remember that there are different types of VAT depending on the goods or services provided.
Include the total amount to be paid: Once you have itemized the services and applied the corresponding VAT, you must include the total amount to be paid, which includes the taxable base plus VAT.
Add the payment method and date of issuance: Finally, you must include the accepted payment method and the date of issuance of the invoice. You can also include other relevant information, such as payment terms and conditions or the invoice number.
Now that you know how to make invoices as a freelancer in Spain, the next step is to account for them for the corresponding tax filing. This is something we can help you with at our accountancy firm for the self-employed in Malaga.
In summary, making invoices as a freelancer is a simple task if you know the necessary steps to do it correctly. Remember that a well-made invoice will allow you to have good accounting and tax management, and avoid problems with the authorities.