For any small business, finding secure and convenient repayment terms to offer to customers is very important. Since most customers will not want to pay the whole balance upfront, you may want to provide your customer with an invoice instead, which is a bill that requires future payment. While providing an invoice can be a convenient way for a customer to pay, you will need to invoice is legally binding enough that it requires the customer to pay the required amount by a certain date. When creating a invoice form, there are several things that should be factored in. One thing that should be included on the invoice form is some information on what good was purchased or service was rendered. The invoice should clearly state who the business is, where the business is located out of, and when the good or service was purchased. It should also give at least some detail about what the good or service was. This should provide some clarity for both the business and customer, which should allow everything to stay more organized. When creating an invoice, you also need to provide instructions as to how much money is due, and when it is due by. The invoice should clearly state what the total balance is, and the exact due date should be provided as well. If repayment is coming in installments, you should highlight the required installment dates and payments on the bill as well. The invoice should also give detail as to what the repercussions are if payments are received late. This could include paying a late fee or penalty, having to forfeit some collateral that was taken, or having the bill dispute being sent to a collection agency. When creating the invoice form, you also need to ensure that payment instructions are very clear. The recipient of the invoice should be able to easily read the invoice to find out where the payment needs to be sent. By having this clearly outlined on the invoice, you will reduce the risk of the customer inadvertently sending their check to the wrong address or business.