There are lots of invoicing tools and templates out there. Now that we’ve talked about creating musician invoices, a few options for finding a musician invoice template, and how to choose acceptable payment methods, let’s talk about when to send invoices. Venmo (1.9% + 10¢ transfer fee for businesses)ĪCH payments (some banks may charge a $3 fee to send money) Wave (2.9% + 60¢ per transaction for Visa, Mastercard, Discover 3.4% + 60¢ per transaction for American Express, 1% per transaction for ACH) Stripe (2.9% + 30¢ for all successful charges) PayPal (3.49% + $0.49 for all U.S.-based online transactions) Here are some payment options you might consider offering: Related post: Tax Prep Guide for Musicians Either way, it's something to pay attention to. This becomes either a business expense (something you write off against your income) or an additional charge you pass on to your customers or clients if they choose that payment method. Payment Processing Feesĭo note that some of these options incur a payment processing fee. If you’re receiving payments from schools or organizations, they may prefer to do a PO (Purchase Order) or send a check in the mail.Ĭhoose what works for your business. Some people prefer automatic bank deposits or transfers while others want to offer the option to pay via credit card, for convenience. Think about the options you want to offer in your business. There are several ways for people to pay you for your goods or services. Read the full article here: Three Reasons Why You Need Written Policies for Your Studio. We talked about the importance of outlining payment terms in your studio policies earlier this month. "a $15 late fee will be charged for payments that are more than 5 days late)Īccepted payment methods (if you accept checks, be sure to include "make checks payable to.") Shipping, taxes, and/or fees (check your state tax guidelines to see if you need to charge sales tax) Payor information (customer or client's name, address, and/or email)ĭue date (e.g. Payee information (your name, address, and/or email) However, if you're creating your own musician invoice template from scratch in Microsoft Word or Pages, use this as a checklist for what to include: The good news is if you use an invoicing software or template (see more below), creating your first invoice is easy-invoice templates are built in, so all you need to do is customize the fields provided. If you’re just getting started and you’ve never sent an invoice before, it can be daunting to know what to include and what it should look like.
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