As a small business owner, you don’t have the time to create your own commercial invoice templates from scratch. Your time is taken up with all of the day-to-day tasks involved in running your business
Luckily for you, creating a commercial invoice is easier than ever. At BILL, we have created a range of downloadable templates to suit all of your needs. Simply select the template you need, download it and customize it to suit your business.
This invoice is a document required when exporting goods. When properly completed, it helps customs officials decide which import duties and taxes are applicable to your shipment. It will also speed up your shipment as customs officials will be able to pass on the details to authorities in the country you are shipping to.
A commercial invoice differs from a sales invoice in that it includes more details relevant to international shipping. Commercial invoices contain a customs declaration and ensure that your shipment is entirely legal. You shouldn’t use a sales invoice in place of a commercial invoice, or you may be liable for unforeseen taxes and possibly fines. Your shipment may even be sent back to you or confiscated if all the details are not complete and correct.
As well as the mandatory information listed above, you should include your company logo clearly and make sure that everything is laid out clearly. You may also want to include tracking information, a proforma reference if applicable, and names of the ports your shipment is passing through for import and export.
You should also include the Incoterms on your invoice. These are the billing terms and specify which party (seller or buyer) is responsible for paying the costs involved, such as shipping, insurance, import tax, and duty charges. Incoterms are widely used terms of sale recognized internationally as a collection of eleven individual rules. For more information on Incoterms, this website has a simple explanation
A commercial invoice must include the following information as a minimum:
Using a commercial invoice template is far preferable to producing a new document every time you need a commercial invoice. Here are the benefits:
You can create a commercial invoice yourself using Word, Excel, and Google Sheets, but this may be time-consuming unless you are an expert. If you choose to do this, you should take care to ensure you include all of the information outlined above. However, you can save yourself a lot of time by downloading one of our commercial invoice templates and customizing it for your business.
Creating commercial invoices in Excel is relatively simple as this software is designed with templates in mind. You just need to make sure that all of the mandatory information is included as listed above. You can even introduce formulas to calculate tax and add up all of your price information for you. Additionally, you can use auto-fill options to bring in pricing information from another spreadsheet or database.
Of course, you can create a commercial invoice template yourself if you’re an Excel expert and you have the time. However, it’s much easier to download one of our free templates and customize it to your organization.
Editing is straightforward once you have selected and downloaded one of our editable invoice templates. Simply follow these steps: