Create a free

Freelance Invoice

with branding & integrated payment

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Save time

with simple contracts & invoices

Protect yourself

from late payments & scope creep

Get peace of mind

with a standard & transparent process

Bonsai handles the back office.
You focus on the work you love.

How it works

Choose a contract

from a library of vetted, plain English templates

Select your terms

and fully customize them based on your needs

Sign electronically

and store securely

Create beautiful invoices

and accept payments worldwide

Do the work you love

Bonsai handles the back office

The freelance economy is growing at a rate that's leaving experts wondering where it will be in the next 5-10 years. While this is happening, IMF warns about the actions that must be taken to protect the global economy against volatile financial markets, according to CNBC. The state of the global economy presents a new challenge to freelancers. For example, freelancers now have to invest in the right tools that guarantee their ability to continue working and providing excellent services. One such tool is the freelance invoice template India.

It eliminates assumptions

The invoice template is only effective when clients know your policies. It's dangerous to make assumptions. According to the respected Dr. Marcia Sirota, some of the assumptions that you make could destroy your business. Therefore, don't allow your clients to make assumptions regarding how or when to pay you. It's a good business practice to clarify such matters instead of leaving them to the interpretation of your clients. It's advisable to come up with policies on what you expect from the client.

It eliminates misunderstandings and confusion

Share these policies with your clients to avoid misunderstandings and confusion. Share the policies with your clients to reduce the likelihood of feeling frustrated or disappointed. One of the biggest disappointments when running a freelance business from India is working for clients who are unwilling to pay on time. Some clients are unable to pay because of reasons beyond their control. Some clients simply refuse to pay while pothers make partial payment before seemingly disappearing from the face of the earth. Base the policies on the following:

  1. Mode of payment
  2. Down payment
  3. Begin working on the project with or without payment
  4. How much time does the client have before paying
  5. Imposing penalties on late payments
  6. Sending the final product before or after client makes payment

Failure to take control over your own life opens the door for somebody else to do it. Therefore, set policies to take control over the payments that clients owe you for all the freelance work you have done. Otherwise, your clients will not pay, and those who do, will only pay you much later. Late payments are a huge inconvenience in life. Late payments could affect your ability to repay loans or pay your utility bills on time. You owe it to your business to come up with policies that let customers know what you expect from them.