Freelance Receipt
A freelance receipt is a payment record issued by a freelance worker to a client or contract employer after the latter pays a fee or invoice.
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Freelance receipts are essential for bookkeeping and taxes (if either party plans to claim deductions on purchased services). They include crucial information such as billable hours, fees, hourly rates, and service descriptions.
Table of Contents
Who Uses a Freelance Receipt?
Any person that provides freelance or contract services to the general public can use a freelance receipt.
Are Freelance Services Subject to Sales Taxes?
Whether a freelance service is subject to sales tax depends on the nature of the service and where it is conducted. For a guide to which kinds of services are taxable in each state, click here.
What to Include
- Client name, address, phone number, and email address;
- Company/freelancer name, address, phone number, email address, and website (if applicable);
- Detailed description of materials and their associated costs;
- Detailed description of services and their associated costs;
- Payment method (cash, check, credit card, other);
- Receipt number;
- Service date(s) and time(s);
- Signatures of both parties;
- Subtotal;
- Tax rate (if applicable);
- Tax amount (if applicable);
- Total amount due;
- Total amount paid;
- Total balance due (if applicable); and
- Transaction date.