⚠️ Warning: This guide contains a lot of screenshots, so zooming in and out is strongly advised.
Step 1. Log in to YouTeam platform
Please go to YouTeam login page and sign it using your account credentials:
Step 1.1. Are you new around here?
In case you're new to YouTeam platform, you first need to make sure that you have set up your Account Settings properly in order for the invoicing to work. Please go to "Your Company" then "Settings" and fill out all the mandatory fields.
If you need assistance with getting your account ready, please check out our How to set-up your account for invoicing.
Step 2. Go to the "Invoices" page then "Add new"
Step 3. Customize the invoice
When you add a new invoice the following fields should be filled:
❗ Make sure you follow the contract conditions your company accepted with the customer❗
① Payment terms. Specify the number of calendar days before the invoice due date.
② Contract. Select a company or a customer for whom the invoice is intended.
③ Currency. Specify invoice currency as in the contract.
④ Additional text. Add a Service Period start and end dates. E.g. "Service Period: 11/02/1019 - 24/02/2019".
⑤ Attached file (optional). Add time reports, estimates, etc..
⑥ Items. Specify the Type of service ("Hours" for Time and Materials or "Services" for Fixed Price billing models), Quantity, Item Description and Rate.
⑦ Preview. Once you’re done filling out all the fields, click "Preview". Your draft should look something like this:
After making sure that all the info provided in the invoice is accurate, you may send the invoice to the customer or keep it as draft to be sent soon.
⚠️ Please note that once an invoice is sent to a customer, you can not modify it, so make sure there are no mistakes.
Step 4. Monitor and supervise invoice status
Here are invoice statuses you'll encounter on YouTeam platform:
- Draft. The invoice is still editable but it's not visible to the customer.
- Open. Customer hasn't paid the invoice yet, he still has some time for that though.
- In Escrow. Customer's payment hit YouTeam’s platform account and should be released to your company after services get accepted.
- Cleared. The funds were sent to your company bank account.
- Overdue The customer failed to pay the invoice within the due period. Sending to the customer a kindly reminder might be helpful.
Other useful tips:
Communicating a discount in invoices is essential for setting correct customer expectations regarding the costs of services your company provides and demonstrating your loyalty. For example, if you are about to sell your services for $5000 but your customer negotiated $4500 price with you it's recommended to add $5000 to the invoice as the cost of services and -$500 as a discount for the customer.
In order to add a discount to an invoice, select “Discount” item on the invoice creation page, provide “Item Description” and set a “Unit price”, which must be a negative number.