An hourly payment based invoice is used by companies that hire part-timers and by the companies that work on an hourly basis itself. Accurate payments can be made and records of that can be kept in an orderly manner. An hourly invoice is usually adopted in smaller organisations where daily wagers work all year round, or in big companies where unions want such payments to be made.
Below we are providing 8+ Hourly Invoice Examples & Templates for your benefit in this regard.
An hourly invoice becomes important when the employee does not work as a full-timer for a company. It becomes easy for the employer to pay the employee for the work done by them on an hourly basis, even if the worker has worked for only one or two hours a day. It makes it easy for both parties when they know what work has been done and how much payments have been received for it.
The above is a classic example of one of IT Business Invoice Examples. In the Information Technology industry, rates are charged on an hourly basis and the above invoice is a reflection of that. While working on an hourly basis it may become very inconvenient for the vendor and the customer to keep track of all the work being done so just a summary explanation is sufficient, as usually such explanations are categorically defined in the work agreements prior to starting the work.
Self-employed people, and especially in the above example which is referring to Freelancers, must keep the exact records of what kind of work they do and the amount of time they put in. If any individual work part-time or as a freelancer, then they need to make an invoice that enables them to get paid for their services on an hourly basis. They need to bill their clients on a hourly-basis mostly because their skill is often chargeable hourly as per industry standards. The above is a very effective tool for hourly efforts as the worker is self-employed and works according to their convenience.
This invoice would help the people working on specific contracts where the work is chargeable on an hourly basis along with the material supplied for the contract. People with different skills may be used for the entire work and their separate billing rates would reflect in such an invoice to provide clarity to the customer. A very good example of such a field is the automotive-repair industry where people of different specialisations work on repairing the same automobile and such a bill is a very common sample of Auto Repair Invoice Examples.
Cleanliness is a major concern in every society. Dump trucks are necessary for this and they are hired for picking up the waste from individual houses. Also, such trucks are also used for moving earth and mud from one project site to another. They are often contracted on long-term basis. Their payments are made either on ‘per trip basis’ or on ‘per hour of service provided’ basis depending on the nature of the work involved. In case it is the latter, then the above sample is the perfect template to be used by any dump truck service provider.
This invoice is for the IT-based professionals, who work on different kinds of projects and are paid according to the hours of work they are doing. It becomes easy for the workers to keep track of the work done and time taken to finish it. Usually in the IT industry, professional get bio-metric attendance cards, and this way their working hours can be easily tracked and billed. The invoice can then be submitted to the authorities and they will follow your contract details and pay you accordingly.
This is an example of an invoice that is very versatile and can be used by professionals of different lines of professions. Hourly payment can become very tricky if not kept track of properly. This invoice will help you to keep track of the details that are required for the proper and orderly payment for the work. The special feature of this Invoice is that it has separate Billing and Ship-to addresses, which suggests that the customer is a big corporate house with multiple locations for processing and payment.
If a person is working on an hourly basis but is working for long hours at a stretch, then it may be possible that the payment is not given to the professional on a daily basis. It may be that they do the work every day but receive the payment only on a weekly basis or monthly basis. In this case, they have no option but to submit a consolidated bill like the sample above to get their payment.
The job matters as much as time worked. Sometimes every related work has only a slight difference with the other. And a detailed description of the job title has to be written down so that the company can make the payments accurately and in a timely manner. Also if the job is not finished, then the worker can continue the next day and a date column helps to keep the work and payment on track.