Invoicing in Nigeria can be challenging and tiresome, but with the right ideas and knowledge, you can create compliant and effective invoices for your business without breaking a sweat or spending countless hours on it.Â
It’s a lot like a recipe for success. With the right ingredients in the right quantities and the right instructions, you’ll be able to cook up a storm.
And to show you how, here are a few tips for creating effective and compliant invoices in Nigeria:
- Keep it simple, Just like a good recipe, your invoices should be simple, clear and easy to understand. We suggest you stick to a clean, minimalist design and avoid clutter.
- Get the basics right: Make sure your invoices include all the necessary information about the transaction, such as the invoice date, invoice number, and the names and addresses of the buyer and seller.
- Watch out for VAT: In Nigeria, Value Added Tax (VAT) is one of the main taxes that apply to businesses. Ensure you are in the know about the current VAT rates and include VAT in your invoices.
- Keep your receipts: Keep all receipts and invoices for at least six years. This way, you’ll have all the important documents you’ll need in case of an audit.
- Get creative: Don’t be afraid to get creative with your invoicing design. You can add a creative design element to make your invoices stand out or infuse a little humor in the right manner.
Creating effective and compliant invoices in Nigeria can be challenging, but with a little preparation and knowledge about invoices, you’ll be able to create invoices that are clear, and compliant, and show your customer that you’re a business that keeps track of every important transaction.
This is where a Workstedi account comes in handy.
Workstedi accounts help you create invoices, receive payments, set up a digital bank account, and best of all… receive real-time reviews and feedback from customers.
Ready to start creating effective invoices?
Then become a Workster today!
