Payments and invoicing
Invoicing and receiving payment from your customers is a critical part of starting and running your business.
There are a number of different payment types you can choose from when deciding how your customers can pay for your goods or services. The payment type you accept may depend on your specific business set-up.
Some payment types include:
- money order payments
- credit and debit card payments
- direct debit payments
- online payments (e.g. Paypal)
- EFTPOS payments
- gift cards and vouchers
- bitcoin and digital currencies.
Read more about choosing payment methods.
Invoices, receipts & itemised billing
Before you can collect payment, you may need to provide the customer with an invoice outlining the goods and services that you provided.
Once payment has been made you'll also need to offer the customer a receipt confirming their payment of goods or services. You must give a receipt or proof of purchase to your customers for amounts over $75.
If a customer requests it, you must provide them with a receipt or proof of purchase within 7 days of the request, regardless of the amount.
Find out more about:
- different types of invoices.
- how to create an invoice, including tips to help you get started.
- setting payment terms and conditions.
- providing receipts, proof of purchase and itemised billing.