Business Consultant Invoice Template

How to Create a Professional Business Invoice

A business consultant invoice is a document that is used by consultants to request payment for their services from clients. A consulting business depends on timely payments to facilitate cash flow, as the consultant is generally a contractor or self-employed individual.

What is a Business Consultant?

A business consultant is hired as an independent contractor to come in and help a business or organization with day-to-day activities. Larger companies may designate a consultant to help with a specific branch of the organization. For smaller operations that don’t have the internal resources to make necessary changes, consultants might assist in all facets of the business. Often a business consultant will also act as a venture capitalist by providing financing and investment while helping with the overall vision. The consultant’s underlying job is to contribute to the growth of the company and to its success.

Types of Business Consultants

• Analyst
• Insurance
• Software
• Strategist
• Information Technology (IT)
• Security
• Tax

Business Consultant Certifications

A business consultant benefits significantly by having certifications or other credentials that prove they are qualified to give advice. The most popular certifications are:

Project Managers – Project Management Institute (PMI)

The Project Management Institute (PMI) offers eight (8) different certifications for members and non-members. There are no requirements other than work experience in the field for a preset number of hours and a high school diploma or equivalent.

• Website: www.pmi.org/certifications/types
• Requirements: High school diploma or field experience
• Cost: Dependent on certification ($200 to $600)
• Exam: Multiple-choice questions that are time-based

Supply Chain – APICS

The Association for Supply Chain Management (APICS) offers three (3) types of certifications related to supply chain skills such as Logistics, Transportation, and Distribution (CLTD), Supply Chain Professional (CSCP), and Production and Inventory Management (CPIM).

• Website: www.apics.org/credentials-education
• Requirements: 3 years of experience or a bachelor’s degree or another APICS certification
• Cost: $400 to $1000 depending on the certification
• Exam: Depends on the certification

Business Analysis – International Institute for Business Analysis (IIBA)

The International Institute for Business Analysis (IIBA) is an organization that offers two (2) certifications to business consultants: the Core Business Analysis Certification and the Specialized Business Analysis Certification.

• Website: www.iiba.org/certification/core-business-analysis-certifications/
• Requirements: 2-3 years experience (min. 3750 hours)
• Cost: $160 to $700 depending on certification
• Exam: 120 multiple choice questions, 3.5 hours to complete

Business Consultant Salary & Hourly Rate ($/hr)

• Salary: $105,492/yr (source: Glassdoor)
• Hourly Rate: $36/hr (source: salary.com)

Typical Business Consultant Services

• Strategic planning
• Business planning
• Operational planning
• Organizational design
• Organizational development
• Change management
• Performance management
• Financial management
• Leadership development
• Coaching and mentoring
• Team building
• Marketing planning
• Sales planning
• Product development
• New business development
• Human resources development
• Research
• Growth analysis
• Data collection
• Project management

Features of a Business Consultant Invoice

A business consultant invoice should include the consultant’s name, contact information, and the date of the invoice. The invoice should include the consultant’s name, contact information, and the date of the invoice. It should also include a description of the services provided, the amount due, and the payment terms. The invoice should also indicate the due date by which the invoice should be paid and outline what will happen (e.g. late fees, interest, or penalties) if the invoice goes unpaid.