Free Financial Planning Invoice Templates and Comprehensive Guide

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Financial Planning Services Invoice Templates and Comprehensive Guide

Not sure how to invoice for your financial planning services? Learn about different types of invoices you can use for financial planning services, how to create professional invoices, and explore a better alternative to traditional invoice templates for insurance services.


Invoicing is extremely important for financial advisory companies.

This user-friendly guide explores the benefits of using invoice templates specifically designed for financial planning services.

Discover why invoices matter for the financial planning industry and understand the different invoices commonly used in the industry. Learn how to create polished and comprehensive insurance invoices that describe services rendered, fees incurred, and any additional expenses.

So, let's explore how invoice templates can simplify the invoicing process for financial advisory firms and help you defeat the challenges associated with financial management and timely payments!

Table of Contents

What is an Invoice Template?

An invoice template is a pre-designed document that financial planning companies use to create and send invoices to clients easily and quickly. 

An invoice template has an organized layout with predefined sections for essential details such as client information, services rendered, payment terms, and other necessary information. 

Invoice templates provide a consistent structure, helping financial advisory companies create clear and professional invoices.

Do you know how to write an invoice? It's okay if you don't. We will show you how to create an invoice for financial planning services!

Why are Invoices Important for Financial Planning Services?

Invoices are a must for financial planning companies for several reasons:

  • Tracking Revenue. Invoices provide a clear record of incoming revenue, allowing financial planners to track their income and measure the success of their business.
  • Payment Collection. An invoice is an official request for payment from clients, helping to ensure timely and correct payment for services rendered.
  • Budgeting and Cash Flow Management. Invoices contribute to budgeting and cash flow management by providing a clear picture of expected income and helping financial planners plan their spending and investments accordingly.
  • Legal Compliance. Invoices are essential for legal and tax compliance, as they document financial transactions and help ensure accurate reporting and tax filings.
  • Client Communication. Invoices also serve as a professional means of communication with clients, outlining the services provided, fees charged, and payment terms, thus promoting transparency and clarity in the client relationship.

By using invoice templates, financial planning companies can ensure that their invoices are consistent, professional, and easily understood by their clients.

Different Types of Invoices for Financial Planning Services

Financial advisory firms can use several different invoices for their services. Below are some of the most commonly used invoices for financial planning services:

  • Standard Invoice. A basic invoice that outlines the services provided, the fees charged, payment terms, and any other relevant information. This is the most common type of invoice used in financial planning services.
  • Recurring Invoice. Financial planning companies use this type of invoice for services that are provided on a recurring basis, such as monthly financial planning consultations or ongoing investment management services. Recurring invoices can help streamline billing for continuous services.
  • Retainer Invoice. A retainer invoice is used when a client pays a fixed fee upfront for a set number of services or hours. Financial planners often use retainer invoices for projects with a defined scope of work or ongoing advisory services.
  • Progress Invoice. Progress invoices are used for long-term projects or services that are billed incrementally as milestones are achieved. Financial planners may use progress invoices to bill for large-scale financial planning initiatives or ongoing projects.
  • Credit Invoice. A credit invoice is issued when there is an overpayment, refund, or credit owed to the client. This type of invoice helps to reconcile any discrepancies in billing and maintains accurate financial records.
  • Prepayment Invoice. Prepayment invoices are used when clients are required to make advance payments for services that will be rendered in the future. Financial planners may use prepayment invoices for consultations, workshops, or other services that require upfront payment.

What to Include in an Invoice Template for Financial Planning Services

Financial advisory companies should always include these elements in their financial planning invoice:

  • Client Information. The name of the client, address, email, and phone number should be added to the invoice.
  • Service Description. A description of the financial planning services provided should be included on the invoice, along with any specific details about the service or project.
  • Fee Details. The fees charged for the service should be clearly outlined on the invoice, including any additional charges or discounts. This information ensures that clients understand what they are paying for and clarifies anybilling questions.
  • Payment Information. The invoice should include payment instructions, including the due date, payment method, and any late payment penalties. This ensures that payment is made on time and helps to avoid payment disputes.
  • Invoice Number and Date. An invoice number and date should be included on the invoice to help identify the invoice and track financial records. Financial planners may also use sequential numbering to streamline their invoicing process.
  • Total Amount Due. The total amount due for the service should be stated clearly on the invoice. This helps clients understand their payment obligations and allows them to make informed financial decisions.
  • Company Information. The invoice should include the financial planning firm's name, address, and contact information. This provides clients with the necessary information to contact the firm if necessary.

How to Create an Invoice Template for Financial Planning Services

Invoice templates are an excellent billing solution for any financial advisory company because they are time-saving, affordable, and completely customizable.

The easiest way to create a financial planning invoice template is to download one. Invoicer's ready-made invoice templates make it easy for financial planning companies to include all the necessary billing information without any hassle—because that part has already been taken care of.

All they need to do is download the invoice template, fill it out, customize and brand it, and then send it.

Follow these steps to create a professional financial planning invoice template:

  1. Head to
  2. Select a template format: Word, Google Docs, Excel, Google Sheets, Open Office, or PDF.
  3. Choose a template to customize.
  4. Fill in the blank fields and tailor the invoice by choosing the color scheme font (size and style) and adding business details, including logo, website URL, and maybe even a photo banner.
  5. Fine-tune the columns and customize any fields if needed.

Now, take the time to review the layout and format of your financial planning invoice template, including:

  • Double-checking that all calculations and formulas are correct.
  • Ensuring the print format works.
  • Triple-checking for spelling errors.

Financial planning companies can create invoices faster by using invoicing software. These platforms offer customizable freelance invoice templates that they can easily change to meet business needs.

All you need to do is enter your business information, customize the layout, and add the necessary fields. Once the invoice template is created, it can be saved for future use, and professional invoices for financial planning services can be made with just a few clicks.

How to Customize an Invoice Template for Financial Planning Services

Customizing an invoice template for financial planning services involves tailoring the template to reflect the specific branding, services, and payment terms of the financial planning firm. Here are the steps to customize an invoice template:

  • Branding and Logo. Incorporate the financial planning firm's logo, color scheme, and branding elements into the invoice template to maintain a consistent and professional brand image across all client communications.
  • Service Details. Customize the invoice template to include specific details about the financial planning services provided, such as financial analysis, retirement planning, investment management, or tax planning. Also, make sure that the description accurately reflects the services offered by the firm.
  • Payment Terms. Customize the payment terms section of the invoice template to align with the firm's specific payment policies. Include specifying the due date, accepted payment methods, late payment penalties, and any discounts for early payment.
  • Company Information. Update the company information section of the invoice template to include the firm's name, address, phone number, email, and website.
  • Terms and Conditions. Customize the terms and conditions section of the invoice template to include any specific terms related to financial planning services, such as confidentiality agreements, service disclaimers, or regulatory disclosures.
  • Invoice Numbering. Implement a consistent invoice numbering system to track invoices efficiently. Customize the template to include a sequential numbering system that aligns with the firm's billing practices.
  • Client Communication. Consider adding personalized thank-you notes or messages of appreciation to the invoice template to enhance client relationships and demonstrate a personalized approach to client communication.

When to Send an Invoice for Financial Planning Services

As you might already know, the timing of sending an invoice can play a crucial role in maintaining positive client relationships and making sure you're paid on time. Here are some considerations for when to send an invoice for financial planning services:

  • Upon Completion of Service. In some cases, financial planners may choose to send the invoice immediately upon the completion of a specific service, such as a one-time financial consultation or the execution of a financial plan. Sending the invoice promptly reinforces the value of the services provided and can lead to a quicker turnaround for payment.
  • Monthly or Quarterly Invoicing. For ongoing financial planning services, such as investment management, retainer-based advisory services, or comprehensive financial planning on a recurring basis, financial planners may opt for monthly or quarterly invoicing. This approach streamlines the billing process for continuous services and spreads out the payment schedule for clients.
  • Milestone-Based Invoicing. For long-term financial planning projects or initiatives with defined milestones, financial planners may choose to send invoices at key project checkpoints or upon the achievement of specific goals. This milestone-based approach aligns the invoicing with the progress of the project and provides transparency to clients.
  • Prepayment Invoicing. In situations where clients are required to make advance payments for financial planning services, such as workshops, seminars, or limited-scope consultations, financial planners would send the invoice prior to the delivery of the service. This allows clients to make payments in advance and confirms their commitment to the scheduled services.
  • Retainer Invoicing. For clients who have engaged in a retainer arrangement for ongoing financial planning services, financial planners may send invoices at the beginning of each retainer period to secure payment for the upcoming service cycle

Common Invoicing Mistakes in the Financial Planning Industry and Ways To Solve Them

In the financial planning industry, invoicing mistakes can lead to misunderstandings, delayed payments, and strained client relationships. Here are some common invoicing mistakes in the financial planning industry and ways to solve them:

Mistake 1: Inaccurate Service Descriptions

Solution: Make sure that service descriptions on the invoice are detailed and accurate. Also, specify the scope of services provided and any applicable fees or rates. Communicate with clients to confirm their understanding of the services rendered.

Mistake 2: Inconsistent Invoicing

Solution: Establish a regular and reliable invoicing schedule and add payment due dates to clients to avoid any confusion.

Mistake 3: Incorrect Billing Information

Solution: Double-check all client billing information before generating an invoice. Have a verification process in place to validate client details, ensuring accuracy. Regularly update client information to maintain current and correct records.

Mistake 4: Lack of Payment Terms

Solution: Include comprehensive payment terms on the invoice. Add the due date, accepted payment methods (e.g., bank transfer, credit card), and any penalties for late payments. Provide instructions on how clients can make payments and contact information for any payment-related queries.

Mistake 5: Missing Client Details

Solution: Ensure that all client details are accurately included on the invoice. Include the client's full name, address, email, and phone number. Use unique client identifiers or account numbers to improve record-keeping and facilitate communication.

Other Important Invoicing Tips for Financial Advisory Companies

Here are some other important invoicing tips for financial advisory companies:

  • Consolidate Services. If you offer multiple financial planning services to a client, you can add them into one invoice for your financial planning services to make it easier for clients to review and reconcile their payments.
  • Send Reminders. Send payment reminders to clients as the due date approaches to help prevent oversights and late payments, improving your cash flow and client relationships.
  • Offer Multiple Payment Options. Provide clients with flexibility by offering various payment options, like bank transfers, credit cards, or online payment platforms.
  • Implement a Follow-Up Process. Establish a systematic follow-up process for outstanding invoices. If a client misses a payment deadline, have a protocol in place to send reminders and follow up on overdue payments promptly.
  • Track Invoice Status. Keep track of the status of each invoice, including payments received, outstanding balances, and payment dates. This helps you stay organized, monitor cash flow, and follow up on any pending payments effectively.
  • Offer Incentives for Early Payment. You can also offer incentives, such as discounts or promotional offers, for clients who pay early. This can motivate clients to settle their invoices promptly and strengthen client loyalty.
  • Maintain Professional Communication. Ensure that all communication related to invoicing is professional and courteous. Keep communication channels open with clients to address any inquiries or concerns they may have regarding their invoices.
  • Use Professional Invoicing Software. Think about using professional invoicing software like, which simplifies the invoicing process for financial planning companies. These tools often provide ready-to-use templates, automation features, and payment-tracking capabilities, making it easier for you to create, send, and manage invoices effectively. a Better Alternative to Using Invoice Templates for Financial Planning Services

While invoice templates can be helpful, there is a better alternative to traditional templates for financial planning companies.

Invoicing software, like, is specifically designed to streamline invoicing processes, improving efficiency and accuracy. But what makes an invoice generator better than an invoice template? Here are some key features and benefits of the invoicing software that financial advisory companies will benefit from:

  • Automation. Automated invoicing features can reduce manual data entry, create, send, and manage invoices, estimates, and client profiles in one location and minimize errors, saving time and resources.
  • Customization: Invoicing templates and options can be tailored to meet the needs of individual financial planning projects and clients.
  • Document Management: Invoicing software can store and organize invoices, estimates, quotes, receipts of payments, and other financial documents for easy access and tracking.
  • Reporting and Analytics: Detailed reports and analytics can provide insights into project performance, profitability, and cash flow, helping financial companies make informed decisions.
  • Invoice Tracking: See when your clients receive, view, and download invoices.
  • Payment Tracking. Track payments and send payment reminders.
  • Fast payment. Get paid fast by offering clients multiple payment methods, such as credit card, debit card, mobile wallet, and ACH payments.


Invoicing is critical to running a successful financial planning business. You can streamline the invoicing process by using simple invoice templates tailored specifically for financial planning services, ensuring accuracy and maintaining healthy cash flow.

Financial advisory firms should include all the necessary details in their invoice templates and follow best practices for invoicing. is a superior alternative to traditional invoice templates. It allows professionals to simplify their invoicing process further, saving time and resources.

This invoicing software offers several benefits, including invoice tracking, payment tracking, document management, customization, automation, reporting and analytics, and many more!

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