Now, tracking your invoices should never be a difficult task. With invoice tracking template, your business can use any invoice tracking system to create and send invoice to your clients, even with the basic template format. Even better, you can also use the free payment tracker template as your reference to make your own invoice tracking format.
Why Using the Invoice Tracking Template
Basically, you can choose whether to keep a list of all customers and invoices, or show invoices only for an individual customer, whichever you find more convenience and effective for the business. Whichever your choice is, using the invoice tracking template will provide you these benefits:
- It provides an aging summary of all invoices or those for a single customer.
- In Excel format, the Sorting and Filtering feature can be used to order by date or to present only invoices for one single client.
- You can highlight the due date for invoices that are overdue in red.
- Invoices which status is Closed or Paid are grayed out so it’s easier to see the ones that still have to be paid.
- You can mark an invoice as a Draft so the amount won’t be displayed in the aging report.
Using the Invoice Tracking Template for Your Business
The invoice tracking template you can find is usually made as a spreadsheet, meaning that they are accessible in programs such as Microsoft Excel or Google Sheets. In general, all the templates for invoice tracking will provide you and your business a way to help list all the invoices in one single workbook.
As mentioned before, you can also show a statement only for one single client, thanks to the built-in feature available in Microsoft Excel. For easier use, the spreadsheets of those choices of invoice tracking template are often unlocked and use no VBA or macros. You can change font colors using conditional formatting. Meanwhile, the aging report is generated using SUMIF formula according to the Due Date.