Download Outstanding Invoice Template - Singapore

Outstanding Invoice for Singapore

Outstanding Invoice Template for Singapore

This Outstanding Invoice Template is designed for use in Singapore, complying with local tax and business regulations, including the Goods and Services Tax Act and Companies Act. It serves as a formal reminder document for unpaid invoices, incorporating essential elements such as GST requirements, payment terms, and necessary business information. The template includes provisions for late payment interest in accordance with Singapore law and provides clear documentation for potential debt recovery proceedings.

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What is a Outstanding Invoice?

The Outstanding Invoice Template is essential for businesses operating in Singapore seeking to maintain professional credit control and ensure timely collection of payments. It provides a standardized format for following up on unpaid invoices while ensuring compliance with Singapore's legal framework, including GST requirements and debt recovery regulations. This document typically includes original invoice details, outstanding amounts, payment terms, and relevant company information, serving as both a payment reminder and a legal record of the debt. It's particularly useful when dealing with overdue accounts and can be used as supporting documentation in any subsequent legal proceedings.

What sections should be included in a Outstanding Invoice?

1. Invoice Header: Company letterhead, GST registration number, invoice reference number, and date

2. Client Information: Full legal name, registered address, and contact details of the client

3. Payment Details: Outstanding amount, payment terms, due date, and bank account information

4. Original Invoice Reference: Reference to original invoice including date, number, and description of goods/services

5. Outstanding Balance: Clear breakdown of original amount, any payments received, and current balance due

6. Payment Instructions: Detailed banking information and payment methods accepted

What sections are optional to include in a Outstanding Invoice?

1. Late Payment Interest: Details of interest charges on overdue amounts as per agreement or statutory rates

2. Payment Plan Options: Proposed installment schedule or payment plan alternatives if applicable

3. Legal Notice: Warning about legal action if payment remains outstanding beyond specified period

4. Previous Communications Reference: Summary of prior payment requests and reminders sent

What schedules should be included in a Outstanding Invoice?

1. Original Invoice: Copy of the initial invoice issued to the client

2. Statement of Account: Detailed transaction history showing all charges and payments to date

3. Payment History: Record of any partial payments received and their dates

4. Supporting Documentation: Relevant documentation such as delivery orders, purchase orders, or contracts

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

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