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Invoice Types
Fixed Price Invoice
Definition
An invoice for a predetermined amount regardless of time or resources used.
Overview
Fixed-price invoicing bills a set amount agreed upon before work begins. The price doesn't change even if the project takes more or less time than expected.
Example
A designer charges a flat $5,000 for a logo design, regardless of revision rounds or hours spent.
Best Practices
Clearly define scope, deliverables, and what's included. Use contracts to prevent scope creep.
Common Mistakes to Avoid
Underestimating time
Unclear scope
No process for handling changes
Frequently Asked Questions
What if the project takes longer than expected?
You still charge the fixed price unless scope changes warrant a change order.