Balance Invoice for Australia

Balance Invoice Template for Australia

An Australian-compliant Balance Invoice Template is a standardized document used to formally request payment for remaining amounts due on previous invoices. This document complies with Australian taxation requirements, including GST regulations and the Australian Consumer Law. It clearly presents the original invoice amount, payments received, and the outstanding balance, while incorporating all necessary business details, ABN, and payment terms. The template is structured to maintain clear communication between parties and ensure legal compliance while facilitating efficient payment processing.

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What is a Balance Invoice?

The Balance Invoice Template is a crucial business document used in the Australian business environment when there is a need to follow up on partially paid invoices or outstanding balances. This template is designed to comply with Australian taxation laws, including GST requirements under the A New Tax System (Goods and Services Tax) Act 1999, and incorporates necessary elements required by the Australian Consumer Law. The document serves as a formal reminder and request for payment, clearly detailing the original invoice amount, payments received to date, and the remaining balance due. It includes essential business information, payment terms, and GST calculations, making it suitable for both B2B and B2C transactions. The template is particularly useful in situations where partial payments have been made or when following up on overdue accounts while maintaining professional business relationships.

What sections should be included in a Balance Invoice?

1. Business Details: Sender's business information including registered name, ABN, contact details and business address

2. Client Information: Recipient's details including business name, contact person, address and any relevant reference numbers

3. Invoice Details: Invoice number, date, due date, and reference to original invoice if applicable

4. Balance Due Summary: Clear statement of the remaining balance, original amount, payments received, and current amount due

5. Payment Terms: Payment deadline, accepted payment methods, and banking details

6. GST Summary: Breakdown of GST components as required by Australian tax law

7. Legal Notice: Standard text regarding payment obligations and late payment consequences

What sections are optional to include in a Balance Invoice?

1. Payment History: Detailed list of previous payments received - include when multiple payments have been made

2. Late Payment Interest: Include when charging interest on overdue amounts as per original agreement

3. Payment Plan Details: Include when a payment plan has been agreed upon for the remaining balance

4. Purchase Order Reference: Include when the client requires PO numbers for payment processing

5. Project Details: Include when the invoice relates to specific project milestones or deliverables

What schedules should be included in a Balance Invoice?

1. Original Invoice Copy: Attachment of the original invoice for reference

2. Payment History Statement: Detailed statement showing all previous transactions and payments

3. Service/Product Details: Itemized list of original services/products if different from main invoice body

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Australia

Publisher

Genie AI

Document Type

Invoice Form

Sector

Cost

Free to use
Relevant Industries

Retail

Professional Services

Construction

Manufacturing

Technology

Healthcare

Education

Consulting

Wholesale

Real Estate

Creative Industries

Transportation and Logistics

Relevant Teams

Accounts Receivable

Finance

Administration

Accounting

Credit Control

Operations

Billing

Collections

Relevant Roles

Accounts Receivable Clerk

Finance Manager

Accounting Manager

Bookkeeper

Financial Controller

Credit Controller

Business Owner

Office Manager

Accounts Administrator

Finance Director

Small Business Owner

Billing Coordinator

Collections Specialist

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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