PayPal Invoice Instructions
Issuing an Invoice to get paid commissions
First of all: Log in to your PayPal account using your email address & password.
You will arrive on your PayPal homepage: The "Business Account Overview" page.
You will find 5 dark blue TABS at the top of the page. Click on the middle one: Request Money
One the NEXT PAGE, you'll find a sentence saying:
"To send a more detailed request, try out PayPal's new Invoicing tool"
Click on the hyperlink: Invoicing tool (not this one. The one on PayPal's page)
One the NEXT PAGE,
go to Select template: Select "New Invoice" from the dropdown box.
Click "Continue"
NEXT PAGE: The "Create An Invoice" page.
Sender and Receiver Info:
Your Name: This field is automatically populated by PayPal (your account name)
Your Address: Select your address in the drop-down box.
Your Phone: Select your phone number in the drop-down box.
Recipients Email: universalwealthcreation@iinet.net.au (This is the business you are billing. In this case: Universal Wealth Creation Pty Ltd)
INVOICE DETAILS:
Currency: Select "Australian Dollars"
Invoice Type: Select "Service"
Email Subject: Type "TAX INVOICE" in capitals. It's very important that it is a TAX INVOICE. (for Australia)
Note: Type in your Business Name and ABN (Australian Business Number) if you have one.
THE INVOICE FIELDS:
QTY: Make this box "1" at this stage.
Item ID: Product code. This could be "JMHS" for Jamie McIntyre HomeStudy. Or "Bourse" if it is Bourse software. As long as you make us comprehend, we'll pay it.
Description: Please make this field the clients name i.e. "Joe Blogs". You will know this name through your email notifications.
Unit Price: I will normally provide you with the amount here. This will vary depending on the commission amount. Affiliates from Australia need to include 10% GST. This will be explained in further detail below. Non-Australian affiliates do not normally need to include tax when claiming their commissions from us on this form.
GST (Tax) Example (Australia): If the commission is AUD$600, then this is the easiest way to calculate a 10% GST (Goods and Services Tax):
Commission: $600
GST (Tax): 600 divided by 11 (10%)= 54.54
AUD$600 less 10% GST = 600 minus 54.54 = 545.45
BACK TO THE INVOICE FIELDS:
Unit Price: 545.45 (on a $600 item)
Taxable: Tick the box
Tax(%): Type in "10"
Total: This should now equal $600 (Note: I will notify you of the amounts required)
Click "Continue"
PREVIEW INVOICE:
Ensure all details are correct, especially the currency i.e. US vs AUD (Australian Dollars).
If everything looks OK, then click "Send Invoice"
This is not as hard as it might look. Unfortunately, it looks complicated due to the taxmans effort.
We look forward to sending you some money. Have fun!
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