Free Consultant Statement of Account Generator — Australia
Create a professional statement of account tailored for consultant businesses in Australia. Generate account statements summarising invoices, payments, and balances.
Create Your Statement of Account Now →Common Statement of Account Line Items for Consultants
Here are typical items you might include on a consultant statement of account:
| Description | Unit |
|---|---|
| Consulting services | hour |
| Strategy workshop | session |
| Report / deliverable | each |
| Retainer (monthly) | month |
| Travel and expenses | each |
Compliance Tips for Consultants
- ABN must appear on all tax invoices; the no-ABN withholding rate is 47%.
- Professional indemnity insurance may be required by contract or industry regulation.
- If operating through a company, ensure director ID registration is current.
Frequently Asked Questions
Should a consultant operate through a company or as a sole trader?
It depends on your risk profile and income level. A company structure limits personal liability and offers a flat 25% tax rate for base-rate entities, but comes with additional compliance obligations such as ASIC fees and corporate tax returns.
How should a consultant handle disbursements on an invoice?
List disbursements (e.g., travel, software licences) as separate line items on the invoice. If you paid GST on them, you can pass through the GST-inclusive amount and claim the input credit yourself.
What is a recipient-created tax invoice and does it apply to consultants?
An RCTI is created by the payer rather than the supplier. It is uncommon for consultants unless the client specifically requires it and both parties have a written RCTI agreement in place.
How often should I send statements of account?
Monthly is standard for ongoing client relationships. Send them at the end of each billing cycle or when a client has multiple outstanding invoices.