Illinois compliance baked into the template
- Sales tax: 6.25% state rate. Generally exempts most services. Services largely exempt; combined rates up to ~11% in Chicago.
- Late fees: Up to 1.5% per month under 815 ILCS 205/4 (Interest Act). Up to 9%/yr without writing; higher with written agreement.
- Written contract: Required for jobs over $1,000. The template includes a signature block and scope-of-work field.
Management Consultant invoice fields
- Project fee β flat
- Hourly billing β hour, default $295
- Daily rate β day, default $2400
- Travel pass-through β itemized
State
IL
Avg invoice
$7,500
Net terms
30 days
Deposit
33%