Tennessee compliance baked into the template
- Sales tax: 7.00% state rate. Generally exempts most services. State 7%; combined commonly 9.25-9.75%.
- Late fees: Up to 1.5% per month under Tenn. Code §47-14-103. Formula rate equals 4% over Federal Reserve discount rate; contract rates capped.
- Written contract: Required for jobs over $25,000. The template includes a signature block and scope-of-work field.
Management Consultant invoice fields
- Project fee — flat
- Hourly billing — hour, default $295
- Daily rate — day, default $2400
- Travel pass-through — itemized
State
TN
Avg invoice
$7,500
Net terms
30 days
Deposit
33%