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.
Video Editor invoice fields
- Hourly editing β hour, default $95
- Per-finished-minute β flat
- Color grading β flat
- Audio mix & sound design β flat
State
IL
Avg invoice
$2,400
Net terms
30 days
Deposit
33%