New York compliance baked into the template
- Sales tax: 4.00% state rate. Applies to services rendered. Many services taxable (info, parking, repair). Combined 8-8.875%.
- Late fees: Up to 2% per month under NY Gen. Oblig. Law §5-501. Civil usury cap 16%/yr (1.33%/mo); construction Prompt Pay allows 1%/mo.
- Written contract: Required for jobs over $500. The template includes a signature block and scope-of-work field.
Insulation Contractor invoice fields
- Material — per sqft — sqft
- Labor — hour, default $70
- Removal of old insulation — flat
State
NY
Avg invoice
$3,100
Net terms
14 days
Deposit
30%