What is a purchase invoice?

If you chose DirectPay for your freelance shift, you won’t only receive a sales invoice (M). bit you’ll also get a purchase invoice(F) from Finqle for the factoring fees.

These are the costs for DirectPay, an optional service where Finqle takes over your sales invoice and pays you right away, while they wait for the client to pay. The fee is 2.9% of the total amount per shift.

How to understand your purchase invoice

• Page 1: Your company info, Finqle’s details, and the total factoring fees.
• Page 2: A breakdown of the sales invoices (M) Finqle has taken over and the associated fees.

Payment

You don’t have to pay the purchase invoice yourself; the fees are automatically deducted from your sales invoice. You can check the details in your transaction statement (T).

Administration

It’s important to keep the invoices for your records. They count as business expenses and are deductible on your income tax and, if relevant, your quarterly VAT return.