Flexible Hourly & Day Rates
Record consulting hours, billable day rates, or fractional CXO retainers with crisp breakdowns that leave no room for corporate client audit disputes.
Cross-Border Advisory Billing
Invoice foreign corporations in their domestic currencies (USD, GBP, EUR, SGD). Auto-populate export declarations under GST LUT Rule 96A without charging IGST.
Corporate Vendor Ready
Includes full vendor registration fields: PAN, GSTIN, MSME/Udyam registration number, and banking credentials for rapid procurement onboarding.
Designed for High-Value Advisory Engagements
When advisory tickets range from $5,000 to $50,000+, an invoice is not just an accounting record—it is the final touchpoint representing your brand quality.
- ✓ Clean Typographic Precision: Formatted to corporate board-level presentation standards.
- ✓ Expense Reimbursement: Add separate line items for out-of-pocket expenses and travel per diems.
- ✓ Confidentiality Compliant: Fully aligned with the Indian Digital Personal Data Protection (DPDP) Act 2023.
- ✓ Automated Follow-ups: Tactful automated payment reminders before and after due dates.
Consultant Invoicing FAQs
What SAC code should I use for consulting?
Most advisory services fall under SAC 998311 (Management consulting), 998313 (IT consulting), or 998314 (Technical services). Cod Xpert allows you to save your specific default SAC code.
How do I invoice foreign clients without GST?
By filing a Letter of Undertaking (LUT) on the GST portal annually, you can export consulting services at a 0% tax rate. Cod Xpert automatically embeds the required statutory declaration.
Can I specify custom terms and confidentiality clauses?
Yes. Every invoice includes a rich terms section where you can append payment milestones, non-disclosure references, and late payment interest clauses.
Is there any charge for consultants during the trial?
No. All features including export invoices, multi-currency support, and PDF downloads are 100% free during the initial rollout.
Advisory Billing Models Engineered for Professional Consultants
Hourly & Daily Time Billing
Invoice corporate clients with itemized timesheets, billing rates, and detailed deliverable descriptions. Seamlessly convert scoped work via our Quotations Module.
Retainer & Advisory Schedulers
For ongoing strategic advisory relationships, configure recurring automated billing via Recurring Invoicing with zero manual intervention required each billing cycle.
Cross-Border Forex Realization
Bill foreign enterprises in USD, EUR, GBP, or AED with live interbank rate captures using our Multi-Currency Engine, locking rates on invoice creation dates.
Consulting Engagement Models: Retainer vs. Hourly Billing
Selecting the right billing model protects your consulting margins and establishes clear deliverable boundaries with corporate clients.
| Dimension | Monthly Retainer Model | Hourly Timesheet Model | Fixed Project Milestone |
|---|---|---|---|
| Best Suited For | Ongoing strategic advisory, board advisory, and fraction-CXO roles. | Technical audits, hands-on code reviews, and ad-hoc troubleshooting. | System implementations, strategy roadmaps, and ERP deployments. |
| Invoicing Cadence | Advance billing on the 1st of each calendar month via Recurring Billing. | Bi-weekly or monthly arrears with attached timesheets. | Milestone completion triggers (e.g., 30% advance, 70% delivery). |
| Statutory Exemption | 0% IGST under Rule 96A Letter of Undertaking. | 0% IGST under Rule 96A with logged foreign remittances. | 0% IGST with milestone sign-off certificates. |
| Payment Risk Mitigation | Prepaid monthly retainer eliminates uncollected debt risk. | Lock hourly rates with Quotations to avoid scope creep. | Require progress payments before releasing production code. |
Statutory Compliance & SAC Codes for Indian Consultants
Management and IT consultants must declare appropriate Services Accounting Code (SAC) descriptors and adhere to statutory cross-border export regulations.
SAC Code Classification (998311 & 998312)
Management consulting services (SAC 998311) and financial/IT advisory services (SAC 998312) require precise invoice documentation. For cross-border engagements, export zero-rating is codified under Rule 96A without upfront 18% IGST liability.
Read the GST LUT Rule 96A Consultant Guide →FEMA 23(R) Export Declaration & Banking Audit
Consulting exports delivered via electronic channels require mandatory declaration of RBI purpose codes (such as P0802 for software or P1007 for management consultancy) to obtain bank FIRCs and ensure clean FEMA compliance.
Review the FEMA 23(R) Advisory Compliance Guide →Related Solutions, Templates & Invoicing Tools
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