Free Invoice Generator

Where your invoice goes

Enter an invoice and the rates you pay, and the sheet follows the money from what the client pays to what you keep, one deduction at a time.

The invoice

The invoice total, tax included if you charge it.

Only if you are registered and charge it. Leave empty if not.

What comes off

A marketplace's cut, if the work came through one.

The fee or spread when the money lands in another currency.

From your card processor's or payment service's pricing page.

What you put by for tax on your profit. Your accountant can tell you the share that fits.

GuidePayment processing feesHow this works, and where the figures go wrong →

How the take-home calculator works

The sheet follows one invoice in the order the money meets each deduction. Every step comes out of what the step before it left, which is why the percentages do not simply add up.

  1. Sales tax. VAT, GST or sales tax on the invoice was never yours. You collect it and pass it on in your return, so it comes off first.
  2. The platform's cut, as a percentage of the price before tax, if the work came through a marketplace.
  3. The payment fee, as a percentage of everything the client pays, tax included, plus any fixed fee per payment.
  4. Currency conversion, as a percentage of what is paid out to you, if it lands in a different currency.
  5. Income tax, as the share you set aside from what is left.

Say a client pays $1,000 through a marketplace that takes 10%, the payment fee is 3% plus $0.30, and you set aside 25% for tax. The platform takes $100, the payment fee $30.30, and the tax set-aside $217.43, so you keep $652.27: about 65 cents in each dollar.

Why no rates are filled in

Platforms and payment services change their prices, and charge differently by country, by card and by plan. A table of them here would be wrong for someone the week it was written. Your own pricing page or last statement has the rate you actually pay.

What the take-home calculator does not do

  • It does not work out your income tax. The set-aside is the share you choose, not a tax calculation. Expenses, allowances and bands change what you owe. For the dates it is due, see the tax deadline calendar.
  • It does not know your costs. Software, equipment and other business costs come out of what you keep, and usually lower the tax on it too.
  • It does not keep anything. Nothing is written to your browser's storage and nothing you type is sent to us.

Related

The guide to payment processing fees covers how to invoice so a fee does not eat your rate. If the money arrives late as well as short, the DSO calculator shows what slow payers cost you, and the freelance rate calculator works back from what you need to keep to the rate that gets you there.

Last updated 5 October 2026