1. Invoicing [Sole Traders UK-based contractors]
Before we begin, please make sure you've accepted a contract and submitted the necessary timesheets.
As soon as you have submitted your timesheet, you can invoice immediately via the 'payments' tab. As soon as your timesheet is approved we'll process the invoice,
Please ensure that your invoice includes the following and is uploaded as a PDF:
✓ Your Trading Name
✓ Date
✓ Your Purchase Order Number
✓ Your Invoice Number (By law, these must be different on each invoice e.g 001, 002, 003...)
✓ Your Bank Account Details
✓ YunoJuno Address: YunoJuno, Fitzrovia 33 Foley Street London W1W 7TL
2. Invoicing [PSC UK-based contractors]
Before we begin, please make sure you've accepted a contract and submitted the necessary timesheets.
As soon as you have submitted your timesheet, you can invoice immediately via the 'payments' tab. As soon as your timesheet is approved we'll process the invoice.
Please ensure that your invoice includes the following and is uploaded as a PDF:
✓ Your Trading Name
✓ Date
✓ Your Purchase Order Number
✓ Your Invoice Number (By law, these must be different on each invoice e.g 001, 002, 003...)
✓ Your Bank Account Details
✓ YunoJuno Address: YunoJuno, Fitzrovia 33 Foley Street London
W1W 7TL
3. Invoicing [International-based contractors]
Before we begin, please make sure you've accepted a contract and submitted the necessary timesheets.
As soon as you have submitted your timesheet, you can invoice immediately via the 'payments' tab. As soon as your timesheet is approved we'll process the invoice.
Please ensure that your invoice includes the following and is uploaded as a PDF:
✓ Your Trading Name
✓ Date
✓ Your Purchase Order Number
✓ Your Invoice Number (By law, these must be different on each invoice e.g 001, 002, 003...)
✓ Your Bank Account Details
✓ The exchange rate
✓ YunoJuno Address: YunoJuno, Fitzrovia 33 Foley Street London
W1W 7TL
We'll make the payment to Wise and they will send you an email and all you need to do is follow the necessary steps to receive the funds. The reason why we're using Wise is to minimise the international bank charges that occur when you receive an international payment.
Please note: If you do not enter your information within 2 days, Wise will send a reminder email automatically. Emails will come from info@transferwise.com.
Also if you do not provide your bank details within 7 days of the transfer being set up it will automatically be cancelled and the money refunded to YunoJuno.
4. Invoicing [Umbrella Companies]
If you use an Umbrella company to manage your payment you will need to select "Umbrella Company" in the "Work Details" section of your profile and fill out the relevant details prior to accepting a booking on YunoJuno.
Once you have accepted your booking on YunoJuno, the booking details will automatically be sent to your umbrella company.
For each week you will be required to log your timesheets and submit these for the end client's approval. When submitted, you will receive your PO immediately from YunoJuno. We'll also send the PO number to your umbrella company so they can invoice us.
5. Auto-Invoicing
To find out more about our new Auto-Invoicing feature, which allows you to create and upload an invoice at the touch of a button, you can do so here.
6. Where do I add my VAT number?
UK-based contracts
Ensure your VAT status is updated in your profile under Work Details
Include your VAT number and VAT amount on your invoice
If you become VAT registered during a contract, contact support to update your contract
International contracts
As YunoJuno is established in the UK, services provided by international contractors are typically treated as outside the scope of UK VAT
VAT should not be charged on invoices submitted to YunoJuno
Tax treatment may vary depending on your location. It’s recommended to consult an accountant to ensure compliance, including any reverse charge requirements.
Note:
You must still add your VAT number to your YunoJuno profile when registering as a contractor, where applicable.
7. What are YunoJuno's payment terms?
Payment terms for Contractors:
We pay contractors booked through YunoJuno Freelance Management System within 14 days of timesheet approval (by the hiring client) and invoice receipt. Please note that when contractors are directly invited by a client, different client payment terms might apply.
Payment terms for Clients:
Our payment terms for employers are 30 days.
Once you are ready to book a contractor this cost will be clearly highlighted on a contract that is created, visible to both you and the contractor.
As soon as a weekly timesheet is signed off by the employer we begin processing the contractor's payment and invoice the employer on 30-day terms.
8. How to update bank details
If your bank details are changing, you will need to let YunoJuno Finance know by emailing verifications@yunojuno.com with the subject 'New bank details' and the documents detailed below.
There are different documents you can provide in order to update your bank details;
Option 1:
Passport or Driver's License
AND
Statement demonstrating registration of new bank account including name, address, and bank details
Option 2:
Birth certificate OR National Insurance OR Utility bill (need at least 2 of these)
AND
Statement demonstrating registration of new bank account including name, address, and bank details
You should hear from the finance team 2-3 working days after emailing to confirm the update.
