Tech Invoice Template

Free Product Manager Invoice Template

Invoice clients for product strategy, roadmap work, and product management consulting. Professional invoices from Tidybill.

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What is a Product Manager invoice?

A product manager invoice covers work defining, prioritising, and overseeing the development of digital products. Contract product managers are brought in to fill gaps during team transitions, drive specific product initiatives, or coach in-house product teams. Work includes user research, competitor analysis, writing product requirements and user stories, managing product backlogs, collaborating with engineering and design teams, defining product metrics, and presenting to stakeholders. Unlike engineers who produce code, product managers produce decisions, documentation, and alignment, so invoices should describe the outcomes enabled (product roadmap created, feature set launched, team process improved) rather than just time spent. Day rate contracting is the most common billing model for embedded product management roles.

What to include on a Product Manager invoice

Common product manager invoice line items

Service Typical Rate Unit
Product management (day rate) 600 day
Product strategy and roadmap development 3000 project
User research and discovery (per round) 1500 project
Product coaching (individual or team) 300 session
Product audit and recommendations 2000 project
Stakeholder workshop facilitation 800 session

How to invoice as a product manager

For embedded contract roles, invoice weekly or bi-weekly with a brief description of work completed: ceremonies attended, documents produced, decisions made, and features shipped. For project-based engagements (product audits, discovery sprints), invoice at the end of the engagement with a summary of deliverables. Reference the product name and engagement period on every invoice.

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Frequently asked questions

How do I demonstrate value when my output is decisions, not code?
Summarise outcomes on each invoice: features shipped, user stories completed, backlog items resolved, or user research insights generated. Tie your work to business metrics where possible.
What day rate should I charge as a contract PM?
Mid-level contract PMs typically charge £400-£600/day in the UK in 2026. Senior or Principal PMs with platform or fintech experience can command £600-£900/day.
Should I invoice for stakeholder communication time?
Yes. Stakeholder management, presentation preparation, and executive updates are core product management activities and are billable. Log these as part of your daily hours.
How do I handle IR35 as a contract PM?
Most contract PM roles at enterprises are assessed as inside IR35. Confirm the IR35 determination before accepting a role. If inside IR35, you are paid net of PAYE and NI. The invoice amount is your gross rate and the client deducts taxes before paying.
Can I offer product coaching alongside contract work?
Yes. Product coaching for in-house PMs is a growing service. Invoice it as a separate coaching retainer distinct from your contract day rate work.
Can I use this template for free?
Yes. Tidybill's free plan lets you create up to 5 invoices per month at no cost, with no credit card required. You can use the Product Manager invoice template straight away after signing up.