Proforma Invoice Add Advanced Field For Free

A proforma invoice is a preliminary bill or estimated invoice which is used to request payment from the committed buyer for goods or services before they are supplied. A proforma invoice includes a description of the goods, the total payable amount and other details about the transaction.

The commercial invoice is more like the legal document of the actual sale. This document is used to record the AR for the seller and AP for the buyer. In some countries, a proforma invoice is accepted in lieu of commercial invoice to process import customs procedures to release cargo out of the country.

A firm may also use a pro forma invoice if the sales contract's terms specify that full payment is not due until the buyer receives certain goods. For example, a bakery customer might agree to the price of a cake on the pro forma invoice, and the baker will deliver the cake once it is ready.

What to include on a proforma invoiceThe unique invoice number.Your company name, address and contact details.Your customer's name and address.Date of issue and the due date.Description of the goods.How long the price is valid.A link to any applicable terms or conditions.More items...?Mar 10, 2020

The pro-forma invoice is issued before sales takes place. Once after receiving pro-forma invoice from the supplier, the buyer sends a purchase order or opens a letter of credit to the supplier.Normally purchase order is prepared by buyer on the basis of pro forma invoice sent by seller to buyer.

A pro forma invoice should include most of the elements of a true invoice, including:The date the invoice was issued.The contact details of both the buyer and the seller.Product or service details and the agreed prices for them.Taxes.Shipping costs, if any.The total.Any terms of credit that can be expected.

Go to proforma invoice type and assign S1 (Cancel invoice) type to cancel billing type field.Alert Moderator. Report as offensive (i.e. containing spam, advertising, malicious text, etc.)Share.Nov 19, 2008