Proforma Invoice Add Date Field For Free

Crucially, a proforma invoice has no fiscal value and doesn't contain a means of payment, so it should not be included in your accounting records.

A proforma invoice is a preliminary invoice that is sent to a buyer before a sale is confirmed. This invoice highlights the deliverables from the seller's end such as the goods or services to be delivered, their prices, shipping information, and delivery date.

The key point to remember is that a proforma is usually sent to a customer or client when they've committed to purchasing from you, but can't be sent an official invoice because the final details still need to be confirmed. Once the customer agrees to everything, then you deliver the goods and issue a formal invoice.

Make sure your sales proposal or proforma invoice includes a statement that clearly states that both the price and terms of your offer are valid for a given period, such as 60 days. Be sure to state when that time period begins. I recommend using the date of the proposal as the beginning of the validity period.

Sales invoice: A normal sales invoice is a request for payment that's sent once the transaction is final. It signals that money is officially owed from the buyer to the seller. A proforma invoice is sent before the sale, so it doesn't have a due date.

A final sales invoice (also called a commercial invoice, final invoice, or official invoice) is a business instrument that states the total amount due and requests payment. A proforma invoice is a declaration by the seller to provide products or services in the future and isn't a legally binding agreement.

The purpose of a proforma invoice is to show how much goods or services will cost to help the customer decide if they want to go ahead with the purchase.

What Is the Difference Between an Invoice and Proforma Invoice? While an invoice is a commercial instrument that states the total amount due, the proforma invoice is a declaration by the seller to provide products and services on a specified date and time.

As a pro forma invoice does not act as an official tax invoice in the eyes of the tax office, it negates any obligation to report the transaction for either GST or income tax purposes until the issuer is certain of the goods being delivered and paid for.

Proforma Invoices are usually used for customs purposes only, often where unsold goods are being shipped. Commercial Invoices are usually used where sold goods are being shipped.