![]() Proforma invoices do not include invoice numbers or labels, and so do not meet the requirements of a standard sales invoice.īy issuing a standard invoice, the payment will be recorded within your accounting reports (or invoicing software) and on your financial statements. In order to accept payments, you must raise and issue a full invoice as you would any product or service. Any amounts given on your proforma invoices won’t be included in financial reports.Customers and clients are not legally required to pay any amount on a proforma invoice.You can invite payment on a proforma invoice (if, for example, you aren’t sure if the customer can pay you), but if payment is made, you must issue a standard invoice for accounting purposes. ![]() While it’s good practice to include as much information as possible, so the buyer knows what to expect, you can leave out details that are legally required on a final invoice if they’re not yet available.Ĭan payment be made on a proforma invoice? As it’s not a finalised sales invoice, a proforma invoice can easily be adjusted. Having one ready helps to ensure a smooth delivery process. Some countries use proforma invoices as part of their import licensing procedures, as they include buyer information, weight and size of consignment, delivery fees and other details. It works as a declaration of the value of goods for customs purposes.This ultimately contributes to a strong, lasting business relationship. ![]() It’s an opportunity for you and your customer to negotiate the terms of the sale before legally committing.
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