Types of Invoice and When to be processed.

2. A commercial document that itemizes a
transaction between a buyer and a seller.
An invoice will usually include the quantity
of purchase, price of goods and/or
services, date, parties involved, unique
invoice number, and tax information. If
goods or services were purchased on
credit, the invoice will usually specify the
terms of the deal, and provide information
on the available methods of payment.

3. Invoice has been divided into two stages
Pro-forma Invoice
 Performa Invoice


4. 
Pro-forma invoice is a budgetary
estimate given to the client for the
completion of task.

These estimates are a budget and the
actual amount remains close to it or
even similar.

5. 
The invoice raised after performance of
a task is the actual invoice of the
Performa Invoice.

It gives the actual figures of the task
completed. Which means the actual
amount to be paid for the services
rendered.

6. 
After the full and final payment, generally
the client asks for final invoice.
But no such thing exists as final invoice.
After all the payment the last thing that
exists is the Statement of Accounts.

So when the client asks for final invoice we
give him a Statement of accounts which
shows all the payments made by him along
with the dates of such payment.

7. Thank You