1. DIFFRENCE BETWEEN PROFORMA INVOICE AND INVOICE
PROFORMA INVOICE
INVOICE
1. Proforma invoice is the duplicate copy of
actual invoice which is sent to customer in
prior to billing for information purpose
Invoice is the actual invoice for which the
customer is billed
2. A pro forma invoice only needs to include
sufficient information to allow for a
determination of duties and examination
an invoice must disclose certain required
information, including a description and
quantity of each item being shipped, the
value of the shipment in both U.S. dollars
and in the foreign currency, the country of
origin, location of purchase, and the names
and address of both the seller and the
purchaser
3. The importing business provides a
pro forma invoice.
The exporting business provides the
commercial invoice;
4. Proforma Invoice: Preparing the bill from
Invoice : Invoice is an document received
the seller to the buyer for the payment for from the sellers to the buyers including all
their materials received.
the details of the -product, quantity, price
etc.
5. When seller sends quotation to the buyer
about the quantities and the tentative
prices at which buyer can buy is called
Performa Invoice.
When buyer accepts to buy the quantities at
specified prices then the deal is called
Invoice.
6. Pro Forma Invoice: This Pro-forma invoice
is one which is sent before the
commercial Invoice (original invoice)
to receive advance payment from buyer.
The seller will not record this as 'Account
Receivable' in his account and buyer will
not record it as 'Accounts Payable in
his account. This is not true invoice.
7. Proforma invoice is an invoice or
quotation sent by exporter to buyer
before commercial invoice in which a
particular estimate of product demanded
is sent & is not recorded as 'accounts
receivable' by exporter or 'accounts
payable' by buyer. It's not a true one.
Invoice" This is true invoice where in the
seller and buyer will record in their
'Accounts Receivable section' and 'Accounts
Payable Section'. Payment will be done
once the invoice is received by the buyer.
Invoice is the one sent by exporter to buyer
in which a detailed description of goods with
quantity, price, weight etc. is provided with
an accurate amount to be paid & is recorded
as 'accounts receivable' or vice versa. It’s the
true one.
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2. 8. Abridged or estimated invoice sent by a
seller to a buyer in advance of a shipment
or delivery of goods. It notes the kind and
quantity of goods, their value, and other
important information such as weight and
transportation charges. Pro forma
invoices are commonly used
as preliminary invoices with a quotation,
or for customs purposes in importation.
9. Proforma invoice: when the consignor
sends goods on consignment, he prepares
an invoice and sends it to the consignee.
This is called "Proforma Invoice". It is
statement containing the details of goods
consigned. It gives the particulars of
quality, quantity, and price of goods
consigned, details of any expenses
incurred also, some times the mode of
marketing.
An invoice is a bill sent by a provider of a
product or service to the purchaser. The
invoice establishes an obligation on the part
of the purchaser to pay, creating an
account receivable.
Invoice is a statement sent by the seller to
buyer in the normal business. Invoice
contains the quality, quantity and price of
the goods. Delivery location and terms and
conditions of the payment conditions.
10. A pro forma invoice shows a description of Invoice is the REAL one what you are going to
goods to be sold, quantity and price. pay, you can use it for reclaim VAT, too.
However, it is not a VAT invoice and
cannot be used to reclaim VAT. It is often
used for a new customer. You can also
change the pay details, items ... in case the
client should not agree with them.
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