Proforma Invoice Vs Commercial Invoice

What is proforma invoice vs commercial invoice?

A proforma invoice is a preliminary bill of sale sent to buyers before the actual commercial invoice. It contains detailed information about the goods or services being sold, including their quantities, prices, and any applicable taxes or fees. However, unlike a commercial invoice, a proforma invoice is not a legally binding document and is mainly used to provide an estimate of costs to the buyer.

What are the types of proforma invoice vs commercial invoice?

There are several types of proforma and commercial invoices, depending on the specific use or purpose. Some common types include: 1. Proforma Invoice: This type is used to provide a cost estimate to the buyer before the actual sale takes place. 2. Commercial Invoice: This type is the final bill of sale, issued by the seller to the buyer after the goods or services have been delivered or completed. 3. Export Invoice: This type is used for international transactions and includes additional details required for customs clearance.

How to complete proforma invoice vs commercial invoice

Completing a proforma or commercial invoice involves several steps to ensure accuracy and compliance. Here are some key steps to follow: 1. Fill in the seller's and buyer's information accurately, including names, addresses, and contact details. 2. Clearly describe the goods or services being sold, including their quantity, unit price, and any applicable taxes or fees. 3. Include any additional terms or conditions agreed upon by both parties, such as payment terms or delivery instructions. 4. Review the completed invoice for any errors or omissions before finalizing and sending it to the buyer.

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