Proforma Invoice Vs Quotation
What is proforma invoice vs quotation?
A proforma invoice is a document issued by a seller to a buyer before the actual sale takes place. It includes detailed information about the products or services, such as quantity, price, and total cost. On the other hand, a quotation is a document that provides a proposed price for products or services, without committing to the sale. It gives the buyer an idea of the potential cost. Proforma invoices are often used in international transactions or when the buyer requires additional information before making a purchase. Quotations, on the other hand, are commonly used in the early stages of the sales process to provide pricing information to potential buyers.
What are the types of proforma invoice vs quotation?
There are several types of proforma invoices and quotations, including: 1. Commercial Proforma Invoice: This type of invoice includes detailed information about the products or services being sold, including quantity, price, and total cost. 2. Service Proforma Invoice: This type of invoice is specifically used for services, rather than physical products. Quotations can also vary depending on the industry and specific requirements of the buyer. Some common types of quotations include: 1. Price Quotation: This type of quotation provides the price of the products or services being offered. 2. Sales Quotation: This type of quotation includes additional information about the products or services, such as features or specifications. 3. Project Quotation: This type of quotation is used for larger projects and includes details about the scope of work, timelines, and pricing.
How to complete proforma invoice vs quotation
Completing a proforma invoice or quotation is a straightforward process. Here are the steps to follow: 1. Start by including your contact information, including your name, company name, address, phone number, and email address. 2. Add the recipient's contact information, including their name, company name, address, phone number, and email address. 3. Clearly state whether it is a proforma invoice or quotation. 4. Include a unique invoice or quotation number for reference. 5. Provide a clear and detailed description of the products or services being offered, including quantity, price, and any additional information. 6. Calculate the total cost and include any applicable taxes or discounts. 7. Specify the payment terms, including due date and accepted payment methods. 8. Include any additional terms and conditions, such as delivery terms or warranty information. 9. Review the proforma invoice or quotation for accuracy and make any necessary revisions. 10. Send the completed document to the recipient, either electronically or by mail. Remember, pdfFiller can help you easily create, edit, and share proforma invoices and quotations online. With its unlimited fillable templates and powerful editing tools, pdfFiller is the perfect PDF editor for all your document needs.
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