Topic: Pro-Forma Invoice in FA!
Does anyone has a solution to create Pro-forma invoice in fa?
Pro-forma invoice is a preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. The invoice will typically describe the purchased items and other important information such as the Products/service cost, shipping weight and transport charge. So Pro-forma is mandate to get the advance or payment prior to dispatch of goods/service.
Pro-Forma invoice indicates that goods/service is ready for delivery to the clients and asking client to make the payment to proceed for dispatch.
It is usually issued before the issue of Tax/commercial Invoice and is not same as a commercial invoice.
Issuing a pro forma invoice declares the supplier’s commitment to the buyer to provide the goods and/or services described at specified prices.
A Pro-forma invoice should include the following information:
Unique invoice number.
Address of the supplier.
Address of the prospective buyer.
Description of good and/or services including their unit costs and line-item totals.
Validity of the pro forma invoice
Proposed terms of sale.
Proposed terms of payment, if any.
Certifications required by “Customs Authorities” if any.
Signature by an authorized person from supplier’s company.
1. Customer is not required to make any payments on the goods and/or services detailed.
2. Supplier should not record a pro forma invoice as accounts receivable, and
3. Buyer should not record it as accounts payable.