Is Pro Forma an Invoice?

Is Pro Forma an Invoice?

A proforma invoice is a preliminary bill or estimated invoice which is used to request payment from the committed buyer for goods or services before they are supplied. A proforma invoice includes a description of the goods, the total payable amount and other details about the transaction.

What is the difference between a pro forma invoice and an invoice?

What Is the Difference Between an Invoice and Proforma Invoice? While an invoice is a commercial instrument that states the total amount due, the proforma invoice is a declaration by the seller to provide products and services on a specified date and time.

Are pro forma invoices legal?

A proforma invoice isn't legally binding

A customer or buyer is not legally bound to pay a proforma invoice. ... That's why, once the transaction is confirmed, the seller should issue an official, final invoice.

Alexander Ross
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Alexander Ross

Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.