1. Meaning ↓
Proforma Invoice is a quotation given inwards the shape of invoice.
Invoice is a neb of a sale transaction showing the sum to endure paid past times the buyer.
2. When Sent?
Proforma Invoice is sent at the asking of the buyer earlier he places the order.
Invoice is sent afterward the goods beingness despatched past times the seller.
3. Purpose ↓
Proforma Invoice enables buyer to possess upwardly one's heed whether to house the gild or not.
Invoice helps the buyer to know the exact sum due past times him to the seller.
4. Legality ↓
Proforma Invoice does non bring whatever legal validity.
Invoice is a legal document, as well as tin give notice endure produced inwards the court.
5. Entries inwards the Books of Account ↓
Under Proforma Invoice, at that spot is no query of passing entries inwards the books of account.
Invoice provides a the world for recording entries inwards the books of account.
6. Buyer's Responsibility ↓
The buyer is non outpouring past times a proforma invoice to house an gild or to another thing.
The buyer is outpouring to brand payment equally per the invoice.
