A proforma invoice is a prepaid bill or a preliminary bill of sale issued before delivering the goods or services. It is often sent as proof of sale for transporting goods during custom clearance.
Many businesses need to issue a proforma income statement or invoice. In addition, a specific industry such as construction, contractor, and import-export needs to issue proforma invoices regularly.
No, a proforma invoice is not a legally binding document. It is not recorded in the books of accounts. However, it is a highly important document for businesses that needs proof of sale.
Users can generate unlimited proforma invoices using the readymade proforma invoice templates.
Yes, Moon Invoice ‘Bronze’ plan users can generate proforma invoices after successfully logging in to the device or web app. Click here to understand the Moon Invoice subscriptions.
A standard business invoice is different than a proforma invoice. For example, a business invoice is issued for demanding the payment, whereas the proforma invoice is issued as proof of sale.
The basic proforma invoice format includes proforma invoice number, date of issue, total amount, product and task details with description, receiver name, and sender details.
A proforma balance sheet helps to summarize the projected future of a startup, service, or business. In addition, it helps in making wise business decisions based on the proforma income statements.