A Proforma invoice is an initial bill of sale that is sent from a buyer to a seller before the shipping or receiving of goods or services. Proforma invoices are often used for customs purposes on imports and will include the description, weight, and cost of goods.
Proforma invoices differ from quotes because they are considered binding. However, they may be subject to change. They serves as an estimate in good faith between a buyer and a seller.
Proforma invoices contain many of the same elements of an invoice including:
- Name of Seller (Company)
- Name of the Buyer (Company)
- Date of Purchase
- Description of Goods
- Unit Price
See below for an example of a Proforma invoice:
Also see: How to make an invoice