Create Proforma Invoices in Seconds: myBillBook is a complete billing solution that allows users to create sales invoices, quotations, delivery challans, and proforma invoices in just a few clicks.If it is marked as a ‘Sales Invoice’ by mistake, it becomes a legal document and is liable for GST returns.įeatures of myBillBook Proforma Invoice Generator Also, include the phrase ‘This is not a GST invoice’ to avoid any confusion on the part of the customer. Another important thing to remember is a proforma invoice must be marked as ‘Proforma Invoice’ to indicate that this is not the final sale invoice. If you wish to create a proforma invoice format on your own, make sure all the contents listed below are included in the document. Another interesting option is subscribing to billing software that generates free proforma invoices whenever necessary. They can also download proforma invoice format directly from the internet from reliable sources like myBillBook and others. However, businesses must have a standard proforma invoice format to make it consistent across all business transactions.īusinesses can create proforma invoice formats in Word, proforma invoice formats in Excel, and proforma invoice formats in Google docs on their own. There’s no standard industry guideline dictating the proforma invoice format – it may even look like a sales invoice. In such cases, the company provides the proforma invoice first, and once the payment gets credited, it generates the invoice.Ī Proforma invoice is not mandated by the law and is purely offered to establish good faith between the buyer and seller. In some businesses, the actual invoice is generated only when the payment is received. If there is any mismatch, the buyer can raise an objection, and the same can be revised before the actual invoice is generated. It informs the buyer of the estimated sale price of a product/service yet to be delivered, the total cost of the shipment, contents of a shipment, their value, shipping costs, and other important details. While a quotation just contains very basic details of the sale like the product price, shipping, etc., the proforma invoice format adds more details, making the sale more apparent to the buyer. They act as an informal binding agreement between the two parties, where both are aware of the terms and conditions of doing business. Proforma invoices are particularly crucial when two enterprises enter into a business agreement for the first time. On the other hand, it informs the buyer about the product and payment details. A proforma invoice declares the seller’s commitment to delivering the desired products/services to the prospective customer.
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