Business, Legal & Accounting Glossary
An invoice presented by one company to another for payment for goods prior to their despatch. This method of invoicing is to ensure payment is received and is often the case when two companies have not traded before. If future trading is anticipated it will then be usual for an account to be set up for the purchasing company with credit facilities.
An agreement for a product or service with a set price and conditional terms. It states the selling price and terms offered. Pro-forma invoices are frequently used as preliminary invoices with a quotation or for U.S. Customs purposes in importation.
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This glossary post was last updated: 20th November, 2021 | 0 Views.