Proforma Invoice
REPORT ON
“PRO FORMA INVOICE”
SUBMITTED BY
RISHI MEHTA - GF 78
INDEX Sr No | Chapter Name | Page No | 1. | Introduction: Meaning and Definition. | 3 | 2. | Need for Pro Forma Invoice | 4 | 3. | Pro Forma Invoice check list | 5 | 4. | Steps in preparing Pro Forma Invoice | 6 | 5. | Importance of Pro Forma Invoice in International business | 7 | 6. | Sample Pro Forma Invoice | 8 | 7. | Bibliography | 9 |
INTRODUCTION
MEANING AND DEFINATION:
An abridged or estimated invoice sent by a seller to a buyer in advance of a shipment or delivery of goods. It notes the kind and quantity of goods, their value, and other important information such as weight and transportation charges. Pro forma invoices are commonly used as preliminary invoices with a quotation, or for customs purposes in importation. They differ from a normal invoice in not being a demand or request for payment.
A proforma invoice is a quote in an invoice format that may be required by the buyer to apply for an import license, contract for pre-shipment inspection, open a letter of credit or arrange for transfer of hard currency. It may not be a required shipping document, but it can provide detailed information that buyers need in order to legally import the product.
Proforma invoices basically contain much of the same information as the formal quotation, and in many cases can be used in place of one. It should give the buyer as much information about the order as possible so arrangements can be made efficiently. The invoices inform the buyer and the appropriate import government authorities’ details of the future shipment; changes should not be made without the buyer’s consent.
As mentioned for the quotation, the points to be included in the proforma are:
1. Seller’s name and address
2. Buyer’s name and address
3. Buyer’s reference
4. Items quoted
5. Prices of items: per unit and extended totals
6. Weights and dimensions of quoted products
7.
“PRO FORMA INVOICE”
SUBMITTED BY
RISHI MEHTA - GF 78
INDEX Sr No | Chapter Name | Page No | 1. | Introduction: Meaning and Definition. | 3 | 2. | Need for Pro Forma Invoice | 4 | 3. | Pro Forma Invoice check list | 5 | 4. | Steps in preparing Pro Forma Invoice | 6 | 5. | Importance of Pro Forma Invoice in International business | 7 | 6. | Sample Pro Forma Invoice | 8 | 7. | Bibliography | 9 |
INTRODUCTION
MEANING AND DEFINATION:
An abridged or estimated invoice sent by a seller to a buyer in advance of a shipment or delivery of goods. It notes the kind and quantity of goods, their value, and other important information such as weight and transportation charges. Pro forma invoices are commonly used as preliminary invoices with a quotation, or for customs purposes in importation. They differ from a normal invoice in not being a demand or request for payment.
A proforma invoice is a quote in an invoice format that may be required by the buyer to apply for an import license, contract for pre-shipment inspection, open a letter of credit or arrange for transfer of hard currency. It may not be a required shipping document, but it can provide detailed information that buyers need in order to legally import the product.
Proforma invoices basically contain much of the same information as the formal quotation, and in many cases can be used in place of one. It should give the buyer as much information about the order as possible so arrangements can be made efficiently. The invoices inform the buyer and the appropriate import government authorities’ details of the future shipment; changes should not be made without the buyer’s consent.
As mentioned for the quotation, the points to be included in the proforma are:
1. Seller’s name and address
2. Buyer’s name and address
3. Buyer’s reference
4. Items quoted
5. Prices of items: per unit and extended totals
6. Weights and dimensions of quoted products
7.
Bibliography: http://www.fibre2fashion.com/industry-article/business-management-articles-reports/importance-of-performa-invoice/importance-of-performa-invoice2.asp http://suppliers.hubpages.com/hub/Importance-of-Pro-forma-invoice-in-boosting-international-sales http://www.businessdictionary.com/definition/pro-forma-invoice.html http://www.fibre2fashion.com/industry-article/business-management-articles-reports/importance-of-performa-invoice/importance-of-performa-invoice2.asp http://resources.alibaba.com/article/4169/Benefits_of_sending_a_pro_forma_invoice.htm