Proforma Invoice

(redirected from Pro Forma Invoices)

Proforma Invoice

A price quote that a potential seller gives to a potential buyer that details the sale price and any applicable commissions and fees. It is given in the form of an invoice. A proforma invoice exists in order to give a potential buyer a precise figure of the final cost of a transaction. This helps the buyer in making his/her investment decisions. The proforma invoice also helps the seller avoid ill feelings that may result from unexpected fees charged to the buyer, which could drive away future business.
Mentioned in ?
References in periodicals archive ?
The information may be in the form of pre-sales documents such as pro forma invoices and purchase orders, intra sales documents such as shipping status and payable information or post sale information such as payment details and arrival of goods.
Business community and the State Tax Service reached agreement on simplification of VAT financial reporting, Tatiana Kim, Board Chair of the Chamber of Tax Consultants, told Business AKIpress.Tatiana Kim said the agreement was reached that one third copies of pro forma invoices will be removed.
And we had to pay pro forma invoices to all our suppliers until we got established.
The court also found Taber had engaged in commonly accepted business practices of issuing pro forma invoices in dealing with PMI, which was having financial problems.
Basic features include: templates for multi-page commercial and pro forma invoices, packing lists, export declarations, certificates of origin, dock receipts, Canadian customs invoices and NAFTA certificates of origin.
Both Taber and PMI refer to the invoices provided to PMI as "pro forma invoices," but nowhere on the three invoices do the words "pro forma" appear, the government said.
"The pro forma invoice is simply a confirmation that Taber will produce the extrusions for PMI; it is not an actual payable invoice, and no costs had been incurred by PMI," Pendergrass plea agreement said.
But Pendergrass used the pro forma invoice to make a claim to the government for $2.02 million, representing that that amount was already owed to Taber.
The government charges that Rains knew the fake pro forma invoice would be used to get money from the government when he ordered that it be issued in late July 1993.