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9 Literarywondrous Proforma Invoice Template

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root. Spreadsheet Templates. January 05th , 2021.

A proforma invoice is an invoice form, usually provided by a vendor prior to provision of the physical goods or service, to officially declare the value of the trade. The proforma invoices by nature are very similar to the sales quote or confirmed purchase order in the form of an invoice prepared by the seller, which provides detailed information about the items and shipping cost, which will appear on the commercial invoice when transaction is finalized. Proforma is also almost identical to a commercial invoice and is usually considered as binding agreement, depending on the circumstances. In business terminology, pro forma (Latin "as a matter of form" - is a term applied to practices or documents that are done as a pure formality) often used as financial statement which prepared in advance of a planned transaction.

A proforma invoice is a common form used in both domestic and even more commonly in international trade to provide buyers as well as in the event of international trade the appropriate import/export authorities, where additional details may be required for customs, with required information about shipment.

Below we offer a couple of proforma templates, with different design and styling, which you can easily customize and print. We have also put together some useful information about how to use proforma invoices and few references to the source of information where you can read more about regulations of use of this document.

Gallery of Proforma Invoice Template

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This template contains three different formats, each on the separate worksheet, typical portrait format, landscape and third, which is also a portrait, but designed specifically for printing on your own letterheads, which practically requires minimum customization.

When it comes to customizing this template, most of the instructions for customizing pro forma invoice that we could possibly provide is to change the values in square brackets [...] and inserting your companies logo, since it's been designed in line with a typical to pro forma invoice standards, although the standards may be different for other countries, therefore we strongly advise consulting with appropriate professionals prior to applying it to your practise.

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Why Should I Use Proforma Invoice?

Clarification and Contact Details

International Trade, Export and Import

Some of the advantages of pro-forma invoice to the importer include to show to the appropriate authorities for foreign currency allocation, for instance if one country is purchasing goods from another country, there may be currency and exchange rate issues, that would be clearly explained through the use of a pro forma invoice. Other advantage of this document is opening letters of credit and most importantly, to have a detailed information on the transaction that can help to plan.

Custom Duty Calculations

In most countries pro-forma invoice is required and used by customs document that helps to calculate the anticipated cost for customs duties when the goods are crossing borders that helps to avoid surprises in trade exchanges and aims at addressing all factors which may be involved in specific trade obligations.

Additional Source of Funding

The pro forma invoice can really become handy, when buyers need to seek for additional funding source for the project in the event where transaction trade involves significant cost, which may be required by financial institution as a base of establishing a letter of credit to the buyer.

Non-Binding Document

The contents of pro forma invoice may look similar to the final commercial invoice, however, for all intents and purposes is not usually binding on the parties involved, what gives the seller an opportunity to revise the cost calculations prior to issuing the final cost, when at the same time, buyers have the option to review the planned purchase, and may decline the purchase altogether.

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