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.Ĭustom 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.Īdditional 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. 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. Why Should I Use Proforma Invoice?Ĭlarification and Contact Details Pro forma invoice can be identified as the most correct way of providing complete quote to buyers, that contains detailed information of the goods, costs, customs and shipping fees as well as contact details for both seller and buyer and terms of transaction, which is sent in advance of the commercial invoice, that is the final bill that the buyer agrees to pay. 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. 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. It is strongly advised to consult the appropriate authorities or seek aid of professionals prior to applying this template to you practise. Disclaimer - The proforma invoice and information on this page is intended for educational an illustrative purposes only.
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