Distinguish Betwixt Proforma Account In Addition To Account - Comparison

1. Meaning ↓

Proforma Invoice is a quotation given inward the cast of invoice.

Invoice is a pecker of a sale transaction showing the sum to live on paid past times the buyer.

2. When Sent?

Proforma Invoice is sent at the asking of the buyer earlier he places the order.

Invoice is sent later on the goods beingness despatched past times the seller.

3. Purpose ↓

Proforma Invoice enables buyer to stimulate upwardly one's heed whether to house the gild or not.

Invoice helps the buyer to know the exact sum due past times him to the seller.

4. Legality ↓

Proforma Invoice does non accept whatever legal validity.

Invoice is a legal document, together with tin live on produced inward the court.

5. Entries inward the Books of Account ↓

Under Proforma Invoice, at that spot is no query of passing entries inward the books of account.

Invoice provides a reason for recording entries inward the books of account.

6. Buyer's Responsibility ↓

The buyer is non saltation past times a proforma invoice to house an gild or to another thing.

The buyer is saltation to brand payment every bit per the invoice.