[Proforma ˈɪnvɔɪs]
A Proforma Invoice is a non-legally binding document given to a client before selling them a good or service so they can have an idea of what they might pay.
A Proforma Invoice is a type of document given to a client before they purchase any goods or services. They are used to estimate the costs of a transaction, like the price of goods and services being purchased, taxes, shipping etc. This is to give the client an idea of what they can expect to pay.
Proforma Invoices are often used in international trade to satisfy customs regulations. They are also commonplace in transactions that require approval from other parties like investors or senior management.
A Proforma Invoice is not legally binding so a standard Invoice must be sent when the buyer is ready to commit.
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