Earnr AI, your new tax assistant, is here. Check it out now!
Stressed by tax?
Get Earnr Pro
Taxionary

Proforma Invoice

[Proforma ˈɪnvɔɪs]

Term

Summary:

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.

More detail:

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.

Back to Taxionary

You might also like...

decorative image for a blog

Submit your 22/23 Tax Return Before January 31st

January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.

Read more
decorative image for a blog

We asked Earnr AI why you should use Earnr…. here’s what it said…

We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!

Read more
decorative image for a blog
December 20, 2023
Tax essentials

Why should you submit your tax return over the Christmas period?

The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.

Read more
Earnr logoDownload earnr