INDEPENDENT CONTRACTOR INVOICE TEMPLATE CANADA (word)ĬONTRACTOR INVOICE TEMPLATE CANADA (word)

SAMPLE INVOICE WITH GST NUMBER CANADA (word) Excel invoice templates(.xls) / Google sheetsĬREDIT NOTE SAMPLE CANADA (pdf) 2. We hope that the free download and introduction to pro forma invoices have proved to be useful.3. What is a Credit Note? Explanation and Free Template here Many businesses request pro forma invoices for their internal purchasing approval process.They help to prevent ‘scope creep’ by defining what is covered by your fee.You don’t have to pay a pro forma invoice.They perform as a stand-in when lacking details needed for a commercial invoice.When it comes to pro forma invoices, there are several advantages, according to TechRound and Handepay: How to Create An Invoice – Tutorial & Free Template Advantages of pro forma invoices In addition, a pro forma invoice cannot be used for bookkeeping. It is advised to clearly include ‘This is not a VAT invoice’ on a pro forma. Pro forma invoices and VATĪccording to HMRC, you cannot reclaim VAT using an invalid invoice, a pro forma invoice, statement or delivery note.Įven if a pro forma includes all of the details required for a VAT invoice, your customer must also receive a full, finalised VAT invoice to reclaim tax. Note: State for how long the pro forma invoice is valid, especially when providing goods or services where the price can fluctuate. Further, a payment due date and exact date of delivery are also not required. Description of goods or services and their agreed pricesĭo not forget to properly label the invoice as ‘pro forma’ and do not include an invoice number.Contact information for both the buyer and the seller.A free proforma invoice template is a good starting point for your business (see end of article) and then you can adapt if needed. There’s no official way a pro forma invoice should look or any specific requirements it should include. What should be included in a pro forma invoice?

They are commonly used by the international shipping industry to ensure that shipments are delivered promptly and don’t result in any unexpected surcharges to your customer. International deliveryĪ pro forma invoice often includes shipping details, delivery fees, applicable taxes and shipping costs allowing them to also serve as a declaration of a shipment’s value to customs. If necessary, its adjustable format allows for the alteration of goods and costs. When the goods or services are still being negotiated or a sale has yet to be finalised, a pro forma invoice can act as a good faith agreement. Pro forma invoices can also help you to avoid getting stung by non-payment scams.įor example, if you have a brand-new customer and you are unsure about whether they are going to pay for your goods or services, or you don’t want to risk offering credit, then issuing a pro forma invoice is a great option. Pro forma invoices can accelerate the payment process by informing your customer in advance about how much they owe, giving them time to make any necessary arrangements. The pro forma is a great invoicing tool for when you want to be paid in advance. The first is wanting to be paid in advance the second is to declare a detailed cost estimate and the third is when shipping internationally. There are three common reasons for creating pro forma invoices. Word, Excel When is a pro forma invoice issued? Hit the link below the thumbnail to download our pro forma invoice template in Excel or Word format. Download our free pro forma invoice template below While quotes are casual and often amount to nothing, pro forma invoices indicate that the work will go ahead once the exact terms have been negotiated,” explains TechRound. “Essentially a step up from a quote, the pro forma is almost exactly the same as a standard invoice but is not legally binding. It reduces the risk of exposing the customer to any unforeseen charges and offers room for manoeuvre in terms of negotiation.

What should be included in a pro forma invoice?Ī pro forma invoice is effectively a preliminary bill of sale that you send to a customer outlining your intent to deliver goods or services.

Download our free pro forma invoice template below.

Free invoice template for word