Invoice

What is invoice?

A commercial document that itemizes a transaction between a buyer and a seller. An invoice will usually include the quantity of purchase, price of goods and/or services, date, parties involved, unique invoice number, and tax information. If goods or services were purchased on credit, the invoice will usually specify the terms of the deal, and provide information on the available methods of payment.

Division of Invoice

Invoice has been divided into two stages

Pro-forma Invoice Performa Invoice

Pro-forma Invoice

Pro-forma invoice is a budgetary estimate given to the client for the completion of task.

These estimates are a budget and the actual amount remains close to it or even similar.

Performa Invoice

The invoice raised after performance of a task is the actual invoice of the Performa Invoice.

It gives the actual figures of the task completed. Which means the actual amount to be paid for the services rendered.

Statement of Accounts

After the full and final payment, generally the client asks for final invoice.

But no such thing exists as final invoice. After all the payment the last thing that exists is the Statement of Accounts.

So when the client asks for final invoice we give him a Statement of accounts which shows all the payments made by him along with the dates of such payment.

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