A proforma invoice, also known as a “commercial invoice,” is a preliminary document often used during international trade. It acts as a formal request for payment and outlines the details of a sales transaction, including the products or services to be rendered, quantities, prices, and payment terms.
Proforma invoices are crucial for establishing clear expectations between parties, avoiding disputes, and ensuring timely payment. They have become indispensable in our globalized economy, simplifying international business transactions.