All you need to know about Odoo Pro forma Invoice
Pro forma Invoice is a provisional purchase document sent to the purchaser prior to delivery or delivery of the goods. In Odoo, sales orders and invoices are an essential part of any business transaction. All accounting transactions in Odoo are based on records, and once a record is created, an invoice is generated. In the following, we will describe the process associated with the Odoo Proforma Invoice.
Odoo Invoice
Odoo invoices provide you with records of the sale of the product for inventory control, accounting and tax purposes. A conventional commercial invoice typically contains essential information such as the description of the buyer and seller of the goods, quantity and value of the goods delivered, item position and purchase.
Pro forma Invoice
It is a Precise document in which an order has been placed with the customer and sent for delivery of the product. Business invoices represent the actual situation and show the price and amount of the product or service offered. Pro forma invoices can be used when the customer needs to make a request for the product or service on your side.
When using pro forma invoices, the Customer’s Payment Department may issue payments in advance of the actual document. Once opened, the invoice is sent to the customer and marked in the system to wait for payment.
If a company uses Pro Invoice, the terms and conditions of the sales contract stipulate that full payment will not become due until the purchaser receives certain goods. The party concerned will complete the sale and a commercial invoice will be issued for the sale.
The Seller shall send the Buyer an offer for a quantity variable from the price the Buyer has purchased, a so-called pro forma invoice. A pro forma invoice establishes that the seller promises to manufacture the product or service and informs the customer of the respective price. You send the Customer a pro forma invoice to agree on the price at which you ship the goods or services.
A pro forma invoice is used as a provisional invoice or offer to customs for import purposes. It requires sufficient information for customs to determine the necessary customs duties through a general inspection of the goods. In Odoo, a pro forma invoice may be used to precede an invoice or offer to customs for import purposes.
Create a sales order in the project invoice and fill in the order quantity and the delivered quantity. There is no need to specify the quantity of orders until the invoice for the sale has been confirmed to you. Once you have confirmed the order, you will be able to view the quantities delivered and invoiced.
All information required for invoicing can be obtained from the Partner in the form of payment terms such as billing address, product, account or a combination of both, such as applicable taxes and product price.
At the same time, as soon as the product is delivered, you can invoice the customer. To create an invoice, the user creates an invoice based on a contract or order. Once a draft invoice has been prepared, the system has all the information from the other documents (customer order, contract, accountant, etc.). To validate the invoice and send it in batches by post or e-mail.
The Odoo’s project integrates with customer contracts and allows you to create invoices based on the time and materials recorded in timesheets.
It provides a specific product or service, issues an invoice, issues a payment to be made and issues an order for mediation purposes with the aim of informing the purchaser of the amount due for the goods / services provided. A pro forma invoice lists the work to be done, the quantity and the price you will charge for the goods / services delivered.
