Invoicing explained
Proforma invoice vs Invoice
A proforma invoice is a preliminary invoice that sets out the expected cost before delivery; a final invoice is the formal request for payment after delivery. The proforma helps the buyer commit or arrange payment; the final invoice records the sale.
What is proforma invoice?
A proforma invoice looks like an invoice but is clearly marked “proforma”. It's used to confirm a purchase, arrange financing, or clear customs before goods or services are delivered. It isn't a tax invoice and doesn't record a completed sale, though buyers sometimes pay against it in advance.
What is invoice?
A final invoice is the real request for payment, issued once the work or goods are delivered. It has a unique invoice number, counts for tax, and is what the client actually pays.
Proforma invoice vs Invoice: the key differences
Here's how proforma invoice and invoice differ at a glance:
- Stage — proforma before delivery; final invoice after.
- Legal weight — proforma isn't a tax document; the final invoice is.
- Numbering — only the final invoice takes the next number in your official invoice sequence.
How this works in Invco
Invco doesn't have a separate proforma document type. It's built for final invoices: each one gets the next sequential number for that company, with subtotal, tax and total calculated for you, and can be downloaded or emailed as a PDF.
Invco is invoicing software for people who run more than one company. Design your own invoice template or upload your existing invoice PDF, add line items with per-line tax and discounts, and Invco calculates the totals, numbers each invoice sequentially and emails it as a branded PDF from your own address. Every invoice is tracked from draft to sent to paid, and overdue ones are flagged automatically. Plans from $10/month.
More invoicing comparisons
- Invoice vs EstimateAn estimate is a non-binding projection of what a job will cost, sent before the work.
- Invoice vs ReceiptAn invoice requests payment for goods or services; a receipt confirms that payment has been made.
- Invoice vs QuoteA quote is a fixed price offered before the work; an invoice is the bill sent after it.
- Net 30 vs Due on ReceiptNet 30 gives the client 30 days to pay from the invoice date; due on receipt asks for payment immediately.
Frequently asked questions
What is the difference between proforma invoice and invoice?
A proforma invoice is a preliminary invoice that sets out the expected cost before delivery; a final invoice is the formal request for payment after delivery. The proforma helps the buyer commit or arrange payment; the final invoice records the sale.
Can I make a proforma invoice in Invco?
Invco doesn't have a separate proforma document type. It's built for final invoices: each one gets the next sequential number for that company, with subtotal, tax and total calculated for you, and can be downloaded or emailed as a PDF.
How much does Invco cost?
Starter is $10/month for 1 company, Growth is $20/month for up to 3 companies, Pro is $30/month for up to 8 companies, Scale is $50/month for up to 20 companies, and Unlimited is $100/month with no cap. Every plan includes every feature, with no per-invoice fees, and you get a full refund if you cancel within 7 days of a charge.
Invoice the easy way with Invco
Design your invoice template, send branded PDFs from your own email address, and see what's paid and overdue for every company. Plans from $10/month, with a full refund within 7 days.
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