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clo1dagh
November 3, 2022
Question

Proforma Invoice

  • November 3, 2022
  • 1 reply
  • 0 views

Hello,

 

I quoted a company a price to do a job which will also include VAT. They asked me to send a Proforma Invoice with a deposit price that they will pay to cover my costs to get the job started. Note this also includes deductions for VAT Reverse and CIS. 

 

After issuing the Proforma Invoice they sent me a purchase order with the total I quoted.

 

When they make payment. Do I need to reissue a invoice for just the deposit payment they made or do I deduct that from the final invoice?

 

Thanks in advance!

1 reply

A
Amanda-B
November 3, 2022

Hey there clo1dagh,

 

Thanks for reaching out to us here. Making sure you're recording your transactions properly is an essential step for maintaining clean books. I can point you in the right direction for the best assistance possible.

 

To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on creating this transaction. They'll be able to guide you in choosing the correct transaction type as well as which accounts to affect so that your accounts can end up with a right balance. If you do not have an accountant, you can click here to find a QuickBooks ProAdvisor.

 

If you require further assistance, I recommend reaching out to the support team outside of the Community by following this link. Otherwise, If you have any other questions, feel free to reach out to us here.

 

 

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