Wholesale 101
Invoice vs Receipt vs Purchase Order vs Pro Forma: What is the Difference? EXPLAINED!
Is your head spinning from all the terminology? Don't worry! We will make this super simple for you! Let’s say you want to buy 100 cases of peppermint gum. You then contact a company online and ask for a quote. The company responds with a PRO FORMA INVOICE.A Pro Forma invoice used BEFORE the merchandise is paid for whereas an Invoice is used AFTER payment has been made. Pro Forma is used in situations where the wholesaler cannot yet predict what the exact order total will be.
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29th Feb 2020