Invoice

[Former Member]

hi,

what are the types of invoices are there and what is the diff between praforma and customs invoice?

[Former Member]

Proforma invoice is used for stastical purpose and does not hit the G/L account. It may not materialise into a sales revenue. However commercial invoice hits G/L accou nt and uses type F2 or F8. Commericial invoice is linked to generation of sales revenue.

[Former Member]

Invoices are basically of F1 & F2 commonly used and it serves purpose of commercial invoice, JEX is used in stock transfer. Performa invoice are basically those for which accounting entries doen't get generated, it is basically used in export scenario.

[former_member217082]

Hi Roopa

Difference between Proforma Invoice and Customer Invoice

Proforma Invoice - Proforma invoice is a billing document types of F5 & F8 which is used in the export scenarios. when you use proforma invoices it wont hit any G/L accounts in the FI as they are statastical

Customer Invoice - The billing document types are F1 & F2 and when you use these billing document types then once you save the billing document it will be forwarded to FI

Regards

Srinath

[Former Member]

Hello,

There are different types of invoices based on your different business scenarios.But standards are F1, F2, F5, F8 etc.

Proforma Invoice: Mainly for Customs purpose and doesnt update the book of accounts.Can be created either through Sale Order as well as Delivery Document.

Customs Invoice:Extended form of commercial invoice required by customs (often in a specified format) in which the exporter states the description, quantity and selling price, freight, insurance, and packing costs, terms of delivery and payment, weight and/or volume of the goods for the purpose of determining customs import value at the port of destination.It updates the book of accounts.

[former_member550050]

Hi

Invoices means billing documents

Proforma invoice is a billing document type which doesnot update the accounts and used in export scenario

Commercial invoice is the actual invoice which we are giving to the customer and it updates all GL and customer accounts

This is the main difference

Hi Roopa

First i misread your qn as commercial invoice instead of customs invoice

See in exports after delivery we create proforma invoice and send it for customs's clearance

At this point of time there is no accounting impact as it is only a proforma invoice

The customs department then verifies the whole things then give the clearance from their side

Then we create the commercial invoice along with the shipment document

The commercial invoice which is used in this case is also called as customs invoice

As the other friend rightly said this (custom invoice) is an another form of customer invoice in a specified format

Regards

Raja