Zistemo’s software also collects data about goods sold and revenue received. You don’t have to manually enter the information each time. It stores buyer and seller information for quick generation of invoices. Zistemo’s smart and simple small-business accounting software automates both these functions.įirst, it streamlines the creation of pro-forma and commercial invoices. Automate the invoicing process & receive powerful insight into your revenue with Zistemo Click To TweetĪs a business, you have two main functions: selling your goods (or services) and then reviewing your sales and revenue to see where profit can improve and growth can occur. Customs regulations requires that declared value of the goods be front and center so that they can process shipments faster. They are a must because they include shipping information such as addresses and an itemized list of goods sold, important for the shipment to pass customs. What use do businesses have for commercial invoices?Ĭommercial invoices are required when businesses are shipping goods, internationally. This includes terms of trade, total declared value, description of contents, harmonized code, Tax ID or VAT information and export information. The commercial invoice also includes information that is necessary to pass customs in foreign countries. But the actual final price may vary from the pro-forma. In this respect, this invoice is nearly identical to the pro-forma invoice. “Accounts receivable” can, of course, be the goods and services they’re purchasing. Consider it a “confirmed purchase order” that is issued prior to the shipment actually being sent out.Īs a primary document of sale in any business, an invoice, records accounts receivable for the seller and accounts receivable for the buyer. It is essentially a commitment from the seller to the buyer to sell goods according to the terms and conditions they agreed on previously. Pro forma invoice is typically issued from the seller to the buyer prior to the main (commercial) invoice.Whether the commerce is for business and export services or it’s as simple as someone buying something form an online retailer. Shipping invoices are issued any time there is a sale that involves sending a product to an individual (or business).Types of invoicesīecause these kinds of invoices can range in detail, the most common question is about the differences between a pro forma invoice vs commercial invoice and a shipping invoice. Create and send professional invoices within seconds. Zistemo can help you issue international invoices. They are essential because they are taken as legal documentation for foreign trade across borders. Commercial invoices allow foreign trade and shipment to occur more seamlessly and easily.Ī commercial invoice tells the receiving country about the value of the goods at customs, “type of export”, the reason for export and the weight and quantity. In some cases, exporters will provide a Proforma Invoice before the goods have been shipped (pre-shipment), then provide a Commercial Invoice post shipment.If you run a small international business you’ve probably either received or had to issue a commercial invoice. Note that a Commercial Invoice is issued after the goods have been delivered or shipped (post-shipment). For example, if you are sending airfreight shipments with FedEx or DHL you will have to provide to FedEx a Commercial Invoice, or provide to DHL a Commercial Invoice. It’s important that the template for Commercial Invoice contains all relevant information to avoid importers having any issues or delays when clearing the goods through customs.Ī Commercial Invoice must be provided for all seafreight and airfreight shipments. The importer will use the Commercial Invoice template, packing lists and other shipping documentation to get the products cleared through customs in the country of import. When products have been shipped Internationally, the Exporter will create a Commercial Invoice template and other shipping documentation and share them to the importer.
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