PRO-FORMA INVOICE Definition

Bookmark and Share

PRO-FORMA INVOICE is a price quote. It is written as an invoice, and, in effect, says: This is the purchase price and terms we are offering.

Learn new Accounting Terms

FISCAL YEAR is the declared accounting year for a company, but it is not necessarily in conformance to a calendar year (January through December). However, it does cover twelve months, 52 weeks, 365 days. For example, the U.S. government fiscal year ends September 30, i.e. October 1 through September 30 is their fiscal or accounting year.

CLIENT is someone who pays for goods or services.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.