Advance Payment Invoice

Billing a customer accurately and under the best circumstances is quite tricky. All the information needs to be correct. An advance payment invoice is a document used when you want to pay for your goods before they leave the loading platform.

Many companies or online businesses prefer to take money at or after delivery. While some companies demand advance payment, it may be for security reasons. Hence, the advance payment invoice works best in this regard.

Format: Microsoft Excel

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Advance Payment:

Companies look for products that benefit them and place an order accordingly. Both parties make a deal, and payment is finalized based on the purchased goods. The parties negotiate on the price and the payment procedures. In addition to this, the shipping duration is also communicated to the buying party. The customer provides the advance payment when the company demands it. The advance payment invoice plays a vital role in this regard. It contains all the information, including the total amount to be paid in advance.

Benefits of Advance Payment:

Sometimes, the customer may demand the products, and after finalizing the deal, the products are sent to him. When the products are shipped or reach the customer’s door, the customer refuses to pay for them. When the customer returns the goods, the company suffers from shipping charges and loss.

Hence, many companies take a sensible step to prevent fraud by getting an advance payment. As per company policy, prepayment can be made as a whole or in some portions. The use of an advance payment invoice prevents the loss.