Hello, I'd like to ask a question regarding finance vocabulary. How would you call an invoice that was issued in order to pay some money to the subcontractor in advance ? An advance invoice? (for example: he gets 40% of agreed payment before the end of work) And how would you call an invoice that was issued after the 'advance invoice'? I mean the invoice that is being issued after the construction works had been completed. Thanks anna
Top answer
I would call them a proforma invoice and an invoice respectively.
— Mister Micawber
I would call them a proforma invoice and an invoice respectively.
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In both cases it is called Invoice. However the text should make it clear if the payment is an advance payment based on contractual or verbal agreement or the final invoice.