Commercial Invoice Template
Generally speaking, business has two types of financial transactions. One of them is credit sales. It is a system of selling product with no cash at transfer of a product or service. Credit sales, in other words, give buyer certain term of payment based on an agreement. Commercial invoice is usually used to ask buyer for making payment based on some documents such as bill of lading and receipt. Commercial invoice becomes an important document since it gives detailed information on amount of account payable a buyer has to pay off. Similarly to other financial documents, commercial invoice has such parts as date and number. Date column refers to specific time used to establish commercial invoice.
Data of seller and buyer are also available in the invoice that include address, ZIP code, phone, contact person. Total gross weight is also a part of commercial invoice aside from terms of sale, Tax ID no and total number of pieces. Currency becomes main part of commercial invoice, especially when a company gets into global trading. Detailed specifications of a sold product such as quantity, unit price and total amount as well as product description are available in commercial invoice. One thing you should keep in mind when it comes to commercial invoice is about authority and signature depicting the one who is responsible in establishing the document. That is all some important aspects you need to understand about commercial invoice and details of the document firmly can be changed on basis of your necessity.
The other needs for this commercial invoice for export/import shipping. You can attach your sales invoice, but usually port authority requires additional information that can’t be found in general sales invoice. In order to meet the requirement, you may need to release another invoice with required information to make your products can be delivered to your customer overseas.