Recurring invoices are used in scenarios where work carries on consistently over a long period of time. Interim invoices are sent periodically through a project, typically in alignment with pre-agreed-upon milestones. If a job takes months to complete, waiting until the end to invoice can lead to major cash flow problems. Interim invoices are typically used by businesses working on large projects. They act as an advanced estimate and a way for clients to plan for their eventual payment due date. Pro Forma InvoiceĪ pro forma invoice is a kind of advanced invoice sent before any work is completed or goods are delivered. Let’s break down the different kinds of invoices. ![]() ![]() Some companies may only use one or two of these invoice variants, while others might use nearly all of them on a recurring invoice basis. There are several types of invoices, each with its own specific application in the business world.
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