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Advance invoice

An advance invoice is the invoice issued for an advance payment received before delivery.

Updated:

Explanation

Under the VAT Act, VAT becomes due when an advance payment is received, so an invoice must be issued for it. The final invoice covers the full amount and deducts the advance already invoiced.

An advance invoice is not a proforma: a proforma only asks for payment, an advance invoice records money received. Check the exact handling with your accountant.

How HelloTeam does it

HelloTeam marks the document as an advance invoice at the invoicing provider (Számlázz.hu, Billingo).

Module: Invoicing (€7.90 / month).

Sources

This is general information, not legal or tax advice. The rules come from: 2007. évi CXXVII. törvény az általános forgalmi adóról (Áfa tv.), Nemzeti Jogszabálytár (checked )