Particularly in the case of larger projects or longer-term service provision, issuing several partial invoices instead of a single outgoing invoice offers a number of advantages – both for the exhibitor and for the recipient of the invoice.
The partial invoice refers only to a part of a good or service, in contrast to an A/R invoice, in which goods and/or services provided are recorded in their entirety. In practice, the partial invoice is used, for example, for electricity and gas deliveries, construction projects, or plant construction.
- The service provider has the option of pre-financing the project on an ongoing basis, by means of partial invoices and at the same time, which reduces the risk of payment defaults.
- The customer benefits from a financial burden that can be planned over the period of service provision and can check the completion of the project in phases.
The information required for interim invoices is the same as that required for outgoing invoices. In addition, however, a partial invoice must be marked as such, and, if necessary, have a sequential invoice number.
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