Pro Forma Invoices: Prep Before You Pay

A recent “Ask the Expert” question from Paula Dickerson, AP Disbursements Manager at Buckeye Partners in Houston, Texas, prompted a discussion about how pro forma invoices should be processed by accounts payable. She asked: “Is it appropriate in any case to issue payments from AP for a pro forma invoice when the vendor typically invoices via their AR system?” In this article, we will discuss pro forma invoices, explain what they are, and provide insights from AP practitioners on policies and…