Purchasing Advice Views: 11

Invoicing and payment: Invoicing: 1) Invoices available - all regular manufacturers issue them; ask when purchasing; 2) VAT electronic ordinary invoice - the most common: for individuals, small-scale taxpayers and general taxpayers who do not need input credit: emailed, printable, equal to paper, tax rate 13% or 3%; 3) VAT special invoice - for general taxpayers, used for input VAT credit: requires invoicing info (company name, tax ID, address/phone, bank account), rate 13%: can offset costs; 4) Invoice items - metal cutting tools, countersinks, spot facers, cutting tools, hardware tools; 5) Timing - 1-3 working days after payment or shipment; 6) Notes - accurate invoicing info; check invoices on receipt; download e-invoices promptly; authenticate special invoices promptly; no false invoicing. Payment methods: 1) Bank transfer - the most common and safest: company to company, bank receipt for accounting: recommended; 2) Alipay - fast, convenient: good for small amounts (samples, freight); 3) WeChat - fast, convenient: small amounts; 4) Cash on delivery - courier collection: small first orders, 3%-5% fee; 5) Monthly settlement - 30/60-day terms for long-term trusted customers: contract required; 6) Bank acceptance draft - common between enterprises for large amounts: discount cost; 7) Cash - small on-site purchases: not recommended, no record. Notes: confirm the payee identity, keep payment proof; payment before shipment is industry practice; custom products usually need 30%-50% deposit.