An estimated invoice is a preliminary invoice that is issued to a customer before the goods, work or services are delivered. It is an important document that outlines the estimated cost of the products or services requested by the customer.
The estimate typically includes details such as the description of the products or services, the unit price, the quantity, any discounts or taxes, and the total estimated cost. It serves as a formal agreement between the customer and the supplier, outlining the terms and conditions of the sale.
Creating estimates is a breeze with Billdu. If a free estimate template is all you're looking for, you can download and customize one of our blank estimate templates for MS Word, Excel, PDF, or Google Docs. Alternatively, you can use our Free Estimate Maker to create professional estimates in seconds.
But Billdu offers more than just quotes. Your business needs a variety of documents, so check out and try our Billdu Invoicing App for 30 days free, and create quotes, estimates, invoices, and more, whenever you need.
Yes, you can send an invoice as an estimate. Many invoicing software platforms can create an invoice and label it as an estimate or a quote. This allows you to provide a detailed breakdown of the costs and services or products you offer while indicating that the invoice is not yet final and subject to change.
Always make sure that you label your invoice clearly for your clients and communicate that final prices may differ.
Estimates and invoices are practically the same content-wise, but the main difference is when they're issued. You send customers estimates at the beginning of a project, giving the client an approximation of the price for provided services.
Meanwhile, you issue invoices when the project's finished. Invoice contains final price for all the services provided.
There is a little difference between a quote and an estimate. Estimate is a document stating a rough approximation of the services and their price. It's more flexible and subject to change, therefore not legally binding. It's prepared at an early stage of the project where all costs may not be finalized yet.
A quote, on the other hand, provides a more detailed breakdown of all the costs for the project. The quote is a legally binding agreement between the customer and the supplier. Once the customer accepts a quote, the supplier must provide the goods or services agreed upon in the quote.
invoicing · sales · communication