![]() If you’re using digital invoicing software, you’ll probably create estimates and invoices in the same way (which explains the confusion). Estimates can also be called “bids” or “quotes.”Ĭustomers may request an estimate before completing a purchase order so they can check your pricing. Invoice vs EstimateĪn estimate is a proposal of services or sales. Because invoices are a business communication tool, it’s critical to know the difference between each document and to know how they function in the purchasing process. Invoices are commonly confused with estimates, purchase orders, and receipts. Most modern-day businesses use an online invoicing tool to send invoices and receive digital payment from customers. Invoices include important details like what goods or services were provided, how much money is owed by the client and the terms of payment. ![]() Invoices may also be called “bills,” “statements,” or “sales invoices.” ![]() ![]()
0 Comments
Leave a Reply. |