Create An Invoice From An Estimate In QuickBooks

Just how to Convert an Estimate to an Invoice in QuickBooks

Whether your company sells services, products or combinations regarding the two, you provide estimates for customer approval in advance of starting work on individual jobs or projects. Create An Invoice From An Estimate In QuickBooks assures that your billing proceeds directly from the line items and pricing that your customer approved, and simplifies both your costing and your billing procedures. Once your customer signs off regarding the costs you present, you can generate an invoice using QuickBooks' built-in capabilities.

1 Verify that QuickBooks' estimates feature is active. Open the "Edit" menu and select "Preferences" to open the Preferences dialog box. Click "Jobs and Estimates" within the preference category list on the left region of the window and select the "Company Preferences" tab at the top. Set the air buttons below "Do You Create Estimates?" to "Yes." To produce an invoice for a percentage of your estimate, set the radio buttons for "Do you realy Do Progress Invoicing?" to "Yes." Click on the "OK" button to put on your preferences.

2 click on the "Customer Center" tab below the QuickBooks menu bar. Find the "Customers & Jobs" tab and choose either the client or the project name to which you attached the estimate. Open the "Show" drop-down menu and select "Estimates," then double-click in the estimate from which you wish to invoice.

3 click the "Create Invoice" item near the top of the estimate screen. If QuickBooks displays an "Items Not Assigned Classes" alert, click the "Save Anyway" button to proceed to the invoice screen.

4 Set the materials costs on the invoice to "100%" or your desired percentage when you look at the "Total %" column. QuickBooks automatically applies 100 % of labor costs whenever you convert an estimate to an invoice, however you may prefer to set the percentages for materials costs manually. Lessen the labor-cost percentages should you want to submit progressive billing for under the entire job cost.

5 Click "Print" near the top of the invoice screen to send your completed invoice to your printer. Activate the "To Be Printed" check box in the bottom left to add the invoice to a collection for later output.

6 Click the "Save & Close" button to save your invoice and close the window. To produce another invoice, click the "Save & New" button instead.
Related Topic: https://accountinpro.blogspot.com/2020/12/create-invoice-from-estimate-in.html