What's the difference between a quote and a draft invoice?

Question asked by Nick Parker 9 years ago

A very basic question this, I'm sure. I've just started using Clearbooks, after using FreeAgent. In FreeAgent I'd create an 'estimate', that I'd then convert to an invoice once agreed by a client. (99% of the time, I'm really creating an estimate so I can see my revenue pipeline, more than because I need sign-off). In Clearbooks, how do convert an estimate to an invoice? I can't see an obvious way. (And can't find answer in help docs) Or perhaps it's more sensible to create a 'draft invoice' instead? Help appreciated! Cheers, Nick

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Paul Scholes

Accountant

1127 entries

Hi Nick - Draft invoices are two dimensional, ie you create one and then, when it's agreed, you convert to an invoice.

Estimates however follow a process from draft through completed, accepted, invoiced or rejected. Quotes, Estimates, Proformas and Sales orders all follow this process and the guide that covers it is here:

https://www.clearbooks.co.uk/support/guides/quotes-2/new-navigation-process-quotes/

9 years ago

Nick Parker

7 entries

Thanks Paul. Makes sense. I think draft invoices will do the job for me. Cheers.

9 years ago

What's the difference between a quote and a draft invoice?

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