Quote vs estimate vs invoice
A quote is a firm price offer for defined work. An estimate is a best guess that can change as details become clear. An invoice is the bill asking for payment, sent for a deposit, a balance or finished work. Using the right word sets the customer's expectations about price.
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About quote vs estimate vs invoice.
Also called: quote, estimate, invoice, proposal.
Send a quote when the scope is clear, and say how long it is valid. Send an estimate when scope may shift, and explain what could change it.
An invoice follows an accepted quote or finished work and lists what is due and by when. A deposit invoice and a final invoice are common.
Clear scope, price and terms in writing avoid awkward arguments later.
Vendors can send quotes and invoices that customers pay online.
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