How do I create or edit an estimate or invoice


You can create an estimate to list goods you might sell or services you might provide to a prospective customer. When you print or enter the estimate there is no change in your income, because there is no guarantee that you will complete the transaction.

When a customer accepts your estimate, you can easily make any necessary modifications to it and then convert it to an invoice. The invoice appears in the invoice account you select, with the next sequential invoice number.

Because you convert estimates directly to invoices, the two forms look very similar and require you to fill in most of the same information, such as the customer, date, and billing address. You also enter details about the products and services you sell. These are called invoice items in Quicken.

Of course, you don't need to create an estimate to convert to an invoice. You can simply create an invoice whenever you need to bill customers for the products or services they bought from you.

Click the topic below for the item you want more information about.

Create an estimate or invoice

  1. Select the appropriate option:
    • To create an estimate: Click the Business tab, then click the Business Actions and choose Invoices and Estimates > Create Estimate.
    • To create an invoice: Click the Business tab, then click the Business Actions and choose Invoices and Estimates > Create Invoice.
  2. In the Customer field, enter the name of the person or firm with whom you're dealing, or select the name in the list.
  3. In the Project/Job field, enter the project/job name, or select the name in the list. (Optional)
    • Tell me more
      If you're entering a project/job for the first time, Quicken displays the New Project/Job dialog for you to complete.


      The names of closed projects/jobs don't appear.
  4. In the Layout list, select the layout you want to use. Quicken displays the layout you last used. You can also click Customize to go to the Forms Designer to create a new layout. You're given the option of saving your current invoice or estimate before opening the Forms Designer. This lets you create a new layout in the Forms Designer and then go back to your invoice or estimate and apply the new layout.
    • Why doesn't the form look like my customized layout?
      The Invoice and Estimate dialogs in which you create specific invoices or estimates are for data-entry purposes only. The dialogs will contain the same fields as your customized form layouts, but they may not accurately reflect the appearance of your customized form layouts. However, your form will appear correctly when you print or e-mail it.
  5. In the Business Tag list, select the tag for the business this invoice is for.
    • How does Quicken use this information?
      Quicken automatically appends the business tag you specify here to the category for any invoice items you enter in the Item field, using the format category/business tag.


      You should not include one business tag at the invoice level and another business tag at the invoice item level because Quicken will not be able to determine which business the invoice item belongs to. If you want to include business tags at the invoice item level, then you should leave the Business Tag field in the invoice blank.
  6. In the Bill To field, enter the name and address.
  7. If your form displays the Ship To field, enter the ship to name and address, or, with the cursor on the top line, press the ' (apostrophe) key to copy the information from the Bill To area. (Optional)
  8. Quicken displays today's date, but you can change it using the pop-up calendar or by typing over it.
  9. If your form displays the Due Date field, enter the expected date of payment. For example, if payment is due on receipt, enter today's date. The default due date is the invoice date plus 30 days, but you can change it.
    • Can I enter a note about the due date terms?
      Yes. f you want to enter information about the due date terms, such as On Receipt, enter the text in the Customer Message field. Quicken prints the message in the lower-left corner of the estimate or invoice. Use print preview to see exactly where the message will appear.
  10. If your form displays the P.O. Number field, enter the customer's purchase order number for tracking purposes. (Optional)
  11. In the Item field, click the drop-down arrow to display a list of available invoice items. Select an item in the list. Quicken fills in the category, description, and rate or price based on what you specified when you created the item. If you included a tag with the category, Quicken displays that as well.
    • What if the invoice item includes a business tag?
      You should not include one business tag at the invoice level and another business tag at the invoice item level because Quicken will not be able to determine which business the invoice item belongs to. If you want to include business tags at the invoice item level, then you should leave the Business Tag field in the invoice blank.
  12. If you charge sales tax for this item, Quicken displays a T in the Taxable column. If you want to turn tax tracking off for this item, click in the Tax column. (Optional)
  13. In the QTY field, enter the quantity of items you're selling.
    • Tell me more
      Quicken automatically updates the value in the Amount column for you, based on the quantity multiplied by the rate.
  14. In the Customer Message field, select a message in the list, or enter a new one. (Optional)
  15. If this invoice contains any taxable items, enter a tax rate in the Tax field. The rate should be in the form xx.xx (for example 8.25, not .0825). The percent sign isn't required.
  16. At this point, you can either e-mail the estimate or invoice to your customer, or mail it. (Optional)
  17. Click Save and New to record the transaction and open another form, or click Save and Done if you're finished entering invoices or estimates.

Notes

If you invoice a customer for the same items on a regular basis, you don't need to reenter the same information each time. Instead you can copy the original transaction to a new line in the invoices/receivables register and modify it as needed. Simply select the invoice transaction you want to copy, choose Edit menu > Copy Transaction. Then click a new line in the register, choose Edit menu > Paste Transaction, make any changes you want, and click Save.

Edit the information on an estimate

  1. To open the Estimate List, click the Business tab, then click the Business Tools and choose Estimate List.
  2. In the Estimate List, select the one you want to change, and then click Edit.
  3. Make changes where necessary.
  4. Click Save and Done.

 

Edit the information on an invoice

  1. Open the account where you track your invoices.
  2. Select the transaction for the invoice you want to change, and then double-click the word --Form-- in the Category field.
  3. In the Invoice dialog, make changes where necessary.
  4. Click Save and Done.

 

Notes

  • You can use the Forms Designer to include only the fields and columns you need in your estimates and invoices. You can also rename or resize the fields and columns, reposition the fields and your company logo, and display your company address.
  • You can save time and effort on estimates and invoices by prefilling default due dates and customer contact information.

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