Invoice Types

Quote/Quotation

Definition

A document stating the estimated cost for products or services before work begins.

Overview

A quote provides potential clients with detailed pricing information. Unlike estimates, quotes are typically fixed prices valid for a specified period.

Example

A landscaping company provides a quote for $5,000 for garden installation, valid for 30 days.

Best Practices

Provide detailed breakdowns, validity periods, and terms. Include what's included and excluded.

Common Mistakes to Avoid

Not specifying validity period

Unclear scope

Missing terms and conditions

Related Terms

Frequently Asked Questions

What's the difference between a quote and an estimate?

Quotes are typically fixed prices, while estimates are approximations that may change.

Ready to Create Professional Invoices?

Put your invoicing knowledge to work with Popied's easy-to-use platform