An estimate is a rough calculation for how much a service costs. You can send estimates to customers so that they can evaluate whether or not they want to go ahead with the purchase.
It’s a good idea to provide estimates for expensive or long-lasting jobs, for example, a long-term consulting project or a highly expensive renovation.
There are many reasons to use an estimate, for example:
Don’t forget to use your logos, colors, and font in the estimate. This will help you build a strong brand.
– Created before the sale
– Lists the goods and services and an estimate of what they’ll cost
– The customer approves the estimate
– Created after the sale has happened
– Lists the goods and services that were provided
– Requests payment from the customer and includes payment terms
Iron out the details ahead of time with this easy-to-use estimate template. Avoid confusion and disagreements.
Download the template and create an estimate in few minutes.
This template gives customers a professional impression and helps you remember all the important details.
Yes, you can download this free Word estimate template and get started now. The template has all the fields you need, just replace them with your info, the customer’s info, and info about the products or services you’re looking to sell.
An estimate can be as simple or complex as you want—or as your customer wants. Some companies just email their customers a figure. To make it more professional, you can use an estimate template, which is structured like an invoice, but without payment details.
The estimate can be exported as a PDF and emailed to your customer.
An estimate invoice is a document with a ballpark figure of what your goods or services will cost. The customer can use the estimate to see if they want to go ahead with the purchase or not.
To avoid giving the customer any unpleasant surprises, you should make sure that the estimate invoice includes all the information that you’re going to put on the final invoice. However, you don’t need to include information about how to pay.
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An estimate and an invoice are both related to sales, but they serve different purposes. You can send customers an estimate when you want to let them know upfront how much a service or product is going to cost—or the customer can request an estimate from you.
The customer can accept or decline the estimate, or negotiate the terms.
Once you’ve delivered the product or service, you send an invoice to get paid for your work. The invoice confirms that the sale took place, and tells the customer how to pay you.
Download an estimate template or send an invoice for free
The terms quote and estimate are often used interchangeably. Both are meant to provide the customer with an estimation of your prices so that they can see if they want to go ahead with a purchase.
However, an estimate can also be used about a more rudimentary quote. While a quote is usually used about an official offer that you send to the customer, an estimate can be as simple as a number you provide in conversation or in an email.
To establish your professionalism—and to avoid confusion—we recommend sending polished estimates to your customers.
The estimate should identify both the seller and the potential buyer. You should list all the goods and services you’re offering to provide, alongside their prices—and don’t forget about consumption tax, if applicable. You should specify how long the estimate is valid for.
You can also add information about the time-frame of services or an estimated delivery time for products, as well as information about warranties and returns.
Make sure to put the header ‘estimate’ on the top of the document so it’s clear what the document is.
Download a free estimate template
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