Term
Quote
Definition
A quote in the Business platform is a written estimate provided to a client that outlines the expected cost for a specific job or service.
Where you’ll find it
This feature is accessible in the Sales or Invoicing section of the platform. It's available across all plans, ensuring that every user can utilize it regardless of the subscription level.
Common use cases
- Providing a prospective client with a detailed cost breakdown of a project before they commit.
- Helping to manage client expectations by outlining potential costs in advance.
- Facilitating smoother negotiations by providing clear financial details from the outset.
Things to watch out for
- Ensure all necessary costs are included to prevent underquoting.
- Regularly update your quote templates to reflect current prices and services.
- Be aware that once a quote is accepted, changing its terms might affect client trust and satisfaction.
Related terms
- Invoice
- Sales Order
- Cost Estimation
- Client Proposal
- Pricing Strategy
Pixelhaze Tip: Always double-check your quotes before sending them out. Having a checklist of common items and services included in your offerings helps ensure nothing is missed. This simple step can save you from potential disputes or misunderstandings down the road.