Quotation

Because quotes are sent before an invoice, they are the first point of business contact with your customer. In other words, the better your quote, the better your chance of success and the opportunity to convert that quote to an invoice. Thus, It becomes very important to track quotations, standardize the format of quotations. This page offers wide range of quotations format in excel and spreadsheet. You can customize these formats to make it more relevant with your business requirements.

How does a quote template differ from an invoice?

A price quote template may serve as a legally binding agreement between a client and a vendor. It’s a document which says that the business will deliver goods or services. These come at a price which was already predefined.

When the client accepts the quotation, then it’s usually converted into an invoice.

A quotation template is very similar to an invoice, but they’re not totally alike. Here are some key differences between a quote and an invoice:

• Expiration date in the quotation makes it different
• Quotation numbering is different from the ones used in invoices.

One relationship is that businesses usually invoice the service or goods receiver based on the quotation number. Hence, in a matured business environment, quotation and invoice numbers usually communicate with each others.

Explore and download free quotation templates on various topics.