Advantages of using estimates

Use QuickBooks estimate form to prepare estimates, bids, quotes, or proposals for your customers. Although the title of the form is “Estimate” initially, you can change the title to anything that suits your business.

Filling in the estimate form is similar to writing an invoice. You can start with an estimate you've memorized previously, use your Items list to fill in items, or enter new items as you write.

When it's time to bill your customer, you can create an invoice from the estimate, with all the information from the estimate filled in.

When you need to know how accurate your estimates are, you can create reports that compare your estimated costs and revenue against your actual costs and revenue.