How to Create and Modify Estimates in QBO and SAVE TIME!

Рет қаралды 2,733

8 ай бұрын

What are estimates in Quickbooks Online? Who should be using them? How can they make you more efficient? This video shows you how to create a new estimate in QBO, modify it if a customer wants adjustments, and then convert it to an invoice once approved.
If you aren't already using QBO for your business, you can learn more here: www.claracfo.com/qbo
Estimates can be leveraged for all sorts of different businesses, but are especially helpful in service-based businesses where you propose work for a client and then need approval or may have modifications. The Estimates module in QBO is also great for helping you understand how much work you've been quoting over time.
0:59 When do we need estimates?
1:25 What is an estimate?
2:20 Why QBO will save time
2:50 How to create an estimate in QBO
6:50 How do you modify an estimate in QBO
7:50 Updating status of an estimate
8:25 Convert estimate to invoice
10:30 Estimate reporting
To learn more about CFO services, go to: claracfo.com/cfo-services/
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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
CODE: MB01AX4W32LTKRB

Пікірлер: 5

@ajfrank1964 Ай бұрын

thank you for this video. I am an interior designer and when I was using Quickbooks desktop I was able to seperate rooms on every estimate. Do you know how to do this step for the online quickbooks?

@ftslightingservicesinc.6851 2 ай бұрын

We are a small Lighting Distribution Firm using QuickBooks Desktop Retail. We are looking to convert to Online but there is not a Sales Order Feature. I can see we maybe able to do a workaround by using the Estimate Module. I would want to be able to separate and manage true Estimates and those that are "accepted" as Sales Orders. We do not invoice until customer product is shipped. I would look to manage the different statuses separately. Does the reporting module allow you to filter on Estimate Status?

@user-zw7gf5wv1v 8 ай бұрын

Very informative.

@Cmtinker 4 ай бұрын

What is your recommended method of scheduling work orders to bridge the gap between estimate and invoice? I have a business that does home repairs and need a way to schedule and attach my Terms and Conditions to estimates and collect signature. Have a CRM that does all of this, but the Quickbooks integration is a pain. Wish QB could just do it all...

@Cmtinker 3 ай бұрын

Still curious about this.