V9 - Estimates and the Estimates list
An estimate is a quotation to a customer, or an offer to provide products or services at a specified price. The terms of an estimate (binding, non-binding, etc.) are set by your company policies. Estimates in SOS Inventory are very similar to estimates in QuickBooks Online. An estimate in SOS will synchronize to QuickBooks Online, and vice versa. You can also send the estimate to a customer (print, email, etc.) from either place.
The Status field on an estimate is listed as Pending by default. If the estimate is converted into a sales order, invoice, or sales receipt, SOS will automatically change the Status field on the estimate to Accepted. If the customer does not agree to the sales quote and wants to renegotiate, you can change the Status field to Rejected. If the customer decides not to move forward with a sales order, you can change the Status field to Closed. The status of an estimate can be viewed on the Estimates list by enabling the Status column.
Estimates list
The Estimates list (Operations > Sales > Estimates) is home to estimate records.
An estimate is an optional transaction type in the sales workflow. The Estimates list includes several types of actions that can generate transactions from the parent estimate: Create sales order, Create invoice, and Create sales receipt. SOS Inventory will import all relevant data from the estimate.
For a general overview of how lists work in SOS Inventory, refer to List functions. See Action and batch action descriptions for more information about the actions available on lists.
To create or modify an estimate, see Adding and editing estimates.