When it comes to an estimate, it is used to create a bid, proposal, or quote. This estimate can later be turned into a sales order or an invoice. In this article, we are going to creating an estimate in QuickBooks desktop as per the users request. If you are interested to create an estimate, then reading this article will surely be of some help for you. Another option for the same can be to get in touch with our accounting professionals at 1-800-761-1787. Our experts will ensure to provide you with immediate assistance.
Steps to Turn on Estimate in QuickBooks
The user can create an estimate in QuickBooks by performing the steps below and also it is suggested to ensure that the estimates feature is turned on.
- The very first step is to sign in to the QuickBooks company file as admin.
- And then, from the QuickBooks Edit menu, select Preferences.
- Choose jobs estimates on the left pane, and move to the Company preferences tab.
- And also, select Yes to the question do you create estimates?
- Lastly, choose OK tab.
Steps to Create an Estimate in QuickBooks
- The first step here is from the QuickBooks home screen or on the customers menu, choose Estimates/ create estimates.
- And select a customer or customer job, on the customer: job drop down. In case the customer or job is not on the list yet, and also select Add new.
- Fill in the relevant information at the top of the form like the date and estimate.
- Now, in the detail area choose the item you wish to do or include as a sale. Also, note that when you choose or Add an item, the description and amount are automatically populated based on the description and unit cost entered when the item was set up. The user can Delete or Modify this when creating estimates.
- In case the user wishes to apply for a discount, then you need to create a discount item.
- The user needs to select Item list from the QuickBooks lists menu.
- Also, right click anywhere and select New.
- Now choose the type on the drop down and select Discount.
- In the next step, the user need to enter an Item name/number and a brief description.
- In the amount or % field, the user should enter the discount amount on percentage. In case the discount amounts vary, then you might want to leave the amount or % field blank and enter the amount directly on your sales forms.
- From the account drop down and also select the Income account, you wish to use to track discounts you give to the customers.
- The last step is to select an Appropriate tax code for the item then OK tab.
- Lastly, choose Save and Close.
- Create an estimate is part of the usual A/R workflow in QuickBooks desktop.
Conclusion!
Towards the end of this article, we expect that the reader might be of some help in to create an estimate in QuickBooks desktop. It is a part of your usual A/R workflow in QuickBooks desktop. For viewing the complete list of workflows and other customer-related transactions, refer to accounts receivable workflows in QuickBooks. However, if you aren’t able to create an estimate successfully, then in that case give us a call at 1-800-761-1787, and let our QuickBooks support professionals provide you with immediate technical assistance.
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