Quotation
A sales quotation is a document that allows a potential buyer/customer to view the cost involved in purchasing specific services or products. It is generally used by suppliers or resellers to begin a business transaction. It contains an itemized list of products and services defining the prices and terms of sale and payment.To create a sales Quotation, You needs to have customer details, item information that you are going to quote them, and its price. Based on this information you can create sales Quotation and send it to customers, When they agreed, it will be converted as Sales order and the flow moves, and you will choose the payment term during the time of any transaction process. Lets say you have three kind of payment durations by common.
- Prepaid
- Cash payment
- Post Payment
Here Prepaid will be used for new unknown customers. and new customers also goes under the prepaid term.
Cash payment happens mostly in retail business, such as shops, super markets, etc.
Post Payment option will be used for the regular customers, wholesalers and partnering firms. and business.
Post Payment option will be used for the regular customers, wholesalers and partnering firms. and business.
Lets come back to Sales quote. you can also email it while creating, there is an option to check and send the email directly on the time. and also you can share it with PDF.
Some places, people will use it as Proforma-Invoice, and in some places it will be also called as Estimate.
Some places, people will use it as Proforma-Invoice, and in some places it will be also called as Estimate.
If you want to convert the sales quotation to invoice directly. It's possible to do with it. And it will help you to shorten the process of creating sales order and delivery. With help of this function, you can skip the sales order and delivery. That will be created at the backend and proceeds functionality well.
Sales Quotation and Order are almost relatable each other. From sales quote, we have to convert it to either directly invoice, or sales order. With sales quotation, you can create multiple orders, and invoices, Whereas from the sales order, once you make delivery, its finished, You can't further deliver from the order again. That's the only difference with it.