Template of the Estimate

What must an estimate include?

Use our platform to generate a clear and professional estimate using the following components:

Basic Components:

• Bill to – The client's name and billing address.

• Number – Unique identifier for the estimate.

• Date – Date when the estimate is created.

• Description – List of goods or services being estimated.

• Amount – Total estimated price per item or service.

Advanced Components:

• Ship to – Delivery address, if applicable.

• P.O. – Optional field for referencing the purchase order number.

• Qty – Number of units or service hours.

• Unit Price – Price per unit or hourly rate.

When and why is it used?

Estimates are typically sent at the start of a client relationship or project. They help:

• Define the scope of work or product delivery.

• Provide transparency about pricing.

• Allow both sides to negotiate or approve terms before formalizing the agreement.

• Serve as a foundation for converting the estimate into an invoice.