Invoicing explained
Invoice vs Quote
A quote is a fixed price offered before the work; an invoice is the bill sent after it. A quote is usually a firmer, fixed figure (versus an estimate's approximation), but both come before the invoice that requests payment.
What is invoice?
An invoice is the request for payment after work is delivered, with a unique number, itemized amounts, and payment terms.
What is quote?
A quote is a formal, usually fixed price you commit to before the work. Unlike a rough estimate, a quote is often treated as binding for a set period, which gives the client price certainty when they decide.
Invoice vs Quote: the key differences
Here's how invoice and quote differ at a glance:
- Timing — quote before work; invoice after.
- Price certainty — a quote is typically a fixed, committed price.
- Purpose — quote wins the job; invoice collects payment.
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Frequently asked questions
What is the difference between invoice and quote?
A quote is a fixed price offered before the work; an invoice is the bill sent after it. A quote is usually a firmer, fixed figure (versus an estimate's approximation), but both come before the invoice that requests payment.
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