How to Create and Modify Estimates in QBO and SAVE TIME!

What are estimates in Quickbooks Online? Who should be using them? How can they make you more efficient? This video shows you how to create a new estimate in QBO, modify it if a customer wants adjustments, and then convert it to an invoice once approved.

If you aren't already using QBO for your business, you can learn more here: https://www.claracfo.com/qbo

Estimates can be leveraged for all sorts of different businesses, but are especially helpful in service-based businesses where you propose work for a client and then need approval or may have modifications. The Estimates module in QBO is also great for helping you understand how much work you've been quoting over time.

0:59 When do we need estimates?
1:25 What is an estimate?
2:20 Why QBO will save time
2:50 How to create an estimate in QBO
6:50 How do you modify an estimate in QBO
7:50 Updating status of an estimate
8:25 Convert estimate to invoice
10:30 Estimate reporting

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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.



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