A Price Quote, Sales Quote, or Service Quote can be legally binding agreement between a vendor and a customer. When the quote is accepted by customer, the quote normally converts into an invoice. If you are looking for an easy professional way to create a price quote, download our Price Quotation Format Template.
Quotation template excel
Price quotation template: One of the easiest way to create a price quote template for your business is to start from an appropriate invoice template. The second is create from our billing invoice template. The main differences between an invoice and a quote is below. So, if you need a more specific format such as a sales quote for the sale of goods or a service quote for hourly work, you could download the Sales Invoice or Service Invoice and convert them into a simple rate quote template with our price quotation sample format.
Quotation format in excel
This free Price Quote Template is almost exactly the same as our free invoice template, with just a few minor modifications.
The following points explain the difference between the quote template and the invoice template:
- Some labels have change from “invoice” to “quote”.
- We’ve added an example “New client discount” line to show how you can include discounts on the price quote.
- The Comments section has change to Terms and Conditions section with a place for the customer to accept the quote by signing. You may remove the signature line if you don’t need that, and add your own terms and conditions.
Simple quotation format
Use a quote template to create your own price quote. A price quote, estimate, service quote, or sales quote is an agreement between a customer and a vendor to provide services and products at an price agreed upon.
Once a customer accepts the quote, it instantly converts to an invoice.
What’s the Difference Between an Invoice and a Quote Template?
A quote and an invoice are almost the same, save for a few slight changes. For instance, some labeling is changed from “quote” to “invoice”, as the case may be. In some instances, a discount line is also add. Most companies use the same quote template for invoices.
When changing from a quote to an invoice, the ‘notes’ area is change to ‘terms’, with a line where the customer can sign to accept the quote price. However, the signature lines you can remove, and it’s easy for companies to add unique terms and conditions.