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Docs/Quotations

Quotations

Create and send quotes, track customer responses, and convert accepted quotations into invoices.

How quotations work#

A quotation is a priced offer you send to a customer before billing. Quotes carry line items, VAT, validity dates, and notes. When the customer accepts, the quote converts to an invoice in one step — no retyping.

Quotation lifecycle#

StatusMeaning
DraftEditable, not yet visible to the customer.
SentDelivered to the customer and awaiting a response.
AcceptedApproved by the customer — ready to convert to an invoice.
RejectedDeclined by the customer; excluded from pipeline value.
ExpiredValidity date passed without a response.
ConvertedTurned into an invoice; the quote links to the resulting invoice.

Creating a quotation#

  1. 1Go to Quotations → New Quotation.
  2. 2Pick a customer, or create one inline with the quick-create form (name is enough — details can be added later).
  3. 3Set the issue date, payment due date, and currency. Foreign-currency quotes track the exchange rate.
  4. 4Add line items with quantity, unit price, and per-line or document-level VAT.
  5. 5Optionally add the customer PO number, a reference, withholding tax, and notes.
  6. 6Save as draft, or send it directly to the customer.

Tip: The default VAT rate follows your workspace tax settings (for example 5% in the UAE). You can override it per document or per line.

Converting to an invoice#

Open an accepted quotation and choose Convert to Invoice. Line items, customer, currency, and tax settings carry over. The new invoice starts as a draft so you can adjust dates or terms before issuing.

Note: Convert accepted quotes promptly — accepted value sitting unconverted understates your invoicing and overstates your pipeline.

Sharing with customers#

Quotations can be downloaded as branded PDFs or shared through a public link that the customer can open without a Finvora account.