A quote is a formal estimate provided by a seller to a potential buyer.
It outlines the proposed price for products or services, along with other relevant details such as quantity, specifications, terms, and conditions. Quotes are used to communicate the cost of a potential transaction and provide a basis for negotiation and decision-making. They play a crucial role in helping buyers make informed purchasing choices and sellers establish clear expectations for their offerings.
In NetSuite, you can email an Estimate/Quote or print it as a PDF to fax it to a customer.
When the customer agrees to an Estimate/Quote, the next steps typically are:
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Convert it to a Sales Order (SO)
Paystand supports payments on Quotes & Estimates within NetSuite. Paystand can also take payments on Sales Orders that have been customized to function as a Quote in their billing process.
Not all companies use or need Estimate/Quotes in NetSuite, and many do not take payments on them.
Can we automatically write the payment record to the Q&E and thus trigger the Q&E to convert to a SO?
Not yet, but it is on the roadmap. Paystand does have workarounds.
Not yet, but it is on the roadmap. Paystand does have workarounds.