Of all the tasks performed by a small business, estimates are perhaps the most nerve wracking. If you estimate too high, you may lose the bid. Estimate too low and you eat up profits. There is, however, a practical approach to estimates that can free you from the burdensome task of evaluating the effectiveness of your estimates. A way of tracking estimates is the answer. Being able to easily ascertain which estimates converted to paid invoices and which sat unanswered or rejected can help determine an estimate strategy going forward.

Whatever type of small business you operate, this cloud accounting software helps with the estimate process in a simple, yet effective manner. Creating estimates is easy and converting estimates to invoices is a one-click process. The financial accounting software keeps estimates on file, so you can sort by converted and expired estimates. You can sort estimates by customer, date and total and quickly see which estimates performed and converted to invoices. 

 

Good platform for estimates

Creating estimates in this software is a simple process. You complete fields including product or service name and rate. Price is then calculated for you as is the estimate subtotal and total. As you would imagine, the estimate looks exactly like an invoice, which facilitates converting the estimate to invoice. You can send the estimate to a potential client or export a PDF and email the estimate from your preferred email application. The estimates produced by the system is professional and can be branded with your logo, company name and contact information. Unlike some estimates software, this one is online, so no matter where you are, if you have an Internet connection, you can create and send estimates.

Cost effective  

 

If you have been using what are now outdated methods of preparing estimates: pen and paper, spreadsheets or estimate software that is not tied to a bookkeeping system, if you use this small business accounting software, you’ll find estimates, invoicing and bookkeeping work together well in one system.  Because estimates are a part of the software that also performance other vital financial management jobs, you can dispense with your old methods and you don’t need to buy several software applications to get the job done. You buy one that does all that you need.

Professional estimates

In summary, Flare accounting software’s professional estimates are easy to create and send and save a lot of time and hassle. It takes seconds to create an estimate. Using the software requires no previous knowledge and you’ll find the process intuitive. If you do need help, there are many support articles available that walk you through estimate creation step by step. Why buy dedicated estimate software when you can enjoy estimates, invoicing, bookkeeping and business analytics in one application?  

Sign up for this free accounting software trial version and explore estimates and other time-saving features.