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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 To learn more about CFO services for B2B services providers making over $1M in annual revenue, go to: https://claracfo.com/services Here are some of the tools I trust and recommend to help you manage your business finances more effectively. These are affiliate links, which means I may earn a small commission if you use them—at no extra cost to you. Thank you for supporting the Clara CFO channel! 🔢 QuickBooks Online – 30% Off for 12 Months plus 30-day Free Trial https://claracfo.com/QBO Get organized with the most popular small business accounting software. 🏦 Relay Bank – Get a $100 Bonus https://www.claracfo.com/relay Modern banking designed for business owners. Sign up and deposit $100 to claim your bonus. 👥 Gusto Payroll – Earn $100 https://claracfo.com/gusto Run payroll and receive a $100 reward—perfect for growing teams. 💰 Monarch Money – Extended 30-Day Free Trial https://claracfo.com/monarch Smart personal finance software for entrepreneurs and families. 📊 RC Reports – Get $50 Off a Compensation Report https://claracfo.com/RCReports Ensure your S-Corp salary is IRS-compliant with a professional comp report. 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. CODE: MB01AX4W32LTKRB