Invoice vs. Quotation: What is the Difference and When to Use Each?

A Quotation is a formal price estimate sent before work begins or goods are supplied. It does not create an accounting liability. An Invoice is an official demand for payment issued after goods or services are delivered, which must be recorded in your tax and financial ledgers. In BISRAP, you can send quotations first, and once accepted by the client, convert them to invoices in a single click.

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Using an automated invoicing platform like BISRAP ensures your business adheres to all local compliance guidelines while freeing up valuable hours every week.