Why does the estimate I have created have a due date?

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Why does the estimate I have created have a due date – Free Online Small Business Accounting Software Questions & Answers

I have created an estimate that I was hoping to forward to a client. It has a due amount and a due date in my invoice dashboard. On the pdf version there is no mention of due dates or fees due.
What happens after the due date expires? What is the relevance of the due date? There is not option in estimates to change the due date as there is in Invoices so what would it be used for if it is not adaptable?
Orla

  1. Phasor May 12, 2015
    I am having the same issue. I want to send a estimate but it has the following on it "Payment Terms: Invoice to be settled by"

    I feel it looks very pushy on a estimate. it looks like we are looking for money before we are even awarded the work. Is there anyway around this? Otherwise its a great site.
  2. Peter Connor May 13, 2015
    Hi Phasor,

    Glad you like the site. What exactly are you talking about and I'll get you a better answer?

    Pete

1 answer

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Peter Connor ⋅ Staff February 18, 2015
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Hi Orla,
The dates on the estimates are just for you, to help you manage them. Estimates are just a talking point in a job and have no legal standing, hence why the date doesn’t appear.
When they get converted to Invoices we look at the dates they were created, we also make sure all the info needed is covered. As a Invoice is legally binding. 
Hope that helps.

Pete
 

#answer-1367
  1. OrlaB February 18, 2015
    Cheers for that!

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