I can share information about managing estimates in QuickBooks Online (QBO), Sharon119.
In QBO, an estimate is a non-posting transaction. This means it doesn’t affect your accounts or financial reports until it’s converted into a posting transaction, such as an invoice.
When you create an estimate for a client, it remains in a Pending state until the client approves it. Once approved, the status changes to Accepted. If the client declines the estimate, the status changes to Declined.
The status Converted is used when the estimate has been turned into an invoice. This is the key step to closing an estimate. When you convert an estimate to an invoice, you’re essentially finalizing the transaction. The goods or services have been or will be delivered, and the client is billed for them.
For future reference, you may find below articles helpful:
If you have follow-up questions about estimates in QBO, let me know by commenting below. I'm more than happy to answer it for you. Have a nice day.
