When converting an accepted estimate to an invoice in QuickBooks Online Canada, what details are automatically transferred?

Question

BlackTom AI · Accepted Answer

The question asks about what details are automatically transferred when converting an accepted estimate to an invoice in QuickBooks Online Canada.
Option 1: 'Customer notes only' — This is incomplete. While customer notes may carry over under some circumstances, the core line items (products/services) and financial details are typically transferred as part of the invoice, not just notes.
Option 2: 'Products/services, quantities, rates, and taxes' — This matches the expected transfer behavior: the line items from the estimate, including item descriptions (products/services), their quantities, unit rates, and applicable taxes, are carried over to the invoice, ensuring the billing is accurate and consistent with the estimate.
Option 3: 'Only the quantity of items' — This is too limited. An invoice requires more than just quantities; it needs item details, pricing, and tax information to be complete and compliant.
Option 4: 'Payment terms and due dates only' — Payment terms and due dates are important, but they are not the primary data carried over from the estimate. The line items and their pricing are the principal elements transferred, with terms typically set or adjusted separately.
In summary, the most comprehensive and correct statement is that the transfer includes the products/services, their quantities, rates, and taxes, which aligns with standard invoicing workflows when converting an accepted estimate.

QBO25E1 - QuickBooks Online Module 4 Quiz

When converting an accepted estimate to an invoice in QuickBooks Online Canada, what details are automatically transferred?

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