Create an estimate

Create an estimate in your web browser

Create an estimate in the mobile app

Create an estimate in your web browser

1. On the left-side menu, click Sales & Payments > Estimates.
2. Click Create estimate.

3. To add or edit the estimate title, subheading, and your business information, click on the header to expand it.

   If you edit your business information here, he information for your business in your Profile settings will also be updated.

   

4. Estimate numbers will autopopulate in sequence. To edit the number, click the Estimate number field and make the change.
5. Click Add customer. Select a customer from the list, or click Create new customer at the bottom of the drop-down menu to add a new customer.

6. Choose a date for the estimate, a date the estimate is valid until, and optionally enter customer reference details.

   You can set a default valid until date in your customization settings. Learn how to customize your invoices and estimates.

7. Click Add Item to add the product or service. If you already have saved items, select them from the drop-down menu. You can type in the item name to search for it. To create a new product or service, click Create new product or service at the bottom of the drop-down menu.

   If you create an item through the estimate, the default Income account will be Sales. To choose a different account, click Edit income account and select from the list. When you convert the estimate to an invoice, Wave automatically tracks the income under the income accounts you select for your products or services. Learn more in How Wave bookkeeps your invoices.

8. Fill in the Description (optional), Quantity, and Price. If you entered a description or price when you created this item, these fields are filled automatically. To edit the information click in the textbox.

9. Select a tax from the Tax dropdown menu. To add a new tax, click Create new tax.

   Taxes only apply to the item they are added to. It's not possible to add a tax to the entire estimate.

10. To add a discount to your estimate, click Add discount below the Subtotal field.

11. If you want to create the estimate in a currency different from the one you have set as default for the customer, click the currency field and select a currency from the drop-down menu.

    To set a default currency for a customer, head to Sales & Payments > Customers.

12. With a Pro Plan subscription, you can add attachments to estimates.
13. With a Pro Plan subscription or use of online payments, you can add a deposit request to an estimate.

14. Click Save and continue, or click Preview to preview the estimate before saving. Clicking Save and continue saves the estimate as a draft.

    To remove the Wave footer, turn this setting off in your default invoices and estimates settings. This feature is only available to Pro Plan subscribers.

15. Click Approve draft once you are satisfied with the estimate. Approving the draft will allow you to send the estimate. Learn how to send an estimate.

Create an estimate in the mobile app

1. In the bottom menu, tap Sales > Estimates.
2. If you’re creating your first estimate, tap Create estimate. Or, tap the + icon at the top right of your screen.
3. Tap the field at the top to change the estimate title, estimate number, and optionally add customer ref and a summary. Tap Done to save the details.
4. Tap the Customer field and select a customer from the list. To add a new customer, tap the + icon at the top right of the customer list page.
5. Choose an estimate date by tapping the Estimate date box and selecting the date on the calendar.
6. To add a date the estimate is valid until, tap the Valid until box and select from the options.
7. If you are invoicing in a currency different to the one you have set as default for the customer, tap the Currency field and select a currency from the list.

8. Tap Add items to add a product or service to the estimate, then select an item from the list. You can edit the description, quantity, price, and add sales taxes. To create a new item, tap the + icon in the top right corner, then fill in the details and tap Add new item.

   Taxes only apply to the item they are added to. It's not possible to add a tax to the entire estimate.

9. Tap Done to confirm.

   If you create an item through the estimate, the default Income account will be Sales. To choose a different account, select a different income account from the Income account drop-down menu. When you convert the estimate to an invoice, Wave automatically tracks the income under the income accounts you select for your products or services. Learn more in How Wave bookkeeps your invoices.

10. Add Terms of Service / Notes or a Footer by tapping Add under Footer notes.

    To remove the Wave footer, turn this setting off in your default invoices and estimates settings. This feature is only available to Pro Plan subscribers.

11. With a Pro Plan subscription, you can add attachments to estimates.
12. Tap Save.