Invoice vs Estimate - What's the difference?
invoice | estimate |
a bill; a commercial document issued by a seller to a buyer indicating the products, quantities and agreed prices for products or services that the seller has already provided the buyer with. An invoice indicates that, unless paid in advance, payment is due by the buyer to the seller, according to the agreed terms.
The lot or set of goods as shipped or received.
to bill; to issue an invoice
A rough calculation or guess.
(construction and business) A document (or verbal notification) specifying how much a job will probably cost.
* {{quote-book, year=1928, author=Lawrence R. Bourne
, title=Well Tackled!
, chapter=3 To calculate roughly, often from imperfect data.
* {{quote-book, year=1965, author=Ian Hacking, title=Logic of Statistical Inference, passage=I estimate that I need 400 board feet of lumber to complete a job, and then order 350 because I do not want a surplus, or perhaps order 450 because I do not want to make any subsequent orders.
* '>citation
To judge and form an opinion of the value of, from imperfect data.
* John Locke
* J. C. Shairp
As nouns the difference between invoice and estimate
is that invoice is a bill; a commercial document issued by a seller to a buyer indicating the products, quantities and agreed prices for products or services that the seller has already provided the buyer with an invoice indicates that, unless paid in advance, payment is due by the buyer to the seller, according to the agreed terms while estimate is a rough calculation or guess.As verbs the difference between invoice and estimate
is that invoice is to bill; to issue an invoice while estimate is to calculate roughly, often from imperfect data.invoice
English
(wikipedia invoice)Noun
(en noun)- The merchant receives a large invoice of goods.
Synonyms
* (lot or set of goods) shipmentVerb
(invoic)estimate
English
Alternative forms
* (archaic)Noun
(en noun)citation, passage=“They know our boats will stand up to their work,” said Willison, “and that counts for a good deal. A low estimate from us doesn't mean scamped work, but just that we want to keep the yard busy over a slack time.”}}
Synonyms
* estimation * appraisalDerived terms
* ballpark estimateVerb
citation
- It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them.
- It is always very difficult to estimate the age in which you are living.