What is the difference between a quotation voucher and a sales order voucher?
There are the difference between a quotation voucher and a sales order voucher follow the below steps:
Solution 1 :-
Quotation Voucher:
Step 1 :
Purpose: A quotation voucher is a document prepared by a seller and provided to a potential customer to outline the details of the products or services offered, including their quantities, prices, terms, and conditions.
Step 2:
Function: The quotation serves as a formal offer to the customer, inviting them to consider the proposal and make a purchase decision.
Step 3:
Commitment: A quotation is not a binding contract and does not create any legal obligation for the customer to purchase the goods or services. It is merely an invitation to negotiate and provides information to help the customer make an informed decision.
Step 4 :
Status: Once the quotation is issued, it remains open for acceptance by the customer for a specified period, after which it may expire or require a revision.
Solution 2 :
Sales Order Voucher:
Step :1
Purpose: A sales order voucher is a document used internally by the seller to confirm the customer's acceptance of the quotation and initiate the process of fulfilling the order.
Step 2:
Function: The sales order voucher serves as an official record of the customer's commitment to purchase the goods or services as per the terms outlined in the quotation.
Step 3 :
Commitment: Once the customer accepts the quotation and the sales order is created, a legally binding contract is formed between the seller and the customer. Both parties are now obligated to fulfil their respective responsibilities.
Step 4:
Status: The sales order voucher serves as a reference for the subsequent steps in the order fulfilment process, such as order picking, packing, and shipping.