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What is the difference between a quote and an invoice?

An invoice is a document that has legal and accounting validity while a budget does not. Therefore an invoice entails a compulsory payment, which is why to “reverse” an invoice that has already been issued you must create an invoice amendment.

As far as format and fields are concerned, the only difference is that for an invoice you must add a number and display an expiration date as well. The remaining fields are identical.

With Quipu, one click enables you to convert your budgets to invoices automatically on the account that Quipu awards the proper numbering.

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