What's the difference between Quote, Order and Invoice?

Question

Whenever I select quote or order, it's immediately turned into an invoice with no option to save it as quote/order. 
 We're a service-based company and owe have occasional progress billing. I'm looking for a method to keep track of the ongoing projects using either SO or Quote to keep them in the system but not post to the G/L.

DeneshS · Answer

A Purchase Quote transaction happens usually over the phone or email. It is made for recording a cost estimate on a specific day and time as perhaps the items you are wanting to purchase can go up and down in price. This information is already received to you via email or phone so you don't need to print it. 
 When you decide that you want to Purchase the items from the Purchase Quote, a PO or Purchase Order is usually created. Only Purchase Orders can be printed because you may need to fax the PO to the supplier / vendor. 
 The vendor / supplier will send you an Purchase invoice via email, fax or physical mail. This is why you can't print a Purchase Invoice. Only Invoices and Payment post to your GL

Sage 50 Canada

What's the difference between Quote, Order and Invoice?

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