What should be created from project estimates before invoicing in Xero?

Creating quotes based on the project estimates before invoicing in Xero is crucial because it allows for a clear understanding of the costs involved in a project. When a quote is generated from the project estimates, it provides potential clients with a detailed picture of the expected expenses and scope of work. This step is essential because it establishes an agreement between the service provider and the client before the actual work begins and sets the foundation for invoicing.

Quotes serve as formal offers that clients can accept, thus ensuring that both parties are aligned on pricing and expectations. It also helps in maintaining transparency and can minimize disputes regarding costs once the project progresses. Having a defined quote makes the invoicing process smoother since it is directly tied to the agreed-upon estimates, facilitating accurate billing that reflects the work done and expenses incurred.

In contrast, while a detailed project timeline, expense budgets, and task lists are important for project management, they do not specifically pertain to the invoicing process in Xero. These elements support the planning and execution of the project but are not directly tied to the formal quoting and invoicing phase.