Estimates are a good way to track the expected revenue or cost of a project. It is a description of work you propose to do in terms of activities to be performed and expenses to be incurred. Creating an estimate is like creating a bid, grant, or a proposal.
You can create a new estimate using the New button from the Estimate screen. This button opens a dialog box enabling you to create a new estimate.
ID:
Enter the ID for the new estimate. You can use up to 21 alphanumeric characters to identify an estimate. When planning your Estimate, keep in mind the ease of recall, what the ID should communicate, and other factors.
Description:
Enter the description for the new estimate being created (field size cannot exceed 50 characters).
Base Estimate On:
You can also base your new estimate on an existing one by using this option. Select an existing estimate from the drop-down list.
Help:
Opens the Web Suite Help.
OK:
Click to save the entry and exit the screen.
Cancel:
Click to cancel the entry and close the dialog box.