What Is a Service Estimate Form?
We must first define the essence or meaning of the term estimate. What is an estimate? From the literal meaning of the term, estimate means the appropriate calculation or judgment of the value and quantity of something. The term estimate can answer the questions, “How much?” “How many?” “When will it be finished?” The next thing to be addressed is what is its definition in accounting.
The definition of estimate in accounting is that it is an “approximate number” in a company’s financial records, according to smallbusiness.chron.com. An estimate is also defined as being a calculated total, but this does not mean that the sum is definite. An estimate happens when there is no accurate and precise measurement of the financial transactions in the ledgers.
A service estimate is a branch of an estimate and is part of a maintenance agreement schedule. A service estimate is a legal document that focuses on the amount of labor being given by an employee in a workplace or by a repairman, coming in for maintenance.
Service estimate forms are highly advantageous for companies since it helps managers see the amount of progress and productivity an employee has done, acting as a status report.
FREE 6+ Service Estimate Forms in PDF | MS Word
Estimate documents come in various purposes and service estimate is just one of the many examples. Here are seven estimate sample forms that we have procured from the vast Internet so you can use these samples as your guide and reference when you will be creating your very own estimate form. Carefully look at the samples’ content and structure. You may see any similarties or differences.
1. Sample Generic Estimate Form
2. Sample Cost Estimate Form
3. Sample Service Estimate Form
4. Sample Loan Estimate Form
5. Sample Retirement Estimate Form
6. Sample Official Cost Estimate Form
7. Sample Generic Cost Estimate Form
Types of Estimate Forms
An estimate form has various types that depend upon the situation in which it is needed. Here are four types of estimates that we have based on the samples we have gathered and presented above. Read the descriptions carefully and remember that estimates are not definite. Estimates are like an almost accurate guess.
1. Cost Estimate Form
A cost estimate is the approximation of the total cost of an event, project, or operation. This type solely deals with the financial flow and financial transaction, where the money goes and how the money was used.
2. Service Estimate Form
A service estimate form solely focuses on the amount of labor being done by an employee. If in terms of maintenance, this type is the amount of days the maintenance will take and the amount of days the repairman visited.
3. Loan Estimate Form
This type can also be part of the cost estimate but we have just given this attention. This type solely deals anything to do with loans that includes the estimated interest rate, monthly payment, and total closing costs for the loan.
4. Retirement Estimate Form
This type solely focuses on the approximation or the “accurate guess” on how much you will get when you retire from work.
How to Create a Service Estimate Form
We have prepared a few tips and ways on how to create your very own service estimate form that you can use someday when you want to take note of the total number of days a certain service is done. You must note that the steps are not necessarily in chronological order, and you may skip some of them.
Step 1: Select a Sample Service Estimate Form Template
Go to template.net and browse through the ever-expanding media library, explore the nooks and crannies to find that one template, made of high-quality content such as text fonts and graphic files, that you honestly prefer. Once you have found that perfect template that you so badly want to use, you may download it.
Step 2: Customize the Sample Service Estimate Form Template
Once you have downloaded the template that you want to exploit, you may start customizing it. Never overlook one part of the template. Explore all of its body. Customize everything to make it your very own document.
Step 3: Create a Simple Table
All estimates need a table. Table help brings order to a document, and tables are formal to look at. Create a simple table or chart to help you organize the list of estimates that you might want to write down on the template.
Step 4: Include the Business Information on the Template
You must never forget to include your business information, such as your addresses, emails, hotline numbers, and mobile numbers. Your clients might have questions or issues that they want to address with you, so never forget to place your calling information.
Step 5: Review the Final Service Estimate Form Output
Once you have finalized the document, you must review it for any existing errors, grammatical or contextual, that you may have forgotten to change during the writing stage. You can even have someone who has created such a form review the document that you have created.
Step 6: Print the Service Estimate Form
After everything has been done, the writing and the editing phase, you can now print the document as many as you want. Just be sure to print extra copies in case the original copy might get lost.
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