Definitions & Terms:

Quote: A quote is a formal cost estimate for the work/service/product to be provided. It can be verbal or written, however, it is always better to have anything money related in writing.

Invoice: A detailed list of the work/service/product that has already been delivered or sold, and the service is complete. This list also includes the company name, date of service, quantity of items, as well as cost to be paid. 

Receipt: A document from the seller/service provider confirming payment (usually with a detailed list) by the buyer, that the work/service/product provided has been paid in full. 

Allocated Funds: Funds allocated (distributed) by SGi to your organization.

Earned Income/Revenue: Funds raised through fundraising by the organization.