# Quote defaults

> Set the currency, tax mode, numbering, validity period, follow-up timing, rounding, default terms and default payment schedule for new quotes.

Quote defaults apply to every new quote. Each quote can still be changed individually. Go to [**Settings → Quote defaults**](https://app.quoterium.com/settings/quote-defaults) (admins only) and choose **Save changes** when you're done.

## Currency and tax

- **Default currency**: the currency new quotes start in. Your base currency is shown underneath; quotes in another currency are converted at the day's rate. See [Multi-currency quotes](https://quoterium.com/help/currencies-and-rates/multi-currency-quotes).
- **Tax**: **Added to prices**, **Included in prices** or **No tax**.
- **Tax label**: what tax is called on your quotes, such as VAT, GST or Sales tax.

## Numbering, validity and follow-ups

- **Quote prefix** and **Next number**, for example Q- and 1001. The next number must be higher than any number already used.
- **Valid for (days)**: how long a new quote is valid before it expires.
- **Follow-up after (days)**: when a sent quote without a follow-up is flagged for one (3 days unless you change it). See [Follow-ups](https://quoterium.com/help/sending-and-follow-up/follow-ups).

## New quotes

Under **Start with**, choose what a quote or template started from scratch contains: **A text block** or **A price item**, empty and ready to fill in, or **Nothing**. A price item gets your default tax rate and sales category. Quotes made from a template get the template's items instead.

## Rounding converted prices

**Price rounding** rounds prices in other currencies to the nearest 1, 5, 10, 50 or 100, so a converted price of 1,234.56 becomes 1,235 with a step of 5. Choose **None (exact)** to keep exact prices.

## Default text

**Terms & conditions** and **Notes to customer** are used when a template doesn't have its own. An introduction isn't set here: it's a text item, which you keep in your library and templates.

## Payment terms and milestones

**Payment terms** and **Default milestones** are used for quotes started as an **Empty quote**; templates carry their own schedule. Each milestone is a percentage of the one-off total. See [Payment milestones](https://quoterium.com/help/payments-and-xero/payment-milestones).

Source: https://quoterium.com/help/team-and-settings/quote-defaults