Overview
If you have a product that requires an initial setup fee plus a monthly recurring charge, previously, you had to rely on two separate invoices for your customers to pay these costs. Now, there’s no longer a need for that with Connectly’s latest feature update.
What’s new
- You can now add a recurring product, add a setup fee in its prices, add it to a recurring invoice. Two line items for the same product (one for the setup fee and the other for the recurring price) would now appear.
- For follow-up invoices, the setup fee line item will be removed, and only the recurring part of the price will be sent out.
How to use?
- Go to the Product section and create a product with a price type set to ‘recurring’ and add a setup fee to it.
- Create a recurring invoice from the Invoices section.
- Add the product that has a setup fee to the invoice.
- Two line items for the same product will show, with the text “Setup Fee” added to the setup part of the price.
- For all future invoices that are auto-generated according to your schedule, only the recurring element of the price will be included.
Why did we build this?
This was developed for service providers where a signup fee needed to be collected along with monthly recurring charges. This feature will make their invoicing process significantly more convenient.