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Custom payment terms - incremental invoicing
I've been struggling to figure out the best way to do incremental/percentage billing based on an invoice total. I'd like to be able to enter an invoice with the total amount due, then customize payment terms:
* Number of payments
* Term length (e.g., 6 months)
For now, I'm entering the total due as the line item unit price, then entering a quantity that corresponds with the number of payments I'd like to split the invoice into - for example, for two 50% payments, I enter a quantity of .5, and set the invoice to recur for two months. This works, but I feel a bit like I'm subverting the system. :)
* Number of payments
* Term length (e.g., 6 months)
For now, I'm entering the total due as the line item unit price, then entering a quantity that corresponds with the number of payments I'd like to split the invoice into - for example, for two 50% payments, I enter a quantity of .5, and set the invoice to recur for two months. This works, but I feel a bit like I'm subverting the system. :)
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The best point from the company
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This is the only way to do it right now.
But we totally encourage people to subvert the system. Please make it work any way that is best for you.
The company and 1 other person think
this is one of the best points
Create a customer community for your own organization
Plans starting at $19/month
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Inappropriate?This is the only way to do it right now.
But we totally encourage people to subvert the system. Please make it work any way that is best for you.
The company and 1 other person think
this is one of the best points
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Inappropriate?Thank you, Steven. I don't mind subverting, but I hope the process is a bit more straightforward and built-in one day! Not that I mind doing math... I just prefer my accounting app to do it for me.
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Inappropriate?It would be great to just have a basic box for % or amount to bill and have it subtract from the total due. -
Inappropriate?I would like to expand on this a bit. I work in advertising, and I've been looking for the longest time for an invoicing app that does the following:
1. Ability to set a payment schedule IN the invoice. (Almost all my clients are small businesses and prefer to make partial payments.) It doesn't make sense to me to send them an invoice for a separate items every month when it's really the same item. The ability to customize the due dates freely would be great too. (Every month, 3 weeks, pick dates, etc.)
2. Ability to TRACK the payments due. (It would be great to have a page that shows what payments are due, coming due, etc. The ability to track this on an iPhone app would be a BIG plus!)
3. Integration with Highrise.
Looks like you guys already have at least some headway on #3, but any plans on the other two?
Thanks, Eric1 Comment Add a comment
This is one of the best points
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Hey Eric, question why doesn't it make sense to invoice them for each payment? Seems like invoicing them on the schedule instead of merging would fix your issue with our app.
What integration with Highrise do you need?
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