# Recurring billing scenario

E

#### everplay

We provide a subscription based service for a few hundred customers.
Each subscription has a term of one year, at a cost of about \$2000 per
year.

Each customer pays \$500 of this up front, and then the remainder
(\$1500) is paid either monthly(the most common scenario), bimonthly,
quarterly, or biannually. These numbers may vary by customer.

We are seeking a solution that let's us enter the subscription rate and
down payment for each customer initially, and then calculates the
remaining monthly payments automatically. So for example if we entered
a subscription rate of \$2000 and a down payment of \$500, then the
software would automatically create monthly invoices of \$1500/12=\$125
for the remaining \$1500.

If possible we would also like the software to notify us when the
subscription is in the last month and up for renewal.

Can anyone recommend a Quickbooks solution for our scenario?

H

#### HeyBub

We provide a subscription based service for a few hundred customers.
Each subscription has a term of one year, at a cost of about \$2000 per
year.

Each customer pays \$500 of this up front, and then the remainder
(\$1500) is paid either monthly(the most common scenario), bimonthly,
quarterly, or biannually. These numbers may vary by customer.

We are seeking a solution that let's us enter the subscription rate
and down payment for each customer initially, and then calculates the
remaining monthly payments automatically. So for example if we entered
a subscription rate of \$2000 and a down payment of \$500, then the
software would automatically create monthly invoices of \$1500/12=\$125
for the remaining \$1500.

If possible we would also like the software to notify us when the
subscription is in the last month and up for renewal.

Can anyone recommend a Quickbooks solution for our scenario?
Hmmm.

You could have a number of different charges. \$100/mth, \$125/mth, \$200/mth,
\$500/quarter, etc. Pick the one a particular customer requires. Memorize the
transaction with the appropriate number of repeats.

Store the anniversary date as part of the customer's record. Each month
generate a report for that anniversary date so you'll know who to re-bill.