Win more business by offering payment terms.

Close the BIG deals with Installment Invoicing.

Don’t confuse installment billing with recurring billing.  Installment billing is designed
to help you close the big deals by giving your customers payment flexibility. Below are
6 KEY differences between Recurring billing and Installment billing.

Recurring

Installment

Examples
Utilities, day care, lawn care, alarm monitoring, phone, cable TV, etc.

Large purchases: vehicles, website design/builds, landscape projects, etc.

1. Total Balance
NONE. Billing is based on usage or services rendered.

Yes. Specifically defined at start of billing. May include finance fees or charges.

2. Invoice Amount

May be fixed or variable based on usage or services.

Fixed.  Although first and last payment may vary based on down payments or  finance fees and charges.

3. Over Payments
Held as credit and then applied to next invoice when generated.

Applied to the final or last open invoice.

4. # of invoices

Typically undefined.  Ongoing until service is terminated.

Fixed and pre-defined. 

5. Invoice Generation

Invoices are automatically generated one at a time according to schedule and services.

Invoices are pre-generated. Allows customer to see remaining peayments and balance due.

6. End Date

Unspecified.  Billing continues as long as service is rendered.

Specifically defined based on number of invoices or billings.

Payment Calculator dashboard

Payment Calculator

Easily calculate  and create each payment amount based on principle, fees, number of payments and amount of down payment.

Recurring Profile

Define how frequently invoices will be auto-generated and how they will be sent.

Recurring Profile dashboard

Side by Side

To see a side by side comparison of Recurring versus installment set up, just click to watch a short video.

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