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Pricing in Products/Services


bestwe23

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I have two questions in regards to setting up the Pricing table in Setup -> Products/Services.

 

1) Billing Cycle

If I set the cycle to Biennially or Triennially, does this mean that the client will have a billing subscription that will take place once every 2 years or 3 years respectively? And will continue so until they cancel their subscription?

 

2) Setup Fee

Let’s say I want to charge a client a one-time setup fee ($100) plus have them subscribe to pay every 2 years for a product ($200/two yrs). The $100 is only paid once at registration and never again. Therefore, the client will pay $300 for the first two years and then $200 every second year. Where would I enter the $100 setup fee – in the One Time/Monthly Column or the Biennially Column? How would I enter the 2-year recurring price of $200 – put it in the Biennially Column under Price and then put -1 in all other columns? What radio bottom would a check under “Payment Type” – Recurring?

 

I know that these questions may be redundant but I want to absolutely sure how I charge my clients.

 

Thanks.

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