Save time on your next proposals by building a library of your most common services.
Having predefined services that can be customized makes creating proposals quick and easy.
In order to make it easier for you to set up your Anchor library, we will include our free Example Services on the page. You can change/edit them however you wish to get a head start on your own service list.
TIP 💡
Use the library to maintain your service templates and align your offering across clients. Preparing a few templates in advance can also speed up the process.
Navigate this article
Adding a new service
Open the Services page and click 'New service'.
Define the service name, description, and occurrence.
💡A good service description makes your agreement clear, reduces back and forth with your clients, and makes it easier for them to approve it. 🤝
Choose a pricing structure and a billing trigger.
For unit or hourly-based services, you can only use;
Manual billing - in cases of units or hourly-based service you need to enter the final amount of units/hours to bill. Once added, you’ll be able to bill that service.
For a fixed-priced service, you can choose between:
Manual - the invoice will be manually issued
Automatic - invoices will be sent without requiring any action on your end. In some cases, this option will be disabled. See a table of options below.
Use auto-payment for preapproved hours
When setting up unit or hourly-based services, you can define a preapproved cap for automatic payments.
For example, in the image below we set a preapproved cap of 2 hours, and that means that the payment will be processed automatically, as long as the preapproved hours are not exceeded.
Editing a service
Click the edit button in the service library.
The inline editing on the Services page only affects future agreements, not existing ones. It is similar to editing a service template for future use.
If you changed "Bookkeeping Services" to "Bookkeeping Services - Hourly Rate", your approved agreements with "Bookkeeping Services" would not change.
Any changes you make to a service in an approved agreement will be saved for that agreement only and will not affect any other agreements.
What billing options are available?
Anchor offers two types of services: one-time and ongoing.
Their pricing and billing triggers are split into more variables, so there are a total of 15 service options.
Here is a table of services with their billing options (click to enlarge):
Service type | Pricing | Billing cycle | Billing trigger |
One time | Fixed | One time |
|
One time | Hourly/Units/Range | One time | Manual |
Ongoing | Fixed |
|
|
Ongoing | Hourly/Units/Range |
| Manual |