As a service provider, you may want to bill your client for a service upfront – at the beginning of the billing cycle - and we at Anchor have got you covered!
Anchor's upfront billing feature allows ongoing services to be automatically billed at the beginning of every billing cycle (monthly or quarterly).
When setting a service to be billed upfront, you can choose whether automatic billing begins from the next billing date, when the agreement takes effect, or pause automatic billing until you manually resume it.
Setting up 'up front' billing
In order to bill your clients upfront, you need to take a few steps when creating an agreement:
Create a service as follows;
Ongoing service
Fixed-price
Billed automatically
Select "I'm billing upfront" in the service configuration
If you’d like the first invoice to be prorated, make sure to toggle the prorated amount option when creating a service.
This will charge by the number of days since the agreement came into effect.
What should I expect?
When choosing "Automatic billing starts from the next billing date", invoices will begin issuing on the next scheduled billing date following the agreement effective date.
When choosing "Automatic billing starts when the agreement takes effect,An invoice for this service will be issued on the day the agreement takes effect in addition to the invoices issued on the upcoming billing date and going forward.
When choosing "Automatic billing is paused until resumed", the service will not be billed until you manually initiate automatic billing for it.
💡 It is important to note that only ongoing services with a fixed price that are set to be billed automatically can be billed upfront.
Still have questions? Feel free to send us a message by sending an email to [email protected], our team is always happy to help!