Using Recurring Billing

Using Recurring Billing

What is Recurring Billing?

• Recurring billing is a billing method that has a specified payment amount that does not change and the payments are set over a defined period of time.

• Recurring billing does not invoice services as they are performed or determine payment amounts based on monthly statements.

What are the benefits of recurring billing?

• Increases on-time payments due to the automatic payment process.

• Lowers the processing cost by eliminating the need to generate invoices and statements on a monthly basis.

• Increases cash flow by lowering delinquencies and stabilizing your accounts receivables on an annual basis.

How can I use recurring billing in a service company?

• By linking of your service contract with your billing document

• Having the ability to make adjustments to amounts collected and actual services provided