There are 3 different ways to setup a Payment Plans in PocketSuite:
- Single invoice payment plan
- Scheduled invoice payment plan
- Limited term subscription, auto-debit payment plan
Single invoice payment plan
PocketSuite’s Invoicing feature allows you to set payment plans for your clients. Instead of paying all at once, clients can pay the invoice over an extended period of time. To begin, follow the following steps:
Step 1: While you are editing your invoice, tap on “Payment plan”.
Step 2: Select the payment plan option that you would like to apply to the invoice.
The percent in the parentheses specifies the smallest payment amount that your client can make per installment payment. Your client will finish paying their invoice based on the number of payments that you set in your payment plan. Your clients can always pay more than the minimum amount that you set and thus pay off the invoice earlier than expected. So for example, if the invoice total is $1,000 and you select “2 payments (25% min),” each client payment has to be at least $250. By the end of those 2 payments, the client will have paid a total of $1,000.
Step 3: Finish customizing your invoice. Remember that any gift certificate, discount, sales tax, or surcharge will impact the total invoice amount and thus will affect the minimum percentage clients have to pay as part of their payment plan.
Scheduled invoice payment plan
PocketSuite makes it easy to get paid on a recurring basis with Scheduled Invoices. Scheduled Invoices save you the work of having to create custom subscriptions and allow you to put the responsibility for payment in your clients’ hands.
Limited term subscriptions
PocketSuite’s Subscriptions feature allows you to directly tie a fixed quantity of your services and classes to a recurring payment plan. Subscriptions guarantee a fixed stream of income and service from clients as long as it is active. Clients will be auto-charged for their subscriptions until it expires or one of you decides to cancel it.