Recurring billing that runs itself
Choose when subscription invoicing starts for your workspace, and from then on each go-live and renewal raises a tax invoice for the period, carrying the subscription’s price and tax. It posts revenue to your subscription income account and the tax to the right tax ledgers, exactly like any other sale. A subscription with no client attached is recorded in the books by a journal entry instead, since an invoice needs a customer.
- One invoice per billing period
- Revenue to your subscription income account
- Tax at the subscription’s rate
- Payments counted towards total paid