Documentation: Rate Plan Fees and Billing Plan Cycles

Fees can be billed at a certain period to your customers. Each Recurring and Usage Fee has its own Billing Cycle, different from the Plan. Whenever a new Subscription is created, an invoice is automatically created for that Subscription.

For example let's say for a Subscription that starts February 1st, you have the Plan’s Billing Cycle set at 3 months, and a Recurring Fee with a billing cycle of 1 month.

  • On February 1st an Invoice will be generated with the Status set as Pending and with the first item for the February period of the Recurring Fee.
  • On March 1st another item will be added to the invoice for the March period.
  • On April 1st another item will be added to the invoice for the April period. An Invoice will then be issued and another Pending Invoice will be created.

 

<< Back to Documentation