After a Plan has been created, you will automatically be taken to the Products tab, where you choose the Products to be added to the Plan. Now, you configure the Products, including pricing and billing behaviours.
Adding products to a plan:
- Click on the Select a product dropdown.
- You can search for the product or type in a letter or portion of the product name to bring up a match. The products are sorted alphabetically by name and also indicate the product code and the type of product to help you find the right one.
- Click on the Product you want to add and click on Assign Product.
Once added, the Edit Plan Product screen will appear.
This page is broken into the following sections.
Product Details
The Summary section shows you the Product Code, Product Type and GL Code of the product you are adding to the Plan. (These fields cannot be overridden.)
Field | Description |
---|---|
Product Code |
For existing products, this field will be locked. You can create a unique Product Code or use the one generated. |
Product Name |
You can change or use the generated product name. |
Product Description |
Existing Products - By default, they will use the original Product Description. You can enter a description. |
Quantity Management Settings
Field | Description |
---|---|
Track Unique Quantities |
|
Quantity |
|
Fixed Quantity |
|
Max Quantity |
|
Automatic Quantity Reset |
|
Inclusion Settings
Registration Visibility |
|
Charge At |
This setting can be handy for setting up, for example, a one-time service fee that is charged immediately upon the sale of a service, even though the service itself won't be activated until a later date. |
Pricing Settings
The section specifies how much the product costs within the plans. Prices must be specified for each billing interval and currency. You can specify different pricing models: Standard, Tiered, Stairstep, and Volume. See Pricing Models for more information.
Clicking on the Advanced Settings column on the Pricing Tab, you can configure additional settings related to pricing.
Field | Description |
---|---|
Charge Timing Options and Earning |
These settings control how and when a product is charged during the billing cycle and what happens to earnings when the charge occurs. Stax Bill offers various charging and earnings options that can be combined to support many different financial tracking scenarios. See Managing Earnings for more information. |
Product Expiry |
By default, products are set never to expire when added to a Plan. You can override this setting by turning Product Expiry to On and then configuring how many periods the product is valid for. In the example below, this product will expire after three periods. You could, for example, set up a free trial product (with a price of $0) that expires after three months. The catalog setting can also be overridden at the subscription level. Note that the first period for an expiring product will be consumed when the subscription is activated; after that, the number of periods is decremented each time the subscription recharges until it reaches 0. |
Price Uplift Schedule (available only for recurring products) |
For recurring products, you can set a schedule on which Stax Bill will automatically increase the price according to your configured settings. This is typically used to implement an annual uplift in a customer's monthly fees based on a signed contractual agreement. See Managing a Price Uplift Schedule for more information. |
Revenue |
This sets the way revenue is earned. |
Service Date |
This controls the invoice date that will be charged. Invoicing in advance based on the settings in the service date settings. |
Quantity Management Settings
Clicking the Show Advanced Setting, the Quantity Management section is displayed.
Field | Description |
---|---|
Track Unique Quantities |
|
Quantity |
|
Fixed Quantity |
|
Max Quantity |
|
Automatic Quantity Reset |
|
Advanced Display
This setting can be turned on to zero dollar amount charges. By default it is off and no charges for zero dollars is displayed on invoices.