This article describes the billing preferences that can be configured at the account level on the Settings >Financial >Billing Preferences page. These settings are used as the defaults for all customers except those where the settings have been specifically overridden at the customer level in the customer settings.
Note: For information about overriding these settings at the customer level, see:
For information about configuring billing period preferences, see:
By default, it creates a draft invoice for you to review and manually post if the invoice is correct. Depending on your number of customers, this may be too labour-intensive. If you turn this setting on, every invoice will automatically be posted.
This setting can be overridden for individual customers by accessing Payment Option Settings through the Customers Dashboard.
When turned on, ready draft charges are posted on renewal, including all ready draft charges from renewals, subscriptions, and purchases.
For example, if you add purchases or other charges and select Do not auto post, they will remain in ready draft charges till the renewal date. When renewal occurs, all recurring charges and any mid-period draft charges will be posted. This allows you only to invoice during the billing period and to make changes throughout the month to be reflected in the next billing cycle. Note that Auto post must be turned on, and when making changes to charges that you select, do not auto post.
This setting can be overridden for individual customers by accessing Payment Option Settings through the Customers Dashboard.
Default net terms control the due date of a posted invoice, which controls when automatic credit card collection is triggered and when the accounting status of a customer changes to "poor standing". For example, Net21 means that the invoice must be paid within 21 days of the invoice date.
If most customers will be paying automatically by credit card or ACH, the default setting of Net0 is appropriate.
In addition to the Net Terms Net0, Net5, Net7, Net 10, and so on, you can select a Specific Day of the Month and enter a day, for example, "18". This means payment is due and will be automatically collected on the specified day, for example, the 18th day of each month. The due date on the invoice is also automatically set to this day.
This setting can be overridden for individual customers by accessing Payment Option Settings through the Customers Dashboard.
Customer acquisition cost is the average amount spent to attract a new customer. The amount set here is the point beyond which this cost has been recouped, and the customer is associated with profits.
The value can be overwritten by an individual customer. If the average customer acquisition cost is known for your organization, then this value can be set; otherwise, the value can safely be set as $0, and the Stax Bill system will simply track the net profitability of the customer without considering Acquisition cost.
Accessing Accounting Settings through the Customers Dashboard can override this setting for individual customers.
This group of settings controls the conditions that must be met to automatically status a customer or subscription as suspended or cancelled.
Default Grace Period
The default grace period is the days a customer can be in "poor standing" before their service status is changed to suspended. For example, if the default grace period is 30, the customer has 30 days beyond the payment due date to pay before their service status is changed to suspended. If the default grace period is 0, the customer’s service status will change to suspended when an invoice moves from "due" to "overdue."
When Customers are Automatically Un-Suspended
This setting controls what happens when a suspension is removed. Controls whether missed periods are charged following a customer's unsuspension.
Default Auto Cancellation Period
Similar to the grace period, this is the time a customer or subscription can be suspended before cancellation.
The system's default behaviour is to include $0 Dollar charges on customer invoices to clearly inform customers of all services they have provisioned even when they are not incurring a fee for these services. In some instances, it may be desirable not to display $0 charges on customer invoices to prevent large invoices or minimize customer confusion. By checking the Show $0 Charges setting to “Off,” you configure the system always to suppress charges that have either a 0 Quantity or a $0.00 unit Price value. An override at the customer-level settings will allow you to override this setting on a by-customer basis.
If you have charges which bill at the end of a period, you can choose this accounting default setting to have those charges' earned revenue appear in the period in which the service was delivered. This is a common requirement for customers who bill on the first of the month but need the usage fees earned in the previous month.
Note: This feature only works with the "Auto post" setting enabled. If a ready draft invoice is posted manually, the charges will be earned in the period the invoice was posted and not the previous period.
Consider the example of a usage fee charged at the end of the period, and the bill date is the 1st. The current month is April, and the amount of usage incurred in April was $30. If this setting is enabled:
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The charge ($30) for the usage fees will occur just after midnight on May 1st. Note that if there are any start-of-period charges, they will be combined on the same invoice (e.g. monthly fee for May + usage fees for April).
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If the account is set to auto-post/auto-collect, $30 will be collected on May 1st and shown in May's cash collection numbers.
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However - the earned revenue for that service - $30 - will be recorded as earned revenue at 23:59:59 on April 30th. This reflects the usage fees for a service delivered in April and, therefore, needs to be recorded as earned revenue.
Remember that the cash collected and the revenue earned are two separate things and, in this case, will be recorded in two different months.
In the first month you enable this setting, you will "double-count" the revenue earned for these end-of-period charges. The system does not apply the change retroactively, meaning that the previous month's charges have already been recorded this month, and then this month's charges will also be recorded in the same month. From that point forward, the revenue will be earned once only and in the same month as the service was delivered.
This is an account-wide setting; all end-of-period charges will earn based on this setting, and no individual charge or customer override exists. Your accounting team should advise how you would like to earn revenue on these charges and set the account default accordingly.