Add Subscriptions
What is a Subscription?
A Subscription refers to a recurring agreement or arrangement where an Account (People or Company) is set to pay a recurring fee to access a product or service over a specified period of time.
A Subscription is used to set scheduled payments for an Account, or generate financial document like invoices. These Subscriptions consist of a Payment Method and a Product assigned to them.
- You need a Payment Method already set up.
- You need a Bank Account already set up.
Step1. Add a subscription for an Account
- Navigate to any Account Record, Contacts-People-Accounts.
- Please take Note: when you scroll down to Subscriptions, there will be a notification stating that you need to add a Bank Account First, please click here to add a bank account: Add a Bank Account
- Add a Subscription to the account.
- Click on the Add Subscription button.
- Provide subscriber information.
- Client Type: either Account or Company.
- Account: is the member.
- Date Start/End: select the day start/end for this subscription, leave blank to start immediately.
- Billing Day: choose the day the transaction should go off.
- Payment Method: choose the payment method used.
- Bank Account: choose the bank account of this member.
- Status: Select the status to either the following:
- Document: the selection on this is to send an Invoice after the transaction went off.
- Click on Save to complete.