Term
Monthly, yearly or multi-year terms
Each term bills from the contract, so a 3-year deal is not rebuilt each year.
Buckram Scree Inc runs a yearly term at $43,300 for the interval and $129,900 across the subscription.
Subscription billing
Subscription billing when seats and prices change
Plans, terms and mid-cycle seat changes bill from one contract, prorated to the day.
Multi-year ramps
When pricing moves faster than billing
New prices, ramps and seat changes bill from the contract, not a month-end spreadsheet.
$282,000
Year 3 of the ramp, already scheduled from clause 5.2.
Plans to revenue
From price list to recognised revenue
One contract carries the plan from your price list to the entry your auditor reads.
Products and plans
Sold from your price list
Each plan is set up once and reused, not rebuilt per customer.
Subscription Coming soon
Seats, price and renewal in one place
Sales, billing and finance read the same subscription.
Billing Coming soon
Seat changes prorated to the day
Both prorated amounts land on the next invoice, or on the open draft when the month is not yet billed.
Revenue
Revenue spread across the term
Revenue follows the service delivered, not the dates the invoices go out.
Price changes
Change a price without rebuilding a plan
Terms and price increases from the contract
Price increases
Ramps and price increases, billed on time
A ramp steps the price each year; a yearly increase applies at renewal, as Oakum Bullace Inc's 4% takes $12,000 to $12,480.
A 3-year deal steps $120,000, then $186,000, then $282,000, and bills from the agreement.
Questions finance asks first
To the day. Eleven days bill at the old rate and 19 at the new, and both land on the next invoice, with no credit note to correct it.
Existing subscriptions keep the terms they were sold on. A retired plan stops being sellable without repricing the customers already on it.
Yes. A platform fee, usage and prepaid credit sit on one invoice. Hybrid billing shows how.
Yes, from the clause. Where the contract sets a yearly increase, the renewal is priced at the new rate without anyone remembering it.
Verlix builds the schedule and the journal entries for each performance obligation, each naming the contract line behind it, ready for your accounting system.
Starter is $95 a month under $1M billed revenue a year.Get started