Adding Setup Fees to Recurring Invoices

A practical way to manage subscription charges or regularly purchased products is through recurring invoices. These invoices simplify the process by automating payments and maintaining a clear payment history. Often, on the initial purchase, you might need to apply an additional fee to cover startup costs, insurance, or account creation for the customer. This extra charge is referred to as a setup fee, and it can be seamlessly incorporated into your invoices for better tracking.

Steps to Include a Setup Fee

1. First, go to the Products section in your Payments area and click on Create Product.

2. Fill in the required details, then move to the Pricing section and choose "recurring" as the price type.

3. Enter the recurring price that will be charged to your customer regularly

4. Add the setup fee, which will appear on the first invoice but not on future ones.

5. Once you’ve completed setting up the product, save the information. Next, head to the Invoices section, click +New, and select Recurring Template.

6. Create your invoice as usual, and be sure to include the product with the setup fee.

7. You will now see both the product price and the setup fee on the invoice. After the first payment, only the recurring charge will remain on future invoices.

That’s all there is to it! With these steps, you can now effortlessly add setup fees to your recurring invoices, ensuring that all charges are conveniently managed in one place.