How to Add Setup Fees to Your Recurring Invoices : Reach Penguin Support Portal

Let's say you have a product with an initial setup fee and then a monthly recurring charge. So far, you were not able to use a single invoice to let the customer pay for both and had to rely on 2 invoices. Not anymore.

What's new

You can now add a recurring product -> add a setup fee to it in its prices -> Add it to a recurring invoice -> 2 line items for the same product (One with Setup fee and other with recurring price) would appear.
For subsequent invoices, the setup fee line item will be removed and only the recurring part of the price will be sent out.
How to use?
Go to Product section and create a product with price type = recurring and add a setup fee to it.
Create a recurring invoice from invoices section.
Add the product which has a setup fee in it.
2 line items for the same product will be shown with the suffix "Setup Fee" added to the setup part of the price.
For all subsequent invoices that are auto-generated as per your schedule, will only have the recurring element of the price.
Why did we build this?
For all service providers where a signing fee was to be collected along with monthly recurring charges, this feature would make invoices super useful to them.