Introducing Fusebill’s powerful Invoice in Advance functionality. You can now configure your Fusebill account to allow you to set up subscriptions that will issue invoices X days in advance of when they would naturally recharge. Use this feature to:
- Have your customers pay for their services in advance of subscription renewals
- Issue a posted invoice (with an invoice number) in advance of starting to recognize revenue
How it works
You can configure plan frequencies to have an automatic Invoice in Advance setting from your account catalog. This way all subscriptions created will automatically have the IIA setting by default applied to their billing period.
You can also manually set Invoice in Advance settings on any existing customer billing period.
Whenever IIA settings exist, the Fusebill system will issue an invoice the specified number of days in advance. This will result in a Ready Invoice which can additionally be set up to auto post upon being created.
When the IIA invoice is posted this will be recorded as a Sale in the Fusebill system. However, the revenue recognition schedule for all charges on the invoice will maintain their proper Earning Start and End Date.
Performing billable actions after a subscription has invoiced in advance but before it has reached its regular subscription renewal date. This will result in larger pro-ration amounts. Service dates on invoices will reflect a larger period of time.
Migrations are not allowed on subscriptions which have an IIA value <>0 on their billing period
Scheduling Subscriptions is not allowed for plans that have an IIA value