Recurring billing is a billing process that repeats on an agreed schedule.
Instead of creating each bill by hand, the system follows a rule such as monthly, quarterly, or yearly billing. It is commonly used for memberships, subscriptions, leases, service agreements, and other ongoing charges.
What Does Recurring Billing Need?
- Who is being billed.
- What product, service, membership, lease, or agreement the charge relates to.
- The amount or pricing rule.
- How often billing should happen.
- The start and end rules.
- What should happen when the price, plan, or payment status changes.
Is Recurring Billing the Same as Recurring Payment?
Not exactly. Recurring billing creates or manages the repeated amount owed. Recurring payment is the repeated movement of money.
A business can generate a recurring invoice every month and still require the customer to pay it manually. Or the system can also use an approved payment method to collect the amount automatically.
How Does Booking Ninjas Manage Recurring Billing?
Booking Ninjas' Recurring Billing feature supports scheduled invoice generation for monthly, quarterly, annual, and custom billing cycles.
It can connect recurring charges to customers, subscriptions, memberships, contracts, services, invoices, and payment status on the Salesforce-based platform.
Sources and Further Reading
- Booking Ninjas: Recurring Billing — covers scheduled billing cycles, memberships, subscriptions, contracts, and recurring invoice generation.
- Booking Ninjas: Billing & Payment — shows recurring billing inside the wider invoice, payment, and revenue workflow.