Subscription Billing Software Resources - Page 13

yes not bad but I'm sorry to say it's costly for new startups.

I am looking for ways to incorporate all the container inbound cost that come in such as demurrage, detention, etc and track those all against landed cost. What is the best way to accomplish this? We import internationally so costs are in EUR and USD depending on where the invoice is from.

We use Advanced Billing to establish billing schedules which allow you to specify a number a variables for billing purposes. For example, we offer a number of depot service contracts with flexible terms and payment options. We may have a customer that wants an annual contract, billed monthly. We create a Billing Schedule to split the total amount over a period of 12 months and invoice 1/12 on the same date of each month. The advanced rev rec keeps our revenue in line throughout the periods to ensure proper accounting. We have billing schedules created to accommodate monthly, quarterly, semi-annual and annual installment options for terms ranging from a single month to 5 years. The sales order transaction maintains a status of "Pending Billing" through the duration of the billing schedule where each time a bill date arrives, NetSuite automatically creates the monthly invoice and our Email Invoice workflow picks them all up through a day-end process and emails to the customer each night. Completely hands off process ensuring we never miss a scheduled invoice creation or delivery! Hope this helps!