How to Set up a Billing Plan
Posted by Cameron Telfer, Last modified by Cameron Telfer on 24 November 2017 09:17 AM

A billing plan is a plan which outlines a set of rules & conditions for Customers renting at your business. Storman looks at the billing plan rules you have setup to figure out how to charge Customers, whether or not to provide refunds (and if so - how much), and so on. A Billing Plan also allows you to set incentives and discounts, and lets you specify whether or not a discount should be removed if a Customer moves out early, and so forth. During the below steps you will be setting up a billing plan.

Overview of steps:

  1. Navigate to: Billing Plans
  2. Creating your billing plan

Step 1. Navigate to: Billing Plans

Select Maintenance, then Billing Plans.

The list of existing billing plans will appear. Double-click on an existing billing plan to open it or click Add Billing Plan to create a new one.

Step 2. Creating your billing plan

  • Description. A human friendly name for the billing plan.
  • Periods to pay in advance. Lets you set the number of periods which need to be paid for in advance, for this plan.
  • Period enter above is in. Select whether the number you entered into the Periods to pay in advance field above is in days, weeks, or months.
  • Penalty on early move-out. Specify a penalty (as a percentage) that will be charged if a Customer on this plan moves out earlier than the duration of the plan. In other words, this is the amount of rental credit on move-out to be charged back as a penalty.

Adding a new billing plan

Step 3. Save

  • Click OK, then Done. You may now wish to assign your new billing plan to an agreement.
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