What are Billing Plans?
Billing plans are how your clients pay for their time in the kitchen. Each client will be assigned to a billing plan. Clients can only be on one billing plan at a time.
The Food Corridor offers 3 billing plan options for kitchen bookings, so you can choose what works best for your system and individual clients. You can create as many billing plans as you'd like.
The 3 billing plan options include:
Hourly Billing Plans
Hourly billing plans charge clients for their bookings as they go, so these clients 'pay as they cook.' Hourly clients are charged for each booking at midnight after the booking takes place. For example, if a booking is created on Monday, and is scheduled for Friday, the client will be automatically charged for their time on Friday night at midnight, after the booking ends. You can also set custom hourly rates for individual clients. Custom hourly rates will always override the set price of the space calendar.
Monthly Billing Plans
Monthly billing plans charge clients once a month for time in the kitchen, on the monthly billing date (either the 5th or the 15th of the month). Clients prepay for their fixed monthly rate and receive either a set number of hours (time-based plan) or credit (credit-based plan) to use for bookings throughout the month. As a client books on the calendars, the time or credit is deducted from their monthly pre-paid amount. If the client books over their pre-paid time or credit on their plan that month, the overage hourly rate(s) kick in. Overage hours for the month are included on the next month’s bill. Unused time and credit do not roll over into the next month.
The main difference between time-based and credit-based plans:
- The rates set in time-based plans override the rates set on the individual space calendars. Time-based plans are a good way to set custom rates and pricing tiers for different plan types. As the client books, the system will track their hours according to the rates set in the plan, not according to the rates set on the space calendars.
- Credit-based plans, on the other hand, do go off of the rates set on the space calendars, including the peak and off-peak rates. Credit-based plans are a good option if you prefer the system to track clients' time based off where and when they book, and work well if your space calendars vary in their rates. You may choose to incentivize or discount this plan by adding a monthly recurring credit to the client's profile.
Create your Billing Plans
Once you've decided on your type(s) of monthly plans, add them by going to your Kitchen Settings tab > Billing Plans.
You can have as many or as few plans as you like. We encourage you to have standard plans (e.g. Plan A, B, C).
- Build a time-based plan by assigning a plan name, description, a base monthly rate, the number of hours included for that base monthly rate, and hourly overage rate(s) if the client books over that base number of hours.
- Build a credit-based plan by assigning a plan name, description, and base monthly rate (which will be the usable credit amount). You can also set custom hourly rates for individual clients on credit-based plans.
Need to include storage in your billing plans?
While billing plans are intended to apply to a client's bookings, there is a way to include storage units in your plans if you wish. Follow these steps to include storage in a monthly plan, while not sacrificing the ability to inventory your storage space.
Need clients to pay in arrears, instead of pre-pay?
Check out how.
Assign your billing plans to your clients
Follow these steps.
Communicate with your Clients
When you're ready, educate your clients on how they will be automatically billed.