Basic Payment Schedule Vs Detailed Payment Schedule

Learn about the difference between the basic summary payment schedule vs the detailed view in the New Client Acceptance Experience

Tom Maxwell avatar
Written by Tom Maxwell
Updated over a week ago

When you opt into using the New Client Acceptance Experience, you'll have the choice to show a Detailed Payment Schedule:

Basic Payment Schedule

In this experience, your client will see a simple summary of the payment schedule, with subtotals for each billing type. 

 This view is helpful if you don’t necessarily want your client to see a breakdown of how each service in your proposal contributes to the total price. Rather, the client can simply see how much and when they are expected to pay for all services in your proposal. 

The only exception is the “On Service Completion” billing type. If you have more than one service in this billing type, they will still be displayed separately. Why? In the example below, there are two services to be billed on completion. In reality, this could result in two different invoices and two different payment transactions on your clients’ statement. As such, they’ll display as separate fees on their proposal. 

If you sell services with sales tax, the amounts are displayed separately for each billing type. As always you’ll have the option to include the sales tax in the subtotals as well. 

Detailed Payment Schedule

In this experience, your client will be able to toggle between the simple payment schedule and a detailed view. The detailed view displays a breakdown of each service, and how they contribute to the subtotal of each billing type. You might choose to use this display if you prefer to show transparency in your pricing, just like Andrew Van De Beek from Illumin8 Partners in Australia:

 "To ensure our clients are fully aware of the value we deliver. We like to ensure we split our fees across our key business areas, and provide full detail so we can be sure they know what they are paying for."

Did this answer your question?