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Recurring Billing

Recurring billing is a billing model in which customers are charged automatically and regularly at predefined intervals for ongoing products or services they receive from a business.

What is Recurring Billing?

Recurring billing is a billing model in which customers are charged automatically and regularly at predefined intervals for ongoing products or services they receive from a business. It is commonly used for subscription-based services, membership programs, utility services, software-as-a-service (SaaS) products, and other types of recurring purchases.

Within NetSuite, recurring billing can be enhanced by a native SuiteApp like ZoneBilling. With it, you can automatically create and manage orders, bills, and credits based on billing rate type and charge schedule. This means you can bill and recognize everything from simple one-time fees, fixed recurring bills, or pay-as-you-go setups, all the way through to usage-based billing, including inventory items, pre-payments, minimum commitments, co-termination of contracts with pro-rata pricing, automated renewals, and more.

Recommended terms

Automated Clearing House (ACH)
An Automated Clearing House (ACH) is an electronic network that facilitates the transfer of funds between bank accounts in the United States (and internationally with some variations).
B2B Payments
B2B payments, short for Business-to-Business payments, refer to financial transactions that occur between companies. This is distinct from B2C (Business-to-Consumer) transactions where businesses sell goods or services directly to individual customers.
Billing
Billing is the process of generating invoices or bills to request payment from customers or clients for goods sold or services rendered. It is a fundamental aspect of business operations that involves documenting the details of transactions, calculating charges, and issuing invoices to customers for payment.

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Recurring Billing

What is Recurring Billing?

Recurring billing is a billing model in which customers are charged automatically and regularly at predefined intervals for ongoing products or services they receive from a business. It is commonly used for subscription-based services, membership programs, utility services, software-as-a-service (SaaS) products, and other types of recurring purchases.

Within NetSuite, recurring billing can be enhanced by a native SuiteApp like ZoneBilling. With it, you can automatically create and manage orders, bills, and credits based on billing rate type and charge schedule. This means you can bill and recognize everything from simple one-time fees, fixed recurring bills, or pay-as-you-go setups, all the way through to usage-based billing, including inventory items, pre-payments, minimum commitments, co-termination of contracts with pro-rata pricing, automated renewals, and more.

Related terms

Billing and Invoicing
Automated Clearing House (ACH)
An Automated Clearing House (ACH) is an electronic network that facilitates the transfer of funds between bank accounts in the United States (and internationally with some variations).
Billing and Invoicing
B2B Payments
B2B payments, short for Business-to-Business payments, refer to financial transactions that occur between companies. This is distinct from B2C (Business-to-Consumer) transactions where businesses sell goods or services directly to individual customers.
AP Automation
AR Automation
Billing and Invoicing
Invoice Processing
Invoice processing is the entire workflow a business follows to manage incoming invoices from suppliers or vendors, all the way from receiving them to paying them. It's essentially how companies ensure they're paying the right amount, to the right vendor, at the right time.
Billing and Invoicing
Revenue Leakage
Revenue leakage refers to the unintentional loss of revenue that a business earns but fails to collect.
Billing and Invoicing
Quote-to-Cash (Q2C)
Quote-to-Cash (Q2C), also sometimes referred to as Quote-to-Order-to-Cash (QTC), is the entire business process encompassing all the activities involved in generating a sale from the initial quote to receiving payment.
Billing and Invoicing
Annual Contract Value (ACV)
Annual Contract Value (ACV) is a metric used to assess the average yearly revenue generated by a single customer contract. It helps businesses understand the annualized worth of their customer base, focusing on recurring revenue streams.