Introducing Payment Plans in Gold Star Pro Invoicing

A highly anticipated update has arrived for the invoicing feature in Gold Star Pro. Users can now set up payment plans, making it easier to manage invoicing and payments. Here’s a detailed breakdown of this new feature and how you can use it.

Key Features of the Payment Plans Update

Flexible Payment Structures

• Percentage-Based Payments: Specify payments as percentages of the total invoice amount.

• Fixed Amount Payments: Set payments as fixed dollar amounts.

Customizable Payment Schedules

• Set Payment Dates: Assign specific dates to each payment, either by percentage or fixed amount.

• Adjust Schedules Anytime: Modify the payment schedule even after the invoice has been created.

How to Use the New Payment Plans Feature

1. Creating an Invoice with Payment Plans

   • Open the invoicing feature in Gold Star Pro.

   • Select the option to create a new invoice.

   • Choose to split the invoice into multiple payments.

     

2. Setting Up Payment Amounts

   • Percentage-Based: Enter the percentage for each payment.

   • Fixed Amount: Enter the fixed amount for each payment.

   • Mixed Options: Combine both percentage and fixed amount payments as needed.

3. Scheduling Payments

   • Assign dates to each payment.

   • Adjust the schedule as necessary based on customer agreements or changes in project timelines.

     

4. Managing Payment Status

   • Track the status of each payment (e.g., paid, pending).

   • Make adjustments to the payment schedule if needed.

5. Invoice Example

   • An invoice with two payments: one completed and one pending. This provides a clear and organized view of the payment plan.

     

Benefits of the Payment Plans Feature

• Streamlined Invoicing: Avoid the need for multiple invoices for a single job.

• Enhanced Flexibility: Cater to various payment scenarios common in different industries.

• User-Friendly Interface: The new feature integrates seamlessly with the existing invoicing system, providing a familiar and intuitive experience.

This update significantly enhances the functionality of Gold Star Pro's invoicing system while maintaining a user-friendly interface. It allows users to handle complex payment arrangements with ease, improving overall efficiency.

We hope you find this new feature as exciting and useful as we do. Stay tuned for more updates and enhancements!