How do I add a new product?

Summary / Introduction 

The products list represents all products or services that you've contracted to bill a customer for. You can add additional products and assign billing and revenue schedules to them directly in the App.

Steps

1. Navigate to a Customer profile, and select Products to view the products and services that you are currently billing a customer

2. Click + Add product to add a new product or service that you are billing a customer. You can do this if you want to set up your own billing instead of sending a contract to Tabs.

3. Fill out basic product information. This is how you will identify your product.

4. In the ERP section, you can choose which item in the General Ledger or ERP that this product maps to. Configuring this will ensure journal entries are attributed to the correct accounts.

5. Tabs supports a variety of pricing options. Flat price represents products that you bill at the same price each time. Unit prices represents simple usage-based products that you bill at a variable quantity. And tier prices represent different ways of calculating the correct billing based off your total usage.

6. Tabs also supports adding discounts. Discounts can apply to Flat price and Unit price products. You can discount by a dollar or percentage of the total.

7. Click "Save" to create the product

8. You can stop here if you are not yet ready to set up a billing schedule. To set up a billing schedule, click New billing.

9. You can set up your billing cadence by configuring the total number of invoices to be sent, the start date, and how frequently you want invoices to be sent out. Advanced billing options helps you choose to bill either on the start date, at the end of the billing period, or the first date of the next period.

10. When you click "Save", Tabs will begin generating invoices for this product.

11. Tabs will also by default set up a straight-lined pro-rated revenue schedule for your product. To change it, click Edit Product