Recurring Payments w/ Customer Payment Database
Functionality for recurring payments/saving customer payment information in JobNimbus
Breelyn Cardon
shared this idea
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Adding a recurring payments feature for in-house sales. Many of his customers make monthly payments directly to the company, and having the ability to schedule and track recurring payments within JobNimbus would simplify billing and reduce manual work.
This feature would be especially useful for service-based businesses handling ongoing maintenance, financing plans, or long-term contracts.
Tags: Payments, Invoicing, Finance, Recurring Billing, iOS, Mobile
Metadata: Company: Don Roofing & Siding -
Mike Bennett
commented
Would like to automatically bill a client with recurring payments.
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Sofia Vaca
commented
Would like the ability to set up recurring payments from customers.
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Carlita Belgrove
commented
The ability to have the system auto deduct payments on specified dates and amounts.
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Matt Seiter
commented
Create a calculation for estimated financing options using amortized loan equation. Let the Nimbus user enter in the rate (r) and term length (n). Set a function to import the estimate total (P) into the equation. The (A) would be the box that shows the monthly payment on the estimates.
Here's the equation:
A = Payment amount per period
P = Initial principal or loan amount (in this example, $10,000)
r = Interest rate per period (in our example, that's 7.5% divided by 12 months)
n = Total number of payments or periods
The formula for calculating your monthly payment is:
A = P (r (1+r)^n) / ( (1+r)^n -1 )
