Manage Services
Last updated August 14, 2024
In Cone, you can create various services that can be used in proposals. With proposals software, services are the fundamental entities that can be billed.
New service can be added from here or by going to Services tab in the left nav bar and clicking on Create service
Service Details
You can add the following general details for the services
Name
Name of the service
Description
Rich text description of the service. This appears as service summary on the web and PDF proposal views. It's used to explain the service in more details
Invoice line item description
This would be synced with the accounting software system and as a descriptor for the invoice line item
Pricing and Billing
Following outlines the pricing and billing details for services
Pricing Method
Pricing method determines how a service gets priced
There are 4 types of pricing methods in Cone
- Fixed
- Variant
- Per Unit
- Commission
Fixed
Select fixed fee if you charge the constant price for a service all the time.
Variant
Select variant pricing to charge different fixed fees depending on specific client-related factors as you define. For example, Basic is $5, Essentials is $10, Pro is $20 etc.
Per unit
Select unit pricing if you charge by the units. For example, $25.00 per hour, $100 per person.
Currently, Cone supports following per unit entities: hour, transaction, entity, individual, item
Auto-invoicing is not supported for per unit pricing
Commission
Select commission fee if you charge a percentage of total value delivered in the service. Eg. 15% commission on total profits.
Currently, absolute commissions are not supported
Auto-invoicing is not supported for commission pricing
Price
Define the price for the service. You can change this after adding this in a proposal. Changing the value there will be applicable only for the service in that service and not outside
Tax Rate
Define the tax rate for the service. Tax rates can be managed from here
Billing Type
Billing type determines how a service gets billed
3 billing types are supported
- One-time
- Recurring
- Milestone
One-time
This is used when service is billed only once
Recurring
This is used when service is billed on a recurring basis. You can use the following recurring frequencies
- Daily
- Weekly
- Monthly
- Every 3 months
- Every 6 months
- Yearly
- Custom
When you choose Custom , you can specify custom recurring frequency
You can also specify how many times the service billing has to recur
Milestone
Milestone type is used when you want to bill based on specific milestones
Milestones are only available for services with Fixed and Variant based pricing methods
Currently, only 2 milestones are supported with Cone. Amounts for these can only be as percentages of the total value. Percentages have to be manually adjusted to total 100%
First milestone is billed immediately once proposal is signed
When auto-invoicing is enabled, it will be applicable only for the first milestone. Second milestone will have to be manually billed even when auto-invoicing is enabled
Billing start date
With service, you can specify when it should get billed once a proposal is accepted
Following options are supported
- When proposal is accepted
- On contract start date
- On contract end date
- On custom date
When proposal is accepted
With this, billing starts on the date when proposal is signed
On contract start date
Billing starts on the contract start date as specified in the proposal
On contract end date
Billing starts on the contract end date as specified in the proposal
Billing starting on contract date is supported only for one-time services
On custom date
Billing starts on a custom date
Billing on custom date can only be accessed when adding services to a proposal
Auto-invoicing
When enabled, invoices will be automatically created for this service. More information about service auto-invoicing is here