Tips, Tricks & Best Practices

val_spot_on
Participant

How to enable reoccurring deal creation in HubSpot (one-time, monthly, quarterly, annual payments)?

SOLVE

Hello HubSpot community!

I'm curious about the best practices for creating recurring deals and whether it's better to manage them in separate pipelines. I'm particularly interested in to handle different payment options like One-Time Payment, Monthly Recurring Revenue, Quarterly Recurring Revenue, Annual Payment, and Annual Recurring Revenue.

Could you please share any insights on how to approach this effectively within HubSpot?

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trevordjones
Solution
Recognized Expert | Diamond Partner
Recognized Expert | Diamond Partner

How to enable reoccurring deal creation in HubSpot (one-time, monthly, quarterly, annual payments)?

SOLVE

Hi @val_spot_on ,

 

Deal line items have these values in them.  When you create your products in Settings > Objects > Products, you specify the payment frequency in the drop-down.

 

2024-03-26 - 11_40_35 - Settings.png

 

HubSpot will then calculate the Accual Contract Value using the mix of prices, quantities, and billing frequencies, since you often have an onboarding fee and a recurring fee.

- Trevor
If my post solves your problem, please accept it as a solution.

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TainaSipilä
Member

How to enable reoccurring deal creation in HubSpot (one-time, monthly, quarterly, annual payments)?

SOLVE

Hi @val_spot_on!

 

I agree with @trevordjones, line items sound great. Whenever you're ready with the setup, you might wish to take a look at Dear Lucy for automated reporting of recurring and one-time revenues:

https://www.dearlucy.co/blog/revenue-forecasting-hubspot-line-items

 

Hope this helps!


Best,

Taina 

 

0 Upvotes
trevordjones
Solution
Recognized Expert | Diamond Partner
Recognized Expert | Diamond Partner

How to enable reoccurring deal creation in HubSpot (one-time, monthly, quarterly, annual payments)?

SOLVE

Hi @val_spot_on ,

 

Deal line items have these values in them.  When you create your products in Settings > Objects > Products, you specify the payment frequency in the drop-down.

 

2024-03-26 - 11_40_35 - Settings.png

 

HubSpot will then calculate the Accual Contract Value using the mix of prices, quantities, and billing frequencies, since you often have an onboarding fee and a recurring fee.

- Trevor
If my post solves your problem, please accept it as a solution.