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Seasonal Subscriptions with auto renewals

I'm looking for the best way to handle "seasonal" subscriptions with the ability to have auto renewals.  

 

An example would be a ski mountain season lift ticket that would auto renew for next season. A one time"annual" payment off $1,000 recognized as defered revenue over 5 months (Dec-April) and a renewal that would begin in December of the following year.

 

Anyone deal with anything simliar?

2 REPLIES 2
Support SME

Re: Seasonal Subscriptions with auto renewals

Hello Brian,

For a seasonal subscription you will want to create an Annual Subscription.  Please refer to our Knowledge Center article: Specifying Basic Information for a Subscription. Use the following settings to help set up your annual subscription:

 

  • Term Setting = TERMED
  • Initial Term = 1 YEAR

  • Renewal Setting = Renew With Specific Term
  • Renewal Term = 1 YEAR
  • Auto Renew = YES

When adding the rate plan charge, set it up as a one-time charge of $1000.

 

Our revenue recognition is fully customizable and will allow Monthly recognition over time. Please refer to our Knowledge Center article: Recognition Term.

 

When creating your rule, use the following:

Recognition Model: Billing - Daily recognition Over Time

Recognition Term Start Date: Start recognizing revenue from the Invoice Item Service Period Start
Recognition Term End Date: Stop recognizing revenue 5 months from the Recognition Term Start Date

 

We also have another related Community topic found HERE.

 






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Zuora Alumni

Re: Seasonal Subscriptions with auto renewals

Hi Brian---one change to what Rolando advised as an option for you. He advised setting up your change as a one-time charge. However, one-time charges do not auto-renew when the subscription auto-renews. My suggestion would be for you to create an annual rate plan for the $1000 and then setting up the accounting rule to recognize the revenue over the five month period like Rolando advised.