Slabs are usage ranges defined in the form of units. Multiple price slabs are defined in the system for generating charges. In slab based pricing based on the slabs, price is calculated and invoice is raised.
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The units can be charged in two ways; price per unit and fixed price.
Price Per Unit: If price type is selected as price per unit, the price defined is applied for each unit consumed.
Example: If a slab is defined as 1-10, Rs.5 price per unit. and the units consumed are 3, the total price would be No. of units * Price= 3 * 5 = Rs.15.
Fixed Price: If a slab is defined as 1-10 Rs.5. And the consumed untis are 6 units. Irrespective of the number of units consumed, the price is fixed for 1-10 units that is Rs.5.
Slab based pricing can be of two types: Volume Bulk Based and Volume Incremental Based.
Example for slab based price:
Slab
Units
Price (in Rs)
S1
1-10
3.00
S2
11-20
1.75
S3
21-30
1.50
S4
31-100
1
If Usage Records as follows: U1=10units, U2=25units, U3=15units and if free units are15 then total units are (U1+U2+U3) - 15 = (10+15+25) - 15 = 35 units
Bulk wise:
Price Per Unit:
Bulk charge will be 35units*Rs.1=Rs.35
Fixed Price
Bulk charge will be Rs.1
Incremental wise:
Price Per Unit:
Incremental charge will be 10units*Rs.3+10units*Rs.1.75+10units*Rs1.5+5units*Rs.1=Rs.67.50
Bulk Price
Incremental charge will be Rs.1
If you want to learn more, please visit our website Slab Distributor.
When you sell different services to your customers, you would always want to work out a pricing strategy such that the pricing of your customers decreases as they buy more from you. This is how any business would work.
Our tool allows you to set a Slab-based Pricing structure that allows you to do this automatically.
The strategy is quite simple. You set certain slabs of Total Ad spend. The moment a customer of yours crosses these slabs, the pricing for that client has reduced.
Before learning how to create an invoice with slab based pricing, we'll let you understand how price slabs work.
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Slabs are adspend (usage) ranges defined in the form of units like ($0-$500). Multiple price slabs are defined in the system for generating charges. In slab based pricing, based on the slabs, price is calculated and invoice is generated.
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&#;Simply, define ad spend ranges and set the slab for each range. So that, throughout the range, the same price would reflect. You can also set slabs like - the more the ad spend, the less the price.
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We calculate the slabs based on percentage and flat fee of ad spend.
For example: Refer to the table below and see how slabs are calculated for a client with single and multiple accounts.
If the slab defined as 0-, the adspend for a client using the AdWords account is $100 and the slab percentage is 20 then the invoice amount would be 20% (100) = $80.
If the adspend records as follows: A1 = $100 (percentage); A2 = $ (flatfee); A3 = $ (flatfee) then the generated invoice amount will be 20% (100) + 400 + 800 = $
Open Invoicing module.
Click on Invoice Templates drop-down button.
Click on Charge Type Templates.
Click on New Charge Type Template.
Now, enter Slab Name in the first in the first field.
Choose Currency Code.
Add Slab Ranges: Here you can define the slab range like 0 to 500, 501 to etc.
Choose Charge Type. As shown above, choosing percentage will be % of Ad spend, choosing flat fee will be a fixed number for that range.
Click '+' to add more.
Account Charges: The fixed charges for the selected accounts based on the ad spend. Here, you can choose multiple accounts. These charges will reflect in the future invoices when chosen &#;Charge Type - Slab Based.&#; For example, a user creates a slab - &#;SME&#; by choosing Twitter Ads, Google Analytics accounts with 100 in the &#;Value&#; column. Entering 100 in the &#;Value&#; box fixes the adspend charge for the selected accounts to 100. This will auto populate in the future invoices (when chosen &#;Invoice Slab - SME&#; and &#;Charge Type - Slab Based&#; for Twitter Ads, Google Analytics.)
Enter General Charges and Additional Charges if any.
Click on Save.
After creating a slab, goto new invoice page.
In Invoice Slabs, choose a slab which you've created earlier.
You cannot edit Value if a slab has applied..
Enter data in all fields and click on Save as either Draft(to create later) or Template(to use in future.)
Else, click on Create Invoice.
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